[MI] Community Financial Credit Union $450 Checking Bonus

Offer at a glance

The Offer

Direct link to offer

  • Community Financial Credit Union is offering a $450 bonus when you complete the following requirements:
    • OPEN Sign up for a new CloseEnuff™ checking account
    • ACTIVATE Set up a new direct deposit and make 15 purchase transactions with your debit card in 90 days.

The Fine Print

  • To receive the $450 bonus, new and existing Community Financial Credit Union members must meet the following requirements.
  • Open a new CloseEnuff Checking Account, set up and have at least one successful direct deposit into the account within 90 days of account opening, and make 15 purchase transactions within 90 days of account opening.
  • No minimum amount required for direct deposit or purchase transactions.
  • Qualifying member can not have had a CloseEnuff Checking Account within 6 months of opening to qualify as a new account.
  • One $450 bonus per member.
  • Bonus provided August 2025 if initial requirements are met. Membership eligibility required. Insured by the NCUA.
  • 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

According to the fee schedule there is a $15 fee if closed within 180 days.

Our Verdict

Has been as high as $1,000 in the past. Upside to this bonus is that a direct deposit is required but no minimum. We will add this to our list of the best bank account bonuses.

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    William Charles
  • On February 22, 2025, 11:00
Tags: direct deposit requiredmi bank bonusesno credit card funding

View Comments (22)

  • I was in Detroit this past weekend and stopped by this bank. Last time, i applied over phone and approved and they called and closed next day due to chex. So, i went to branch this time- they said yes and started. Manager, stopped by and said i need to have relative be an existing member for OOS. My relative doesn't have an a/c yet. So, came out empty :(. Next time, will ensure my relative has an a/c and take him along.

    Atleast, i saved a chex pull and denial in person. That would have been epic failure.

  • Approved immediately from Detroit MI. Note that this CU requires you to open a savings account as well, so you must deposit $10 at opening ($5 per account). There is also a field to enter a PROMO code but I left it blank as there was no PROMO code listed on this site or their "CloseEnuff" page. I will call them on Monday to confirm the $450 promo was applied to my account.

    • FWIW, I asked a chat agent if I needed to use a promo code and they said no

  • Approved instantly. Chex is at 1/6, 2/12, 3/24
    Had all 3 bureaus frozen, no problems with credit pull

  • Hey all,

    Messaged a chat representative for the bank

    Question:
    Is it a hard pull on my credit?
    Answer:
    It’s a soft credit pull.

    Question:
    What would qualify as a direct deposit?
    Answer:
    Direct deposit requires funds to be posted directly into your account via your account and routing number.

    My chex numbers are pretty good, so I will apply and see how it goes

    • That language looks funny “set up and have at least one successful direct deposit into the account within 90 days”. It sounds like you must set something up through them rather than push from another bank. Any dps?

  • Got denied for this last year due to Chex. I haven't decreased my Chex activity so no point in trying again.

    • Did they cite a particular count/timeframe to be below to succeed? What were your Chex numbers at the time?

  • Tried in branch and was denied for Chex. No idea what my count is. However, the banker did read off my last few hits to me to confirm it was me lol

  • It will let you enter an OOS address and advance through the app, but after a bit it will ask how you qualify to join and that's where you'll need to be a MI resident.

    • I am OOS and just submitted the app with Chex and all 3 credit reports locked, I chose the last option for qualification - I go to MI for business or something like that. App went pending, I don't count it to be successful.

        • Update: OOS is difficult. I received "We were unable to verify your identity based on the information you entered in the online account process. We will need you to provide the business’ name and address located here in Michigan, so that we may confirm proof of eligibility."

          I skipped this one.

      • I considered choosing the option about doing business in MI, but I've never even stepped foot in that state. haha

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