GTE Financial Promotions – $200 for New Accounts

GTE Federal Credit Union, which operates as GTE Financial, is a credit union founded in 1935 and currently headquartered in Tampa, Florida. They primarily have branches in the Tampa- St. Petersburg area and insured by NCUA under charter number 196.

As is required by all credit unions, membership is “limited” but there are ways to become a member even if you don't live near one of their locations in Florida.

The easiest way to become eligible to join GTE Financial is by joining the CU Savers Club. CU Savers Club is a non-profit financial education club that costs just $10 to join. When you join CU Savers Club, you are entitled to become a member of GTE Financial.

GTE Financial – $200

GTE Financial has $200 cash bonus offer when you open a new checking account with promo code GREEN2021 and receive a total of $1,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening.

As is the case with these types of offers, the direct deposit must be from an employer or government agency. You can't transfer funds from another account.

There is an early account closure fee if $25 if your balance drops below $25 or you close the account within 180 days.

WARNING: This credit union is known to use a hard inquiry on your credit report when you open an account. This can have an adverse affect on your credit score.

Get $200 from GTE Financial
(Offer expires not listed)

GTE Financial – $100 No Direct Deposit Offer

Previously, GTE Financial had a $100 checking bonus offer that had no direct deposit requirement. For that offer, you just needed to open a new checking account using the promotion code GTE100 and then enroll and login to online banking by the end of the month of your new account.

This offer expired on 9/30/2021 and we're not sure when it will return. You can still see the promotional page here. We will update this if they bring this no direct deposit offer back.

Details of the $100 no direct deposit offer, which expires on 9/30/2021

How Does This Compare?

The offer is good – $200 with a relatively easy direct deposit requirement is solid.

The only downside is that they're known to use a hard inquiry when opening an account. If you are planning on getting a loan anytime soon, you'll want to avoid this as getting a few bucks now and then paying more in interest (from a lower credit score) makes no sense.

As for other banks, here are a few of the offers we like:

Wells Fargo – $200

Wells Fargo has a nationwide promotion of $200 for a new checking account when you open a new checking account with at least $25 and receive a total of $1,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening.

You can learn more about the Wells Fargo promotions to see how to get it.

Discover Online Savings Account – $150 or $200

Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH21 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.

Chase Total Checking® – $225

Chase Bank will give you $225 when you open a Total Checking account and set up direct deposit within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!

HSBC Premier Checking – $450

HSBC has an offer where you can get $450 for eligible new customers who open an HSBC Premier checking account and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months. Click here to learn more about this offer.

Huntington Bank – up to $500

If you are a resident of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin then you could get up to $500 from Huntington Bank for opening a new checking account. There are several checking accounts that qualify but they're great offers if you live in their geographic region. Click here to learn more about Huntington Bank offers.

Axos Bank – $100

Axos Bank has a great promotion where you can get $100 when you open a Rewards Checking Account using promotion code HOLIDAYS. Then, complete direct deposit(s) totaling at least $1,500 within the first 60 days.

Click here to see how you can get $100 from Axos Bank.

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About Jim Wang

Jim Wang is a thirty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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