[OH Only] BMI Federal Credit Union $300 Checking Bonus - Direct Deposit Not Required

Extended to June 30, 2025

Update 1/1/25: New coupon code is FRIEND25, bonus appears to be up to $300, new expiry 3/31/25

Update 2/4/24: Offer ends June 30, 2024

Update 1/2/24: Offer ends March 31, 2024

Update 12/9/23: Deal is back until 12/31/23. Hat tip to Bockrr

Update 5/21/22: Deal is back, but $200 instead of $150. Hat tip to reader Joe.

Offer at a glance

Maximum bonus amount: $200
Availability: BMI FCU is open to everyone 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, 2020~~ December 31st, 2021

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Monthly Fees
- 3.2 Early Account Termination Fee
4 Our Verdict

The Offer

Direct link to offer

BMI Federal is offering a bonus of $150 when you open a new checking account. You can also get $150 for referring a friend (must be a member for at least six months)
- Use promo code FRIEND24 + referring friends name
- Open and deposit at least $20
- Enroll in eStatements
- Complete at least 30 debit card transactions of $5 each

The Fine Print

Enter promo code CHECK20 when applying online or mention when applying in person.
Cash bonus of $150 will be deposited in the member’s savings account within 10 business days after all qualifications have been met.
The following requirements must be met in the first 90 days after the account is opened:
- Open and deposit $20.00 into a new free checking account.
- Make a minimum of 30 Visa® debit card transactions of at least $5/each in the first 90 days.
- Member must sign up for electronic statements.
Cash bonus may be considered income and reported on 1099-MISC or 1099-INT.
Offer not valid on Starting Over Checking, Platinum checking, or Business accounts.
This offer is not available to those with fiduciary accounts, those who have closed an account within 12 months, or have a negative balance.
Checking account must remain open for a minimum of 6 months or the bonus will be debited from the account at closing.
Offer cannot be combined with other checking offers. Membership eligibility and account requirements apply.
BMI FCU is open to everyone who lives, works, worships or attends school in Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware or Morrow County. Federally Insured by NCUA. BMI FCU may amend, suspend, or discontinue this offer at any time without notice.
Offer ends December 31, 2020.

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

Last year they offered a bonus of $250 and it didn’t require the debit card transactions. This new deal is probably not worth doing due to the mixed datapoints of it being a hard pull. Feel free to share your referral information in the comments below, but for now we won’t be adding it to the best checking bonus page.

Hat tip to reader EW

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35 Comments

newest

oldest most voted

Baklava23 (@guest_2019544)

March 8, 2025 22:41

#2019544

Does anyone have a DP for stacking the “NEWCHK25” code with “FRIEND25”?
Also, I read the fine print for the referral program and not seeing the language that referring member has to be with the bank for 6 months.

CK9 (@guest_1997367)

February 3, 2025 20:13

#1997367

This offer is not available to those with fiduciary accounts, those who have closed an account within 60 months, or have a negative balance. Checking account must remain open for a minimum of 12 months or the bonus will be debited from the account at closing.

Liz (@guest_1979035)

January 4, 2025 15:12

#1979035

Opened with Friend25, in geo footprint. Anyone have DPs for debit transactions besides Amazon which I assume works?

baklava23 (@guest_1999739)

February 6, 2025 21:37

#1999739

Liz

I paid my phone/internet bill in small increments

Randy (@guest_1978799)

January 3, 2025 22:37

#1978799

I found a link to a $300 bonus that doesn’t require a referral.

https://www.bmifcu.org/free-checking.html

poopy (@guest_1978198)

January 2, 2025 22:27

#1978198

Can I worship states away from online

Steve (@guest_1977804)

January 2, 2025 11:50

#1977804

SO MUCH RED TAPE, dont bother. Must open a “starting over checking account” , promo code box is on last page before you submit.

https://www.bmifcu.org/starting-over-checking.html

*Enter promo code NEWCHK25 when applying online or mention when applying in person. Cash bonus of $300 will be deposited in the member’s savings account within 10 business days after all qualifications have been met. The following requirements must be met in the first 90 days after the account is opened: 1) Open and deposit $20.00 into a new checking account. 2) Make a minimum of 30 Visa debit card transactions of at least $5 each in the first 90 days. 3) Sign up for electronic statements. Cash bonus may be considered income and reported on 1099-MISC or 1099-INT. Offer not valid on Business accounts. This offer is not available to existing members, those with fiduciary accounts, those who have closed an account within 60 months, or have a negative balance. Checking account must remain open for a minimum of 12 months or the bonus will be debited from the account at closing. Offer cannot be combined with other checking offers or add-on bonus offers. Membership eligibility and account requirements apply. BMI FCU is open to everyone who lives, works, worships, or attends school in Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware, or Morrow County. Federally Insured by NCUA. BMI FCU may amend, suspend, or discontinue this offer at any time without notice. Offer ends March 31, 2025.

How Starting Over Works:Direct Deposit: To participate in the program, you’ll set up a recurring direct deposit into your Starting Over Checking account. This ensures a steady, reliable influx of funds, helping you establish a consistent income flow and build financial stability.Financial Education: As part of the program, you’ll work with one of our Financial Coaches through our Financial Education Program. Our Financial Coaches are Certified Credit Union Financial Counselors (CCUFC) accredited through Credit Union National Association (CUNA).They will provide personalized guidance and support, helping you develop a budget, manage debt, and establish positive financial habits.12-Month Commitment: Maintain your Starting Over Checking account in good standing for 12 months, and you’ll become eligible to transition to our Free Checking account, enjoying all its added benefits and features.