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Tag: mi bank bonuses

  • [MI only] MSUFCU $250 Checking Bonus + $250 Savings Bonus – Doctor Of Credit

    [MI only] MSUFCU $250 Checking Bonus + $250 Savings Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $500
    • Availability: Michigan only, maybe nationwide?
    • Direct deposit required: Yes, $1,000+
    • Additional requirements: None
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown, sensitive
    • Credit card funding: None
    • Monthly fees: None
    • Early account termination fee: Unknown
    • Household limit: None listed
    • Expiration date: 10/31/24

    The Offer

    Direct link to offer

    • MSU Federal Credit Union is offering a $250 checking bonus when you open a new checking account and complete the following requirements:
      • Open a Money Market Checking
      •  Must have two consecutive electronic deposits each with a minimum deposit of $2000
      • Must maintain balance of $2000 for 60 days after account opening
      • Complete 10 transactions within 30 days of account opening
    • You’ll receive a $250 bonus to kickstart your savings when you open the account with at least $25,000. Must maintain balance for 60 days

    The Fine Print

    • Offer valid 09/01/24 to 10/31/24.
    • To receive $100 bonus, member must open a Totally Green Checking Account and set up direct deposit from their employer or Social Security.
    • Must have two consecutive electronic deposits each with a minimum deposit of $1000.
    • To receive $250 bonus, member must open a Money Market Checking account and set up direct deposit from employer or Social Security. Must have two consecutive electronic deposits each with a minimum deposit of $2000.
    • Must maintain balance of $2000 for 60 days after account opening.
    • For both offers, first direct deposit must be set up and funded into member's MSUFCU checking account by 10/31/24 and member must complete 10 transactions within 30 days of account opening. Bonus of either $100 or $250 will be deposited to the member's Cashback+ wallet within 90 days of promotion end date. Not valid for members with existing or previously closed checking accounts.
    • Not valid for funds already on deposit with MSUFCU. Bonus may be taxable and reported on an IRS Form.
    • Members who do not currently have an Insured Money Management Account (IMMA) and open an IMMA with a minimum deposit of $25,000 and maintain a balance of at least $25,000 for 60 days will receive $250 bonus.
    • IMMA must be opened and funded by 10/31/24. IMMA Tier 1 Annual Percentage Yield 1.30% for minimum balance of $2000 as of 8/26/24.
    • Rate subject to change.
    • Bonus of $250 will be deposited to a 1-Year Add-On Certificate within 45 days of promotion end date. Not valid for funds already on deposit with MSUFCU.
    • Offers cannot be combined. Not valid for business or youth accounts.
    • Bonus may be taxable and reported on an IRS Form.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    $5 fee if the account has less than $2,000 in it.

    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

    Not clear if this is just restricted to that single branch that is opening or not.

    Hat tip to ShawntheShawn

    Useful posts regarding bank bonuses:

    William Charles

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  • [CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL, In Branch] Citizens Bank $700 Checking & Savings Bonus – Doctor Of Credit

    [CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL, In Branch] Citizens Bank $700 Checking & Savings Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $700
    • Availability: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL
    • Direct deposit required: Yes, $500+
    • Additional requirements: See below
    • Hard/soft pull: Soft pull as long as you opt out of over draft protecton.
    • ChexSystems: Mixed data points
    • Credit card funding: None
    • Monthly fees: $9.99, avoidable
    • Early account termination fee: None
    • Household limit: None
    • Expiration date: 9/7/24

    The Offer

    Direct link to offer

    • Citizens Bank is offering a $700 bonus when you open a new checking & savings account. Bonus broken down as follows:
      • Open your first new personal checking account and set up and make at least one single direct deposit of $500 or more within 60 days of account opening
      • Open a savings account on the same day and earn a bonus of up to $600 (funds must be maintained until December 31, 2024):
        • $200 bonus: make a single or multiple deposits totaling $5,000
        • $400 bonus: make a single or multiple deposits totaling $10,000
        • $600 bonus: make a single or multiple deposits totaling $15,000

    The Fine Print

    • To Earn Bonus: To earn a $100 Checking bonus, open your first new personal checking account between 8/30/24 and 9/7/24 and have at least one single direct deposit of $500 or more post into your new checking account within 60 days of account opening. To earn a Savings bonus, open your first new personal savings account on the same date as the above new checking account (direct deposit not required) and have the required minimum total deposit (with money not currently on deposit with Citizens) post into your new savings account within 10 days of account opening and remains on deposit until date stated in the table below. Deposits between $5,000.00-$9,999.99 will receive a $200 bonus, or deposits between $10,000.00-$14,999.99 will receive a $400 bonus, or deposits equaling $15,000 or more will receive a $600 bonus.
    • To earn the total bonus up to $700, you must qualify for both the Checking and one of the Savings bonuses noted above. Qualifications: Primary signer on the new checking and savings accounts may not be or have been a signer on any Citizens personal checking or savings account within the previous six months.
    • Your new account(s) must have a balance greater than zero and remain open and active through the payout date stated in the table below to qualify for this offer.
    • Direct deposit is recurring income electronically deposited into your Citizens checking account and may include salary, pension, and other regular income. Certain forms of electronically deposited funds may not be considered eligible direct deposits, including those originating from peer-to-peer money transfer applications such as Zelle®, CashApp®, Venmo® or PayPal®. Eligibility: Customer will only be paid a one-time bonus for this program. Only one checking account and one savings account are eligible for a bonus.
    • Offers may be withdrawn without notice and cannot be combined with any other checking offer.
    • Offer eligibility is determined at Citizens’ sole discretion.
    • Payout: Bonus will be deposited to the new checking account by the date stated in the table below and will be labeled as “Balance Builder Bonus”. If your new checking account is closed prior to payout date stated in the table below, then your new savings account will also no longer be eligible for this offer.
    • Bonus will be reported to the IRS for income tax purposes.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Need to sign up for online statements otherwise there is a $3 fee.

    Citizens Bank One Deposit Checking Account $9.99 Monthly Fee

    The One Deposit checking account comes with a $9.99 monthly fee. Fee is waived by making one deposit each statement period. (According to this comment they really do count any deposit – even a transfer from another Citizens Bank account will trigger this.)

    Early Account Termination Fee

    As far as we know there is no early account termination fee.

    Our Verdict

    Normally there is a $400 checking bonus, so this is an extra $300 if you max out the bonus. Basically need to tie the funds up for 3 months, if you put $15,000 into an account for 3 months that earned 5% you’d earn $187.5 so this bonus is worth doing if you can spare the $15,000 for that long. The smaller bonuses aren’t worth doing as you are better off sticking to the standard $400 checking bonus that is frequently available. We will add this to our list of the best bank account bonuses.

    Hat tip to reader Alex

    Useful posts regarding bank bonuses:

    William Charles

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  • [MI] Community Financial Credit Union $1,000 Checking Bonus – Doctor Of Credit

    [MI] Community Financial Credit Union $1,000 Checking Bonus – Doctor Of Credit

    Offer at a glance

    The Offer

    Direct link to offer

    • Community Financial Credit Union is offering of up to $1,000 checking bonus when you open a new checking account and set up direct deposit through February 2025:
      • $1,000 Bonus with monthly direct deposit of $10,001 or more
      • $500 Bonus with monthly direct deposit of $5,001 to $10,000
      • $300 Bonus with monthly direct deposit of $3,000 to $5,000

    Direct Deposit must start within 8 weeks of account opening and continue through February 2025.

     

    The Fine Print

    • Accounts must be opened by October 31, 2024. Direct deposits must be active within 8 weeks of account opening. Monthly direct deposit amounts must meet a tier’s minimum amount each month to qualify for the bonus. One bonus per member.
    • Open only to new checking account holders.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    This is a free checking account has no monthly fees to worry about.

    Early Account Termination Fee

    According to the fee schedule there is a $15 fee if closed within 180 days.

    Our Verdict

    Great deal if you’re eligible for an account and have a large direct deposit to move over. The previous deal was for $750 without the high direct deposit requirements – see the comments on the prior posts to read experiences with the credit union. 

    Hat tip to reader killdozer

    Useful posts regarding bank bonuses:

    Chuck

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  • [MI] Portland Federal Credit Union (PFCU) $100 Referral Bonus – Doctor Of Credit

    [MI] Portland Federal Credit Union (PFCU) $100 Referral Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $100
    • Availability: Michigan
    • 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: Unknown
    • Household limit: None
    • Expiration date: None

    The Offer

    Direct link to offer

    • PFCU is offering a $100 referral bonus when the person setting up a new account complete the following requirements:
      • Set up statement savings and checking account
      • Establish access and use of PFCU Online Banking with E-Statements
      • Establish Direct Deposit

    The Fine Print

    • Refer-A-Friend cash bonus offer terms and conditions. New member must present Referral Code at time of account opening and establish a Membership Savings and Checking Account.
    • New members cannot have any existing accounts (primary or joint owner) within the last 12 months.
    • Member and referee cannot begin credit union membership on the same business day.
    • Account Opening Criteria: Primary account holder must be 18 years or older and meet PFCU’s membership eligibility and credit qualification requirements, including opening a Membership Savings Account with a minimum balance of $5 and a Checking Account. Cash Bonus Criteria:
    • To receive the cash bonus, the new account must meet the following criteria within the first 30 days: 1. Establish access and use of PFCU Online Banking with E-Statements and 2. Establish Direct Deposit. 3. Must be open and cannot be delinquent (more than 30 days) at time of bonus payment. Bonus will be deposited into the qualifying account and referring member’s account within 10 business days in the month following the end of the first 30-day period if qualifications are met. Referring member must have an open and active share account at time of bonus payment and be at least 18 years of age. Bonus amounts may be subject to applicable taxes and are the responsibility of the member. Bonus cannot be combined with any other account opening offer. Referrals limited to twenty per member. Terms and conditions subject to change without notice.
    • 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

    Feel free to share whether it’s a hard or soft pull in the comments below as well as your referral information.

    Hat tip to reader Garp

    Useful posts regarding bank bonuses:

    William Charles

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  • [MI Only] People Driven Credit Union $200 Checking Bonus – Doctor Of Credit

    [MI Only] People Driven Credit Union $200 Checking Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $200
    • Availability: MI only
    • Direct deposit required: Yes, recurring. No minimum mentioned
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: None
    • Monthly fees: None
    • Early account termination fee: Six months, bonus forfeit
    • Household limit: None
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • People Driven Credit Union is offering a $200 bonus when you open a new checking account and complete the following requirements:
      • Set up a recurring direct deposit within 30 days of account opening

    The Fine Print

    • *TO QUALIFY FOR THE $200 CASH BONUS, YOU MUST BE A MEMBER, OPEN A QUALIFYING CHECKING ACCOUNT WITH PEOPLE DRIVEN CREDIT UNION (“PDCU”), AND MEET THE DEPOSIT CONDITIONS OUTLINED BELOW.
    • YOU MUST ALSO SET UP A RECURRING DIRECT DEPOSIT INTO YOUR NEW PDCU CHECKING ACCOUNT WITHIN 30 DAYS OF ACCOUNT OPENING.
    • A QUALIFYING DIRECT DEPOSIT IS DEFINED AS A RECURRING ELECTRONIC DEPOSIT MADE BY AN EMPLOYER OR AN OUTSIDE AGENCY. TRANSFERS FROM ONE ACCOUNT TO ANOTHER OR DEPOSITS MADE AT A BRANCH OR ATM DO NOT QUALIFY.
    • THE $200 CASH BONUS WILL BE CREDITED TO YOUR PDCU CHECKING ACCOUNT WITHIN 120 DAYS OF MEETING THE DIRECT DEPOSIT REQUIREMENT.
    • IF YOUR CHECKING ACCOUNT IS CLOSED WITHIN SIX MONTHS OF OPENING, PDCU RESERVES THE RIGHT TO DEDUCT THE BONUS AMOUNT FROM THE ACCOUNT AT THE TIME OF CLOSING. BONUSES ARE CONSIDERED INTEREST AND WILL BE REPORTED ON IRS FORM 1099-INT (OR FORM 1042-S, IF APPLICABLE).
    • THIS PROMOTION IS SUBJECT TO CHANGE OR TERMINATION AT ANY TIME WITHOUT NOTICE.
    • PDCU MAY DISCONTINUE OR MODIFY THE OFFER IF ANY FACTOR INTERFERES WITH ITS PROPER CONDUCT. THIS OFFER CANNOT BE COMBINED WITH ANY OTHER CHECKING ACCOUNT PROMOTION.
    • PDCU RESERVES THE RIGHT TO DETERMINE THE ELIGIBILITY OF ANY ACCOUNT FOR THE BONUS. BY PARTICIPATING IN THIS PROMOTION, YOU AGREE TO BE BOUND BY THESE TERMS AND CONDITIONS. PLEASE CONTACT PDCU FOR FURTHER DETAILS OR CLARIFICATION.
    • 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

    Bonus forfeit if account is closed within six months.

    Our Verdict

    Need to know if it’s a hard or soft pull. Seems like a relatively easy bonus.

    Useful posts regarding bank bonuses:

    William Charles

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  • [CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL] Citizens Bank $300 Savings Bonus – Doctor Of Credit

    [CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL] Citizens Bank $300 Savings Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $300
    • Availability: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL
    • Deposit required: $15,000
    • APY: 0.07% APY
    • Hard/soft pull: Soft pull as long as you opt out of over draft protecton.
    • ChexSystems: Mixed data points
    • Credit card funding: None
    • Monthly fees: Avoidable
    • Early account termination fee: None
    • Household limit: None
    • Expiration date: 4/16/24

    The Offer

    Direct link to offer

    • Citizens Bank is offering a $300 bonus when you open a new savings account and complete the following requirements:
      • Deposit a minimum of $15,000 not already on deposit with Citizens within 10 days of account opening and maintain balance until:
        • June 30, 2024 for accounts opened in March
        • July 31, 2024 for accounts open in April
      • You must also have an existing Citizens Quest Checking account or open a new Citizens Quest Checking account between 3/26/24 and 4/16/24

    The Fine Print

    • To earn a $300 bonus, open your first new savings account between 3/26/24 and 4/16/24 and have a minimum of $15,000 not already on deposit with Citizens post within 10 days of account opening and remains on deposit until date stated in the table below.
    • You must also have an existing Citizens Quest Checking account or open a new Citizens Quest Checking account between 3/26/24 and 4/16/24.
    • Qualifications: Primary signer on the new savings account may not be or have been a signer on any Citizens personal savings account within the previous six months.
    • Your new savings account and your new or existing checking account must have a balance greater than zero and remain open and active through the payout date stated in the table below to qualify for this offer.
    • Eligibility: Customer must open their first new savings account via Citizens’ online account opening system accessed by clicking on one of the links on this page.
    • Customer should print this screen for their records. Customer will only be paid a one-time bonus for this program. Only one savings account is eligible for a bonus. Offers may be withdrawn without notice and cannot be combined with any other savings offer. Offer eligibility is determined at Citizens’ sole discretion. Payout: Bonus will be deposited to the checking account by the date stated in the table below and will be labeled as “Balance Builder Bonus”. If your checking account is closed prior to payout date stated in the table below, then your new savings account will also no longer be eligible for this offer. Bonus will be reported to the IRS for income tax purposes.
    • 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 fee as long as you have a Quest checking account.

    Early Account Termination Fee

    As far as we know there is no early account termination fee.

    Our Verdict

    You can get a $400 checking bonus if you don’t already have a checking account with Citizens Bank. Just keep in mind you need a Quest checking account and that’s more difficult to keep fee free. At minimum you’d need the funds in the account for 3 months, this works out to be an annualized return of 8%. Slightly better than high yield savings accounts but probably not worth it for most people due to the harder to keep fee free account.

    Hat ti to Phil P

    Useful posts regarding bank bonuses:

    William Charles

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  • [AZ, CA, FL, IN, MI, NJ, NY, OH, WI] Flagstar Bank $250-$350 Checking Bonus – Doctor Of Credit

    [AZ, CA, FL, IN, MI, NJ, NY, OH, WI] Flagstar Bank $250-$350 Checking Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $350
    • Availability: Arizona, California, Florida, Indiana, Michigan, New Jersey, New York, Ohio, and Wisconsin
    • Direct deposit required: Yes, $500+
    • Additional requirements: $500 average balance
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: None
    • Monthly fees: $0-$15
    • Early account termination fee: 180 days, bonus forfeit
    • Household limit: One
    • Expiration date: April 30, 2024

    The Offer

    Direct link to offer

    • Flagstar Bank is offering a checking bonus of up to $350.
      • $250 when you open a Flagstar Ready Checking and complete the following requirements:
        • Maintain an average daily balance of $500+
        • Have one or more direct deposits totaling $500 or more
      • $350 when you open a Flagstar Elite Checking and complete the following requirements:
        • Maintain an average daily balance of $500+
        • Have one or more direct deposits totaling $500 or more

    The Fine Print

    • You must be a new personal checking customer of Flagstar Bank.
    • You must open a Flagstar Ready Checking or Flagstar Elite Checking account.
    • Minimum $50 deposit to open checking account.
    • You will receive a $250 credit for Flagstar Ready Checking or a $350 credit for Flagstar Elite Checking into this account as a bonus 91-104 days after an initial deposit is made to the new account (account funding) opened, subject to the following conditions:
    • Within the first 90 days of the account funding (bonus period) you must maintain an average daily Balance of $500 or more and have one or more direct deposits (ACH credits) totaling $500 or more.
    • Additionally, (i) this offer is limited to one checking bonus per household, (ii)Flagstar Ready Checking account must be funded within 90 days of the account opening date, Flagstar Elite Checking account must be funded within 60 days of the account opening date, (iii) early account closure fee and reclamation of bonus may be imposed for accounts closed within 180 days, and (iv) Flagstar Bank employees are not eligible for the offer.
    • If you have been paid a checking cash bonus previously, you are ineligible to receive this offer.
    • For tax purposes, you will receive an IRS form from Flagstar Bank.
    • Offer subject to change or cancellation at any time without notice. Receiving this offer does not guarantee your eligibility. A
    • ll account applications are subject to our normal approval process. Area restrictions may apply.
    • Offer expires April 30, 2024.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    • Flagstar ready checking account has no monthly fee when you opt into eStatements
    • Flagstar Elite Checking has a $15 monthly service charge, waived when you maintain a $25,000 combined monthly average balance in your Flagstar personal deposit accounts

    Early Account Termination Fee

    Bonus is forfeit if account is closed within 180 days

    Our Verdict

    Previously there was a $250 bonus that didn’t require a direct deposit. Seems to be available in more states now. The $350 checking bonus isn’t worth considering due to the $25,000 deposit requirement to keep the account fee free (remember account needs to be kept open for 180 days to avoid the closure fee). If you put those funds into a high yield account earning 5% you’d earn $625. We will add this bonus to our best bank account bonuses.

    Hat tip to reader Jason S

    Useful posts regarding bank bonuses:

    William Charles

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  • [IL, MI, MO, CA, FL & WI] CIBC US $200 Checking Bonus – In Branch Only – Doctor Of Credit

    [IL, MI, MO, CA, FL & WI] CIBC US $200 Checking Bonus – In Branch Only – Doctor Of Credit

    Update 2/22/24: CIBC now has branches in CA (SF) and FL (Palm Beach). Hat tip to RM

    Update 5/15/23: Deal is back. Hat tip to TOm

    Offer at a glance

    • Maximum bonus amount: $200
    • Availability: In branch only, branches are in IL, MI, MO & WI [Branch locations]
    • Direct deposit required: Direct deposit or ACH automated debit transaction
    • Additional requirements: eStatements
    • Hard/soft pull: Soft pull
    • ChexSystems: Yes
    • Credit card funding: None
    • Monthly fees: None
    • Early account termination fee:
    • Household limit: None listed
    • Expiration date: December 31st, 2019

    The Offer

    Direct link to offer

    • CIBC is offering a $200 checking bonus when you open a new iCan or MyChoice account in branch when you meet the following requirements:
      • Open account with a minimum of $500+
      • Receive at least one direct deposit or ACH automated debit transaction
      • Elect to receive electronic statements

    The Fine Print

    • Bonus will post within 100 days of account opening if requirements are met
    • The account must remain open on the payment date to receive the bonus
    • Only one bonus per person is allowed
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Looks like all the checking accounts are now fee free.

    Early Account Termination Fee

    There is a $25 early account termination fee if the account is closed within 90 days.

    Our Verdict

    We’ve previously posted another CIBC US deal for $300 that could be opened online but was only available to certain employer groupers. Some people were to sign up anyway and then their accounts were closed but CIBC did send them $150 check for the inconvenience. That’s always a good sign in terms of customer service in my opinion. This one should be open to anybody who can get to a branch, even if you live out of state. Definitely worth doing if you’re in the area as it seems like any ACH will trigger the direct deposit requirement. I’ve added it to the best bank bonus page.

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

    Useful posts regarding bank bonuses:

    Post history:

    • Update 8/4/19: Bonus is back for 2019.

    William Charles

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  • [MI] Community Financial Credit Union $750 Business Checking Bonus – Doctor Of Credit

    [MI] Community Financial Credit Union $750 Business Checking Bonus – Doctor Of Credit

    Offer at a glance

    The Offer

    Direct link to offer

    • Community Financial Credit Union is offering a $750 business  bonus when you open a new business checking account and complete the following requirements:
      • Open a new business checking account
      • Open the account with funds from outside Community Financial Credit Union
      • Use your business debit card 5 times per month for 3 months
      • Maintain a $15,000 minimum balance for 3 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

    Free business checking has no monthly fee to worry about.

    Early Account Termination Fee

    According to the fee schedule there is a $15 fee if closed within 180 days.

    Our Verdict

    There is also a personal checking bonus for $750. That bonus is better as it only requires a $5,000 bonus but both still worth doing if you can.

    Hat tip to Tikky

    Useful posts regarding bank bonuses:

    William Charles

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  • [MI only] Financial Plus Credit Union $300 Checking Bonus – Doctor Of Credit

    [MI only] Financial Plus Credit Union $300 Checking Bonus – Doctor Of Credit

    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

    Useful posts regarding bank bonuses:

    William Charles

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  • [MI only] AAC Credit Union $200 Checking Bonus – Doctor Of Credit

    [MI only] AAC Credit Union $200 Checking Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $200
    • Availability: MI
    • Direct deposit required: Yes, $500 minimum
    • Additional requirements: Yes, see below
    • Hard/soft pull: Unknown 
    • ChexSystems: Unknown
    • Credit card funding: Unknown 
    • Monthly fees: None
    • Early account termination fee: None
    • Household limit: One
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • AAC Credit Union is offering a $200 bonus when you open the Total Package. This requires the following, open new Free & Easy checking account and within 60 days also
      • Activate your debit card and make at least one debit card transactions in the first 30 days
      • Go paperless (must log into online banking to accept)
      • Start recurring direct deposit to AAC ($500 monthly minimum)

    The Fine Print

    • Must be a new AAC Credit Union member, or not currently have a checking, debit card, and direct deposit.
    • Must be 18 years or older.
    • Requirements must be completed within 60 days of opening. Paperless means receiving electronic statements and notices.
    • Direct deposit must be recurring (more than a one-time deposit). One per new member.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    There is no monthly fee on their Free & Easy checking account.

    Early Account Termination Fee

    There is no early account termination fee that I can see listed in the fee schedule.

    Our Verdict

    Been a long time since we’ve seen a bonus from AAC. It’s nice that this one can be opened online as well. If anybody decides to go for the bonus share your experiences in the comments below.

    Useful posts regarding bank bonuses:

    William Charles

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  • [FL, GA, IL, IN, KY, MI, NC, OH, TN, WV, SC] Fifth Third $350 Checking Bonus – Doctor Of Credit

    [FL, GA, IL, IN, KY, MI, NC, OH, TN, WV, SC] Fifth Third $350 Checking Bonus – Doctor Of Credit

    Update 10/28/23: Bonus now $350. Hat tip to Etheostoma

    Update 5/1/23: Bonus now $225.

    Update 2/27/23: Bonus reduced to $275.

    Update 12/2/22: Bonus now $325. Better to wait for $375 to return.

    Update 9/17/22: Bonus is now $250. We have removed this from the best bank bonus page as previously it was $375.

    Update 7/4/22: Extended through September 30, 2022.

    Update 6/11/22: Bonus has been increased to $375.

    Update 5/2/22: Bonus is now $350 instead of $300. Direct deposit requirement reduced to $500 from $1,000.

    Update 4/2/22: Extended until June 30, 2022.

    Update 1/6/22: Extended until 03/31.

    Update 9/8/21: Deal is back and valid until December 31, 2021.

    Update 7/25/21: Deal is back and valid until Sep 30.

    Update 4/12/21: Deal is back until June 30, 2021.

    Update 1/6/2021: Deal is back and valid until March 31, 2021. Online opening no longer offered. Hat tip to reader AllwaysLearning22.

    Update 9/16/20: Deal is back and now requires $2,000 (or $1,000) in direct deposits unfortunately. Better to wait for the no direct deposit deal to return.

    Offer at a glance

    • Maximum bonus amount: $375
    • Availability: Only in the following states: FL, GA, IL, IN, KY, MI, NC, OH, TN, WV, SC (may be only for those within a 50-mile radius of a branch). A lot of the time you’ll need to go in branch to complete the account opening.
    • Direct deposit required: $500+
    • Additional requirements: None
    • Hard/soft pull: Soft
    • ChexSystems: Yes
    • Credit card funding: None
    • Monthly fees: None
    • Early account termination fee: None listed
    • Household limit: None
    • Expiration date: September 30th, 2017 December 31st, 2017. March 31st, 2018 June 30th, 2018 September 30th, 2018 December 31st, 2018 March 31st, 2019 April 30th, 2019 June 30th, 2019 October 31st, 2019. August 31, 2020. September 30th, 2020 October 31, 2020 December 31, 2020 March 31, 2021 Note these offers are known to expire earlier than the expiration date so do not leave it to the last minute.

    The Offer

    Direct link to offer

    • Fifth Third is offering a $350 bonus when you open a new Fifth Third Essential checking account when you complete the following requirements:
      • Make direct deposits totaling $500 or more within 90 days of account opening

     

     

    The Fine Print

    • Offer not available to existing checking or Express Banking customers or to those with a Fifth Third Checking or Express Banking account that has been closed within the last 12 months.
    • Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year.
    • Essential Checking account must be opened between 1/1/2021 and 3/31/2021.
    • Bonus will be deposited into your new checking account within 10 business days of completing requirements.
    • Basic Checking, Express Banking and Business Checking accounts are excluded from this offer.
    • Bonus may be taxable as interest income and reported on IRS Form 1099-INT.

    Avoiding Fees

    Some states are able to open the Free Checking Account with Extra time (now called Momentum checking), that’s the best option if available. Kentucky, Ohio, Indiana, Illinois, and Michigan all have the free option. Other states have another free checking offer.

    Early Account Termination Fee

    This account does not have an early account termination fee

    Our Verdict

    Fifth Third used to to offer a $300 bonus with no direct deposit or a $500 bonus with a direct deposit but neither of those offers have been seen since 2019. The standard bonus has been $300, so this is an increased offer by $50. We will be adding this to our best bank bonus page.

    Useful posts regarding bank bonuses:

    Post history:

    • Update: Some offers now requiring direct deposit, make sure to triple check your offer.
    • Update 6/12/20: Deal is back and valid until August 31, 2020. It looks like they are split testing offers though as I’ve seen offers for $50, $150 and $250 depending on the device I used. Make sure you see the $250 offer before applying, the $150 also has a direct deposit requirement whereas the $250 offer does not.  You can try using a VPN or clearing cookies to get the $250 offer to show. Hat tip to reader newbie & Ben
    • Update 1/4/20: Deal is back and valid until April 30th, 2020. This replaces the $500 deal. A lot of people will prefer this deal as it only requires $500 to be deposited rather than $20,000.
    • Update 7/1/19: Deal has been extended until September 30th, 2019
    • Update 5/20/19: Deal has been extended until June 30th, 2019. Hat tip to YAR
    • Update 1/6/19: Bonus is $250, I’d still recommend waiting for a bonus of $300 instead. There was also a recent $200 + $200 deal as well.
    • Update  07/01/18: Bonus has been extended until September 30th, 2018 but reduced to $200. I’d recommend waiting for the bigger $300 bonus to come back.
    • Update 04/02/18: Bonus is now $250 instead of $200. Can be opened online (e-mail yourself a coupon and then follow the prompts)
    • Update 01/07/18: Bonus is back but is now only $200 instead of $300. Might be worth waiting for a bigger bonus to come along.
    • Bonus has been increased to $300 and can be opened online again! Hat tip to reader Yaobang. Looks like $300 offer is only showing for some people, try incognito mode or google search for ‘Fifth Third’ or ‘Fifth Third $300’ and see if there is an ad for the offer or look at the comments for more ideas.

    William Charles

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