Offer value details
First Commonwealth lists a $400 bonus for eligible new members who open Cashback Checking and a Regular Share savings account together using code EARN400.
Qualification requirements
Open an approved Cashback Checking account and Regular Share savings account on the same day by August 31, 2026, fund the required membership share with $5, use code EARN400, and enroll in Digital Banking. Receive at least $1,000 in qualifying direct deposits each month for two consecutive months and complete the requirements within 90 days. Checks, cash, internal transfers, and person-to-person payments do not count. First Commonwealth says the bonus is deposited approximately 30 days after qualification, within the first two weeks of the month.
Fees and costs
Cashback Checking has no monthly maintenance fee. The current fee schedule lists a $3 paper-statement fee unless an exemption applies, a $20 early account closure fee within 90 days, up to four $25 Courtesy Pay fees per day, a $25 nonsufficient-funds or returned-item fee, and other service fees. Enrolling in eStatements avoids the paper-statement fee and is required for the higher ongoing rewards tiers.
Availability
Credit-union membership and account approval are required. First Commonwealth lists membership through designated Pennsylvania and New Jersey service areas, participating employers and eligible family members, immediate family of current members, or American Consumer Council eligibility for qualifying Pennsylvania and New Jersey consumers. A $5 Regular Share savings deposit establishes membership. Deposits are federally insured by NCUA.
What to verify
- The $1,000 qualifying direct-deposit threshold must be met in each of two consecutive months within the 90-day completion window.
- Membership is limited to eligible applicants and requires a $5 Regular Share savings deposit plus account approval.
- Code EARN400 and Digital Banking enrollment are required, and the account must remain open, active, and in good standing through payout.
- A $3 paper-statement fee may apply, and the current fee schedule lists a $20 early closure fee within 90 days plus other service fees.
- The bonus may be reported on IRS Form 1099-INT or another applicable tax form.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.