Deal has ended, view more bank account bonuses by clicking here.
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.
Got my $300 posted today 1/25, four days after hitting the requirements. Nice and quick! Only took a few weeks from account open.
Are these guys not listing the $300 on 1099s? My statements all say $0 dividends and bonuses earned for 2020.
P1/P2 bonuses posted Jan 5th, both accounts opened in Oct.
Did transfers from T-Mobile Money, Schwab, Capital One, and USAA.
P1 and P2 opened in October, bonuses for both posted 1/5/21.
Opened an account 12/23/20 with 300CHECKING promo code and funded checking savings with alaska credit card $500 each. Didn’t get initial funding or final documents signed until today (1/4/21) due to needing a payment stub and correlating bank statement which came in today.. picked a bad month to start a new job paying to a new account I was working on! lol.
Hoping I still qualify after reading some comments below. Got all my web screenshots/emails/pdfs anyway. Anybody else in the same boat?
P1 accepted at 6/12, P2 rejected at 12/12, P3 rejected at 14/12. from CA. P2 works in the aviation industry, so that didn’t seem to help.
Membership of Wings FCU is limited to US citizens and permanent residents only, even for in-branch applications.
Is this deal only available to MN and WI? I couldn’t find that anywhere in the fine print for the bonus. Their general eligibility is here: https://www.wingsfinancial.com/join-wings. It includes 5 areas around the US, plus aviation industry workers.
On the fence about this bonus since I’m planning on applying for CFF in 5-6 months. Don’t want this hard pull affecting my chances if I can help it, especially if I get declined for Chex.
I don’t have any hard facts on that. It won’t impact anti-churning rules like 5/25, 6/24 etc. But, it does impact your score, esp if recent. At 5-6 months, it should have little effect. (Wouldn’t it be better to apply for the CSR or CSP, collect SUB, and then PC to CFF?)
The thing that sucks is Wings is Chex sensitive, and they pull your credit right away before they score the Chex. Not sure if they relaxed to allow

AllenW in, but by my unofficial count and polling people this earlier year, they only approve people who average about 1 Chex inquiry per month. People that averaged two or more got turned down. My P2 got in at around 1 per month over the last 12 months. That’s Chex only, and not counting all the EWS only banks.
Thanks for the insight. Sounds like Chex will be my downfall, but I’ll keep this one on the back-burner.
As for cc choice, I can’t meet MSRs of CSR/CSP with organic spend. I know, I know, there’s MS, but I don’t have any experience beyond the basics (e.g. bank cc funding). I’ll need to look into it more. Also, the benefits of the premium cards are lost on me (I rarely travel/eat out – especially these days). Pretty sure I’m the wrong demographic for CSR/CSP/travel cards in general!
Two savings accounts at Redstone = Min Spend done, for example. Chase UR you can cash out to a statement credit, even if not optimal, as travel credit is a higher $ rate. I can understand passing on the CSR because it requires more tricks and/or usage to reap the full bennies, but the CSP vs CFF is easy money. I understand the trepidations about travel cards, I am the same way…. but you have to look past that and find what you can use. I don’t believe downgrading affects your churn clock, so you PC to CFF after collecting the SUB if that suits you better. It’s been a while since I reviewed Chase benefits, so I might be rusty. I am not the best at CC redemptions and haven’t been under 5/24 in a long time, but my P2 is going to be there soon.
And, in case your wondering… I was about to apply, but I pulled my Chex and had 4 hits last month (3 of which were approvals and the one fail was due to the lack of a promo at that branch). I just don’t think there a chance in hell I will get approved. When I tried Wings in the past, the application never went through.
My P2 has an active account there at Wings though and enrolled in ReferLive…. Instead, I might retry the SoFi loan at the end of the month.
Hey Gadget, on your own site I think you say that it’s possible to join Wings CU from anywhere in the US (“Nationwide if you join the Wings Foundation for $5”) — any idea if this is still true? I don’t see such info on their website.
Yes. Worked last month for a friend of mine in CA.
https://newmember.wingsfinancial.com/ Option 4.
If you are doing the referral offer as well, recommend you fill that out prior to the application. And, I’d also wait for the $300 checking offer to come back.
Yep, hopefully it will come back at a time when I don’t have too many Chex pulls! I did a ton mid-2020 so I’m probably going to take it easy for a few months…. Unless some higher-yield irresistable ones come out soon.
10/17 – Applied and approved (Hard Pull) 2K opening Deposit as Purchase Alliant (4 accounts, 2 checking, 2 savings)
10/21 – $301 Deposit Alliant
11/2 & 10/26 $5x debits thru amazon (I had to SM them to send me a Debit card)
11/20 – $300+ Deposit Payroll
12/4 – $300+ Deposit Payroll
12/7 – $50 referral Debit cards came in Mail from P2 referral to P1.
No Bonus yet – Maybe in a couple weeks it will show up, hasn’t been 60 days.
They also deposited an additional $500 by mistake and took it back w/o any contact LOL. This sometimes happen, had a bank short me my opening deposit before also.
Who knows with this place. I applied on 10/17 and account wasn’t opened until 10/29. Met the deposits and debit card transactions in the month of November. Asked about it and I got this answer: “Unfortunately, you became a member before the promotional period began. As such, you do not qualify for the reward.”
New site landing states: Promo Disclosure
Account must be opened in-branch or online using promo code between 10/19/20-12/31/20
Watch out for this one all. Not sure if anyone has the original screenshot before they changed the due date?
their terms do state 10-19. Oh wow. That was an epic fail, I didn’t even notice that. It was reposted without the warning, my fault for not paying attention. I don’t think a screenshot exists.
Why would they post the offer with an open date later, that’s stupid.
Well technically I made 150 in referral and cc spend but still crappy.