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 JOIN200 and must have direct deposit set-up totaling $500 or more per month within the first 60 days of 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 expiration 10/31/2023)

GTE Financial – $100 No Direct Deposit Offer [EXPIRED]

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. We will update this if they bring this no direct deposit offer back.

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:

BMO Relationship Checking – $400

BMO Bank is offering a $400 bonus* when you open a BMO Relationship Checking and when you have at least $7,500 in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.

*Conditions apply

👉 Click here to learn more


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 WH124 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.

👉 Click here to learn more


Bank of America – $200 Bonus Offer

Bank of America offers a $200 Bonus Offer cash bonus if you open a new account and Set up and receive qualifying direct deposits totaling $2,000 or more into that account within 90 days of account opening. It has a monthly fee that is easy to have waived.

👉 Click here to learn more


Chase Total Checking® – $300

Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more 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!

👉 Click here to learn more


HSBC Premier Checking – up to $4,000

HSBC has an offer where you can get up to $4,000 for eligible new customers who open an HSBC Premier checking account, make a sizable deposit, and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months.

👉 Click here to learn more

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About Jim Wang

Jim Wang is a forty-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.

>> Read more articles by Jim

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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