Update 10/17/20: Deal is back and valid until December 31, 2020.
Offer at a glance
- Maximum bonus amount:Â $300
- Availability: Must live or work in an eligible eligible Minnesota or Wisconsin county
- Direct deposit required:Â Yes, $300+
- Additional requirements:Â eStatements & use promo code
- Hard/soft pull:Â Hard pull
- ChexSystems: Yes
- Credit card funding:Â Can fund up to $500 per account
- Monthly fees:Â None
- Early account termination fee:Â None listed
- Household limit:Â None
- Expiration date:Â
December 31st, 2019July 31st, 2020Â December 31, 2020
Contents
The Offer
- Wings Financial is offering a $300 bonus when you open a new checking account and complete the following requirements:
- Use promo code 300CHECKING
- Must have a recurring direct deposit of at least $300 within 60 days of account opening
- Five net (5) debit card transactions of $5+
- Enroll in eStatements
The Fine Print
- To qualify for the bonus, checking account must be opened in-branch or online using promo code between 10/21-12/31/19.
- Membership must be established by opening a Share Savings account with a $5 minimum opening deposit.
- Must have direct deposit of at least $300 and enroll in eDocuments within 45 days of account opening.
- If requirements are met, bonus will be paid no later than 2/17/20 in the form of a deposit to the Wings checking account; account must be in good standing to receive deposit.
- Valid for new members only.
- Not available for business checking.
- One offer per person.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
First class checking account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find an early account termination in the fee schedule
Our Verdict
Probably not worth doing for most people due to the hard pull. Because of that I won’t be adding this to our list of the best checking bonus.
Hat tip to reader John
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
Post history:
- Update 7/11/20: Deal is back and valid until July 31st, 2020.
Approved today OOS. Funded the 4 accounts for the full $2,000. Planning on doing the DD to the First Class Checking and debit card purchases from the same account. Do you think they’ll try to screw me over by telling me to DD/debit purchase from the other checking account?
IKR I’m planning on doing requirements for both checking.
Can you churn it?
After 12 months.
“300CHECKING” Promo code is coming up as invalid when entered into the box on the application.
The welcome page also no longer has any mention of what the promo code is.
I experienced the same and I also didn’t see a new promo code on the welcome page.
“300CHECKING” Promo code seems to be working again now. (there’s no confirmation as such, but it is no longer coming up invalid)
Just some history on this… they didn’t have a promo code box to enter one for the past few months. Back in July, it said to use a code, but there was no place to put it. It was the same way when this revision of the promo started.
They probably added the box for decoration… since they were getting questions about where to enter the code.
Bonus stacks with the $50 referlive bonus. Just fill out the form before applying: [removed]
Anyone else try applying recently where after you hit next upon confirming Application Info, account funding, etc., you are confronted with two very thin crescent shapes (one yellow, the other blue) revolving endlessly? In my case, the application does not progress to the next page/step.
Update: If you experience this issue, try using different browsers.
Account must be opened in-branch or online using promo code between 10/19/20-12/31/20
I didn’t see a spot to put the promo code. Is the promo code automatically applied?
Anybody able to get this a second time after closing first account?
Availability seems to include Detroit and Seattle metro areas as well?
Limits seem to be $500 per account for CC funding now
Bonus requirements: ACH direct deposit(s) of at least $300, eDocuments enrollment & five debit card transactions of $5+ each. Must be completed within 60 days of account opening. If requirements are met, bonus will be paid by 2/12/2021 as a Wings checking deposit; account must be in good standing and have active direct deposit at time of payment. Current Annual Percentage Yield (APY) is 0.05% for First Class Checking; 0.05%-1.76% for High-Yield Checking. Rates are variable and subject to change.
†High-Yield Checking requirements to earn higher rate (balances up to $25,000): ACH direct deposit(s) of at least $300, eDocuments enrollment & 15 net PIN or signature-based debit transactions over $5 in the 34 calendar days preceding the last day of the month.