Offer at a glance
- Maximum bonus amount: $300
- Availability: MI only
- Direct deposit required: $1,000+ for two months
- Additional requirements: Use promo code
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Up to $2,500 debit card funding
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: 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 winter24
- 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
P2 opened 1/25 with P1 referral OOS.
2 X DD of 1K in Feb and Mar
3/27 – $300 bonus posted
FWIW – P2 accepted the refer offer after the bonus posted to avoid any issues. Will see if it comes thru. Also, setup another DD to be safe for the refer offer to kick in.
Do you know hard or soft pull?
No HP.
DP: you don’t need two months of $1000 DD, just one might be enough?
1/24/2024 Account opening transfer $1
2/14/2024 Real DD $500
2/28/2024 Real DD $500
3/13/2024 Real DD $500
3/23/2024 “Deposit Dividend Winter Promotion” $300
Anyone in Michigan willing to help with a referral please send a referral to [email protected].
sent!
Anyone in MI can help to send me a referral? My email: [email protected].
sent!
How to know it is MI only? I didn’t see it mentioned
Their membership page: https://www.myfpcu.com/membership
“…Founded by auto workers rooted in Genesee County, Financial Plus Credit Union has grown to proudly serve the entire state of Michigan.”
Wise and Fidelity doesn’t appear to work. They seem strict on DD’s. Any working alternatives?
Scratch that. $300 posted today. Was getting worried for a second, was preparing to open up a Square payroll account!
Same here. $300 posted today with pushes from Fidelity.
What type of Fidelity Pushes did your use? CMA, Bloom, Brokerage? They all seem to code the same, but just wondering….
They are all the same I believe. Also, it appears and ACH works for this bank, including Discover.
They have a $50 referral program which I believe you can stack on top of the $300 bonus. Bonus posts after 30 days, no limit on how many you can refer.
https://www.myfpcu.com/bank/checking/refer-a-friend
William Charles Chuck
They are also offering a limited-time only 6% APY 13-month CD, $100,000 maximum:
https://www.myfpcu.com/cd-special
Expires 3/25/24
William Charles Chuck
Did Fidelity as DD, still waiting fingers crossed. If anyone has any positive DPs please share 🙂
What type of Fidelity did you use? CMA, Brokerage, Bloom?
Brokerage, but I believe they are all the same.
If anyone willing to help me (for P2) by sharing name/city as a family member, email me [email protected]. TIA
Ignore the above as i was able to refer P2 even though i was OOS.