Deal has ended, view more bank account bonuses by clicking here
Update 3/23/25: Deal is back and valid until 7/1/25. Hat tip to Woody
Offer at a glance
- Maximum bonus amount:Â $200
- Availability:Anyone that lives or works in Central or Southern Indiana is eligible to join. Counties in our field of membership include: Bartholomew, Blackford, Boone, Brown, Clark, Clay, Clinton, Decatur, Delaware, Floyd, Fountain, Gibson, Grant, Greene, Hamilton, Hancock, Harrison, Hendricks, Henry, Howard, Huntington, Jackson, Jay, Jefferson, Jennings, Johnson, Lawrence, Madison, Marion, Miami, Monroe, Montgomery, Morgan, Owen, Parke, Posey, Putnam, Randolph (Jackson or Wayne Townships), Ripley, Rush, Scott, Shelby, Tippecanoe, Tipton, Vanderburgh, Vigo, Warrick, and Wayne counties in Indiana, and Henderson County in Kentucky.
- Direct deposit required:Â Yes, $400+
- Additional requirements:Â See below
- Hard/soft pull:Â Hard pull
- ChexSystems: Yes
- Credit card funding:Â Yes, $1,000+Â
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None
- Expiration date:Â January 31, 2025
Contents
The Offer
- Indiana Members Credit Union is offering a $100 bonus when you open a new checking account and complete the following requirements:
- Add a FREE Regular or Preferred Checking Account2 using promo code “IMCU200” online at IMCU.COM (select “Open an Account,” then “New Account/Add to Existing Account”) or by calling Member Services at 800.556.9268
- Set up your direct deposit with your employer coming into your new IMCU checking account. Hurry – this exclusive offer expires January 31, 2025
- After 2 payrolls deposit to your account, your $200 bonus will be automatically deposited!
The Fine Print
- New checking account and new net direct deposit required. Account must remain open at least 1 year or bonus will be debited at closing.
- $200 will be deposited into the new checking account after two payrolls have posted to the account.
- Direct deposit minimum of $400 per deposit required. Limited time offer expires 1.31.2025.
- 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 a fee schedule.
Our Verdict
Hat tip to reader Woody
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
I didn’t read the T&C correctly but this account does need to be kept open for one year in order to avoid the bonus from being pulled back from the account:
“New checking account and new net direct deposit required. Account must remain open at least 1 year or bonus will be debited at closing. $200 will be deposited into the new checking account after two payrolls have posted to the account. Direct deposit minimum of $400 per deposit required. Limited time offer expires 07.01.2025.”
They also have a six-month inactivity fee in their fee schedule. This can probably be fixed by transferring in and out $1 every 3 months. At least they have no monthly maintenance fees.
When I opened my account, they also did a hard-pull to my Transunion credit report.
I will finish out this bank bonus just because i’m so invested. But this is one of the harder bonuses to do and I would only attempt it if you’ve run out of other ones. The good news is they did approve me for an account and I was at lol/24.
A hard credit check and NO CC funding option on 3/26/2025
https://imgur.com/a/hcYeJSE
How much amount did you fund?
Offer is back. Expires 7/1/25
https://www.imcu.com/special-member-offer
Easy bonus with credit card funding
Another payout datapoint. Used real DD, payout on the same day as the 2nd DD.
Another quirk of this account I found is that you cannot connect accounts to the online accounts (either internally or externally) for 30 days after online account creation.
A lot of smaller credit unions are like that.
5/1/22 I opened checking & saving with IMCU first time in branch. And received my first ever Chex inquiry. No hard pull
11/20/24 Closed a checking account but remain a saving for a membership.
1/22/25 Added a checking account as an existing member. I stopped at the account funding method to check that how much for credit card limit.
💥 Got hard pull on transunion and chex pulled before approval 💥 This is weird because it seems that no DP got hard pull.
1/25/25 Account approved
2/13/25 +$401 Chase ACH
2/14/25 +$200 Deposit Checking Promo
What a valentine surprise 😱 I haven’t met a requirement yet
The link is still valid, but technically this offer has expired
Datapoint on CC Funding: Tried both BoA Premium Rewards and Unlimited Cash Rewards. Both posted as purchase
Merchant Name: IMCU COLLECTIONS IMCU COLLECTIONS
Transaction type: Purchases
Merchant description: FINANCIAL INSTITUTIONS -MERCHANDISE AND SERV
Any approximation on how many days it takes the cc funding to go through? I’m trying to finish off a c spend bonus by Feb 10th.
Mine 2 days
Hard Pull on Transunion confirmed by Chat Rep, Phone Rep and My local branch Rep 👀
Opened online on 01/25/25
Any other ways than an employer deposit to trigger the DD?
It did not show as a hard pull for me when opened a few months ago.
11/18/24 – Opened account
11/29/24 – $400 DD
12/13/24 – $400 DD
01/17/25 – Received $200 bonus