[WA] Seattle Credit Union $150 Checking Bonus, Direct Deposit Not Required

Offer at a glance

Maximum bonus amount: $150

Availability: WA only

Direct deposit required: Optional

Additional requirements: See below

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: None listed

Household limit: None

Expiration date: None listed

The Offer

Direct link to offer

Seattle Credit Union is offering a $150 bonus when you complete two the following requirements:

Maintain $500 in monthly direct deposits

Complete 10 transactions a month

Enroll in eStatements

The Fine Print

1) Eligibility
a) Member must be at least 13 years old and in good standing with the credit union at the time of account opening (account cannot be overdrawn, etc.).
b) Member must open a checking account and maintain at least two (2) of three (3) the following within a “90-day engagement period”: 1) set up a minimum $500 monthly direct deposit; 2) sign up for eStatements; or 3) complete 10 transactions a month.
c) Member cannot have had a Seattle Credit Union checking account in the last six (6) months and must be a full member and primary signer, not a joint member.

2) Commitment
When Member opens a checking account and meets two (2) of the three (3) requirements, they will receive a $150 “Incentive Bonus,” which will be posted to their membership savings account within thirty (30) business days of completion of the 90-day engagement period.Account-opening bonuses during a calendar year totaling ten dollars ($10) or more are reported on Form 1099 INT.

3) Exclusions and Restrictions
All new accounts are subject to Seattle Credit Union standard Membership Agreement terms and conditions.Seattle Credit Union reserves the right to cancel or amend the terms of the $150 Checking Incentive Program at any time and without notice.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Free checking has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find any EATF in the fee schedule.

Our Verdict

Might be possible to stack with a referral.Please do not share your referrals until we confirm it stacks as I suspect you’ll only get the $100 referral bonus and not this $150 bonus.

One interesting thing to note is that the header of the offer in your browser says (in branch) but there are links to open the account online.Again not sure how this works in practice.

Hat tip to reader snailrock

Useful posts regarding bank bonuses:

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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.