Offer at a glance
- Maximum bonus amount: $200
- Availability: FL only
- Direct deposit required: Yes, $500+
- Additional requirements:
- Additional requirements: See below
- Hard/soft pull: Hard pull (reports of soft pull now)
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: None listed
Contents
The Offer
- MIDFLORIDA Credit Union is offering a bonus of $200 when you open a personal checking account, requirements are as follows:
- Open a Free Checking account and set up direct deposit
- Post $500 by direct deposit within 45 days of account opening
- Open online banking, online bill payment, eStatement, eNotice, and a debit card
- Receive $200 into your new Free Checking account
The Fine Print
- Offer valid as of March 12, 2021 and may be cancelled at any time.
- Eligibility requirements apply.
- See associate for details regarding fees and terms.
- To qualify for the $200 incentive, you must open a new Free Checking account with direct deposit ($500 cumulative which must post within 45 days of account opening), as well as accept and open online banking, online bill payment, eStatement, eNotice, and a debit card.
- The incentive will be deposited to new Free Checking account after the qualifications have been met, and will be reported to the IRS. Minimum to open Free Checking is $50.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Free checking account has no monthly fees to worry about.
Early Account Termination Fee
There is no early account termination fee but you do need to keep your membership open for six months otherwise you will be charged a $5 fee.
Our Verdict
There is also a $300 business checking bonus that comes with a $200 personal checking bonus but that $200 personal checking bonus required a loan whereas this doesn’t. This one can also be opened online.
Hat tip to YX H
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
As of 4/19, Fidelity CMA push works for DD. Make sure to do estatements and debit card purchases before DD.
February – Signed up online, but they couldn’t verify my identity
3/28 – Signed up in bank and received debit card
3/28 – NEW ACCOUNT DEPOSIT $50
3/28 – 5 Amazon reloads (Must be in same month)
4/1 – External Deposit – FID BKG SVC LLC – MONEYLINE $509
4/2 – $200 bonus posted
Change to bonus requirements. Now must also “complete 5 debit card purchase transactions in one calendar month (to be completed within the first 60 days of account opening)” Hope this helps! My referral code is B3DAF2FE
If anyone finds this helpful, please use my referral code B3DAF2FE or link https://apps.midflorida.com/oao/B3DAF2FE
Just a heads up, I just came back from a branch. The banker explained to me as follows. It is a soft pull, but if you have a credit score below 600 you will not be able to open any of the accounts that offer the bonus. I was going to try online but I didn’t want to get flagged for trying twice in a day. Let me know if you have had a different experience.
https://apps.midflorida.com/oao/27CBEB88
Here is my referral link if anybody would be so kind as to use it! And lmk if you need any help with the sign up process and qualifications to get the bonus
This is a SOFT inquiry per the application
A “soft credit inquiry” will be made during the account opening process, which will not affect your credit rating.
I opened a checking account at MIDFLORIDA CU on 02/08/2024. They are still offering $200 bonus for checking. They do require at least $500 in direct deposits within 45 days. I added the new account to TreasuryDirect, then changed the Maturity Payment Destination on a 4-week Treasury Bill I had coming due. My referral code if anyone finds this helpful. https://apps.midflorida.com/oao/27423A3B
02/16/2024 EXTERNAL DEPOSIT – APA TREAS 310 – MISC PAY $1,000.00
02/17/2024 MEMBER PROMO – NEW CHECKING $200.00
Any OOS possibility?
Website rejects it, and they will tell you to come to a branch regardless.
DP:
01/10 $500 Fidelity
01/17 – in branch to get debit card
01/18-02/01 waited to see if it would post, $100 referral bonus posted
02/01 $500 Fidelity deposit again
02/02 $200 bonus posted
I would get the debit card before making the deposit. My P2 got the debit card then made $500 Fid deposit and bonus posted next day.
Got a referral to share? Mundo71588 at g m a I l
Sent
Referral Code DCAD332C if the DP helps anyone 🙂
How long to get the referral bonus?
Is this bonus churnable? I received a bonus from them in 2021 and closed the account that year. I tried again this year but so far no bonus.
7/13/23: Opened
7/18/23: $500 Fidelity Brokerage
7/25/23: $500 Santander
7/28/23: $500 Wise
8/8/23: $500 Wise
8/11/23: $500 Schwab Brokerage
I also made sure to do the other qualifying activities such as activate debit card, enroll in online banking, enroll in bill pay, and enroll in estatements/notices…
Did you end up getting the bonus?