FREE Money Alert: Get $50 from this Credit Union

It’s a free money alert! This one comes from Christian Community Credit Union and they are offering $50 if you open a free checking account with them. There is no expiration date listed on this deal, so it could end at any time.

You guys know I love bank bonuses and this one looks pretty easy. There doesn’t appear to be any limitations to who may open an account. Be sure to keep track of any bank bonuses you receive throughout the year because they must be claimed as interest income on your taxes.

Here are a few of the specifics:

• $100 minimum opening deposit
• You must set up direct deposit within the first 60 days
• There are no checking account fees so long as you set up direct deposit or maintain a $750 balance

The $50 bonus will be deposited within 30 days of the bank receiving your first direct deposit. You are free to close the account or leave it open after receiving your bonus. You can, of course, also withdraw your initial deposit.

Tip: You can direct deposit a number of things besides your regular paycheck. I like to keep my paycheck going to my primary bank account, but for bank bonuses I use other sources of income to fund it. Try to think of other places that you get monthly income. Do you get a social security check? Insurance check? Second job income? Mystery shopping payouts?  A number of the “paid-to-email” sites also offer direct deposit.

Good luck Penny Hoarders!