Offer at a glance
- Maximum bonus amount: $100
- Availability: OK only
- Direct deposit required: Yes, $200+
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: None listed
Contents
The Offer
- Oklahoma Central Credit Union is offering a the following referral bonus:
- $100 for you
- $100 for your family member or friend
- $25 for a local charity
- The person being referred must set up a direct deposit of at least $200
The Fine Print
- To qualify for the Refer A Friend checking account referral program, you must refer a new member who opens a new Oklahoma Central checking account. The new member is required to set up a direct deposit of at least $200.
- Checking accounts must be opened with new money (money not currently held by Oklahoma Central) and a minimum initial $25 deposit is required.
- The $100 awarded through this program cannot be used towards the minimum opening deposit. $100 will be deposited into the current member’s account and $100 will be deposited into the new member’s account within 30 days of account opening.
- In addition to the $100, $25 will be donated to a charity on your behalf.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
CareFree has no monthly fees to worry about.
Early Account Termination Fee
I was unable to find a fee schedule so unsure if there is any EATF.
Our Verdict
Feel free to share your referrals in the comments below.
Hat tip to 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
View Comments (2)
Seems just "OK" to me..
My P2 applied OOS online at OCCU in July 2024, hoping to get some future use of the referral program. Emailed OCCU after about a week, and after some back and forth, they said:
“I spoke with my director and unfortunately since you don’t currently reside in Oklahoma, you do not qualify for a membership here at OCCU. So we cannot proceed with opening you a account with us.”
On the account application, you will select a branch, and it’s my belief that branch is the one who processes the application. That said, I DO NOT recommend 4956 S Peoria Ave branch as “your branch” if from OOS. Could it be YMMV at other branches?
I emailed the person who referred my P2 what branch they used, also from OOS, and they never responded. Oh well. I knew it was a longshot anyway. GL if you try!
There was no hard pull, or Chex pull, unlikely on EWS, but since they did not complete the application process, I cannot guarantee that would be the case for someone who actually gets approved.
Edit: I just looked back through the email chain with my P2's referrer, and they described them as Chex sensitive. So, there is that too.