[OH, Stark or Carroll only] Stark Federal Credit Union $400 Checking Bonus, Direct Deposit Optional

Extended to 11/30.Hat tip to reader snailrock

Offer at a glance

Maximum bonus amount: $400

Availability: Membership at Stark Federal Credit Union is open to anyone who lives, works, worships or attends school in Ohio’s Stark or Carroll Counties.

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: Unknown

Household limit: None listed

Expiration date: June 30, 2025

The Offer

Direct link to offer

Stark Federal Credit Union is offering a $400 bonus when you open a new checking account and complete one of the following:

Set up direct deposit and receive qualifying deposits totaling at least $1,000 within 60 days of account opening or

make 15 Point-of-Sale transactions with your debit card within 60 days

The Fine Print

$400 bonus will be paid via deposit into the checking account of the qualifying member during the 60-day promotional period.

To qualify, the Stark Federal member must be 18 years of age or older.Promotion is not valid for organizations and businesses.

The member must perform 15 point-of-sale debit card transactions or have direct deposits totaling at least $1,000 within 60 days of opening their new account to qualify.Only first-time SFCU checking account holders are eligible for this promotion.

Bonus may appear on a 1099 tax form; Member is responsible for paying all taxes associated with the reward.

This offer cannot be combined with any other promotional offer.

Stark Federal reserves the right to cancel or modify the promotion at any time.

Offer is valid until June 30, 2025.

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

Avoiding Fees

Monthly Fees

They offer a free checking account with no monthly fees to worry about

Early Account Termination Fee

I wasn’t able to find a fee schedule.

Our Verdict

Rare to see such a big bonus without direct deposit required.Downside is that at best you have to call to apply and you might need to go in branch.We also don’t know if it’s a hard or soft pull and available in very specific counties.Still worth doing if you’re eligible, will be added to the best checking bonus page.

Hat tip to reader Bockrr

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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.