Offer at a glance
- Maximum bonus amount: $100
- Availability: Must open in branch, most branches are in OK and a few in KS [Branch locations]
- Direct deposit required: Yes, $500+ per month
- Additional requirements: eStatements + 40 check card transactions
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Communication Federal Credit Union is offering a bonus of $100 when you open a new checking account and complete the following requirements within 60 days of account opening:
- Receive a direct deposit of at least $500 per month
- Sign up for eStatements
- Complete 40 check card transactions
The Fine Print
- Offers may change or end at any time.
- Existing CFCU members not eligible for new checking incentives, but may qualify for loan and credit card incentives.
- Those receiving more than $600 ofincentives annually will receive a 1099-Misc.
To receive $100 reward for opening a checking, you must have all of the following within 60 days of establishing your account:
direct deposit of at least $500 per month, sign up for CFCU eStatements and complete 40 check card transactions. - Limit of 1
new checking reward per new member. - Funds will be deposited in the savings account once all qualifcations have been met at the end of 60 days.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Pay me, performance and student checking all have no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find any fee schedule so I’m unsure if there is any early account termination fee.
Our Verdict
A lot of requirements for a bonus of only $100, personally I don’t think this is worth doing even if it’s a soft pull. I doubt you’d be able to fund with credit card either as it’s in branch opening required as well. I won’t be adding this to our list of the best checking account bonuses.
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?
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- Bank Bonus Posting Times