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
- 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.
Useful posts regarding bank bonuses: