Replace 11/22/25: Bonus now $200 however requires direct deposit or ACH. 

Replace 3/16/24: That is now referred to as Monterra Credit score Union. B0nus is now $150. Hat tip to Davis

Replace 10/3/23: Prolonged by December 31, 2023. 

Replace 7/4/23: Prolonged by September 30, 2023. 

Replace 1/12/23: Prolonged by March 31, 2023. 

Replace 11/13/22: Deal is again and legitimate till December 31, 2022.

Replace 10/27/21: Deal is again and legitimate till October 30, 2021. In department solely this time. Hat tip to arizonapv

Provide at a look

• Most bonus quantity: $100
• Availability: You’re eligible for membership in SMCU when you reside, work, worship, or attend faculty in San Mateo County, the Metropolis of Palo Alto, or sure areas of San Francisco
• Direct deposit required: Sure, $500+
• Extra necessities: 10 or extra debit card transactions totaling $100+ within the first full calendar month
• Exhausting/gentle pull: Seems to be gentle, onerous pull in department
• ChexSystems: Unknown
• Bank card funding: As much as $500
• Month-to-month charges: None
• Early account termination price: Unknown
• Family restrict: One per mailing deal with
• Expiration date: Could thirty first, 2019 December 31, 2022

The Provide

Direct hyperlink to supply

• Open a brand new checking account with San Mateo Credit score Union and obtain a bonus of $150 while you meet the next necessities:
  • Make ten (10) or extra debit or bank card purchase2 transactions 
  • Have a minimum of one month-to-month direct deposit, payroll deposit, or ACH switch
  • Enroll in and choose to obtain eStatements

The Nice Print

• Open a brand new San Mateo Credit score Union (SMCU) Premium or Free Checking account (no different account sorts are eligible) from 4/1/19 – 5/31/19.
• Through the full calendar month instantly following the month wherein the account is opened, provoke 10 or extra PIN or Signature-based purchases or funds for a minimum of $100 in spend utilizing the SMCU debit card(s) related to the brand new checking account.
• ATM and ACH transactions usually are not eligible.
• Provide isn’t accessible for present SMCU members who’ve an open checking account as of three/31/19. SMCU workers, associates, and their households usually are not eligible
• Restrict of 1 bonus-eligible checking account per particular person and per mailing deal with.
• Money bonus for the month will probably be paid to the open, eligible checking account inside 31 days after the qualification interval ends. The account will need to have a optimistic stability on the time of payout to obtain the bonus.
• SMCU will classify the bonus as curiosity paid to the checking account the place the bonus is credited. Any relevant taxes related to the bonus are the accountability of the SMCU account holder. To the extent required by regulation, SMCU will report the whole worth of this bonus to the IRS on Kind 1099-INT for the tax 12 months wherein the bonus was paid.
• Within the case of a joint account, purchases and funds from a number of debit playing cards will probably be added collectively.

Avoiding Charges

Month-to-month Charges

They provide a free checking account with no month-to-month price to fret about

Early Account Termination Price

I wasn’t capable of finding a price schedule so I’m uncertain if an early account termination price is charged or not.

Our Verdict

San Mateo has beforehand provided a $150 bonus however that required a complete of 75 debit card transactions to be made. Regardless of this provide being smaller I do assume it’s higher than the earlier provide. As a result of the necessities for this bonus are straightforward to fulfill and there’s no month-to-month price to fret about, we will probably be including this to our record of the greatest checking bonuses.

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