Posted by William Charles on December 5, 2019
Bank Account Bonuses

Published on December 5th, 2019 | by William Charles

140

[AZ only] OneAZ Credit Union $500 Checking Bonus

Update 12/5/19: Bonus is back and $500 again. Being sponsored won’t work anymore as terms now state Offer available only to new OneAZ Credit Union members who are permanent residents residing in Arizona. Also this term is new: “Qualifying monthly direct deposits must continue in account for a minimum of 6 months.

Update 11/28/19: Bonus reduced to $300 again

Update 11/25/19: Now confirmed to be a soft pull. In addition there is a link for a $500 bonus instead of $300. Hat tip to Arizonapv

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: Must be a resident or work in Arizona (or attend school, worship or volunteer)
  • Direct deposit required: Yes, $500+, must be continued for six months
  • Additional requirements: None
  • Hard/soft pull:Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Up to $500 
  • Monthly fees: $7, avoidable
  • Early account termination fee: Bonus forfeit, six months
  • Household limit: None listed
  • Expiration date: December 30th, 2019

The Offer

Direct link to offer

  • OneAZ Credit Union is offering a bonus of $500 when you open a new checking account and complete the following requirements:
    • Have monthly direct deposit totaling $500 or more made to this account within 60 days of account opening

 

The Fine Print

  • To receive the $300 bonus, you must 1) Open a NEW checking account AND 2) Have monthly direct deposit totaling $500 or more made to this account within 60 days of account opening.
  • Important Information: Your direct deposit must be an electronic deposit of your paycheck, investment account, pension or government benefits (such as Social Security) from your employer or government agency.
  • After all the above requirements have been met, we will deposit the $300 bonus in your new checking account within 14 business days.
  • Bonuses are considered dividends and will be reported on IRS form 1099-INT (or Form 1042-S, if applicable).
  • Offer is not available to existing OneAZ Credit Union members.
  • This offer is not transferable and cannot be combined with any other promotions.

Avoiding Fees

Monthly Fees

Arizona checking account is the easiest to keep fee free (outside of the student account). The $7 monthly fee is waived if you do any of the following:

  • One or more direct deposit transaction(s) each month OR
  • ten or more debit card purchases a month OR
  • minimum $2,000 aggregate average daily balance in checking, savings and/or money market deposits OR
  • minimum $10,000 aggregate month-end loan balances

Early Account Termination Fee

Account must be kept open for six months otherwise you will forfeit the bonus

Our Verdict

This has now been confirmed to be a soft pull (even says so in the disclosures during sign up), I’d still opt out of overdraft protection but overall this bonus is well worth doing and we will add it to our list of the best checking bonuses.

Hat tip to reader LeSpare1

Useful posts regarding bank bonuses:



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Gadget - Bank Bonus Geek 🕵️

Looks like anyone can join if you get a current member to sponsor you. I would like to be sponsored. https://www.oneazcu.com/about/about-us/membership/

Dayn_Perrys_Vape
Dayn_Perrys_Vape

Would love to be sponsored as well!

AllenW
AllenW

I also would like to be sponsored

Wong
Wong

Would love to be sponsored as well, my email is wangshen2014@gmail.com

Jonny
Jonny

I would as well. Much appreciate it!

Jonny
Jonny

jon at berkeley dot ‘edu please

Lisa
Lisa

Me too! 🙂 please email me girlfromhi at yahoo. Much appreciated.

Ry
Ry

I’m already a member, so I’ll have to figure out how to sponsor.

Ryan
Ryan

Can you sponsor me too? rmccallumucm at gmail. Appreciate it!

Lisa
Lisa

Ry I think you just need to let know know your name and “relationship” Not sure if friends would work based on previous comments.

Ryan
Ryan

I’m willing to give it a shot. Can you email me and ill provide that info 🙂

Wong
Wong

Ryan Would love to be sponsored as well, my email is wangshen2014 at gmail.com

Lisa
Lisa

ryan please email me too.

andrew
andrew

Do you mind trying to sponsor me? gerde989 at gmail. Thanks!

Harry
Harry

Can you please sponsor me too? harshakanagala at gmail. Thank you !!

Uros
Uros

Please sponsor me too, i’ll make sure to return the favor urosorlovic@gmail.com

Sandy
Sandy

I spoke to the CS rep about the $500 offer. He claims that $1K/mo DD for 6 months must be made in order to keep the bonus. Is that info correct?

James
James

I would love to be sponsored as well 🙂

Sammy
Sammy

Thanks for posting this offer, it looks to be one of the easiest bonuses ever! Just placed my app-in, and will be contacted by a One-AZ rep shortly (possibly tomorrow). Love that this bonus also includes the potential to fund it with $500 via credit card, making this even sweeter! I used a Citi DC card during the application, will let you all know if there is a hard pull and whether the Citi DC card coded as a purchase once my account is open.

icemule1
icemule1

I’m awaiting your results before I apply. Thanks for offering to report back.

DaveInAZ
DaveInAZ

I have 2 savings accounts with OneAZ because you can have up to 6 and fund each w/$500 CC funding. Funded 1 w/BBVA CC & 1 w/CapOne QS, both posted as a purchase. Also it’s a SP on Experian, not sure about Chex

icemule1
icemule1

Thanks for the info. I applied today.

Dayn_Perrys_Vape
Dayn_Perrys_Vape

Good info. Any way you’d be willing to sponsor me for eligibility? jjbattoe@gmail.com

Lisa
Lisa

DaveInAZ Any chance you can sponsor me to join? Please email me girlfromhi at yahoo.

Wong
Wong

Would love to be sponsored as well, my email is wangshen2014 at gmail.com

Sammy
Sammy

Update: Unfortunately, my online app did not process properly and I had to go in-branch. Definitely a soft pull, they do not seem to be Chex sensitive as I had opened more than 6 bank accounts within the last 6 months, three of them being in November. Their in-branch brochure mentioned them pulling Chexsystems, but I have yet to see if they actually did.

Accountant69
Accountant69

Love OneAz. They’re my main bank (or credit union). Might be able to convince my wife to move from WF to this now.

Ryan
Ryan

Can you provide a referral? my email is rmccallumucm at gmail. Thanks 🙂

tb
tb

In the disclosures they specifically state its a soft inquiry which won’t affect your credit score.

arizonapv
arizonapv

William Charles You might want to add: Offer is not available to existing OneAZ Credit Union members.

DaveInAZ
DaveInAZ

Rats! I have 2 savings accounts w/OneAZ. I’d go to a branch & close them, no language about how long not a member, but offer expires 11/29.

Lisa
Lisa

arizonapv if you are a member can you sponsor me? Please email me at girlfromhi at yahoo

icemule1
icemule1

Regarding the account termination fee, I found this at the bottom of the link page:

Account Closure: If the checking account is closed by the member or by OneAZ Credit Union within six months after opening, we will deduct the bonus amount from that account at closing.

Parts Unknown
Parts Unknown

Account Closure: If the checking account is closed by the member or by OneAZ Credit Union within six months after opening, we will deduct the bonus amount from that account at closing.

gus g
gus g

Could use a little bit of help so if I fund my account with a credit card for the minimum $500 to meet the requirement I will get the bonus even though it is not a direct deposit ? I’m a little confuse. thanks for the advice and thanks DoC for continuing to post these bank bonuses.

DaveInAZ
DaveInAZ

No, Read the requirements: “Your direct deposit must be an electronic deposit of your paycheck, investment account, pension or government benefits from your employer or government agency”. Your initial funding, whether by credit card, cash or check is NOT a direct deposit..

gus g
gus g

ok thanks for the reply just that I read here in the thread that someone funded their account with their cc must be for other reasons.

DaveInAZ
DaveInAZ

Funding a bank account opening deposit with a credit card is popular because it usually posts as a purchase, so with a rewards card you earn cashback or points, or with a new card with a SUB (bonus) it counts as part of the spend requirement to earn the SUB/bonus. But an opening deposit never counts as any direct deposit requirement no matter how you fund the deposit.

ChurnNBurn
ChurnNBurn
desert rat
desert rat

Just applied. They will contact me soon. Tried to use AmEx to fund, but wouldn’t work, so used BMO bank MC card. There was no option to open an Arizona chkg account, had to open Premium account – $12 monthly fee. Will have to look up min bal requirement after DDs stop.

oh – a bit of a bummer. to keep Preminum chkg fee free:

*You can avoid monthly service fees if you have:
Average daily checking account balance of $5,000 or more
OR minimum $15,000 aggregate average daily balance in checking, savings and/or money market deposits
OR minimum $20,000 aggregate month-end loan balances

Nothing about DD avoiding maint fee. will have to call them about this.

desert rat
desert rat

OK: called and was able to get them to change the premium chkg to az chkg. I didn’t see an option to choose the az acct during app process, but they will change it for me now, so will be easier to avoid fees.

NewMunicipality
NewMunicipality

Looks like a better $500 bonus is available as well:

https://www.oneazcu.com/500-checking-az

icemule1
icemule1

Wow, wish I’d known about this before applying today. Going to see if they can cancel my initial application so I can reapply with this $500 promotion.

It’s frustrating. Apply too early, miss opportunities like this where new links are found and bonuses are increased. Apply too late, and the promotion gets pulled early.

mike
mike

Soft pull confirmed. Says in the disclosure before you join.

anthony
anthony

any chance you can refer me? my email is lalwat@live.com

RV
RV

Same here. I’d love to also, but I’m in CA.

RV
RV

Forgot my email clocpw2@yahoo.com

Arva Hussain
Arva Hussain

Hello, any way you can refer me please??? fbohra2@gmail.com. thanks a lot.

A
A

Literally signed up about 1hr before the $500 link posted. Anyway to get the $500?

Me
Me

I did the same so annoying 🙁

YD
YD

would love to be sponsored. my email is daiyuda@gmail.

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