Posted by William Charles on January 4, 2020
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Published on January 4th, 2020 | by William Charles

282

[IL only] Andigo Credit Union $500 Checking Bonus + $50

Update 1/4/20: Deal is back with promo code GET500 and valid until 3/31/2020. Hat tip to reader Brandon T

Update 10/19/19: Deal is back and valid until December 31st, 2019. In addition apparently if you use promo code  JOYNPLUS you get an additional $50 when you meet the direct deposit requirement. I don’t see a landing page for that offer so it might make sense to just use the CHECK500 code.

Offer at a glance

The Offer

Direct link to offer

  • Andigo Bank is offering a bonus of up to $500 when you open a new checking account. Must use promo code GET500. Bonus is broken down as follows:
    • Get $250 when you open a new checking account and set up a direct deposit (must receive direct deposits of $500+ for three consecutive months)
    • Get $250 when you complete at least $500 in Andigo Visa debit card purchases within the first 90 days after opening account

The Fine Print

  • Offer available for new members and members without an Andigo checking account within the last 12 months.
  • Must use promo code JOYN on application and be approved for membership.
  • Membership at our credit union is a privilege granted by our members under state law.
  • Offer subject to change without notice.
  • For complete details, contact Andigo Credit Union. All bonus payouts may be taxable.
  • To receive the $250 new checking bonus:
    • Member must open a new Cash Back or High-Yield Checking account, subject to approval.
    • Direct deposit must be setup within 60 days of joining and/or opening new checking account. Qualifying direct deposits are regularly recurring electronic deposits from your employer or government agency (e.g. Social Security).
    • Person-to-person and bank transfers between your Andigo accounts or accounts you have at other financial institutions or brokerages do not qualify.
    • The $250 checking bonus payout will be deposited into your Andigo primary share account within 30 days after the third consecutive month of $500 or more in total direct deposit. All checking accounts must be opened by 9/30/2019 to qualify for bonus payout.
  • To receive the $250 purchase bonus:
    • Member must have at least $500 in Andigo Visa debit card purchases (signature or PIN-based) within the first 90 days after opening checking account.
    • ATM withdrawals and cash withdrawals from a PIN-based transaction do not qualify as a purchase.
    • The $250 purchase bonus payout will be deposited into your Andigo primary share account within 30 days after meeting requirements.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Their checking account has no monthly fees to worry about.

Early Account Termination Fee

According to the fee schedule there is no early account termination fee.

Our Verdict

Fantastic bonus, previous best was for a total of $400 and that required a CD as well. This is an extra $100, although it does have a debit card spend requirement. Still think it’s definitely worth doing if you’re eligible (sadly you’re not if you’ve had an account within the past 12 months). This will be added to our list of the best checking account bonuses.

Hat tip to readers nathan P & Jeff

Useful posts regarding bank bonuses:



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Dan
Dan

Any out of state try in branch?

Brian C 🐕

Yes, i was approved out of state, applying and communicating via email initially with Wallace.Grigsby@andigo.org (all i did was fill out the info on the website showing my interest and he reached out to me).

In the end, i was dealing with Allison via phone and email to approve and finalize the account (she made the approval decision…she actually initially denied and then overturned after i explained a discrepancy in my chex report, nothing to do with number of inquiries which was MANY) at newaccounts@andigo.org

AnHeroicHippo
AnHeroicHippo

Last time this was around (https://www.doctorofcredit.com/il-andigo-credit-union-150-referral-bonus-parties) there were a few DPs of this working out of state. Anyone have any more recent info?

Brian
Brian

So I am self employed, is it safe to assume that I would not qualify for this since I have no way of setting up a direct deposit through an employer?

Thanks

Gadget 🕵️

The $250 spend bonus should apply to anyone who spends $500, regardless of the DD. I would try alternative methods of the DD in your situation, but I seem to recall a lot of people saying other methods do not work with Andigo. They may be manually verifying. As someone who is self employed, it’s not outside the realm of possibility that some of your earnings do come in via PayPal, Serve, etc. But yes, the catch is that it’s not from an employer/govt.

Adam D
Adam D

In your case, I would open up at Robinhood account and push funds from there.

Eddie S
Eddie S

I’m reading you can just make a $15 donation to connectvets to become a member.

https://www.andigo.org/Andigo/Become-a-member

SOZ
SOZ

If I open this account on Sept 30, 2019, what’s the latest date for the first DD to qualify for the big bonus?

Celia
Celia

The post says within 60 days of opening.

SOZ
SOZ

Post says: “Setup”. IMHO vague.

Celia
Celia

I would assume that setup means start, so I would make the assumption that it’s 60:days and wouldn’t chance longer.

ilovetoyap
ilovetoyap

I joined Andigo as an out of state member six months ago and it was no problem but I did not receive the last bonus (it was $250 at that time on the checking account alone). Since the terms clearly listed the code was only for IL I didn’t ask when it didn’t credit. However, CC funding and the 3% rate applies with a $500 DD and 15 debit card transactions for all.. kept my checking there as is a fair rate.

Missjenniferd1
Missjenniferd1

Was that for establishing dd or just to simply open the account? If it was for dd, did you use a real dd?

whodidntante
whodidntante

Charged the $3,000 opening deposit to BoA WWF Cash Rewards Visa. It reduced the cash credit line by $3,000. So it looks like this will post as a cash advance. Will update.

SamL
SamL

What would that potentially cost?

Anthony Patton
Anthony Patton

Everything.

SamL
SamL

You make it sound like Pascal’s Wager.

whodidntante
whodidntante
SamL
SamL

Okay, that really doesn’t seem worth the risk, except in cases where you’re really sure it will go through as purchase.

Frank

That’s why you set the cash advance limit to $20 so the charge won’t be accepted

ilovetoyap
ilovetoyap

The cash advance is new.. I funded two accounts six months ago as purchases on Chase. Oh well most banks are changing over ever since we lost PNC.

SamL
SamL

Why not charge it to BoA PR or TR to get 2.625% instead of 1.75%, or did you hope it might code as online to get 5.25%?

whodidntante
whodidntante

So rather than pay a 5% cash advance fee and immediate 27.24% interest on 3k, I decided to withdraw my application with Andigo. This should reverse the transaction.

SamL
SamL

Let us know if it does.

whodidntante
whodidntante

Yes, it does. The transaction fell off today. Dodged a bullet.

4fun
4fun

William Charles I missed setting to 3%. Anyone using BOA Cash rewards for funding to open account set to 3% online shopping category. so you get 3% cash back.

AllwaysLearning22
AllwaysLearning22

In my experience the ‘online purchase’ category is applied pretty much ‘at random’. I cannot find any logic in which case they treat it as an online purchase and when they don’t. Plenty of transactions carry the ‘Online Transaction: Y’ flag, but do not get the boost.

Brandon
Brandon

they won’t approve anyone. ‘My friend was like 2/12 and denied. They asked him for his drivers license after the app was submitted separately and then took like a week to tell him he’s denied. Andigo sucks lol

EJ
EJ

I joined last year to get the $400 bonus. They gave me a very hard time opening the account. They are very Chex sensitive and I’m not a frequent bank account opener. This reminds me that I need to close the account

John
John

Codes as cash advance on CitiBiz AA mastercard

VDESH
VDESH

Did you setup your cash advance limit to lowest?

Missjenniferd1
Missjenniferd1

So where does it say that you have to be in Illinois? I read the terms and I don’t see it anywhere. Is this stated somewhere later during the application process? I’m tempted to do this and use my real dd and do $500 in debit card trans, but not if I’m not gonna get paid.

Missjenniferd1
Missjenniferd1

I applied out of state Tennessee
All went smoothly. Passed identity
Funded with usaa limitless
At end it said thanks for applying and that a representative will contact me
Nowhere did I see anything about Illinois only so we will see.
Did anyone get instant approval?

Gadget 🕵️

I had my account from about a year ago when they were letting out-of-staters slip in via online app. Tried to signup S.O. for this promo with me as her family member a few days ago. Funded 3K with Citi DoubleCash (first time it failed w/ fraud alert, text and e-mail from Citi, replied and tried again, and then funding went thru).

Received an e-mail the next business day. Unable to open an account, no reason given. “…after much consideration, we regretfully inform you that we are unable to open an account for you at this time.” Attached document implied Chex. Which is silly, because her Chex is way less busy than mine.

And no, they don’t do instant approval AFAIK. If you get past the gauntlet, they will ask you to upload D/L, SSN card, and utility bill. Just to weed people out. At least that is what happened in early 2018 for me.

Servo
Servo

FYI – Andigo is the former Motorola Employees CU, and their financials are not in great shape. So, if you’re going to put money here, my recommendation is to get it out as soon as the promo hits.

Youngestofallthebuck
Youngestofallthebuck

Source on their financial issues?

Gadget 🕵️

Fake news. Mix real info (former name) with fear.

https://www.depositaccounts.com/banks/andigo-credit-union.html#health

Celia
Celia

Thanks for that link. They just opened two new branches within 4 miles of me. Tempted to do this but being self-employed the DD is always a killer.

Gadget 🕵️

$250 on $500 spend is a pretty good deal, Esp. without a HP. I’m assuming you can do one bonus without the other.

Celia
Celia

True. I will have to look into it. Thanks.

arizonapv
arizonapv

How did you get the little icon next to your name? (The one to the right of Gadget) @Gadget

Gadget 🕵️

It’s a secret. 💸🏧💰💍🔧🧲

Lord Dima

Check out Gravatar

arizonapv
arizonapv

Thanks Lord Dima. 🕵️‍♀️They are freely available at emojipedia.org.👀 It’s not a secret. 🧛‍♀️ 👓👍💋👻💀🎃

Gadget - Bank Bonus Geek 🕵️

OK, arizonapv , maybe not a secret, but you have to be a geek to use them frequently. 🤸‍♂️ On a Windows 10 computer, you can hold Windows Key & hit the period sign “.” to get a menu of Emoji’s. That way you don’t have to google each one.

arizonapv
arizonapv

😜😜💋✔ I did not know about the windows, period tip. Thanks!

Javier
Javier

Any list of which cc post as a purchase (and not cash advance)?

Karen
Karen

I used Citibank at&t access more. Got 3x thank you points.

Ryan
Ryan

Anyone churn Andigo?

Got the bonus 18 months ago and a subsequent application was met with a response along the line of “sorry, you can’t get the bonus twice.”

Gadget 🕵️

LoL… they must have some savvy screeners. I have plans to churn them someday. After collecting the checking bonus (only $150), I kept a savings account going, retaining my membership, and got a $100 bonus for opening $10K in CD’s – which also was 10K in CC funding. (however NFCU didn’t pay out on the rewards for 3K of CC funding) Current promo says you must not have had a checking account in last 12 months. I am only at month 3 or 4 since closed.

Mike P.
Mike P.

Could not fund with either CIP or U.S. Bank Business Cash Rewards with cash advance blocked.

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