Take advantage of our latest updates on ALEC bonuses, promotions, and offers here.
Currently, they are offering a $150 bonus when you open a new checking account.
ALEC Bonuses Review
With ALEC they are owned by the individuals they serve. Plus, they offer lower loan rates, higher rates for savings, and less fees included. ALEC is a not-for-profit financial institute that returns the left over money back to their members.
- Promotion Links:
- $150 Checking Bonus (No expiration date)
- Account Type: Checking Account
- Availability: IL
- Branches: 17 (Bank Locator)
- Credit Inquiry: Soft Pull or Hard Pull? Let us know.
- Direct Deposit Options: Optional
If you want to find other generous promotions, our list of Savings, Money Market, and CD Rates has some that are worth checking out.
Use our bank bonuses page to find other offers if you are not eligible for this one. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
I’ll review the ALEC bonuses below.
ALEC $150 Checking Bonus
Earn this great bonus offer when you open an eligible checking account. Then, you must meet all of their requirements to get this offer.
- What you’ll get: $150 Bonus
- Eligible account: Rewards Checking Account
- Credit inquiry: Soft Pull or Hard Pull? Let us know
- Where it’s available: IL
- How to earn it:
- Open a Rewards Checking account
- Make a monthly direct deposit of $500
- Sign up for eStatements
- When you’ll receive it: The bonus will be deposited into your account 90 days after account opening.
- Monthly fee: There are no monthly fees with this account.
(No expiration date)
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($300 Bonus Offer) | SoFi Checking & Savings Account ($325 bonus) |
How to Earn the $150 Bonus
- Open a Rewards Checking account
- Make a monthly direct deposit of $500
- Sign up for eStatements
- Overdraft Transfer linked to your savings
- Free box of checks per year
- 10 free non-ALEC ATM transactions a month
- Free traveler’s checks
- American Express gift checks free
- Personalized debit card
- Online and mobile banking
- Bill pay
- There is a monthly fee of $5 if you don’t meet the requirements.
- Offer is not valid for members who sign up prior to August 1, 2020.
- Memberships will be reviewed after 90 days at a time.
- Bonus is considered interest and will be reported on IRS Form 1099-INT or Form 1942-S.
- Promotion is subject to change or terminate at any given time.
- Only one new member incentive per membership.
- Cannot be combined with other new member incentives.
- Membership eligibility requirements have to be met to join ALEC.
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Conclusion
Overall, when you open a new account with ALEC, you’ll be able to earn this great offer. Plus, there are many great features that comes with this account as well. However, if you don’t reside in Illinois, check out other bonuses below.
Feel free to comment on this post with any questions you may have about ALEC, their accounts they offer, or coupon codes.
Check back often for more ALEC Bonuses, Promotions, or Offers!
