Score $300 with WSECU's Cash Back Checking Bonus – Here's What You Need to Know

If you live, work, or worship in Washington state, WSECU has a solid $300 checking bonus waiting for you. It's not the flashiest offer out there, but the requirements are straightforward and there are no monthly fees to eat into your earnings. Let's break down exactly what you need to do to pocket that cash.

What You Need to Do for the $300

First, you have to become a WSECU member if you aren't already. That's easy if you meet the eligibility criteria – basically anyone connected to Washington state or certain universities. Once you're a member, you have 14 days to open a Cash Back Checking account.

Then comes the fun part: set up a direct deposit of at least $1,000 each month. You'll also need to use your debit card 15 times within the first 90 days. That's about five swipes a month – coffee runs, groceries, gas – it adds up fast.

One thing to note: the bonus is taxable. The IRS considers it interest income, so you'll get a 1099-INT at tax time. Still, $300 is $300.

• Open Cash Back Checking within 14 days of membership
• Receive $1,000+ in direct deposits monthly
• Make 15 debit card transactions in first 90 days
• Use promo code at application (check offer page for code)

Watch Out for ChexSystems – This One's Picky

Here's the catch: WSECU is known to be sensitive about ChexSystems. That's the database banks use to check if you've had bounced checks or unpaid fees elsewhere. If your ChexSystems report isn't spotless, you might get denied.

They do a soft pull on your credit, so no worries about your credit score. But the ChexSystems check can be a hurdle. If you've had issues in the past, you might want to skip this one or call to ask before applying.

Also, I couldn't find a clear early account termination fee. So if you close the account too soon, there might be a penalty. Best to keep it open for at least six months to be safe.

• Soft credit pull – no impact on your credit score
• ChexSystems sensitive – clean record recommended
• No monthly fees, but early closure fee unknown

Is It Worth It?

For Washingtonians who can meet the requirements, absolutely. $300 for a few minutes of setup and some regular use is a great return. Just be prepared for the ChexSystems check and make sure you can handle the direct deposit and debit card requirements.

If you're new to bank bonuses, this is a good one to start with – no monthly fees, low direct deposit threshold, and a decent payout. Just don't forget to use your promo code when you apply.

Bottom Line

• $300 bonus for new WSECU members in WA
• Requires $1k+ direct deposit monthly and 15 debit swipes in 90 days
• Soft pull on credit, but ChexSystems sensitive
• No monthly fees; early termination fee unknown

Common Questions