Deal has expired, view the best current checking bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $100
- Availability: Must live, work, attend school or worship in Canadian, Cleveland, Grady, Lincoln, Logan, McClain & Oklahoma counties in Oklahoma
- Direct deposit required: Yes, $400+
- Additional requirements: eStatements
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Six months, bonus forfeit
- Household limit: None listed
- Expiration date: December 31st, 2018
Contents
The Offer
- Focus Federal Credit Union is offering a bonus of $100 when you open a new checking account. Requirements are as follows
- Direct deposit of at least $400
- eStatements
The Fine Print
- Available to existing and new Focus Federal Credit Union members.
- Must be the first checking account for the member.
- New checking accounts must be opened with direct deposit minimum of $400 and eStatements.
- If the checking account or loan is closed within six months of creation, the $100 bonus will be deducted from the account.
- The offer is subject to cancellation or change without notice.
- Must meet membership eligibility, normal credit underwriting and loan policies apply.
- Offer expires December 31st, 2018.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
The focus checking account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule, but the fine print does say the $100 bonus will be forfeit if closed within 6 months.
Our Verdict
Need to know more about the bank before passing judgement, obviously not a huge bonus though. If anybody knows if it’s a hard/soft pull and if you can/can’t fund with a credit card let us know in the comments below.
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