Update 1/12/23: Extended through March 31, 2023.Â
Update 10/14/22: Extended until December 31, 2022.
Update 3/26/22: Deal is back, but reduced from $500 to $300. Valid until Offer valid through September 30, 2022
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 $300 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
I am in CA and I received the bonus OOS. P2 and P3 were denied due to Chex. I am zeroing out the account as we speak just in case they decide to close my account like they did others. I do not plan on continuing to do direct deposits on this account for this reason. I joined through
mothman69’s method as I was unable to obtain a sponsorship for membership. There is a $50/$50 referral offer now, though I don’t know if it would stack with the $300 bonus offer.
Here’s my timeline:
10/2 – Applied and approved, $500 in CC funding posted (Wells Fargo Autograph posted as purchase)
10/21 – $1k DD PayPal
10/24 – $1k DD PayPal (did not trigger bonus, so I tried Cap One 360 since others got this to work)
11/1 – $1k DD Cap One 360
11/8 – $1k DD Cap One 360
11/15 – $300 bonus posted (“Bonus Payment Special Offer”)
I was thinking to try to have P2 and P3 apply again as a family member, though I don’t know if this would be able to override the CU’s Chex sensitivity or not. The checking account is now totally free, so you don’t have to worry about paying any of those pesky monthly fees that are still mentioned in Doc’s description of this bonus.
Would greatly appreciate it if someone can sponsor me –
torrent07.tish@gmail.com
Was anyone able to close this account before the 6 months without penalty?
Be wary of this CU if you don’t actually meet membership requirements. I applied 4/30 OOS and my account was locked around 6/27, ultimately closed on 7/20 (not made aware of this until my paper statement came the other day). They’re refusing to mail me a check of the money in my account and insisting I dispute it (initial CC funding and an ACH transfer from Cap1). Finally filed a complaint with the NCUA.
Meanwhile, P2 had no issue. Received the $300 after two Cap1 transfers and have zeroed out the account. Willing to refer a few if people want to take that risk.
I’ll take a referral. Str8fan11@gmail.com. Thanks
Please send me a referral at shashibykr@gmail.com
I would very much like to be sponsored in order to join this credit union. Thanks so much! Please send me an email at timmythetoot@sbcglobal.net if you are able to. Much appreciated!
If anyone is willing to sponsor me, I’d greatly appreciate it. lahue@live.com
Can some kind soul from this community sponsor me – roar43097@gmail.com?
Would really appreciate it if someone sponsored me. Str8fan11@gmail.com
I was shut down OOS. Referred P2 who stayed alive.
6/19 – Account opened
7/12 – $1k Cap1
8/1 – $1k Cap1
8/2 – $300 bonus posted
glad to see you got the bonus 🙂