PSECU Checking Account up to $300 Bonus

Renewed for 2025 (with a few tweaks), PSECU is offering up to $300 to new members who open a personal checking account and complete direct deposit and debit card requirements.

Something else to keep in mind: if you have ties with any of the PA entities that PSECU has a relationship with, you can join outright. But if not, you can still gain eligibility by joining Pennsylvania Recreation and Park Society (PRPS) through PSECU. For more information, read the eligibility requirements section below.

How To Earn The Bonus

The PSECU Checking Account promotion requires you to optionally, set up eligible direct deposits in order to earn the up to $300 bonus (step-by-step breakdown is listed above!).

As with any offer, don't forget to read the fine print before opening your new account. It's where the credit union will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.

The fine print

• Promotion open to U.S. Residents who are 18 years of age or older at the time the account is opened.
• Limit one (1) new member bonus per tax identification number used to open a new PSECU account.
• You will not be eligible for the bonus if you are a current PSECU member, have closed an account within the past 12 months, or have received any new member incentive bonus within the past 12 months.
• Direct deposit must be a paycheck, social security payment, or pension payment.
• Qualifying payroll direct deposits are defined as paychecks, Social Security payments, and pension payments.
• There's a path for everyone to join PSECU.
• Employees, agents and officials of PSECU, and immediate family members of any of these are not eligible for this promotion.
• Members who open accounts and/or loans by fraudulent, suspicious, or illegal means, including but not limited to providing PSECU with fraudulent or fabricated information, are not eligible to participate in this bonus offer.
• PSECU may adjust the deposited bonus or remove the deposited bonus at any time if PSECU suspects accounts and/or loans were opened by fraudulent, suspicious, or illegal means, including but not limited to providing PSECU with fraudulent or fabricated information.
• $5 is required to open and maintain a Regular share account. This $5 share deposit is also required to be eligible to receive the $300, and the member must be in good standing as defined by PSECU's Bylaws Article II, Section 1.
• A $5 minimum share purchase will be made on behalf of the new member by PSECU. If the member account is closed within the first year of membership, the initial $5 share will be retained by PSECU.
• Withdrawals and fees may reduce earnings on the account.
• The recipient of the bonus (up to $300) is solely responsible for payment of applicable taxes on that amount. If you have any questions, please seek the advice of a qualified tax professional.
• All decisions of PSECU regarding this promotion are final. PSECU may terminate or change the terms and conditions of this promotion without notice.
• Subject to all applicable federal, state, and local laws and regulations.

Open a Checking Account before the bonus expires on December 31, 2025

How does this personal checking offer from PSECU compare?

To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:

BMO

Smart Advantage Checking Account

Bonus

$300

Account Type

Personal Checking

Expires In

27 days

Requires

• Direct Deposit

Full Details

TD Bank

Beyond Checking

Bonus

$300

Account Type

Personal Checking

Expires In

113 days

Requires

• Direct Deposit

Full Details

Discover

Discover® Cashback Checking

Bonus

up to $360

Account Type

Personal Checking

Expires In

Limited Time

Requires

• Card Spend

Full Details

Recent Versions of This Offer

Banks often tweak the requirements and the reward amount of their welcome offers. Track how this welcome bonus from PSECU has changed over time:

Why Pennsylvania State Employees Credit Union?

Checking Account

PSECU offers a free checking account that offers debit card rewards on purchases over $10, free checks, free ATM transactions (including $20 in surcharge refunds each month), online banking and a mobile app, and free overdraft protection.

Fees

Checking Account does not charge a monthly maintenance fee.

Apply now for a Checking Account to earn the up to $300 bonus offer

How to Join Pennsylvania State Employees Credit Union

Credit unions differ from banks in that they restrict membership based on a shared common bond, or the credit union’s “field of membership”.

That means in order to qualify for this bonus (or any offer from a credit union), you'll first need to meet one of PSECU's membership requirements:

• Reside with, or have a relative who is a PSECU member.
• Currently attend, have attended, graduated from or work at a Pennsylvania colleges or universities.
• Work for PA state or local governments, Municipalities and school districts, or Select Employee Groups (SEGS)
• Become a member of the Pennsylvania Recreation and Park Society (PSECU will cover the $20 fee when you open your PSECU account online).

Keep in mind that nearly all credit unions have a "once a member, always a member" policy, so once you're in, the above restrictions no longer apply.

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