Snag a $200 Bonus with Premier America's Checking Account (CA & TX Only)

Hey there! If you're in California or Texas and looking to give your finances a little boost, there's a solid checking account bonus on the table right now. Premier America Credit Union, a well-established institution, is dangling a $200 carrot for new members. It's not the most complicated bonus to earn, but like all these offers, you've got to follow the rules to the letter. Let's break down exactly what you need to do to get that cash and what you should keep in mind before you apply.

Is This Bonus Worth the Effort?

For $200, the requirements are fairly standard and manageable. The direct deposit minimum of $250 is on the lower end, which is nice. The 10 card transactions are easy to knock out—think of using it for coffee, gas, or a few small grocery runs. Just remember, these need to be actual purchases where you swipe your card or use a digital wallet; ATM withdrawals or transfers don't count.

One of the best features here is the lack of a monthly maintenance fee for the Premier Plus account. Many banks use fees to claw back bonus value, but that's not a concern with this offer. There's also no early account closure fee, giving you flexibility later on.

The Fine Print You Can't Ignore

This is where most people trip up. The offer has specific boundaries you need to respect.

• **Geography Matters:** You must live in California or Texas. They'll verify your address.
• **New Money Only:** If you already have a checking account with Premier America, you're not eligible. This is strictly for new checking relationships.
• **Taxable Income:** That $200 isn't free money in the eyes of the IRS. Premier America will send you a 1099 form, so you'll need to report it as income when you file your taxes.
• **Timing is Everything:** All three requirements—the direct deposit, eStatements sign-up, and 10 transactions—must be completed within the first 60 days of opening the account. Mark your calendar!
• **The Direct Deposit Question:** Make sure your employer's payroll or a qualifying government payment qualifies as an ACH direct deposit. Some banks are picky, and transfers from other banks or payment apps like PayPal sometimes don't count.

A Quick Look at Premier America

Before you join any financial institution for a bonus, it's good to know who they are. Premier America Credit Union has been around since 1957 and is based in Chatsworth, California. As a credit union, it's member-owned, which can sometimes mean better rates or lower fees compared to big banks. They have a network of branches in CA and TX, but as with most modern banking, you can handle a lot online.

Since they're a credit union, you'll need to become a member to get this account. This usually just means opening a small savings account (often called a "share" account) with a minimal deposit, which is typically bundled into the checking account opening process.

Your Action Plan to Get the $200

Ready to go for it? Here's a step-by-step approach to make sure you cross the finish line.

• **Apply Online or In-Branch:** Start your application through their official promotions page. Have your ID and Social Security Number ready.
• **Fund the Account:** You'll need to make an initial deposit to open it. Check the application for the minimum amount.
• **Immediate Setup:** The moment your account is active, opt into eStatements. Don't put this off!
• **Plan Your Spend:** Figure out how you'll make those 10 card purchases. Set a reminder to complete them well before the 60-day deadline.
• **Arrange Your Deposit:** Coordinate with your payroll department to switch over a direct deposit of at least $250. This is often the step that takes the longest, so start early.
• **Wait and Verify:** The bonus will be split into two $100 payments and deposited on the 61st day after you open the account, provided everything is in order. Keep an eye on your account statement.

Bottom Line

• A $200 bonus for moderate requirements makes this a worthwhile offer for eligible residents.
• The lack of a monthly fee is a significant plus, preserving the bonus's full value.
• Success hinges on meticulously meeting all three requirements within the 60-day window.
• Remember, the bonus is taxable income, so plan for that at tax time.

Common Questions