[WI, MN, IL] Verve, A Credit Union $600 Checking Bonus

Offer at a glance

Maximum bonus amount: $600
Availability: WI, MN, IL
Direct deposit required: Yes, $1,000+
Additional requirements: See below
Hard/soft pull: Soft pull
ChexSystems: Unknown
Credit card funding: Up to $2,500
Monthly fees: $0-$15 avoid
Early account termination fee: $25, 90 days
Household limit: Unknown
Expiration date: December 31, 2026

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

Verve, a credit union is offering a bonus of $200-$600 when you open a new checking account.
- Receive $200 when qualifying ACH direct deposits totaling at least $1,000 are deposited into your new checking account within the first two full calendar months after account opening
- Earn an additional $200 by maintaining an average monthly balance of at least $10,000 in qualifying Verve deposit accounts during your first three full calendar months.
- Earn a final $200 by maintaining an average monthly balance of at least $10,000 in qualifying Verve deposit accounts through your first 12 full calendar months

The Fine Print

Only one bonus offer available per person. Bonus only available to new members who have not had a Verve Checking or Membership Share account within the past 18 months. You must be eligible and qualify for membership at Verve, a Credit Union. You must purchase and maintain one required share at par value of $5.00 in a savings account.
To earn up to $600, meet the following requirements:
- $200 Opening Bonus: Open a checking account and complete qualifying ACH direct deposits into checking totaling at least $1,000 within two full calendar months of account opening. Payment will be made within 30 days following the end of the qualification period.
- $200 Three Month Balance Bonus: Maintain an average monthly balance of at least $10,000 in qualifying deposit accounts (checking, savings, money markets, certificates, IRAs, and HSAs) for the first three full calendar months. Balances will be reviewed monthly. Payment will then be made within 30 days following the end of the qualification period.
- $200 Twelve Month Balance Bonus: Maintain an average monthly balance of at least $10,000 in qualifying deposit accounts (checking, savings, money markets, certificates, IRAs, and HSAs) through 12 full calendar months. Payment will then be made within 30 days following the end of the qualification period.
Verve checking account must be open and in good standing at time of payment. Bonus payment is considered interest and reported on IRS form 1099-INT. Offer valid for accounts opened from July 1, 2026, to December 31, 2026. Please consult a Verve team member for full disclosure of membership accounts and bonus offer. Verve reserves the right to modify or discontinue this offer at any time.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Essential checking has no monthly fees, best option if you’re just doing the $200 direct deposit.
Optimum checking has a $15 monthly fee, waived with Verve Credit Card or $10,000 Combined Deposit Account Average Balance

Early Account Termination Fee

$25 EATF fee if closed in 90 days

Our Verdict

Optimum checking earns 2.5% APY if you meet the following requirements each month: Monthly ACH Direct Deposit Totaling $1,000, Valid Email Address, + Enrolled in eStatements. If you put the $10,000 into an account earning 5% you’d earn $500 (or $250 more if you meet the requirements for optimum account) so the extra $400 in bonuses that require deposits aren’t really worth doing. Although they do have a 4.1% APY 13-month CD that can be used to get that last $200 as well as the second $200 so that makes it worth doing if you can tie up the money. We will add this to our list of the best bank account bonuses.

Hat tip to reader Bockrr

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