Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $300
- Availability:Â OK & KS
- Direct deposit required:Â Yes, $3,000+ within 90 days
- Additional requirements:Â See below
- Hard/soft pull:Â Mixed DP
- ChexSystems:Â Unknown
- Credit card funding:Â Can fund each account up to $500Â (Visa & Mastercard). Might be able to fund more
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date: December 31, 2023
Contents
The Offer
- Communication Federal Credit Union is offering a bonus of $300 when you complete the following requirements:
- Use promo code BF23
- Set up a qualifying direct deposit of at least $3,000
- Enroll in eStatements
- make 30 qualifying debit card purchases
The Fine Print
- Open a New Pay Me Checking, Performance Checking, Student Checking,or Connect Card Account with Promo Code BF23
- Must Be Member’s First CFCU Checking Account
- Within 90 Days of Opening:
- Enroll in eStatements
- Receive Qualifying (Payroll, Pension, or Government Benefit) Direct Deposits Totaling at Least $3,000
- Make 30 Debit Card Purchases of at least $10
- Offer valid 11/24/2023 through 12/31/2023. Cannot be combined with other offers.
- Bonus paid to Primary Savings within 90 days of requirements being met. Members who receive more than $600 in incentives annually will receive a 1099-Misc.
- 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 any fee schedule, so I’m unsure if there is any early account termination fee or not.
Our Verdict
Seems like most recent datapoints say it’s a hard pull. Should still be worth doing for a lot of readers as hard pulls aren’t as important anymore with all the restrictions on churning credit card bonuses. We will add this to our list of the best bank 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?
- 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