Citadel Credit Union Announces $300 Bonus for New Checking Accounts
EXTON, Pa., February 1, 2021— To kick off a new year of building financial strength, Citadel Credit Union announced a $300 bonus when new checking members open a checking account.* This offer is a limited-time promotion that will last through March 20, 2021. Eligible new checking members can open one of two account options – Citadel’s Cashback Rewards Checking or Free Checking.
It's simple to receive the $300, and members can open their account online. There are two straightforward steps:
- Open ANY Citadel Checking Account
- Set up a qualifying direct deposit.†† Once the requirements are met, each eligible new member will receive a direct deposit into their new checking account.
Either one of Citadel’s checking account options are eligible for this limited-time offer.
Compare Checking Accounts:
|Feature||Cashback Rewards Checking||Free Checking|
|1% Cash Back on Purchases||Earn up to $120 every year**||N/A|
|Transactions at Citadel ATMs||Free||Free
|Real-time Account Alerts||Free||Free
|Mobile Deposit & Digital Wallets||Free
|External Transfer to/from other Financial Institutions||Free
|Online Budgeting Tools||Free
|Transactions at Non-Citadel ATMs||Free†
Withdrawal: $3 | Balance Inquiry: $1
|Automatic Overdraft Transfers†††||Free
|Monthly Service Charge||$10, waived with $1,000 in qualifying Direct Deposit(s)†† per month**||$0^
To help new members determine which checking account makes the most sense, Citadel offers a free Checking Quiz.
“At Citadel Credit Union, we seek to help our members build their financial strength, so we wanted to kick off 2021 with a special incentive for those looking to open one of our great checking account options for the first time,” said Philip Faris, Senior Vice President, Citadel. “As a not-for-profit, member-owned credit union, creating a rewarding, digitally-optimized banking experience is a top priority. This is another way we’re hoping to provide the tools and products people need to build a brighter future.”
In addition to being able to easily open online, members can also schedule an appointment with a member of Citadel’s branch staff or call Citadel’s Contact Center at (800) 666-0191. To learn more about Citadel’s checking account bonus, visit CitadelBanking.com/300.
Citadel Credit Union is a not-for-profit, member-owned financial institution that provides banking, investments, and insurance services to more than 217,000 members. At over $4 billion in assets, it is one of the Greater Philadelphia area’s largest credit unions, proudly serving residents of Bucks, Chester, Delaware, Lancaster, Montgomery, and Philadelphia counties. Citadel is recognized as a Forbes 2020 Best-in-State Credit Union and ranked first in the 2020 Callahan & Associates Return of the Member scoring index among all credit unions in Pennsylvania. In addition, Citadel has been named one of the best performing credit unions in the nation by SNL Financial. For more information, visit CitadelBanking.com.
Open a Citadel checking account today!Learn More
*Checking Accounts Disclosures
All Citadel Checking Accounts:
† ATM transactions at non-Citadel ATMs may be subject to a surcharge from the ATM owner. For a list of ATMs with no surcharge, visit Citadelbanking.com/atm.
†† A qualifying direct deposit is defined as a recurring direct deposit of payroll, pension, Social Security, Government benefits, or other regular monthly income, electronically deposited into the account. Internal or external transfers from one account to another, mobile deposits, and deposits made at a banking location, ATM, or through Online and Mobile Banking do not qualify as a direct deposit.
††† Citadel offers several overdraft protection options, including Courtesy Pay and automatic transfers from a Citadel savings or loan account. Please contact us to discuss the best overdraft protection options for you.
An overdraft occurs when the available balance in your account is not sufficient to cover a transaction. Citadel offers several options for you to avoid the potential embarrassment and extra expenses caused by a bounced check or insufficient funds. These include:
- Transferring funds from a Citadel Savings and/or Money Market Account
- Advancing funds from a Citadel Personal Line of Credit
- Courtesy Pay
As a Citadel member, if you have a checking account and qualify, you will automatically be enrolled in Courtesy Pay when you open your account. If you wish to use one of the other options, which may be free or less expensive than Courtesy Pay, you can sign up at any time. To learn more, please ask a Citadel Representative. For a complete list of fees associated with overdrafts, please refer to Citadel’s fee schedule.
This notice refers to our Courtesy Pay program:
Citadel offers Courtesy Pay for its members and may pay overdrafts for the following types of transactions:
- ACH withdrawals
- Bill Payer payments
- Recurring debit card transactions (e.g., monthly payments debited from your account)
We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not pay an overdraft, your transaction will be declined and not paid.
If you want to use Courtesy Pay to pay overdrafts for one time, everyday debit card transactions (e.g. Starbucks®, Home Depot®, grocery stores, gas stations, etc.), you must opt in and give us your permission. You can opt in by:
- Completing the opt-in form in Online and Mobile Banking by selecting 'Courtesy Pay' under 'Accounts' in the main menu.
- Visiting any Citadel Branch
- Calling Citadel toll free at (800)-666-0191
You cannot use Courtesy Pay to pay for overdrafts on ATM withdrawals.
When you use Courtesy Pay, we will charge you a fee of $33 each time we pay an overdraft. There is no limit on the amount of total fees we can charge you for overdrafting your account. Any fees charged will count against your Courtesy Pay limit. For information on Citadel's check clearing policies, please contact us at (800)-666-0191. You can opt out of Courtesy Pay at any time. Please visit any branch, or contact us at the toll free number above.
^A $5 monthly inactivity fee will apply if there is no activity on any Citadel account for one year – this fee is waived if combined balance of all deposit accounts is $500 or more. Fee does not apply to primary account holders less than 13 years of age. Inactivity is defined as a 365-day period during which there were no customer-initiated transactions on any Citadel account.
All standard account requirements apply. Information accurate as of and subject to change without notice. Offers may be modified or withdrawn at any time. Fees may reduce earnings.
*$300 New Account Cash Bonus (Cashback Rewards and Free Checking Accounts):
Open a new checking account and earn a $300 cash bonus deposit for qualifying direct deposit(s) totaling $500 or more posting to the new checking account within 60 days of account opening. A qualifying direct deposit is defined as a recurring electronic deposit into checking account of payroll, pension, Social Security, government benefits, or other eligible regular monthly income.
Promotional code must be applied at the time of account opening to receive the incentive offer(s), given all requirements above are met. Checking account must be open for 60 days before checking bonus will be awarded. Bonus deposit(s) will be automatically deposited into your Citadel Checking Account if the account is in good standing at time of incentive processing. Bonuses may be reported on a 1099-INT.
New Account Cash Bonus offer available to qualified new checking customers only. Customer must not have closed a Citadel Checking Account within the last 12 months and/or previously received a checking new account bonus. Limit one offer per household per lifetime. Offer may not be combined with any other new account offer. New Account Cash Bonus offer expires March 20, 2021 and may be modified or withdrawn at any time.
**Earn up to an Additional $120 with Citadel’s Cashback Rewards Checking:
To earn Cashback Rewards and avoid $10 monthly service fee, one of the following criteria must be met: Receive monthly qualifying direct deposit(s), as previously defined, totaling $1,000 or more OR maintain average daily balance of $5,000 in your Cashback Rewards Checking Account. Account must be active and in good standing in order to receive Cashback Rewards Checking offers. Not available for business accounts or public funds.
Earn Up to $120 in Cashback Rewards Annually:
When Cashback Rewards transaction requirements are met, earn 1% cash back on Citadel debit and/or credit card purchases that post to your account each statement cycle from Citadel debit and/or credit cards linked to your Citadel Cashback Rewards Checking Account. Maximum Cashback Rewards: $10 per month. Cashback Rewards will be calculated at month end on net purchases (purchases minus any credit or returns). Available Cashback Rewards may be redeemed at any time during the year through Online and Mobile Banking or by contacting Citadel. Earned Cashback Rewards can only be deposited to your Cashback Rewards Checking Account. For full Cashback Rewards program details and disclosures, visit CitadelBanking.com/CashbackChecking
Additional Account Information:
The Cashback Rewards Checking Account is not available for business accounts or public funds. Limit 5 Cashback Rewards Checking accounts per member. Cashback Rewards Program may be modified or withdrawn at any time.
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