[St Louis] CommunityAmerica Credit Union $300 Checking & $100 Savings Bonus

Update 3/2/25: Extended to 3/31/2025.

Update 2/5/25: Extended to 02/28/2025

Update 1/1/25: Extended to 1/31/2025

Update 7/16/24: Extended until 12/31/2024

Offer at a glance

Maximum bonus amount: $400
Availability:live in the St. Louis Metropolitan Area. Living in the St. Louis Metropolitan Area is defined as living in the following counties: Bond, Calhoun, Clinton, Jersey, Macoupin, Madison, Monroe, and St. Clair in Illinois; and Franklin, Jefferson, Lincoln, St. Charles, Warren, St. Louis County and St. Louis City in Missouri
Direct deposit required: Yes, $2,500+
Additional requirements: eStatements & provde e-mail address
Hard/soft pull: Hard pull
ChexSystems: Unknown
Credit card funding: At least $500
Monthly fees: None
Early account termination fee:
Household limit: None listed
Expiration date: 7/15/2024

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

CommunityAmerica Credit Union is offering up to $400 in bonuses. Bonuses are broken down as follows:
- Get a $300 bonus when you open a new chiefs or free checking account
  - Enroll in CommunityAmerica online banking or the CommunityAmerica Mobile App
  - Complete two or more direct deposits that total at least $2,500
- Get a $100 bonus when you open a High Interest Savings account
  - Deposit a total of $2,500 or more into the High Interest Savings account within 90 days of account opening

The Fine Print

$400 Offer. Checking Offer: To receive the $300 credit for a new Checking account, you must meet CommunityAmerica Credit Union membership eligibility requirements and (1) live in the St. Louis Metropolitan Area. Living in the St. Louis Metropolitan Area is defined as living in the following counties: Bond, Calhoun, Clinton, Jersey, Macoupin, Madison, Monroe, and St. Clair in Illinois; and Franklin, Jefferson, Lincoln, St. Charles, Warren, St. Louis County and St. Louis City in Missouri. (2) Open a new Cashback Free Checking or Chiefs Checking account, which is subject to credit approval, between 4/15/2024 and 7/15/2024 (members with existing Cashback Free Checking or Chiefs Checking accounts or with Cashback Free Checking or Chiefs Checking accounts that have closed within the past six months do not qualify), and within 90 days of account opening, (3) enroll in CommunityAmerica online banking or the CommunityAmerica Mobile App, and (4) complete two or more direct deposits that total at least $2,500.
The direct deposits need to be electronic deposits of your paycheck, pension or government benefits from your employer or the government. Person to person payments (such as Zelle) are not considered direct deposits.
Within 30 days of meeting qualification requirements, your $300 credit will be posted into the primary account owner’s membership savings account. The account must be open and in good standing at the time of payout to qualify for the credit. Examples of ineligible accounts may include: delinquent accounts, accounts that have caused the credit union to experience a loss, accounts in which we suspect illegal activity, fraud, scam or financial exploitation, or accounts involved in legal or administrative proceedings.
Limit one $300 credit per account and per member.
Offer subject to change without notice and cannot be combined with any other offer.
The credit may be reported as income on IRS Form 1099-MISC. Savings Offer:
To receive the $100 credit for a new High Interest Savings account, you must meet CommunityAmerica Credit Union membership eligibility requirements and (1) open a new High Interest Savings account between 4/15/2024 and 7/15/2024 (members with existing High Interest Savings or Delta Share Savings accounts, or with High Interest Savings or Delta Share Savings accounts that have closed within the past six months do not qualify), and (2) deposit a total of $2,500 or more into the High Interest Savings account within 90 days of account opening.
Eligible members are required to have opened a qualifying Chiefs Checking or Cashback Free Checking account between 4/15/2024 and 7/15/2024 to qualify for the $100 credit.
Within 30 days of completing the above requirements, a $100 credit will be posted into the primary account owner’s membership savings account.
The account must be open and in good standing at the time of payout to qualify for the credit. Examples of ineligible accounts may include: delinquent accounts, accounts that have caused the credit union to experience a loss, accounts in which we suspect illegal activity, fraud, scam or financial exploitation, or accounts involved in legal or administrative proceedings.
Limit one $100 credit per High Interest Savings account and per member. Offers subject to change without notice and cannot be combined with any other offer. The credit(s) may be reported as income on IRS Form 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

The free checking account has no monthly fees to worry about and neither does the savings account.

Early Account Termination Fee

I don’t see any early account termination fee mentioned.

Our Verdict

Doesn’t look like there is any hold period for the savings account. Better than the previous $200 checking bonus as well, although the direct deposit requirement is higher. We will add this to our list best bank account bonuses.

Hat tip to reader Bockrr

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