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Add $200 to your Stimulus Check by opening a New Checking Account (Offer Expired)

Disclosure: Basic Travel Couple, LLC has partnered with CardRatings for our coverage of credit card products. Basic Travel Couple, LLC and CardRatings and MileValue may receive a commission from card issuers. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

Note: Some of the offers mentioned below may have changed or are no longer available. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. You can view our current offers here.

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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Basic Offer

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.

Photo from PenFed Website for $200 Bonus

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!

Basic Breakdown

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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Editorial Disclaimer: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

Disclosure: Basic Travel Couple, LLC has partnered with CardRatings for our coverage of credit card products. Basic Travel Couple, LLC and CardRatings and MileValue may receive a commission from card issuers. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

The comments section below responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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