Offer at a glance
- Maximum bonus amount: $100
- Availability: who lives or works in Jasper, Boone, Story, Marshall, Tama, Benton, Polk, Poweshiek, Iowa, Warren, Marion, Mahaska, Keokuk, Lucas, Monroe, Wapello, Wayne, Appanoose and Davis.
- Direct deposit required: Yes, two $500+
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
The Offer
- Advantage Credit Union is offering a $100 bonus when you receive two direct deposits greater than $500 within 60 days of account opening
The Fine Print
- Flip the Switch rewards will be paid to member no sooner than 60 days after account is opened.
- Member will earn $100 if the account receives two direct deposits greater than $500 within 60 days of account opening.
- Member will earn $50 if the account receives two direct deposits greater than $500 in a 60 day period, regardless of account opening date.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF or not.
Our Verdict
Not sure if an account can actually be opened online or not and it’s a small bonus requiring a direct deposit but might be worth doing some readers if they live near a branch.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times