PSECU is offering up to $300 to new members who open a personal checking account. This time around they've broken the bonus into 3 parts and raised the bonus amount.
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 direct deposits in order to earn the up to $300 bonus.
Full requirements to receive this bonus are:
- Become a member of PSECU using the promo code LEVELUP.
- $100 Checking Bonus – Within 30 days, sign up and be approved for a new checking account, login to online banking, and activate your debit card, earn $100.
- $100 Direct Deposit Set Up Bonus – Meet the requirements of the checking bonus and Within 90 days of establishing membership, receive recurring direct deposits totaling $200 per months, earn $100.
- $100 Direct Deposit Bonus – Meet the requirements of the checking and direct deposit setup bonus and Maintain the qualifying payroll direct deposit(s) for 90 days after initial deposit, earn another $100.
- PSECU will deposit member incentive bonus into the Regular share within 45 days after the requirements are satisfied.
Open a Checking Account before the bonus expires on December 31, 2023
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 Level Up bonus per tax identification number used to open a new PSECU account.
- You will not be eligible for the Level Up bonus if you are a current PSECU member, have closed an account within the past 12 months, or have received a previous 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.
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:
U.S. Bank
U.S. Bank Smartly® Checking
- Bonus
- up to $1000
- Account Type
- Personal Checking
- Expires In
- 29 days
- Requires
- Direct Deposit
- Min Balance (optional)
Citi®
Citi Priority Relationship Tier
- Bonus
- up to $2000 w/activities
- Account Type
- Personal Checking
- Expires In
- 99 days
- Requires
- Min Balance
Discover
Cashback Debit
- Bonus
- up to $360
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
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:
- Expired January 1, 2023: Signup for a new checking account and optionally complete direct deposit requirement.
Why Pennsylvania State Employees Credit Union?
PSECU, founded in 1934, has grown from 22 members to more than 480,000 members. They offer a full set of banking products and services.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 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 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.