Update 8/23/25: Deal is back, but requires direct deposit before. Hat tip to reader bockrr
Offer at a glance
- Maximum bonus amount: $300
- Availability: Persons who live, work, worship, or attend school within the 33 county field of membership are eligible to join Greater Iowa Credit Union: Story, Polk, Dallas, Warren, and Crawford. Contiguous Counties: Wright, Franklin, Butler, Woodbury, Ida, Sac, Calhoun, Webster, Hamilton, Hardin, Grundy, Monona, Carroll, Greene, Boone, Marshall, Tama, Harrison, Shelby, Audubon, Guthrie, Jasper, Poweshiek, Adair, Madison, Marion, Clarke, and Lucas
- Direct deposit required: Yes, $100+
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: $25, two months
- Household limit: None
- Expiration date: December 31, 2024
Contents
The Offer
- Greater Iowa Credit Union is offering a $300 bonus when you open a new checking account and meet the requirements for the higher APY during the 60 day period:
- Enroll in eStatements.
- Have one direct deposit of at least $100
- Make at least 20 debit card purchases totaling at least $100 that post and settle during the 60-day period
The Fine Print
- Bonus available for new Greater Checking accounts opened by December 31, 2024 that are open for at least 60 days and meet requirements for the higher APY during the 60-day period. Additional terms may apply, see the Greater Checking Bonus Disclosure for details.
- 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. There is a dormant account fee of $10 per month after 6 months of no activity
Early Account Termination Fee
There is an early account termination fee of $25 if closed within the first two months.
Our Verdict
Much better than the previous $100 bonus that was offered. Rare to see a bonus this big without a direct deposit being required. We will add this to our list of the best bank account bonuses.
Hat tip to ShawntheShawn
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
