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$100 Checking Bonus In Massachusetts

If you live in the Springfield, Mass., area and are in search of a checking account, you can get a $100 bonus for opening a new account at Holyoke Credit Union.

But you’ll have to set up direct deposit for your paycheck or Social Security check.

While the credit union offers two checking accounts, your best option is HCU Free Checking. Simply open the fee-free account and have your paycheck, retirement check or Social Security check direct-deposited each month.

You’ll receive an extra $100 in your account as soon as your first direct deposit lands in your account.

It takes a $10 minimum deposit to open an HCU Free Checking account. There is no minimum balance requirement. However, you must keep the account open for at least a year, or you’ll forfeit your bonus.

Holyoke Credit Union also offers the HCU NOW checking account, but it’s not worth your trouble.

You’ll still get the $100 bonus for opening an account, but the measly 0.01% APY you’ll earn in interest won’t offset the hoops you have to jump through.

The NOW account requires a recurring direct deposit or a minimum daily balance of $1,000, or else you’ll pay a $7 monthly fee. You also need to keep direct deposit in place for a year to receive the bonus, plus make at least six debit card purchases per month and make at least one monthly online bill pay.

Anyone who lives or works in Hampden or Hampshire counties in Massachusetts is eligible to join Holyoke Credit Union. You only need to buy a refundable membership share for $25 to join.

For more information, visit www.holyokecu.com or call 413-532-7007.

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