[Expired] US Alliance Financial $250 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here.

Offer at a glance

Maximum bonus amount: $250
Availability: Apparently nationwide according to the comments here
Direct deposit required: Yes, $2,000+ for three months
Additional requirements: Call them
Hard/soft pull: Soft pull
ChexSystems: Unknown
Credit card funding: Yes, $100+
Monthly fees: None
Early account termination fee: $25, six months
Household limit: None mentioned
Expiration date: None listed

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

US Alliance Financial are offering a bonus of $250 when you open a new MyLife Checking account and complete the following requirements:
- Use promo code 250CHECK23
- A minimum direct deposit of $2000 per month, initiated within the first 60 days of account opening, is required for (3) three consecutive months after account opening
- The qualifying account must maintain an average minimum monthly balance of at least $500 or The account must make at least 25 debit card purchase transactions per month for (3) three consecutive months, beginning within 60 days of account opening

The Fine Print

One offer per member number. Offer valid only for new MyLife Checking or new MyLife Fresh Start Checking accounts opened on or after January 1, 2023.
Use Promo Code 250CHECK23 to redeem offer.
Existing USALLIANCE members with any checking account product are ineligible for this promotion.
Eligible members are subject to approval by the Credit Union.
Offer subject to change at any time.
Restrictions and limitations may apply.
MyLife Checking Account and MyLife Fresh Start Checking Account are subject to approval. USALLIANCE reserves the right to alter promotion timing and conditions without notice. Promotion cannot be combined with other offers, rates, or discounts.
To qualify for this promotion, the following criteria must be met: 1) A minimum direct deposit of $2000 per month is required for (3) three consecutive months after account opening.
Bank ACH transfers, account-to-account or person-to-person external or internal ACH transfers, verification or trial deposits from financial institutions, ACH transfers using online or mobile payment systems (i.e. PayPal, Venmo, etc.), mobile check deposits, and cash loads or deposits do not qualify as direct deposit for the purposes of this promotion.
The first qualifying Direct Deposit must be added to the eligible checking account within 60 days of opening. 2) The qualifying account must additionally maintain an average minimum monthly balance of at least $500 OR make at least 25 debit card purchase transactions per month for (3) three consecutive months, beginning within 60 days of account opening.
After the introductory period, $250 will be deposited to the member’s qualifying checking account within 30 days after verification of qualifying activities is complete.
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 fee to worry about.

Early Account Termination Fee

According to the fee schedule you will be charged $25 if closed within six months of account opening.

Our Verdict

There is a referral program but last time it didn’t stack. Always nice to see new nationwide bank bonuses, the direct deposit requirement of $2,000 for three months is a little annoying but still worth doing for a lot of people. We will add this to our list of the best checking bonuses.

Hat tip to reader Laura S

Useful posts regarding bank bonuses: