[Expired] [UT, Must Be a Student] University Federal Credit Union $150 Checking Bonus

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

Offer at a glance

• Maximum bonus amount: $150
• Availability: Must be a student. Must also live, work, attend school, worship or volunteer in one of the following Utah counties: Salt lake, Utah, Davis, Tooele, Summit or Wasatch
•  Direct deposit required: Yes, $500+ per month for three months
• Additional requirements: None
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: November 1, 2020

The Offer

Direct link to offer

• University Federal Credit Union is offering students a $150 bonus and a free branded hoodie when they complete the following requirements:
  • Make $500 in total direct deposits per month for three consecutive months (Earn $50 per month)

The Fine Print

• Offer valid while supplies last. Certain restrictions apply. Visit ucreditu.com for details.
• Hoodie will be treated as a dividend and may be reported to the IRS as such.
• The $150 is dependent on making direct deposits that total at least $500 per month for three consecutive months
• . Three deposits of $50 will be made over three consecutive months.
• The $150 is considered taxable income and may be reported as such.
• New members only. Must have a valid SSN/ITIN/FTIN to join.
• Direct deposit must be set up within 90 days of account opening.
• The payout will be credited within 180 days of account opening.
• Opening an account requires $10 in savings account.
• For more information see ucreditu.com or contact University Credit Union at 801-481-8800.
• In order to receive the promotional value, a SSN (Social Security Number), ITIN (Individual Taxpayer Identification Number), or FTIN (Foreign Tax Identification Number) must be provided. If providing a ITIN or FTIN a W-8BEN is required. Offer expires November 1, 2020. Federally insured by NCUA.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

eChecking account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee.

Our Verdict

Previously we’ve seen a $300 checking bonus with similar requirements that wasn’t restricted to just students. That was in early 2019 so I’m not sure if we will see such a big bonus again. Considering this is a soft pull we will add it to the best bank bonuses, but some people might want to wait to see if a bigger offer returns.

Hat tip to reader Nate B

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?
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