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PSECU Promotions: $250 Checking Account Bonus

Everything you need to know about PSECU promotions; how to qualify, when the offers expire, how current promotions compare to previous bonuses, and more!

Currently, they’re offering a $100 and a $250 bonus for opening a checking account and completing qualified direct deposits.

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, and Axos Bank.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

About PSECU Promotions

PSECU stands for Pennsylvania State Employees Credit Union with over 550,000 members and $7.5 billion in assets. It’s the largest credit union in Pennsylvania.

Free PSECU membership is open to 1) those who reside, worship, work, or attend school in Medina or Cuyahoga counties; 2) immediate family of current PSECU members; 3) employees or members of any of the 200 SEGs

If you don’t meet one of the above criteria, you can join the Pennsylvania Recreation and Park Society (PRPS) through PSECU to gain PSECU membership. PRPS membership is a one-time fee of $20, but PSECU will cover $10 when you open your account online.

PSECU will take care of your PRPS membership registration as part of your PSECU membership application. You don’t need to renew your PRPS membership to maintain your PSECU membership.

Offer 1: PSECU $250 Checking Bonus

Get up to a $250 bonus when you join PSECU and meet the direct deposit requirements of the offer.

How To Earn Welcome Bonus:

  1. Become a PSECU member by using this link and entering promo code UPTO250PROMO (code is automatically added by clicking the link).
  2. Open a free checking account with a debit card + digital banking access to get a $100 bonus.
  3. Receive an additional $150 bonus when you establish qualifying direct deposit(s) that together total $200 or more within a single calendar month, recurring monthly, within 90 days of establishing membership.
PSECU $250 Checking Bonus
(Image from PSECU)

Bonus Offer Details:

Availability: Nationwide
Expiration: 12/31/22
Household Limit: None
Direct Deposit Required: Yes, $200+
Soft/Hard Pull: Hard
Early Account Termination Fee: Must keep the account open for 12 months or bonus will be forfeited

PSECU $250 Bonus Terms & Conditions:

  • Participant must be a U.S. resident.
  • Promotion open to persons 18 years of age or older at the time the account is opened. Limit (1) new member incentive bonus per tax identification number used to open a new account per rolling 12-month period. PSECU will only pay one new member incentive bonus per tax identification number per rolling 12-month period. This is a one-time offer available to new members only, who have not previously been a PSECU member within the last 12 months.
  • The recipient of the bonus 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.

$100 Checking Bonus Rules

You must sign up with a promotional code and be approved for a checking account, a PSECU debit card, and digital banking (online or mobile) account access within 90 days of establishing membership.

$150 Direct Deposit Bonus Rules

You must sign up with a promotional code; be approved for checking, debit card, and digital banking (online or mobile); and establish one or more qualifying payroll direct deposit(s) that together total $200 per calendar month, recurring monthly, within 90 days of establishing membership. Qualifying payroll direct deposits are defined as paychecks, Social Security payments, and pension payments.

Offer 2: PSECU $250 Referral Bonus

Earn a $250 bonus when you use a referral link to sign up for a PSECU checking account and make qualifying direct deposits. The person who referred you will also receive a $50 referral bonus at no cost to you.

This is essentially the same bonus as the first offer, but provides a $50 referral bonus to the person who referred you.

How To Earn Referral Bonus:

  1. Join PSECU as a new member by using an existing member’s referral link.
  2. Open a checking account with a PSECU debit card and online/mobile banking access to receive an initial $100 bonus.
  3. Get an additional $150 bonus when you establish qualifying direct deposit(s) that total $200 or more within a single calendar month, recurring monthly, within 90 days of establishing membership.

Referral Offer Details:

Availability: Nationwide
Expiration: 12/31/22
Household Limit: None
Direct Deposit Required: Yes, $200+
Soft/Hard Pull: Hard
Early Account Termination Fee: Must keep the account open for 12 months or bonus will be forfeited

PSECU Referral Offer Terms & Conditions:

  • PSECU is running a member incentive bonus thru 12/31/22.
  • To receive up to $250, members must satisfy each of the requirements listed below. PSECU will deposit member incentive bonus into the Regular share within 45 days after the requirements are satisfied.
  • $5 is required to open and maintain a Regular share account. This $5 share deposit is also required to be eligible to receive the $250.
  • 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.
  • See complete terms and conditions at http://go.psecu.com/up/refer

$100 Checking Bonus Rules

You must sign up with a promotional code and be approved for a checking account, a PSECU debit card, and digital banking (online or mobile) account access within 90 days of establishing membership.

$150 Direct Deposit Bonus Rules

You must sign up with a promotional code; be approved for checking, debit card, and digital banking (online or mobile); and establish one or more qualifying payroll direct deposit(s) that together total $200 per calendar month, recurring monthly, within 90 days of establishing membership. Qualifying payroll direct deposits are defined as paychecks, Social Security payments, and pension payments.

The Bottom Line

Good offer with low direct deposit requirements, but just be aware that this is a hard pull on your credit report. This is less of an issue now considering how restrictive credit card issuers have become with applying for multiple credit cards.

I’d recommend pulling the trigger on this deal, unless you’re planning to apply for a loan soon and have too many recent credit inquiries.

These PSECU promotions will be added to the list of the best bank account welcome bonuses.

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