Banks are competing fiercely for consumers dollars.
One of the most reliable ways to insure consumers will use a particular bank is to get them to sign up for direct deposit.
Univest Bank is offering $100 for opening a checking account and setting up direct deposit from government or payroll checks.
Be aware that Univest conducts a hard pull of your credit when you apply for a checking account.
To qualify for the bonus:
- You have to setup direct deposit within 90 days of account opening
- Your checking account needs to remain open for at least 12 months or you pay a fee of $20
- Limit of one checking account reward per customer per year
- Current Univest customers with a checking account do not qualify for the bonus.
The $100 bonus will be deposited into your account within 30 days of your initial direct deposit.
Good news: Univest’s “Honestly Free” and “Anytime Online” checking accounts do not have a monthly fee. You can compare these two options here: http://www.univest.net/switch/online_accounts.aspx
You can view the promotion page here:
This offer is similar to the Mango Money Prepaid Card $20 bonus – you get a bonus for setting up direct deposit.
Always check the fine print and fee schedule before signing up for any offer.
Don’t forget to compare the savings rates of Univest to the national best money market rates.