[Expired] [OH Only] $250 Checking Bonus From BMI Federal Credit Union (Referral Bonus)

Deal has now ended, view more checking bonuses by clicking here

Offer at a glance

• Maximum bonus amount: $250
• Availability: Selected areas of Ohio only. BMI Federal Credit Union is available to anyone who lives, works, worships, or attends school in Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware, or Morrow County
• Direct deposit required: No
• Additional requirements: See below
• Hard/soft pull: Mixed Datapoints
• ChexSystems: Unknown
• Credit card funding: Up to $250 with Visa or Mastercard
• Monthly fees: None
• Early account termination fee: Six months bonus forfeit, bonus forfeit
• Household limit: None listed
• Expiration date: December 31st, 2019

The Offer

Direct link to offer

• BMI Federal Credit Union is offering a referral bonus of $250 (both parties receive the bonus) when you open a new checking account and complete the following requirements:
  • Use promo code CHEER250 and existing member name
  • Sign up for eStatements

 

The Fine Print

• Existing Member Offer: New member must mention name of referring member when account is opened. $250 cash bonus will be deposited to existing member’s account within 10 days after the New Member Offer is qualified.
• New Member Offer: To earn a $250 Cash Bonus, mention offer when opening the account in person, or add the promo code CHEER250 and existing member name to the comment section when applying online.
• The following requirements must be met in the first 60 days after the account is opened: Open and deposit $20.00 into a new free checking account.
• Member must sign up for electronic statements.
• A regular share savings account must be opened and a $5.00 deposit is required.
• 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

If you close your account within six months of opening you will forfeit the bonus.

Our Verdict

This is better than the previous deals offered as no direct deposit is required. A referral is needed, so if anybody has an existing account then please share your details in the comments below. Once there are a few people willing to refer we will add this to our list of the best checking bonuses.

Hat tip to reader Babu

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