[PA] Service 1st Federal Credit Union $300 Checking Bonus

Update 6/8/25: Bonus extended until 12/31/25.Hat tip to Tikky

Update 1/14/24: Extended until 12/31/2024.

Update 6/30/23: Extended until 12/31/2023.

Offer at a glance

Maximum bonus amount: $300

Availability: PA

Direct deposit required: Yes, $250+

Additional requirements: See below

Hard/soft pull: Soft pull

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: None listed

Household limit: None listed

Expiration date: 6/30/2023

The Offer

Direct link to offer

Service 1st Federal Credit Union is offering a $300 checking bonus when you open a new checking account and complete the following requirements:

$150 bonus when you accept the following upon opening:

accept a VISA® Check Card.The VISA® Debit Card associated with the member’s account must perform a transaction within 30 days of membership opening date to meet the program requirements.

Online Banking

Electronic Statements

$150 bonus when you receive a direct deposit of at least $250 within 30 days of account opening

The Fine Print

$300 Cash Bonus Rules and Eligibility.Offer valid through 6/30/2023.

Account opening and overdraft protection is subject to qualifications.

Members with existing checking account(s) do not qualify.

Offer does not apply to business accounts or multiple checking accounts.

Member must accept a VISA® Check Card, Online Banking, and Electronic Statements upon account opening to receive $150.

The $150 will be credited to a member’s account within 10 business days of opening a qualified checking account.

Members can receive an additional $150 if they enroll in Direct Deposit.

The first direct deposit must be credited to checking account within 30 days of checking account opening to receive an additional $150 cash bonus.

Minimum direct deposit amount to receive this offer is a regular $250.00 deposit.

Direct deposit is an automatic electronic deposit made to your account by someone else, such as an employer issuing payroll or a government agency paying benefits.

It may not include deposits to your account that are made by an individual using online banking or an internet payment provider.

The Checking Account must remain open for six months or the cash bonus ($150/$300) will be debited (subtracted) from the account balance at closing.

The cash bonus is a credit that will post to the account within 30 days of the initial direct deposit.Some restrictions may apply.

This offer may not be combined with any other promotion, except for the Service 1st Checking Bundle promotion.

This offer can be modified or withdrawn at any time without notice.Cash incentive must be reported as taxable income.

Please see a tax specialist for details.

Savings account with a $5 minimum balance and one-time $1.00 membership fee is required.

Membership eligibility required.

**Members who have an inactive Service 1st Visa® Check Card for three (3) months or more will be assessed a dormant check card fee of $1.50 for each month the card remains inactive.

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 an early account termination fee or not.

Our Verdict

Need to know if this is a hard or soft pull, share your experiences in the comments below.

Hat tip to Woody

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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.