Update 8/13/22: Deal is back for 2022. Hat tip to reader Katie P
Offer at a glance
- Maximum bonus amount: $300
- Availability: FL only
- Direct deposit required: Yes, $500+ within 60 days of opening
- Additional requirements: See below
- Hard/soft pull: Hard pull
- ChexSystems: Unknown
- Credit card funding: Up to $2,500
- Monthly fees: None
- Early account termination fee: $20, six months
- Household limit: None
- Expiration date: None listed
Contents
The Offer
- Florida Credit Union is offering a bonus of $300 when you complete the following requirements:
- Open a free personal full-service checking account and use promo code Use Promo Code 24CHK300
- Make a single or combined direct deposit of $500 within 60 days of opening.
- Keep account open for at least 90 days.
The Fine Print
- Offer can be cancelled at any time.
- Free membership is open to anyone within Florida Credit Union’s 45 county field of membership 1.
- Anyone who has held a checking account with FCU in the past year will not qualify for the incentive.
- Must be 18 years of age or older to qualify for this offer.
- Credit approval and initial $5 open deposit required.
- $500 cumulative direct deposit amount must be made to this account within the first 60 days of account opening.
- Your direct deposit needs to be an electronic deposit of your paycheck, pension or, government benefit (such as SSI) from your employer or the government.
- Person-to-person payments (such as Cash App, Venmo or PayPal) are not considered a direct deposit.
- If the requirements are met and the account remains open and in good standing for 90 days, the $300 reward will be made available to the member.
- $300 is considered interest and will be reported on IRS form 1099-INT.
- Prior terms subject to change.
- Full-service checking includes direct deposit, Visa debit card, online banking, and eStatements.
- Interest-Bearing Checking rates accurate as of 4/6/21 and subject to change at anytime.
- Minimum to earn interest is $10,000 for the Interest-Bearing Checking. APY is Annual Percentage Yield.
- Interest credited monthly. Fees may reduce earnings.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Both accounts offered have no monthly fee to worry about.
Early Account Termination Fee
According to the fee schedule there is a $20 fee if account is closed within 6 months of opening.
Our Verdict
Hard pull might make it a no deal for some people, although those matter less and less with how strict card issuers are these days. Given it’s a $300 bonus and the requirements are still relatively easy to meet I’ll be adding this to our list of the best bank account bonuses.
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
Applied 4/9/24
hard pull equifax
opened with chase united business for $2,500 coded as purchase
local to florida
Is this a hard pull or a soft pull? Please share more datapoints?
hard pull
Even if you already are a member with a savings account?
Approved OOS
How? The application only provides two options:
1. I live or work in the County of …
2. I am an existing member of Florida Credit Union.
More information is appreciated.
Given the context of the user names – could be same person ha – https://old.reddit.com/r/churning/comments/1bifs1q/bank_bonus_weekly_thread_week_of_march_19_2024/kvnzyrd/
They seemed to have went on a OOS spree. I had it bookmarked to check back to see if they provide info on all the approvals. I know a couple off the list had back door nationwide status but not sure about all of them.
I used a vacation home address in state.
Thanks, myth solved. You do have a legitimate address in their field of membership, which is different from what we normally mean by OOS. Teddy Ruxpin
Home address the vacation address
and mailing address OOS address?
Busey and Florida CU were the only ones that would accept my OOS mailing address. Midflorida CU and Suncoast CU would not accept my OOS mailing address and denied me due to “unable to verify identity”.
Brightstar CU denied me due to a chex score of “0000”, which means that I had it frozen.
Adding that I got the “visit a branch” message a few times.
Looks like they deleted the reddit
bonus is back for 2024 William Charles
Same offer but new promo code, 24CHK300. Was allowed up to $2,505 CC funding. Applied online, was given my application #, and told a rep willl contact me within 1 day to finalize the details of my request. Ended up getting a call almost instantly, the rep just confirmed all of my details, and told me I should get a call back later Today with an update. William Charles
keep us updated.. I just got the flyer.. though I’m not physically in FL right now.. an curious if you got approved..
what questions did they ask when they called? were they friendly? are they strict with CHEX inquiries? Matt F
thank u
Easy no-fuss bonus.
P1
6/28/23 Opened online, funded $2500 w/ FNBO evergreen biz, posted as purchase
Hard pull EQ
Set up a $251 real DD twice a month
9/26/23 $300 SUB posted
P2
9/18/23 Opened online, funded $2500 w/ Chase Freedom, posted as purchase
Hard pull EQ
Set up a $251 real DD twice a month
12/17/23 $300 SUB posted
We live in the Tampa Bay area.
Also NO Chex pull for either of us.
7/28: Opened checking/savings account with 5 dollar minimum deposit
8/04: Pushed 505 from Schwab categorized as investment income
8/29: Pushed 500 from Fidelity categorized as investment income
10/26: 300 Bonus posted as “Checking Bonus”
Side Note: I pushed from both Fidelity and Schwab because I saw no other DP in the comments that worked other than a employer direct deposit based on the comments below so I tried multiple. I have no idea which one worked.
Thanks for the DP. Hard pull, Brian?
Yes, looks like they pulled Equifax.
Thanks, I’m also attempting a Fidelity push to meet the DD reqs. From the limited DPs it looks like the payout is around 90 days from account opening.
Required in-person visit to branch to finalize opening account
why were you required to go in-person? any ideas? C
Update: 2023
$300 Promo Code: 23CHK300
https://flcu.org/300
William Charles
William Charles please update “direct link to offer” with this https://flcu.org/300/
DP:
Account opened with promo code online 5/9/22.
Hard pull on credit for checking/savings account.
Received account info in mail 5/16/22, and online banking was registered.
Real DD $500 5/26/22, transferred out next day.
Bonus not received after 90 days from account open, so branch was contacted. I got ghosted for a week and was getting concerned.
Bonus posted 8/24/22 of $300 “Deposit CHECKING PROMO”
Sean B, do you know which credit report/bureau got the hard pull? Thanks for the DP.
Sean B
For me, it was Equifax.
Thanks, Sean B!