Offer at a glance
- Maximum bonus amount: $400
- Availability:
- You are a current employee of the State of Florida.
- You are a retiree of the Florida Department of Transportation.
- You work for a company that has a current contract with the Florida Department of Transportation.
- You are an immediate family member of a current Connect Credit Union member.
- You live or work in an eligible Florida county.
- Counties: Brevard, Broward, Charlotte, Citrus, Collier, DeSoto, Duval, Flagler, Glades, Hardee, Hernando, Hillsborough, Indian River, Lake, Lee, Manatee, Martin, Miami-Dade, Monroe, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Sarasota, Seminole, St. Johns, St. Lucie and Volusia counties.
- Direct deposit required: Yes, $250+
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $2.75, avoidable but diffcult
- Early account termination fee:
- Household limit:
- Expiration date: 12/15/26
The Offer
- Connect Credit Union is offering a $400 bonus when you open a new connect checking account and complete the following requirements:
- Receive a total of at least $250 in qualifying direct deposits within 60 days
The Fine Print
- Bonus will be deposited within 60 days after all requirements are met. Membership eligibility, account-opening requirements and additional terms apply.
- A qualifying direct deposit must be an electronic deposit made to your new Checking Account by an employer or its payroll provider for payroll, or by a retirement fund or benefits provider for retirement benefits. Transfers between accounts, person-to-person payments, cash deposits, check deposits and deposits from other sources do not count toward the promotional direct deposit requirement.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Connect checking has a $2.75, requires a minimum combined deposit/loan balance of $10,000 to waived. Waived for the first 90 days.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if any EATF is charged.
Our Verdict
Looks like a good bonus, don’t think it’s worth trying to waive the monthly fee as it’s only $2.75 and requires a $10,000 balance. If you decide to go for it then please share your experiences in the comments below.
Hat tip to reader Bockrr
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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 Calculate And Share Your ChexSystems Datapoints
- 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
