Update 5/10/25: Deal is back.
Offer at a glance
- Maximum bonus amount: $300
- Availability:Â MI only
- Direct deposit required:Â $1,000+ for two monthsÂ
- Additional requirements: Use promo code
- Hard/soft pull: Soft pull
- ChexSystems:Â Unknown
- Credit card funding:Â Up to $2,500 debit card funding
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:Â None listed
Contents
The Offer
- Financial Plus Credit Union is offering a $300 checking bonus when you open a new checking account and complete the following requirements:
- Use promo code Summer25
- Have a minimum direct deposit of $1,000 for two consecutive months
The Fine Print
- Must be new checking relationship.
- Receive $300 incentive when you open a new checking account (no minimum balance requirement) with a minimum direct deposit of $1,000 for two consecutive months. Receive $150 incentive when you open a new checking account (no minimum balance requirement) with a minimum direct deposit of $500 for two consecutive months.
- Incentive deposited within 30 days of meeting direct deposit requirement.
- Cannot be combined with any other offer.
- Subject to 1099-MISC. Restrictions apply. See credit union 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
Elite checking has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule, unsure if there is any EATF.
Our Verdict
Need to know if this is a hard or soft pull.
Hat tip to Mrs. Gee
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