Posted by William Charles on December 29, 2014
Bank Account Bonuses

Published on December 29th, 2014 | by William Charles


[Expired][FL only] Community First Credit Union of Florida $100 Checking Sign Up Bonus

This bonus has now expired, they are offering a iLive Bluetooth Speaker which is valued at under $50. You can view more cash checking sign up bonuses here.

Offer at a glance

  • Maximum bonus amount: $100 in cash and gift cards
  • Availability: Must live or work in Baker, Clay, Duval, Flagler, Nassau, Putnam or St. Johns counties in Florida
  • Direct deposit required: Optional
  • Additional requirements: See below
  • Hard/soft pull: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None 
  • Early account termination fee: $10 if closed within 6 months 
  • Expiration date: None listed

The Offer

Direct link to offer

  • Receive the following bonuses from Community First Credit Union of Florida when you use promotional code CHK2014, you must mention this offer at the time of opening.
    • $25 for opening a new checking account
    • $25 for direct deposit
    • $25 per friend you refer
    • $50 dining card for new debit card (this seems to be a gift card, which are not worth anywhere near their face value)

The Fine Print

  • There is a joining free of $5 which will be held in your community first share account
  • Minimum opening deposit of $25
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

There is an opening fee of $5 which is unavoidable, this is put into your share account. According to their fee schedule there is an early account termination fee of $10 if you close the account within 6 months of account opening.

Referral Program

They also offer a referral program which is OK. More information is found here. Basically you both get the following:

  • $50 RESTAURANT CREDIT (Dining Dough) for ordering a Debit Card at account opening
  • $25 CASH BONUS for a new Checking account
  • $25 CASH BONUS for a Direct Deposit of at least $300

Our Verdict

This bonus is relatively small ($100 and $50 of that is in gift cards which are only really worth maybe 10% of face value). Because of this and the fact we don’t know whether this is a hard or soft pull to open and what counts as a direct deposit I wouldn’t recommend this bonus to anybody.

Instead have a look at some of the bonuses we do recommend or our complete listing of checking account sign up bonuses.

Direct link to offer | Screenshot of offer

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