Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $5,000
- Availability: Nationwide
- Direct deposit required: No
- Additional requirements: Use promo code
- Hard/soft pull: Soft pull
- ChexSystems: Unknown, extremely sensitive according to some datapoints but others say not sensitive so YMMV
- Credit card funding: Can fund up to $500 with a credit card
- Monthly fees: None
- Early account termination fee: None
- Household limit: None listed
- Expiration date: March 31, 2026
Contents
The Offer
- SkyOne is offering a bonus (donation) to non-profit organizations. Donation received depends on the amount of new funds deposited and retained on deposit for 30 calendar days. Tiers are as follows:
- $5,000 with a $50,000+ deposit
- $2,500 with a $25,000-$49,999 deposit
- $1,000 with a $10,000-$24,999 deposit
The Fine Print
- Non-Profit Donation Offer valid through March 31, 2026.
- All deposits must be new money not currently on deposit with SkyOne Federal Credit Union.
- Donation amount is determined by the qualifying deposit tier and will be paid directly to the non-profit organization after funds are verified and retained on deposit for 30 calendar days. Limit one donation per qualifying organization. Eligible organizations must maintain a SkyOne Organizational Account with registered proof of 501(c)(3) status on file. Additional terms and conditions may apply.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF
Our Verdict
Insanely good bonus, 10% return for a 30 day hold period. Works out to be ~120% APY. Suspect not many readers are running registered 501(c)(3) charities but if you are then this is worth doing for your organization.
Hat tip to reader ShawntheShawn
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
