[Expired] [VA only] United States Senate Federal Credit Union $500 Checking Bonus

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

Update 9/25/23: Deal is now $500.

Update 7/12/23: Bonus now $400

Update 3/1/23: Bonus is now $500. Still worth doing.

Update 1/10/23: Looks like all it’s actually available nationwide with a membership to The American Consumer Council (free to join). Hat tip to reader Beltway

Update 1/8/23: Bonus has been increased to $518. Hat tip to reader Diego

Offer at a glance

• Maximum bonus amount: $200
• Availability: VA
• Direct deposit required: Yes, $250+
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown, sensitive
• Credit card funding: Up to $500
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: 12/31/2021 12/31/2022 2.28.23

The Offer

Direct link to offer

• United States Senate Federal Credit Union is offering a bonus of $200 when you become a member of USSFCU. Bonus is broken down as follows:
  • $100 – Open a Senate Checking Account and make five $5 debit transactions within 30 days
  • $100 – Receive two “qualifying direct deposits” of $250 or more within 60 days
  • $100 – Deposit $2,000 into a Money Market Account (APY 1.25%) and hold for 6 months
  • $200 – Deposit $5,000 into a Share Certificate (APY 3.98%) of 24 months or more

The Fine Print

• 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 fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

It looked like this might be nationwide, but you need to join the VA American Consumer Council chapter rather than the nationwide one. Bonus itself is pretty average to good and worth doing, will add this to our list of the best bank account bonuses.

Hat tip to Bertrand

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

Post history:

• Update 4/17/22: Deal is back and valid until 12/31/2022.
• Update 1/22/22: Deal is back and extended until 03/31/2022.