Posted by William Charles on May 5, 2018
Bank Account Bonuses

Published on May 5th, 2018 | by William Charles


[Expired] [MI only] Michigan Schools and Government Credit Union $175 Checking Bonus

This bonus is no longer being offered. Click here to view the best current checking bonuses.

Offer at a glance

  • Maximum bonus amount: $175
  • Availability: Must  reside, work, attend school, or worship in Michigan’s lower peninsula
  • Direct deposit required: Yes, $100+ within 60 days
  • Additional requirements: See below
  • Hard/soft pull: Unknown (possibly hard, see comments). Report of soft pull
  • ChexSystems: Unknown
  • Credit card funding: Up to $500
  • Monthly fees: None
  • Early account termination fee: Six months or bonus forfeit
  • Household limit: None listed
  • Expiration date: October 31st, 2018

The Offer

Direct link to offer

  • Michigan Schools & Government Credit Union (MSGCU) is offering a bonus of $175 when you open a new checking account and complete the following requirements:
    • Make a one-time deposit of $100 within 7 days of opening your account
    • Complete 20 purchases with your MSGCU debit card within 60 days of account opening
    • Sign up for eStatements and Online Banking
    • Set up your direct deposit of $100 or more to your new checking account. Must be received within 60 days of opening your account

The Fine Print

  • Available for regular checking accounts opened between 5/1/2018 and 10/31/2018; limited to one incentive per member.
  • The $175 incentive will be paid when the member completes all of the following: qualify for and open a regular checking account and ATM/debit card; within 7 days of opening, make an initial deposit of $100 or more in the account; within 60 days, enroll in and receive one direct deposit (minimum $100) to the new account, sign up for eStatements and Online Banking, and use the account’s issued debit card for 20 purchases.
  • Members must not currently have a checking account or have closed a regular checking account as of 4/1/2018 or later.
  • Account must remain open for 6 months.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

This account has no monthly fees to worry about. You do need to keep the account open for six months otherwise you will forfeit the bonus.

Our Verdict

They have offered a bonus of $100 in the past, so this is better than that. It’s nice there are no monthly fees to worry about, but there are a lot of bonus requirements. Might be worth doing if it’s a soft pull, especially if you can fund a decent amount with a credit card. If anybody decides to go for this bonus then please share your experiences in the comments.

Big thanks to reader, SirEel who let us know. Learn how to find bonuses and contribute to the site here.

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$500 max for credit card funding.


I didnt see any restrictions on membership, but the CU title seems to be restrictive…any…restrictions anyone can see?

Jeff G
Jeff G

If you go to the join page it asks to enter your zip – said No accounts for me, but I could call. I would assume that would nix the opportunity, but I did not continue on from there.


It said “pulling credit report”… ouchies


ouch indeed! so maybe its a hard pull


Opened successfully online. no HP. Funded $995 + $5 membership fee with Visa.


…oops already posted here. just saw.

is chex-itive.

It was, nearly a year ago.

This would be good if one of your firsts you’re doing…and CCCU, TCF, Elements, etc


successfully applied, no HP


One push for 100. Employer DD for 100. 20 amazon reloads. Bonus posted day after last amazon transaction posted. 30 days start to finish.


Just applied and tried to fund for $500 with Citi TY Premier

“Thank you for your application. Your application has been referred to our Online Account Services Team. You will be contacted shortly.”


I dunno if that means its running up against chex or what, but i dont think its a good thing

Don L

Also confirm no Hard Pull; Citi DC posted as purchase for $500


Also confirm $500 on Citi DC did not code as CA (but my CA limit is set to 0); employer was used to meet DD, and 20 .50 Amazon reloads triggered the $175


Did anyone get the bonus without doing employer DD and if so what did you use, please? Many thanks.

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