Tag: direct deposit required

[PA only] Ardent Credit Union $700 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $700

Availability: PA only. Must live, work or worship in Philadelphia, Bucks, Chester, Delaware and Montgomery

Direct deposit required: Yes, $100+ per month

Additional requirements: See below

Hard/soft pull: Soft pull

ChexSystems: Unknown, not sensitive

Credit card funding: Up to $500

Monthly fees: None listed

Early account termination fee: None listed

Household limit: None listed

Expiration date: June 30, 2024

The Offer

Direct link to offer

Ardent Credit Union is offering a checking bonus of up to $700. Bonus is broken down as follows:

Log into eBanking to earn $50

Enroll your debit card in your mobile wallet to earn

Get 7.50% cash back per month, up to $50 cash back per month (for the first 12 months) when the following requirements are met:

Get qualifying recurring direct deposits totaling $100 or more

Receive eStatements

Make 8 debit card transactions

The Fine Print

Offer valid only on Cashback Checking accounts opened between February 6, 2024 and June 30, 2024.

The monthly bonus is available for 12 consecutive months for new accountholders who qualify.

However, this offer may end at any time.

New checking accountholders only.

A checking accountholder is considered new if they have not been primary or secondary owner on an Ardent checking account in the last 12 months.

Must meet membership eligibility of living, working, worshipping, volunteering or attending school in Bucks, Chester, Delaware, Montgomery or Philadelphia Counties. Relatives and household members of current Ardent members may also be eligible.

Visit ardentcu.org/join for more details.

Promotion Code (CK700) must be entered at new account opening to be eligible for this offer and cannot be added to an account at a later date. Ardent Credit Union reserves the right to determine in its sole discretion that an account is ineligible for the promotion because the activity on the account was limited to only the actions needed to qualify for the bonus.

A qualifying account must be funded, remain open and in good standing to receive the bonus.

Qualifying accounts earn the standard 1.50% cash back (up to $10 per month) on net debit card purchases.

This offer adds a monthly cash back bonus, which is an additional 6.00% cash back on net debit card purchases.

For example, $100 of debit card purchases would result in $1.50 in standard cash back for a qualifying account.

The cash back bonus on $100 would be 6.00% of $100, which equals $6.00.

In total, the account would earn $7.50 ($1.50 standard cash back + $6.00 cash back bonus) for the month, which is 7.50% cash back. The standard cash back will appear at the start of the next month.

The cash back bonus will appear within 3 business days after the start of the month.

This is a 12 month promotion.

Month one is the account opening month and it continues for the next 11 months.

For example, an account opened March 15, 2024 will earn on net debit card purchases during March (Month 1) through the end of February 2025 (Month 12).

To earn the $50 eBanking login bonus, the member must register for eBanking and login within 30 days of account opening. The eBanking bonus will be paid within 30 days of the action completion. To earn the $50 mobile wallet bonus, the member must successfully register their Ardent Visa debit card with either Apple Pay or Android Pay within 30 days of account opening.

The mobile wallet bonus will be paid within 30 days of the action completion. PLEASE NOTE: To be eligible for the bonus, regular deposit and transaction activity consistent with normal day-to-day spending patterns must be evident during the promotional period (365 days from account opening date). Limit one Cashback Checking account per member.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

These account has no monthly fees to worry about

Early Account Termination Fee

I didn’t see any early account termination fee in the fee schedule.

Our Verdict

A lot of requirements you need to meet for 12 months. You also need to spend $666+ per month on the debit card. Previously they offered a smaller bonus for $350 with a lot less requirements.

Hat tip to reader Bockrr

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William Charles

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February 18, 2024
[AZ only] Credit Union West $150 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $150

Availability: Our membership is open to immediate family of Credit Union West members, Credit Union West employees, and anyone who lives, works, or worships in our membership coverage area, which includes all of Arizona (with the exception of Graham, Greenlee, La Paz and Santa Cruz counties)

Direct deposit required: Yes

Additional requirements: See below

Hard/soft pull: Soft pull

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: Unknown

Household limit: None listed

Expiration date: December 31, 2024

The Offer

Direct link to offer

Credit Union West is offering a bonus of $150 when you open a new Heritage High-Yield Checking and complete the following requirements

Use promo code JOIN150

One ACH credit/Direct Deposit must be established.

Must have at least 15 point-of-sale or purchase transactions post and settle to your account within 30 days of account opening

The Fine Print

Promotional offer is only valid for one new membership per person; offer is not valid for existing members.

$5 minimum balance required for membership account.

One ACH credit/Direct Deposit must be established. Must have at least 15 point-of-sale or purchase transactions post and settle to your account within 30 days of account opening. The new account must be open and in good standing for at least 90 days before the $150 is available for use.

Any taxes are the responsibility of the recipient and are reported on a 1099-INT.

Coupon is non-transferable and non-negotiable for cash. Program subject to change without notice.

Bonuses are considered interest and will be reported on IRS Form 1099-INT.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about

Early Account Termination Fee

I wasn’t able to find the fee schedule, so I’m unsure if there are any early account termination fees or not

Our Verdict

Not as good as the previous $300 bonus, but seems to be open to more areas now. I’d probably wait for a bigger offer to return before jumping on this and we won’t add it to our best checking bonus page.

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William Charles

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February 4, 2024
[DE, PA & NJ only] Sun East Federal Credit Union $150 Referral Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount:

Availability: DE, PA and NJ only. Might be nationwide with $10 donation but lots of accounts were not approved last time.

Direct deposit required: Yes, no minimum specified

Additional requirements:See below

Hard/soft pull: Soft

ChexSystems: Yes

Credit card funding: $550

Monthly fees: None

Early account termination fee: None

Household limit: None listed

Expiration date: None listed

The Offer

Direct link to offer

Sun East Federal Credit Union is offering a $150 referral bonus to both parties when the new customer completes the following requirements:

open a checking account,

establish direct deposit, and conduct at least 1 direct deposit transaction into the checking account within 45 days of account activation

deposit a minimum of $250 within 45 days of account activation and have $250 in the account on day 45

The Fine Print

To be eligible for the program an Advocate must be a Sun East member in good standing, as defined in our bylaws, having a principal residence in Delaware, Maryland, New Jersey, or Pennsylvania, and has been a member for at least 6 months.

The referred new member or Friend must remain in good standing for 45 days from the date of account opening. A Friend must also: 1) meet the residency requirements; 2) open a checking account, establish direct deposit, and conduct at least 1 direct deposit transaction into the checking account within 45 days of account activation; and 3) deposit a minimum of $250 within 45 days of account activation and have $250 in the account on day 45. Internal account transfers (transfers between accounts held by Sun East) are not eligible to meet the checking account minimum.

Existing primary members/Advocates and joint owners on such accounts who open new accounts do not qualify as Friends and will not receive a referral bonus. Former members may qualify as a Friend if their account was closed for at least 6 months before the date of reopening.

Once a Friend is referred by an Advocate, no other members may refer that same Friend.

Members who open accounts by fraudulent, suspicious, or illegal means, or who make referrals or open accounts in a manner not consistent with the spirit or intent of the Program, as determined in our sole discretion, are not eligible to participate and referral bonuses will be denied.

A valid referral for the reward bonus requires:

Advocate must remain in good standing for the 45 days of Friend’s account opening;

Friend must complete the Sun East membership application by accessing it through the Advocate’s personal link; and

Friend must be approved for membership, meet the residency requirements, and account requirements as disclosed.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

Previously there was a $300 checking bonus. Feel free to share your referrals in the comments below. Anyone can join Sun East credit union with a $10 donation to the Sun East Foundation if they don’t meet the local criteria. A lot of people were denied when there was a high yield account offer.

Hat tip to reader Phil P

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William Charles

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February 3, 2024
[NJ] Blue Foundry Bank $300 Checking + $300 Savings Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $300

Availability: NJ only

Direct deposit required: Yes, $500+ for six months

Additional requirements: See below

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: $10, three months

Household limit: None

Expiration date: None listed

The Offer

Direct link to offer

Blue Foundry Bank is offering up to $600 in bonuses. Bonuses broken down as follows:

$300 when you open a Blue Axis Edge® Checking and receive a direct deposit of $500+ per month for six months

$300 when you open a Blue Axis Edge® Savings, deposit $15,000+ and maintain it for six months

The Fine Print

Only one bonus per tax id, per product. Blue Foundry Bank reserves the right to modify or discontinue the bonuses at any time.

Accounts opened online require eBanking enrollment.

Bonus is not available to existing Blue Foundry Bank Checking customers or customers that have closed their checking account within the last 12-months.

Bonus will be earned when account maintains a consecutive combined direct deposit of $500 or more each month during the 6-month (182 days) qualification period.

The direct deposit must be credited to the account within the first 60 days of account opening. Once the qualification period has concluded, the account will be credited the $300 bonus within 60 days.

For tax purposes, bonus will be reported on form 1099. 2 Unlimited ATM fee rebates apply to cash withdrawals using your Debit Mastercard® at all participating Accel and Cirrus ATMs worldwide.

ATM fee rebates do not apply to any fees other than those assessed for using an ATM to withdraw cash from your account. Blue Foundry Bank® makes its best effort to identify those ATM fees eligible for rebate, based on information it receives from ATM operators.

Blue Foundry Bank reserves the right to modify or discontinue the ATM fee rebate at any time.

Bonus will be earned when a single deposit of $15,000 or more of new money is deposited into the account and the balance is maintained for a 6-month (182 days) qualification period. New money is defined as money not currently on deposit with Blue Foundry Bank.

Once the qualification period has concluded, the account will be credited the $300 bonus within 60 days.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

These accounts have no monthly fees to worry about.

Early Account Termination Fee

$10 fee if closed within three months. Account needs to be kept open for six months to get the bonus anyway.

Our Verdict

Savings bonus works out to be 6.8% APY when you add both the bonus and interest rate on the savings account (5% APY for the first $5k and then 1.75% for the next 10k), probably not worth considering due to other high interest accounts on the market. The checking bonus is annoying as it requires a direct deposit for six months.

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William Charles

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February 3, 2024
[TX, OK, AR, LA, MS, Military] AFFCU $200 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $200

Availability:

You qualify for membership at AFFCU if you are an active duty member, reservist, veteran, retiree, or a dependent of a member of the U.S. Armed Forces or National Guard residing or working in Texas, Oklahoma, Arkansas, Louisiana, or Mississippi.

Can also join a foundation

Direct deposit required: Yes, $500+

Additional requirements: Use promo code and digital banking

Hard/soft pull: Soft pull

ChexSystems: Unknown

Credit card funding: Up to $1,500

Monthly fees: None

Early account termination fee: Unknown

Household limit: None

Expiration date: None listed

The Offer

Direct link to offer

AFFCU is offering a $200 bonus when you open a new checking account and complete the following requirements:

Use promo code BONUSCASH

Set up direct deposit of $500+ within 60 days of account opening

Enroll in digital banking

The Fine Print

This $200 Checking Bonus is not available to existing AFFCU checking members, or members who are not in good standing, or closed their account or checking account within the last 12 months, or closed with a negative balance at any time.

To receive the $200 Checking Bonus, open a new Value Checking or Rewards Checking account, which is subject to approval, and within 60 days of opening the account complete these activities: 1) Make a direct deposit through the Automated Clearing House (ACH) totaling $500 or more. Your direct deposit ACH must be a settled deposit of your paycheck, salary, other income, pension, or government benefits (such as social security) from your employer or government. Deposits made through the mail, financial center, mobile deposit or ATM, micro-deposits, transfers from one account to another, Person to Person (P2P) payments including those made through providers such as Zelle, Venmo, PayPal through ACH, or other non-payroll ACH electronic deposits will not be considered as direct deposits; –AND–

2) Enroll in AFFCU Digital Banking (web browser or mobile app). After meeting these requirements, the $200 Checking Bonus will be added to your checking account within 30 days. If the account has a negative balance, resulted in a loss to AFFCU, or is closed prior to AFFCU’s attempt to deposit the Checking Bonus, the bonus will not be awarded. Limit of one offer per U.S. Taxpayer Identification Number. Primary account holders must be at least 18 years old to be eligible. Accounts subject to backup withholding, AFFCU employees and volunteers, and accounts qualified under eligibility through the Defense Language Institute English Language Schools are ineligible to participate in this offer

$200 Checking Bonus is considered interest, and will be reported on IRS Form 1099-INT, and the recipient is responsible for all applicable taxes. Offer is for a limited time, subject to discontinuation or change without notice, and is subject to verification, eligibility and qualification review. Certain restrictions apply.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

If anybody applies by pledging $10 to Airmen Foundation and gets their account set up let us know in the comments.

Hat tip to reader Bockrr

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William Charles

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January 29, 2024
[CA Only] Redwood Credit Union $250 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $250

Availability: If you currently live or work in Sonoma, Lake, Marin, Napa, Mendocino, San Francisco, Solano, or Contra Costa counties

Direct deposit required: Yes, $500+

Additional requirements: Use promo code

Hard/soft pull: Soft pull

ChexSystems: Unknown

Credit card funding: Up to $500

Monthly fees: None

Early account termination fee: Unknown

Household limit: None

Expiration date: 2/29/24

The Offer

Direct link to offer

Redwood Credit Union is offering a $250 bonus when you open a new checking account and complete the following requirements:

Use promo code 250FORME

Have at least $500 in qualifying direct deposits within 90 days of account opening

The Fine Print

Offer valid until 02/29/2024.

Promotion is offered to new RCU Members.

Employees of RCU and/or RCUSG, volunteer Officials, their family members and roommates are not eligible. Promotion is subject to change and certain restrictions may apply.

To receive the $250 bonus, you must open a qualifying new checking account with Redwood Credit Union with a qualifying direct deposit. Qualifying checking accounts are limited to General Membership, open for a minimum of 60 days.

Youth, business, health savings (HSA), custodial, trusts, and other specialized accounts are excluded from this offer.

Direct deposit must be an ACH deposit of $500 or more with an effective deposit date within 90 days of account opening.

Direct deposit is restricted to regular income deposits, government benefits, and monthly retirement income.

Person-to-person payments such as Venmo™, PayPal, or Zelle®, and external transfers from linked accounts are excluded.

One $250 bonus is available per qualifying individual.

New Members must qualify for membership and are required to establish a membership account.

Membership is open to anyone living or working in one of the eight North Bay counties RCU serves, some restrictions may apply. For new membership accounts, you must deposit $5 in a regular savings account to open a checking account. The promo code expires on 02/29/2024. $250 bonus is considered interest and will be reported on IRS Form 1099-INT. Participant is responsible for all applicable taxes. Bonus will be awarded by a credit to the newly established checking account within 30 days of meeting checking account and direct deposit requirements.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

Unsure if there is any EATF.

Our Verdict

Requirements seem easy to meet, as always if anybody goes for it then please share your experiences in the comments below. We will add this to the best bank account bonuses.

Hat tip to Travel With Grant.

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William Charles

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January 28, 2024
[WA, ID] Spokane City Credit Union $150 Checking Referral Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount:

Availability: If you live, work, worship or attend school in Washington state or reside in Kootenai, Bonner or Benewah Counties in the State of Idaho, you are eligible to join Spokane City Credit Union.

Direct deposit required: Yes, no minimum

Additional requirements: Use a referral

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: Unknown

Household limit: None, but maximum of $500 in referrals

Expiration date: None listed

The Offer

Direct link to offer

Spokane City Credit Union is offering a $150 referral bonus to both parties when the new member opens a new checking account and completes the following requirements:

Receive a direct deposit within 60 days of account opening

The Fine Print

Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. Person to Person payments (such a Zelle or Venmo) and microdeposits (any deposit under $5) are excluded.

The maximum payout during the promotional period is $ 500 per membership per annum. The promotion is subject to change with or without notice and may be discontinued at any time.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

No fee checking account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

Feel free to share your referrals in the comments below, just also share if it’s a hard or soft pull.

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William Charles

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January 21, 2024
[VA, WV, OH, In Branch only] City National Bank $200 Checking Bonus – Doctor Of Credit
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Update 1/20/24: Deal seems to still be available, but only in branch. Advertised on their socials.

Update 10/24/20: Bonus has been increased to $200. Hat tip to reader J Money

Update: New link found works for branches in VA, WV, OH. Thanks to reader Gadget.

Please note, this isn’t the same City National Bank that offers the Visa Infinite card.

Offer at a glance

Maximum bonus amount: $100

Availability: VA WV OH in branch only. [Branch locator]

Direct deposit required: Yes, $200+

Additional requirements: None

Hard/soft pull: Soft pull

ChexSystems: Yes, not sensitive

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: $25, 180 days

Household limit: One

Expiration date: None listed

The Offer

Direct link to offer

City National Bank is offering a bonus of $200 when you open a new city checking account with direct deposit of $200 or more

The Fine Print

Bonus: Limited time offer. To earn the $200 direct deposit bonus, you must establish a qualified recurring direct deposit of $200 or more into the account.

The bonus will be deposited into the new account 91 days after account opening.

Limitations: The bonus cannot be used as the opening deposit.

Offer not available to existing checking account customers, those with fiduciary accounts or those whose account has been closed.

Limit 1 bonus per household.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

They offer a simply free checking account with no monthly fees to worry about. There is an early account termination fee of $25 if you close the account within 180 days.

Our Verdict

I generally don’t recommend $100 bonuses that must be opened in branch, but might be worth it for some if they live near a branch. Purely because it’s usually a lot of work for a $100 bonus that is also taxed. Because of this I won’t be adding it to our best bank bonus page.

Big thanks to reader, KK who let us know. Learn how to find bonuses and contribute to the site here.

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William Charles

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January 20, 2024
[NY, PA, NJ] Visions Federal Credit Union $200 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $200

Availability:

New York Residents – If you live, work, worship, or attend school in Broome, Cayuga, Chemung, Chenango, Cortland, Delaware, Madison, Otsego, Rockland*, Schuyler, Steuben, Tioga, or Tompkins Counties, or the cities of Rochester* or Syracuse, you can join.

Pennsylvania Residents – If you live, work, worship, or attend school in Bradford or Susquehanna County; the city of Reading*, portions of South Westmoreland* or North Fayette* Counties; portions of the Cities of Allentown*, Bethlehem*, or Easton*, you can join.
New Jersey Residents – If you live, work, worship, or attend school in Bergen or Passaic Counties; or portions of Essex*, Hudson*, or Union* Counties, you can join.

Direct deposit required: Yes, $500+ within 90 days

Additional requirements: Debit card and digital banking

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee:

Household limit: None listed

Expiration date: June 30, 2024

The Offer

Direct link to offer

Visions Federal Credit Union is offering a $200 checking bonus when you open a new checking account and complete the following requirements:

$100 when you set up new qualifying recurring direct deposits of $500+ within 90 days of account opening

$50 when you set up a visions issued debit card

$50 when you enroll in digital banking

The Fine Print

Three bonuses totaling up to $200 are available if the following activities are met within 90 days of opening new checking account: (1) $100 for new, qualifying, recurring direct deposits made into new checking account; cannot be reallocated from another Visions share account. Direct deposits must be payroll from employment, pension, or Social Security totaling an aggregate of $500 or more within 90 days of opening the new checking account; (2) $50 for Visions-issued debit card linked to new checking account during promotional period; (3) $50 for new, first-time enrollment in digital banking during the promotional period.

Direct deposit bonus will be credited 90 days after the open date of new checking account. Debit card and digital banking enrollment bonuses will be deposited within 24 hours of meeting the requirements. Bonuses will be applied to member’s primary savings. Bonuses reportable for tax purposes.

Consumer accounts only; must be in good standing. Guardian, rep payee or executor, collections charge-off, business, and/or organizational accounts are ineligible. Must be 18 years of age or older. Offer only valid during promotional period from January 2, 2024 to June 30, 2024. Visions reserves the right to end or modify this promotion without notice. Member cannot take advantage of promotion more than once. Federally insured by NCUA.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Flex checking has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule

Our Verdict

Looks to be a pretty good bonus, always nice when you can at least get some of the bonus without a direct deposit.

Hat tip to reader Phil P

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William Charles

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January 14, 2024
[MI only] Financial Plus Credit Union $300 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $300

Availability: MI only

Direct deposit required: $1,000+ for two months

Additional requirements: Use promo code

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: Unknown

Household limit: None listed

Expiration date: None listed

The Offer

Direct link to offer

Financial Plus Credit Union is offering a $300 checking bonus when you open a new checking account and complete the following requirements:

Use promo code winter24

Have a minimum direct deposit of $1,000 for two consecutive months

The Fine Print

Must be new checking relationship.

Receive $300 incentive when you open a new checking account (no minimum balance requirement) with a minimum direct deposit of $1,000 for two consecutive months. Receive $150 incentive when you open a new checking account (no minimum balance requirement) with a minimum direct deposit of $500 for two consecutive months.

Incentive deposited within 30 days of meeting direct deposit requirement.

Cannot be combined with any other offer.

Subject to 1099-MISC. Restrictions apply. See credit union for details.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Elite checking has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule, unsure if there is any EATF.

Our Verdict

Need to know if this is a hard or soft pull.

Hat tip to Mrs. Gee

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William Charles

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January 14, 2024
[CA] Valley First Credit Union $200 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $200

Availability: Calaveras, Fresno, Kern, Kings, Madera, Mariposa, Merced, Sacramento, San Joaquin, Stanislaus, Tulare, and Tuolumne Counties. in CA

Direct deposit required: Yes, $750+

Additional requirements: See below

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: None

Household limit: None listed

Expiration date: None listed

The Offer

Direct link to offer

Valley First Credit Union is offering a $200 checking bonus when you following requirements are met:

Have an established direct deposit of $750/month or more

are enrolled in Online Banking and are enrolled in eStatements

The Fine Print

Offer effective November 14, 2022 and subject to change or cancel with out notice. Offer does not apply if you have an existing Valley First Credit Union checking account or have closed a Valley First checking account within the last 12 months, including joint account ownership.

$200 bonus will be credited to your new Purple Checking account 100 calendar days after account opening providing the following conditions have been met: Have an established direct deposit of $750/month or more, are enrolled in Online Banking and are enrolled in eStatements. Account must be open and in good standing to receive Bonus. Bonus Dividend will be reported as interest (dividends) assumed on IRS Form 1099-INT. Recipient is responsible for any applicable taxes. Offer cannot be combined with any other offer. New accounts subject to ChexSystems. Membership eligibility requirements apply. Membership requires a Primary Share Account opened with an initial $25 deposit plus a $5 one-time membership fee, for a total of $30.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

None

Our Verdict

Don’t know much about this bank so please share your experiences below.

Hat tip to Gadget

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William Charles

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January 14, 2024
[WA, ID and OR only] Gesa Credit Union $250 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $250

Availability: If you live, work, worship or attend school in the State of Washington, are a close relative of someone who qualifies as a member, or are a resident within Benewah, Bonner, Boundary, Clearwater, Idaho, Kootenai, Latah, Lewis, Nez Perce and Shoshone Counties in Idaho, you are eligible to join Gesa.

Direct deposit required: Yes

Additional requirements: See below

Hard/soft pull: Soft

ChexSystems: Unknown

Credit card funding: Can fund with a credit card, up to $5,000

Monthly fees: None

Early account termination fee:

Household limit:

Expiration date:

The Offer

Direct link to offer

Gesa Credit Union is offering a bonus of $250 when you open a new SmartPlus checking account and complete the following requirements within 60 days of account opening:

Have a membership establishing savings account

Enroll in eStatements

Make 15 debit card transactions

Receive a payroll or government benefit direct deposit

The Fine Print

To be eligible for the $250 checking incentive, you must open a new SmartPlus checking account, enroll in eStatements, complete 15 debit card transactions (ATM transactions excluded), and receive a payroll or government benefit direct deposit within 60 days of opening the checking account.

The checking account must be opened with a minimum of $5 if opened in the branch, or $25 if opened online.

No minimum ongoing balance is required.

Only one $250 SmartPlus checking incentive can be earned per member.

You must not have had a Gesa checking account within the last 90 days to be eligible.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

A $20 fee is charged if the account is closed within 180 days according to this fee schedule.

Our Verdict

Not nearly as good as the recent $300 bonus that didn’t require a direct deposit. I’d recommend waiting for a better bonus to return so we won’t be adding this to our list of the best bank account bonuses.

Hat tip to suoira

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William Charles

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January 14, 2024
[TN, KY] Cornerstone Financial Credit Union $250 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $200

Availability: Must be a Tennessee or Kentucky resident.

Direct deposit required: Yes, $250+

Additional requirements: See below

Hard/soft pull: Hard pull

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: Unknown

Household limit: None listed

Expiration date: None listed

The Offer

Direct link to offer

Cornerstone Financial Credit Union is offering a bonus of up to $250 when you open a new checking account and complete the following requirements

Receive $50 right away when you open your first checking account at Cornerstone.

Receive $50 when you register for digital banking and enable e-statements.

Receive $50 each month when you spend at least $500 with your Visa debit card. Offer good for three consecutive months.

The Fine Print

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

easyChecking has no monthly fees to worry about

Early Account Termination Fee

I wasn’t able to find a fee schedule, so unsure if there is any early account termination fee or not.

Our Verdict

Annoying that it’s a hard pull and you need to do $1,500 in debit card spend, but always nice to see bonuses without direct deposit requirements and better than the previous $200 deal that was in branch.

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William Charles

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January 14, 2024
[Washington D.C only] Andrews Federal Credit Union $150 Checking Bonus – Doctor Of Credit
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Update 1/13/24: Extended until extended until 1/31

Offer at a glance

Maximum bonus amount: $150

Availability: Must live, work, worship or attend school in Washington D.C. Looks like joining the ACC might also make you eligible.

Direct deposit required: Yes, $500+

Additional requirements: See below

Hard/soft pull: Soft pull

ChexSystems: Unknown

Credit card funding: None

Monthly fees: None

Early account termination fee: $25, 60 days

Household limit: None listed

Expiration date: 12/31/2023

The Offer

Direct link to offer

Andrews Federal Credit Union is offering a bonus of $150 when you open a new Kasasa Cash, Kasasa Cash Back, Forces, or Online Checking and complete the following requirements:

Use promo code GET$150

Make a direct deposit of $500+ and maintain that for 90 days

The Fine Print

To receive the $150 bonus, you must (1) establish a new membership with Andrews Federal Credit Union; (2) open a new Kasasa Cash, Kasasa Cash Back, Forces, or Online Checking; (3) start a new direct deposit of $500 or more to your new checking account within sixty (60) calendar days of opening the account; and (4) maintain that direct deposit for at least ninety (90) calendar days (i.e. ninety (90) calendar days from the date of the first direct deposit to the account).

Membership and checking account must be opened during the promotional period of 11/15/2023 and 12/31/2023.

You must meet the terms of your new checking account type, including the direct deposit requirement, in order to be eligible for the $150 bonus.

Qualifying direct deposits include recurring electronic deposits of payroll, pension, or Social Security. Person-to-person, bank transfers or other electronic money transfers, such as those made through internet payment services, do not qualify. No minimum balance required to open a new Kasasa Cash, Kasasa Cash Back, Forces, or Online Checking account; the minimum balance to maintain each checking account type may vary, visit the individual product pages linked above for full account details.

The $150 will be credited to the new checking account after you have met the 90 day direct deposit requirement, if all other checking account requirements are also met.

Existing primary Andrews Federal members (i.e. memberships opened prior to 11/15/2023) are not eligible for this offer.

Previous memberships that were closed within 180 days prior to promo are not eligible for this offer.

Your new Andrews Federal checking account must still be open and in good standing when we seek to credit the bonus, otherwise the bonus is forfeited.

Only one bonus will be awarded per member regardless of the number of accounts opened.

Bonus offers are not transferable and are reportable for tax purposes.

A $25 early account closing fee applies if the account is closed within 60 days of opening.

All Andrews Federal checking and savings accounts are subject to Andrews Federal standard account agreements.

Offer is subject to change at any time.

Employees, Directors or contractors of the Credit Union, or their direct family members are not eligible for this offer.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

These accounts have no monthly fees to worry about.

Early Account Termination Fee

A $25 early account closing fee applies if the account is closed within 60 days of opening

Our Verdict

Previously this was $200 with the same requirements. Still worth doing and the Kasasa Cash checking account earns 6% APY on up to $25,000. We will add this to our list of best bank account bonuses.

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William Charles

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January 13, 2024
Citi $300 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $300

Availability: Nationwide

Direct deposit required: Yes, $1,500+

Additional requirements: See below

Hard/soft pull: Soft pull

ChexSystems: Yes

Credit card funding: None

Monthly fees: $12, avoidable

Early account termination fee: None

Household limit: None listed

Expiration date: 7/8/24

The Offer

Direct link to offer

Citi is offering a $300 checking bonus when you open a new checking account and complete the following requirements:

Open a new eligible Citi® Checking account with Enhanced Direct Deposits, and enroll in this offer by applying directly from this page. Offer valid from 1/10/24 to 7/8/24.

Deposit at least two (2) Enhanced Direct Deposits directly into your new checking account within 90 calendar days from account opening. Your total combined Enhanced Direct Deposits must equal $1,500 or more.

Your cash bonus will be deposited into your open, eligible Checking Account within 30 days after you successfully complete all required activities.

The Fine Print

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Citi Basic Account Package has a $12 monthly fee, this is waived if you do any of the following:

Make one qualifying direct deposit per statement period and one qualifying bill payment per statement period or

Maintain a $1,500+ combined average monthly balance in eligible linked accounts
Fee also waived when first listed account owner is 62 or older.

Early Account Termination Fee

In the past, Citi has not charged any ETF, and none is mentioned for this offer.

Our Verdict

This is better than the $200 checking bonus we previously saw. There is also a checking bonus for up to $2,500 but that requires huge deposits. This smaller bonus will be a better option for most people as those huge deposits aren’t required. I do think now that this is $300 it’s worth doing and we will add it to our best bank bonus page.

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William Charles

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January 11, 2024
HSBC Up To $4,000 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $4,000

Availability: Nationwide

Direct deposit required: Yes

Additional requirements: None

Hard/soft pull: Soft

ChexSystems: Unknown

Credit card funding: None

Monthly fees: $50, avoidable

Early account termination fee: $25, 180 days

Household limit: None listed

Expiration date: March 27, 2024

The Offer

Direct link to offer

HSBC is offering a $1,500 – $4,000 bonus when you open a new Premier checking account. Bonus you receive depends on the amount you deposit or invest the following for 3 full consecutive months following the new account opening month:

Receive a cash bonus of $1,500 when you deposit or invest $100,000 to $199,999.99

Receive a cash bonus of $2,000 when you deposit or invest $200,000 to $299,999.99

Receive a cash bonus of $2,500 when you deposit or invest $300,000 to 499,999.99

Receive a cash bonus of $3,500 when you deposit or invest $500,000+

Earn an extra $500 when you set up recurring monthly Direct Deposit of at least $5,000 for 3 months

The Fine Print

Offer valid from January 8, 2024, through and including March 27, 2024 (“Offer Period”). Only New Customers are eligible for this offer.

Customers who have a current or past HSBC account in the U.S. on file are not eligible for this offer.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has a $50 monthly fee, this fee is waived if you do any of the following:

Maintain balances of $75,000 in combined U.S. Dollar personal deposit accounts and investment* balances OR

Recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s) per calendar month OR

Any HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000. Business owners may use their qualifying HSBC U.S. Dollar commercial balances to qualify for a personal Premier relationship

Early Account Termination Fee

$25, 180 days

Our Verdict

The lowest tier is the best rate of return at ~6%. It does say you can have the funds invested, but not sure how that works in practice. Premier checking itself earns a 0.01% interest rate so probably not worth considering for most people as the 6% rate is only marginal when compared to other high interest accounts.

Hat tip to churn_and_burn

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William Charles

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January 11, 2024
[UT] UFirst Credit Union $400 Checking Bonus – Doctor Of Credit
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Update 1/6/24: Bonus now $400.

This was formerly called University Federal Credit Union.

Offer at a glance

Maximum bonus amount: $400

Availability: Anyone who lives, works, worships, does business or attends school in Salt Lake, Utah, Davis, Tooele, Summit or Wasatch Counties, or anyone with an immediate family member who meets any of those criteria, is eligible join UFirst Credit Union.

Direct deposit required: Yes, $1,000+ per month for three months

Additional requirements: See below

Hard/soft pull: Soft pull

ChexSystems: Unknown

Credit card funding: None

Monthly fees: None

Early account termination fee: Unknown

Household limit: None listed

Expiration date: Offer valid through December 30th, 2022

The Offer

Direct link to offer

UFirst Credit Union is offering a bonus of up to $400:

$50 will be deposited when new account is opened

An additional $50 will be deposited 6 months after account is opened

Up to $150 will be deposited in $50 increments over 3 consecutive months after setting up and maintaining a direct deposit of at least $1,000 per month

Up to $150 will be deposited in $50 increments over 3 consecutive months when the minimum requirement of 25 transactions per month, with a UFirst Credit Union Visa debit card, credit card or both, are completed

The Fine Print

e. $50 will be deposited when new account is opened. An additional $50 will be deposited 6 months after account is opened. Up to $150 will be deposited in $50 increments over 3 consecutive months after setting up and maintaining a direct deposit of at least $1,000 per month. Up to $150 will be deposited in $50 increments over 3 consecutive months when the minimum requirement of 25 transactions per month, with a UFirst Credit Union Visa debit card, credit card or both, are completed

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

The eChecking account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any early account termination fee.

Our Verdict

Seems like a good bonus and worth doing due to the soft pull. We will add this to the best bank account bonuses.

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William Charles

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January 6, 2024
[CO Only] Air Academy Credit Union $250 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $250

Availability: CO only

Direct deposit required: Yes, no minimum specified or ACH

Additional requirements: See below

Hard/soft pull: Soft pull

ChexSystems: Yes

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: $10, six months

Household limit: None listed

Expiration date: 12/31/2023

The Offer

Direct link to offer

Air Academy Credit Union is offering a $250 checking bonus when you open a new checking account and complete the following requirements:

Deposit $200

Make 1 debit card transaction

And have your direct deposit post to your account

The Fine Print

To receive the $250 bonus, open a Cash Rewards Checking account or a Cash Back Rewards Checking account and: (a) deposit $200 (b) post and clear at least one direct deposit and (c) activate your AACU debit Mastercard® and perform one transaction with your debit Mastercard within 45 days of account opening.

Bonus will be credited into your rewards checking account within 2 business days after meeting the requirements.

Offer valid on personal accounts only and limited to 1 account per member.

Bonus is considered taxable income.

Must mention offer at time of account opening for bonus eligibility.

Offer not valid for current AACU Rewards checking account holders or members with accounts closed within the past 180 days. Accounts closed within 180 days of account opening will be charged a $10 early closure fee.

Cannot be combined with another checking account offer or used for an existing checking account.

Offer subject to change without notice.

Membership requirements apply.

Restrictions and requirements apply.

Colorado Residents only.

Offer valid until 12/31/2023.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Both of the kasasa checking accounts have no monthly fees to worry about.

Early Account Termination Fee

According to the fee schedule there is an early account termination fee of $10 if closed within six months of account opening.

Our Verdict

There was a $100 bonus in the past, but that required military pay. This is a better bonus anyway. We will add this to our list of the best bank account bonuses.

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William Charles

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December 29, 2023
NASA Federal Credit Union $300 ePremier Checking Bonus – Doctor Of Credit
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Update: People are reporting receiving this as a FB ad, so likely not targeted. I’d recommend copying and pasting the offer URL so they cant see you’ve been redirected from this site.

Offer at a glance

Maximum bonus amount: $300

Availability: Nationwide?

Direct deposit required: $500+ per month, optional see below

Additional requirements: 3 bill pays per month + eStatements, optional see below.

Hard/soft pull: Soft

Credit card funding: Up to $500

Monthly fees: $8, avoidable

Early account termination fee: None listed

Expiration date: 12/31/23

The Offer

Direct link to offer

Open a new premier eChecking account with NASA Federal Credit Union and receive a sign up bonus of $300 when you do the following:

establishing a $500 minimum monthly recurring direct deposit for 3 consecutive months and

making at least 15 debit card purchases (pin or signature) for 3 consecutive months, all within 120 days of account opening

The Fine Print

$300 checking bonus requires opening a Premier eChecking account between 12/11/2023 and 12/31/2023, establishing a $500 minimum monthly recurring direct deposit for 3 consecutive months and making at least 15 debit card purchases (pin or signature) for 3 consecutive months, all within 120 days of account opening. In order to receive bonus, account must be in good standing.

Only one bonus will be paid per member and offer is non-transferable.

$300 will be credited to the primary applicant’s savings account on file, 120 days from account opening.

Recipient is solely responsible for any personal tax liability arising out of this incentive.

Membership savings account with $5 opening balance is required.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

ePremier Checking Account $8 Monthly Fee

The monthly fee on this account is waived if you have a direct deposit or active online BillPay+ with eStatements.

Early Account Termination Fee

I wasn’t able to find any early account termination fee in their fee schedule.

Our Verdict

~~Terms say that it’s not transferable, so I assume it’s a targeted offer.~~ As this seems to be open to everybody and much better than the previous $125 bonus I’d recommend doing this offer. I expect it to be popular so I’d probably sign up sooner rather than later to avoid the offer being pulled. We will add this to our list of the best bank account bonuses.

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William Charles

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December 20, 2023
[IA, NE] Cobalt Credit Union $200 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $200

Availability: Cobalt Credit Union is located in 15 counties across Nebraska and Iowa

Direct deposit required: Yes, no minimum

Additional requirements: See below

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees:None

Early account termination fee: None

Household limit: None

Expiration date: 12/31/23

The Offer

Direct link to offer

Cobalt Credit Union is offering a $200 checking bonus when you open a new Cobalt Elite or Cobalt Blue checking account and complete the following requirements:

Have at least one recurring direct deposit

Enroll in e-statements

Have at least 15 debit card transactions totaling at least $500 post and clear within 90 days of account opening, and for the Cobalt Blue checking account, have at least 10 debit card transactions totaling at least $250 post

The Fine Print

Offer available 11/14/23 – 12/31/23. In order to receive the $200 bonus, you must open a new Cobalt Elite or Cobalt Blue checking account and fulfill the following requirements: (1) have at least one recurring direct deposit in the form of payroll or government benefit deposited into a Cobalt account, (2) enroll in e-statements, and (3) for the Cobalt Elite checking account, have at least 15 debit card transactions totaling at least $500 post and clear within 90 days of account opening, and for the Cobalt Blue checking account, have at least 10 debit card transactions totaling at least $250 post and clear within 90 days of account opening. All qualifications must be met within the first 90 days of account opening.

The bonus will be deposited into your membership share account within 90 days of meeting all account requirements.

The bonus is not available for existing Cobalt Blue or Cobalt Elite Checking members who have closed a Cobalt Blue or Cobalt Elite Checking account within the past 90 days.

The bonus will be reported to the IRS as dividends earned.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Neither account has any monthly fees.

Early Account Termination Fee

I wasn’t able to find any fee schedule so unsure if there are any EATF.

Our Verdict

Nice deal just need to know if it’s a hard or soft pull.

Hat tip to reader Gadget

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William Charles

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December 10, 2023