Offer at a glance
- Maximum bonus amount: $200
- Availability: Anybody can join by joining the Connexus Association and paying a $5 one time donation. If you live in select counties in MN, NH, OH, WI then you can join for free
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: All recent datapoints say soft pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: 5/5/2024
Contents
The Offer
- Connexus Credit Union is offering a bonus of $200 when you open a new Xtraordinary checking account and complete the following requirements:
- Use promo code CHECKING200
- Enroll in eStatements
- Make 30 qualifying debit card transactions within the first three months of account opening
The Fine Print
- Offer applies to individuals age 18 or over who open an Xtraordinary Checking account between 2/5/2024 and 5/5/2024.
- Offer is not valid to Connexus members with any type of checking account currently open at Connexus or those with a checking account that was closed after 1/1/2023.
- Offer limited to one $200 bonus per member.
- Offer subject to change or termination. To earn the $200 bonus, you must apply promo code CHECKING200 at the time of application, enroll to receive eStatements, and make 30 qualifying debit card transactions within the first three months of account opening.
- Accounts must be open for at least three months to qualify for the bonus. Qualifying debit card purchases include in-person and online net point-of-sale merchant purchases; examples include grocery, gasoline, shopping, and dining.
- Non-qualifying transactions include money order purchases, ATM transactions, and peer-to-peer fund transfers (such as transfers via PayPal, Venmo, and Apple Cash).
- The $200 bonus is subject to income tax reporting and will be credited to your account within 10 business days after the three-month anniversary if the stated requirements have been met.
- To receive the bonus, the Xtraordinary Checking account must be open at the time the bonus is credited.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about. There is a $5 inactivity fee
Early Account Termination Fee
I wasn’t able to find an early account termination fee in the fee schedule
Our Verdict
We have seen a $250 bonus with similar requirements in the past but that deal died extremely quickly. I suspect this deal will also end before the end date so I’d sign up quickly if you’re interested. Easy bonus and definitely worth doing, will add this to our list of the best bank account bonuses.
Hat tip to reader Jun
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
