[MI, only] Michigan Schools and Government Credit Union $100 Checking Bonus

Offer at a glance

• Maximum bonus amount: $100
• Availability: Michigan’s lower peninsula
• Direct deposit required: Yes, $100
• Additional requirements: eStatements, internet banking and 20 debit card transactions
• Hard/soft pull: Unknown
• Credit card funding: Unknown 
• Monthly fees: None
• Early account termination fee: Bonus forfeit if closed within six months
• Expiration date: August 31st, 2015 

The Offer

Direct link to offer

• Receive a sign up bonus of $100 when you open a regular checking account and complete all of the following:
  • Make an initial deposit of at least $100 within 7 days of account opening
  • Receive a direct deposit of at least $100 within 60 days of account opening
  • Sign up for eStatements and online banking
  • Use the account issued debit card at least twenty times
• You’ll also automatically be entered into the sweepstakes to win a trip to any one of the following places in Michigan: Holland, Traverse City, Mackinac Island. Full terms of sweepstakes can be found here.

The Fine Print

• Limit of one incentive per member
• Must not be a current checking customer and cannot have closed a checking account after May 1st, 2015
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Michigan Schools & Government Credit Union has a free checking account with no monthly fees, you need to keep this account open for at least six months to avoid losing the sign up bonus.

Our Verdict

This bonus has quite a lot of requirements and is only for $100, so I wouldn’t really recommend it unless you’ve already completed the other more profitable banking bonuses available. As always we’ve added it to our complete database of banking bonuses which can be found if you click here.

Direct link to offer | Screenshot of offer

Hat tip to Dom