Posted by William Charles on January 18, 2020
Bank Account Bonuses

Published on January 18th, 2020 | by William Charles

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[Expired] [Ballston, VA Branch] Northwest Federal Credit Union $300 Checking Bonus

Deal has expired, view the best current checking bonuses by clicking here

Offer at a glance

The Offer

Direct link to offer

  • Northwest Federal Credit Union is offering a bonus of $300 when you open a new checking account in branch at the new Ballston branch and complete the following requirements:
    • Open your first Northwest Federal Checking account
    • Sign up for eStatements
    • Login to Online Banking
    • Set up Direct Deposit with at least $500
    • Use promo code B2020

The Fine Print

  • Limited time offer available 1/15/2020 – 2/15/2020.
  • To earn a $300 deposit into your checking account during the first 90 days after opening your first ever checking account with Northwest Federal you must: be 18 years of age or older, be in good standing, make a minimum of three direct deposits into the checking account with a minimum of $500 each deposit, sign up for e-Statements, and login to Online Banking at least once each month.
  • Once all requirements are met and your checking account has been open for 90 days, you will receive your deposit within 45 days.
  • Cannot be combined with other offers. Northwest Federal employees are not eligible to receive bonus. Use promo code B2020.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Choice checking has no monthly fees to worry about.

Early Account Termination Fee

There is no mention of an early account termination fee in the fee schedule.

Our Verdict

Saw this same bonus at all branches late last year. Pretty good bonus if you live near the Ballston branch I guess. I’ll add this to the best bank bonus page.

Hat tip to reader Jeff L

Useful posts regarding bank bonuses:



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IS250
IS250

“First ever checking account” – guess they will deny churning

Yuh
Yuh

1008 North Glebe Road
Arlington, VA 22201
I wasn’t able to find on google maps. I went to their site to find the location. Trying to save a search for anyone.

Don
Don

Do you have a DP on credit card funding?

Yuh
Yuh

Not yet. I am going to the bank this week.

Shirley
Shirley

For the previous bonus CC funding was up to $520 if that helps.

Yuh
Yuh

My USAA CC didn’t work. The teller mentioned that my debit card would count as a cash advance? I got $40 from the ATM outside to put in the account.

Mark
Mark

My real DDs are currently being taken up by HSBC, but I might try for this since Ballston is less than a mile up the road from my apartment. Since there are no fees and no minimums, the worst that happens is I just don’t get the bonus.

alex liang
alex liang

The direct deposit only one time is fine

JD202
JD202

How does one CC fund for this account? I don’t see it anywhere. Do I need to go in branch?

Joshua Champ
Joshua Champ

2/13/20 DP- at the Ballston Branch now. Tried to fund with Chase Visa. Charged as cash advance.

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