Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $200
- Availability: Must live or work in an eligible eligible Minnesota or Wisconsin county. Available nationwide with a $5 donation to their foundation, as the option is available on the online application
- Direct deposit required: Optional
- Additional requirements: eStatements & use promo code
- Hard/soft pull: Hard pull
- ChexSystems: Yes
- Credit card funding: Can fund up to $500 per account
- Monthly fees: None
- Early account termination fee: None listed
- Household limit: None
- Expiration date: July 31st, 2022
Contents
The Offer
- Wings Financial is offering a $300 bonus when you open a new checking account and complete the following requirements:
- Use promo code July22Bonus
- Establish a recurring direct deposit of $600 or more to your new checking account; or maintain an average daily balance of at least $2,000 in your account.
- Five net (5) debit card transactions of $25+
- Enroll in eStatements
The Fine Print
- One offer per person. Must be 18 years or older. Account must be opened between 7/1–7/31/22. Membership with a Share Savings account & $5 minimum opening deposit required and must be opened at the same time as checking account.
- New members and new recipients only: 1) Cannot have been a previous member (owner of a Primary Share account) of Wings Financial Credit Union in the last 12 months; 2) Cannot have previously received a new account bonus offer.
- Checking Account Bonus Requirements: Each of the following must be completed using the same checking account within 60 days of account opening: 1) Recurring ACH direct deposit(s) of at least $600 total or maintain an average daily balance of $2,0001; 2) eDocuments enrollment; 3) At least 5 net PIN or signature-based debit card transactions over $25. If requirements are met, bonus will be paid on 10/1/22 as a deposit to the Wings checking account; account must be in good standing (positive balance for the last 30 days) and have active recurring direct deposit and eDocuments enrollment at time of the promotional payment (10/1/22). Only applicable to personal checking accounts; not available for business, estate, ward, benefit or trust account types.
- Must use promo code “July22Bonus” at account opening. Current Annual Percentage Yield (APY) is 0.01% for First Class Checking. High-Yield Checking APY is 1.76% for balances up to $25,000 and 0.01%–1.76% for amounts over $25,000 if requirements are met2. If requirements are not met, the APY is 0.01%. Rates are variable and subject to change.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
First class checking account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find an early account termination in the fee schedule
$50 Referral Bonus
There is also a $50 referral bonus for both parties. Last time Wings Financial offered a bonus the referral bonus and the main bonus stacked. Do not share your referrals in the comments below, you can share them in this linked posted instead.
Our Verdict
We’ve seen a $300 + $50 bonus in the past, but that required a direct deposit. This is a smaller bonus but without the direct deposit so some people might prefer this bonus. Keep in mind it is a hard pull as well, but we will still be adding this to our list of the best checking bonuses.
Hat tip to reader SDubbs
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
You cannot churn this time around. Before you could, though they gave me a hard time paying the bonus because I had received one in the past but their T&C did allow that at that time. Now they don’t. So, don’t even think of applying if you have received a bonus in the past, they have made it very clear this time, it’s one in a lifetime.
bonus is once per lifetime? does it specifically say that in the terms to make it a lifetime?
fineprint says you can
New members and new recipients only: 1) Cannot have been a previous member (owner of a Primary Share account) of Wings Financial Credit Union in the last 12 months; 2) Cannot have previously received a new account bonus offer.
DP ~
IM LMAO/24 WITH CHEX IVE GOTTEN DECLINED FROM THIS BANK EVERYTIME THEY HAVE RUN A PROMO.
BUT.
THEY APPROVED ME THIS TIME LMAO.
PROBABLY BECAUSE I MADE THE BANKER LAUGH DURING OUR INTERACTION.
GGS. EAZY CLAPS.
GOOD LUCK EVERYONE.
Denied with Chex score of 544. They’re still Chex sensitive. Two denials from them in the past year…you’d think I’d learn my lesson.
Last 30: 7
Last 60: 12
Last 90: 15
Last 180: 29
Last 365: 81
Last 730: 133
Tried to open an account with them Sept 2021. Hard Pull on Experian and Chexsystem >.<
Need to have active DD until October to receive bonus.
– If requirements are met, bonus will be paid on 10/1/22 as a deposit to the Wings checking account; account must be in good standing (positive balance for the last 30 days) and have active recurring direct deposit and eDocuments enrollment at time of the promotional payment (10/1/22).
Very great point there. Thanks for pointing that out!
Thanks for posting. You may want to include this post in the Bank Accounts Category. It’s not showing up there
William Charles
Fixed
Only seeing $400 bonus ($200 checking + $200 Credit card).
I’m pretty sure they’re calling it a $400 bonus because that what you get if you do both, but that you can do just checking or just credit card.
There is a $200 credit card offer as well.
To those who applied, is there option to apply for the credit card in the same application so that there is only one single hard pull for a total of $400?
hard pull hard pass sir 🙁
hard pull