Deal has ended, view more bank account bonuses by clicking here.
Update 6/29/20: Extended until August 31, 2020.
Update 3/6/20: Deal is back and valid until 6/30/20
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:Â $300
- Availability:Â Must be a resident or work in Arizona (or attend school, worship or volunteer)
- Direct deposit required:Â Yes, $1,000+, must be continued for six months
- Additional requirements:Â None
- Hard/soft pull:Soft pull
- ChexSystems: Unknown
- Credit card funding:Â Up to $500Â
- Monthly fees:Â $7, avoidable
- Early account termination fee:Â Bonus forfeit, six months
- Household limit:Â None listed
- Expiration date:Â December 30th, 2019
Contents
The 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 $1,000 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:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
DP: Chase, Discover, Paypal, Wells Fargo are all tagged as “External Deposit” and they did not trigger the bonus.
I had to call them to get my bonus. They were very helpful on the phone.
I know the promotion is over but I’d still like see if I could be sponsored. Could someone email me @ kjxxxx2@gmail.com I’m being the data I want to see.
Thanks
I successfully closed my accounts using Secure Message and attaching a photo of my signed written instructions plus my driver license. Thanks DoC + community!
Any help with this? Just moved to Arizona recently and wanted to take advantage of this promo. I went through the app and when I completed it, it said something to the effect of “Congratulations! A rep will be in touch with you shortly.” What’s the process now? I am trying to get the account opened ASAP to meet the 8/31 deadline.
same questions same situation
Wait for a phone call. Highly likely you’ll need to make an in-person branch visit. The phone call will set up an appointment. I went through this in mid April. 6 month requirement ends for me soon.
I didn’t need to go in. I did it on the phone a month ago.
What documents did they ask for when opening overthe phone?

Joe
DP:
07/28 Opened online
07/28 Made OneAZ an external account from my Citi savings & discover savings (both personal)
07/31 posted $500 from discover
08/04 posted $500 from Citi
08/14 $500 bonus posted “descriptive deposit”
08/14 Agent called me to personally let me know it had been posted, reaffirmed that $1,000 in DD must continue for 6 months of the account opening.
This credit union makes closing your account unnecessarily difficult.
I read the comment below (https://www.doctorofcredit.com/az-only-oneaz-credit-union-300-checking-bonus/#comment-993138) about taking a picture of a signed letter with your name, address, account numbers, etc and then emailing it over to them. I did that, and they sent me a letter in the mail saying they couldn’t close the account because they didn’t have a signature on file for me and the letter I sent to them didn’t have a notary stamp on it.
So now, I need to track down a notary and resend the info. Ridiculous that they need that just to close the account.
I took the pic of the letter along with my drivers license to prove my identity. They never replied but sent me my $5 share by check and my accounts disappeared from the app.
I can confirm that transfers from Etrade qualified…however, I contacted them through chat after making three transfers from Etrade over about 5 weeks and not seeing the bonus. The customer service rep said she would have the promotions team review my acct and the next day I received two voicemails from different reps from OneAZ Credit Union saying that they approved the bonus and $500 was deposited in my account. I opened the acct on June 12 and bonus posted on Aug 5 after having contacted them on Aug 4th about it.
I seem to have a cu blacklist any cu I signup for I get denied or even worse with this cu NO RESPONSE after applying twice over a year, is that even legal?
According to the website, Eligibility is still available to “Any person sponsored by an existing OneAZ Credit Union Member”
I would be extremely grateful for a sponsorship! – MikeyBB@sonic.net
Just got off the phone with the rep. He confirmed that in addition to $1k opening DD, every month at least $1k has to be deposited to the account (for 6+ months). However he stressed that I can use the money however I want once deposited, therefore technically only 1k is needed to complete the requirement (via circular ACH push). It’s just such a hassle… I have to set a reminder every month to do the requirement. Prolly not worth it, better to spend the money elsewhere…