[Expired][IN] Indiana Members Credit Union $200 Checking Bonus

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: $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: Yes, $400+
  • Additional requirements: See below
  • Hard/soft pull: Hard pull
  • ChexSystems: Yes
  • Credit card funding: Yes, $1,000+
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: None
  • Expiration date: January 31, 2025

The Offer

Direct link to 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:
    William Charles
  • On March 23, 2025, 19:15
Tags: credit card fundingdirect deposit requiredhard pullin bank bonuses

View Comments (22)

  • 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.

  • 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.

  • 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

  • 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

  • Hard Pull on Transunion confirmed by Chat Rep, Phone Rep and My local branch Rep 👀

    Opened online on 01/25/25

  • 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

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