TruMark Financial's $500 Checking and Savings Bonus for Pennsylvania Residents

If you live in Pennsylvania and you're looking for a solid bank bonus, TruMark Financial has a new offer that could put up to $500 in rewards points in your pocket. The deal combines a checking account bonus with a savings account bonus, and while the savings portion requires a hefty deposit, the checking side is pretty straightforward. Let's break down what you need to know.

What You Get: $300 for Checking, $200 for Savings

TruMark Financial's current promotion is split into two parts. First, the checking bonus: open a new Momentum Checking account and set up qualifying direct deposits totaling at least $1,000 within 90 days. That earns you $300, paid as 30,000 rewards points (though the fine print mentions 25,000 points for the $250 version—the offer has been updated to $300, so points may vary).

The second part is the savings bonus: open a High Yield Savings account within 15 days of your checking account, deposit at least $15,000, and keep that balance for 90 consecutive days. That's worth an extra $200. Combined, you're looking at $500 in rewards points.

One thing to note: the checking bonus requires direct deposits, but the savings bonus does not. So if you can't easily set up direct deposit, you could still earn the $200 savings bonus by itself—though you'd need to open the checking account first to qualify.

• Checking bonus: $300 for $1,000+ in direct deposits within 90 days
• Savings bonus: $200 for $15,000 deposit maintained for 90 days
• Total potential: $500 in rewards points
• Points redeemable through TruMark's rewards portal

The Fine Print: Direct Deposit Rules and Other Conditions

Not all deposits count as qualifying direct deposits. TruMark specifies that payroll, pension, and government benefits made via ACH are eligible. However, peer-to-peer transfers, internal account transfers, mobile check deposits, cash, and wire transfers do not qualify. So if you're planning to use a service like Venmo or PayPal to trigger the bonus, that won't work.

You also need to be a new checking customer—if you've had a TruMark checking account in the past 12 months, you're out of luck. The account must remain open and in good standing when the bonus is paid, which happens roughly 6–8 weeks after you meet the requirements.

The offer is valid through June 30, 2026, but TruMark can change or discontinue it at any time. And remember, bank bonuses are taxable, so you'll need to report the $500 as income.

• Qualifying direct deposits: payroll, pension, government ACH
• Non-qualifying: P2P, internal transfers, mobile deposits, cash, wires
• Must not have had a TruMark checking account in the past 12 months
• Bonus paid 6–8 weeks after requirements met
• Offer expires 6/30/26 but subject to change

Avoiding the Monthly Fee (and Other Costs)

Momentum Checking has a $10 monthly maintenance fee, but it's easy to waive. You just need to meet one of three criteria each month: receive at least $1,000 in electronic deposits, make 15 combined debit and credit card transactions, or be 26 years old or younger. The requirements reset monthly, so you'll need to keep up with them to avoid the fee.

There's also an early account termination fee of $5 if you close the account within 90 days. That's pretty minimal, but it's worth knowing if you plan to close soon after getting the bonus.

On the plus side, you can fund the account with a credit card—up to $2,000. That could help you meet a credit card sign-up bonus, but be aware that some banks treat credit card funding as a cash advance, which may incur fees. Check with your card issuer first.

• $10 monthly fee waived with $1,000+ electronic deposits, 15 debit/credit transactions, or age 26 or under
• $5 early termination fee if closed within 90 days
• Credit card funding up to $2,000 accepted (check for cash advance fees)

Should You Go for It?

This is a solid bonus, especially if you're in Pennsylvania and can meet the requirements. The checking portion is relatively easy—$1,000 in direct deposits over 90 days is manageable for most people with a job. The savings portion is more demanding since it requires a $15,000 deposit, but if you have the cash sitting in a low-yield account, moving it to a High Yield Savings could be a win-win.

One concern is the hard credit pull. Reports are mixed—some say soft, others say hard. If it's a hard pull, you might want to think twice, especially if you're saving your credit inquiries for a big credit card bonus. A hard pull for a $300 checking bonus might not be the best use of that inquiry.

Also, TruMark is a credit union, so you'll need to qualify for membership. They serve select counties in Pennsylvania, so check if you're eligible before applying. If you're not in their service area, you can't get this deal.

• Great for PA residents who can meet direct deposit and savings requirements
• Potential hard credit pull—consider if you have other credit goals
• Membership limited to select PA counties
• Taxes apply on the bonus

Bottom Line

• TruMark Financial offers up to $500 in rewards points: $300 for checking with $1,000+ direct deposits, $200 for savings with $15,000 maintained for 90 days.
• Direct deposits must be payroll, pension, or government ACH; P2P and other transfers don't count.
• Monthly fee of $10 is waived with $1,000+ electronic deposits, 15 debit/credit transactions, or if you're under 26.
• Offer valid through 6/30/26 for checking bonus; subject to change.
• Credit pull is mixed (soft/hard) and ChexSystems sensitivity is unknown.
• Must be a PA resident in select counties and not have had a TruMark checking account in the past 12 months.

Common Questions