Update 7/3/23: Extended until  September 30, 2023.
Offer at a glance
- Maximum bonus amount:Â $200
- Availability:Â FL
- Direct deposit required:Â Yes, $500+ per monthÂ
- Additional requirements:Â See below
- Hard/soft pull: Hard pull
- ChexSystems: Unknown
- Credit card funding: Up to $1,015
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:Â June 30, 2023
Contents
The Offer
- USF Federal Credit Union is offering a $200 checking bonus when you open a enw checking account and complete the following requirements:
- Establish a direct deposit of $500 or more per month into the account
- Enroll in eStatements
The Fine Print
- $200 offer not valid to existing checking accounts converting to a Catalyst Connect Checking account.
- New checking account must remain open and in good standing for 6 months.
- $200 deposit will be made into checking account the month following the 3rd consecutive direct deposit.
- USF FCU membership required.
- Must be 18 years of age or older.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find the fee schedule so unsure if there is an EATF.
Our Verdict
Seems like an OK bonus if it’s a soft pull, if anybody goes for it please share your experiences in the comments below.
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