PSECU New Account Bonus Promotion: Up to $250 Cash

I love credit unions.

In fact, my first “bank account” was at a credit union – Teachers Federal Credit Union. I qualified because my mom worked for our school system and that was a way to gain membership.

Back then, we didn’t have a bonus or any enticement. We just walked in, opened a share draft account, and walked out with a piece of paper with our details and a checkbook.

If you’ve been looking at credit unions and want to get one that will give you a bonus, PSECU might be up your alley.

Table of Contents
  1. Who is PSECU?
  2. How to get $250 from PSECU
  3. How Does This Offer Compare?
PSECU Bonus Details

Who is PSECU?

PSECU stands for the Pennsylvania State Employees Credit Union and they are an NCUA insured credit union (NCUA #64131) that was founded in 1934. Having gone to college in Pittsburgh, I’m familiar with the working class culture that is much of Pennsylvania and their founding story resonates with that history.

It was founded by 22 state workers looking for a better way to bank and so they formed a credit union in 1934. Since then, they’ve grown to more than half a million members and included more groups than state employees.

If you’re wondering how you can qualify without being in one of the groups, anyone outside of Pennsylvania can qualify when they join the Pennsylvania Recreation and Park Society (PRPS). PSECU will even cover the $20 dues for joining and it’s part of their onboarding process. You don’t have to get the membership separately.

How to get $250 from PSECU

The PSECU $250 bonus promotion is really easy to get.

All you have to do is:

  1. Join PSECU by clicking this link to visit the site and joining them using the promo code UPTO250PROMO
  2. Once you’ve joined, add a free checking account ($5 minimum deposit) with a debit card and digital banking within 90 days to get the $100 bonus
  3. Then, within 90 days of membership, establish a qualifying direct deposit that totals at least $200 to get an additional $150.

👉 Learn more about this offer

(Offer expires 12/31/2022)

How Does This Offer Compare?

We don’t often share many credit union bonuses because the membership requirements can be difficult to meet. However, PSECU makes it easy to join because they automatically get you membership into a qualifying group (PRPS). So in that regard, it’s no different than opening a bank account at a commercial bank.

As for the bonus terms, it’s great (especially compared to other credit union bonuses). It’s tiered so you get $100 just for opening an account an additional $150 when you establish a qualifying direct deposit of just $200.

See for yourself, here are some of the more popular bank bonuses right now:

⭐Citi Priority Account – up to $2000

Citi Priority is offering up to $2000 bonus when you open an account by 1/9/2023. Then, within 20 days of opening your account, deposit at least $10,000 in New-to-Citi® funds and keep it there for 60 days after the 21st day. The bonus amount is based on how much you can transfer but the lowest tier starts at $10,000.

👉 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 WH922 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 – $100 Bonus Offer

Bank of America offers a $100 Bonus Offer cash bonus if you open a new account and set up and receive qualifying direct deposits totaling $1,000 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® – $200

Chase Bank will give you $200 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!

👉 Click here to learn more

Huntington Bank – up to $300

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 $300 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

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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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