Farmers Insurance Federal Credit Union (FIGFCU) $250 Checking Bonus

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• I won my NCUA complaint without a fight and got this passive aggressive response from the "Chairperson of the Supervisory Committee" lol

  I am in receipt of your NCUA member complaint (xxxxx).  I understand that your complaint pertains to you having received $100 as opposed to $250 of the referenced promotional bonus as offered for signing up for your checking account. We have reviewed your account and decided to give you the additional $150.00 even though your direct deposits for the first 3 months of your account were not at least $5,000.00 per month due to the fact that you apparently did not understand the criteria for the higher reward and your direct deposits for months 3 – 5 were at least $5,000.00. You should receive the credit the week of May 13th. 

  Thank you,
  Derek Ferrendelli

  • Is what they wrote true? If so, you should have only received $100 and not $250.

• New promo code GHYCHECK as of July 2025 and the new offer requires 4 consecutive months DD instead of 3 consecutive months.

  • @guest_2053820 I still see only for 3 consecutive months for that new promo code. Where do you see saying 4 Months?

    New Member Bonus**. It’s our way of saying thanks for joining the family. Earn up to a:

    • $250 bonus when you open a High Yield Checking account and make direct deposits of $5,000 or more a month for three consecutive months.
    • $100 bonus when you open a High Yield Checking account and make direct deposits of $1,000 to $4,999 a month for three consecutive months.

    Use promo code GHYCHECK at signup. 

    • They didn't update the ad at the top yet (as of 7/12/25). But scroll to the bottom of the page for the new terms.

      I'd say the "3 months" you see at the top is probably an oversight, not an intentional booby trap.
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      New Member Checking & Direct Deposit Bonus: New Members/New Account must use a valid “promo/promotional” code at signup/account opening to be eligible to receive the bonus. Offer not available to existing FIGFCU Members. Offer cannot be combined with any other new member offer and is limited to one bonus per account and per Member.
      Checking & Direct Deposit Bonus: Eligible “New Member” must open a FIGFCU Checking (sharedraft)account within 10 days of joining the Credit Union, and posted a qualified ACH Direct Deposit amounting to a minimum of $1,000 (one thousand dollars) per calendar month into the Checking account no later than 40 days after joining the Credit Union. Once the account is open the qualifying ACH Direct Deposit must occur for the next 3 (three) consecutive months before bonus is paid. The amount of the qualifying deposits for the first 4 (four) months after the checking account is opened will determine the amount of the bonus. The bonus will be paid by the 20th day of the following fourth month. 

      • $100 bonus for newly qualified Direct Deposits totaling $1,000 to $4,999 for the 4 consecutive months from when the checking account is opened, including the month the account was opened.

      • $250 bonus for newly qualified Direct Deposits totaling $5,000 or more for the 4 consecutive months from when the checking account is opened, including the month the account was opened. "

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      I saved the page to WaybackMachine in case anyone gets caught before they fix it. But be sure to get a fresh screenshot before you apply!

      I would follow the full terms to a "t" and be sure to DD for all 4 months. A screenshot showing the contradiction would help with the NCUA complaint you'll probably need to file if you only do 3.

      • Oh god, excellent catch. If I go with it I would definitely do for 4 months.

• Opened March 2025 with promo code NMHYC.

  "The ACH Direct Deposit must occur for 3 (three) consecutive months before bonus is paid."

  $5k+ DD/month March, April, May 2025.

  "Bonus will be paid by the 20th day of the following month."

  No bonus as of 6/28/25.
  "the 20th day of the following month" was 6/20/25.

  • Has your $250 posted? Did you call the bank?

• Opened 2/27
  Used Chase business for DD
  $250 posted 6/25

• I'm assuming this is a one-time bonus considering the terms don't talk about a cool down period?

• Opened account 2/10/25, Schwab brokerage $5,000 push Feb, Mar, Apr. Received $250 bonus in membership account 5/14/25.

• • Opened 1/27/2025
  • $1,000 cc fund with Chase Ink
  • 2x $2500 push from Fidelity CMA per month (Feb, Mar, Apr)
  • $250 Bonus received 5/14/2025

• This bank is so incompetent. I requested that my accounts be closed two weeks ago, but they're still open. Their Docusign process to request closure is very finicky and when I did it two weeks ago, I couldn't open the first version at all, had to call again, then the second Docusign kept saying that my driver's license was a copy and it wouldn't let me proceed. After calling again, I finally submitted the Docusign only to discover yesterday after I called yet again that the field for reason for closure was blank (I thought Docusign doesn't allow you to complete it without completing all required fields.) I was told that another Docusign would be sent yesterday but it wasn't so I had to call again. After finally receiving a new Docusign, this time the rep misspelled my last name so when I uploaded my license, the name was a mismatch and it wouldn't let me proceed. So I had to call yet again and request yet another Docusign, which I still haven't received. Has anyone else had trouble closing their accounts? It's times like this that make me not feel bad about churning bonuses, even at credit unions

• Can confirm that Sofi Banking (the personal checking) works as a fake DD.

  • 12/31/24 High-yield checking & membership savings opened, I put $1k for CC funding but they only did $20 in the checking and $5 into the membership savings. Coded as 2 purchases on a Wells Fargo Signify Business card.
  • 1/16, 2/20, 3/17 - Transferred $5k from Fidelity -> Sofi Banking -> High-Yield Checking and withdrew the next day. Shows as "External Deposit {first initial + last name} - TRANSFER"
  • 4/21 - $250 in my membership savings
  • 4/30 - $5 inactivity fee in the HY checking because I had given up on this bonus earlier in the month

  Now going to transfer that out and close this down. I don't think dicking about to get 10 debit transactions each month is worth the extra $4.17 per month gross over Fidelity money markets, and I'd rather have the money working on other bonuses anyway.

  • How can you confirm sofi works when you used Fidelity too?

    • I did not, I was unable to link my Farmers accounts in Fidelity. I use Fidelity as a hub and sent the money from there to Sofi, then from Sofi to Farmers.

• I asked for clarification on ACH limits and got these answers:

  "When using the external transfer platform for the first time, for the first 60 days, your limit is $250 daily/$500 weekly." "These limits cannot be changed."

  The CSR recommended "using the transfer tool with these limits so that after the 60 days, your limit will change to $2500 daily/$5000 monthly."

  From that I infer the 60-day clock starts the first time you initiate an ACH with FIGFCUs transfer tool (not when you open the account). So it's worth making a few $250 pushes early on, even though you'll mostly want to pull from outside.

  On a positive note, pushes from FIGFCU arrive the next biz day.