Disclosure: Basic Travel Couple, LLC has partnered with CardRatings for our coverage of credit card products. Basic Travel Couple, LLC and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
As of May 19th this offer is now expired
The $1,200 Stimulus Checks are being sent out and now there is a way to earn an extra $200. PenFed Credit Union has come out with a timely promotion which is throwing New Customers an additional $200 Bonus when depositing $1,200. Typically when I open a new account I’m looking for at least $300, but this offer is easy-peezy!
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New PenFed Credit Union Customers who open an Access America Checking Account will receive a $200 bonus when depositing at least $1,200 in the first 90 days. In addition to the deposit, customers must make 5 Debit Card Purchases within the first 90 days.
The PenFed $200 Bonus Offer is running from 5/4/2020 through 6/14/2020. Once the deposit and debit card purchases are complete, the bonus will be deposited within 120 days. It’s important to note that this account does require both a $25 Deposit for the checking account and a $5 deposit to be a member of the credit union. The $5 will be refunded upon closure of the account.
Click Here for the PenFed $200 Bonus Offer
Easy to Avoid Fees
The PenFed Access America Checking account has a $10 Monthly Account Fee that can be waived by either having a $500 monthly balance or a $500 monthly deposit. After the bonus hits, you can close this account without accruing an early termination fee!
I just opened this account and am planning on sending it to all of my friends. Given that this account only requires a $500 monthly balance to avoid fees, it’s not going to tie up much money to get that $200 bonus. I’ll definitely be adding this to our Top Bank Account Offers of the Month List!
What do you think? Are you going to take advantage of this offer? I’d love to hear down in the comments or over in the 4,000+ Member Basic Travel Facebook Group!
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Disclosure: Basic Travel Couple, LLC has partnered with CardRatings for our coverage of credit card products. Basic Travel Couple, LLC and CardRatings may receive a commission from card issuers.Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.