[OK & TX only] First United Bank $250 Checking Bonus

Update 5/8/24: Must be opened by May 15, 2024

Offer at a glance

• Maximum bonus amount: $100
• Availability: Oklahoma & Texas only
• Direct deposit required: Yes, no minimum specified
• Additional requirements: eStatements & 10 debit card transactions
• Hard/soft pull: Soft 
• ChexSystems: Yes
• Credit card funding: Yes, up to $500. Visa, Mastercard & Discover accepted.
• Monthly fees: Avoidable
• Early account termination fee: $10, 60 days
• Household limit: One every two years
• Expiration date: None listed but must be done by August 1, 2024

The Offer

Direct link to offer

• First United Bank is offering a checking bonus of $250 when you use the promo code 250F24 and complete the following requirements:
  • Make Direct Deposits into the account by one or more deposits that, in the aggregate, are equal to or greater than $1,000 during at least one statement cycle during the first 90 days of the account opening

The Fine Print

• To qualify for the special offer, you must open a First United Bank Basic Checking Account, which is subject to approval
• You must also make Direct Deposits into the account by one or more deposits that, in the aggregate, are equal to or greater than $1,000 during at least one statement cycle during the first 90 days of the account opening.
• Direct deposit is the deposit of funds electronically into a bank account rather than through a physical paper check.
• Qualifying direct deposits are deposits of regular monthly income via ACH deposit (such as your salary, pension, or Government benefits).
• Non-qualifying direct deposits are ACH deposits such as check deposits, Peer to Peer (P2P) transfers (PayPal, Venmo, etc.) or other ACH transfers that are not from employers or payroll providers.
• Offer applies to only one checking account per individual and is only valid for individual located in Texas or Oklahoma.
• Offer not available to existing First United Bank checking customers or those who have closed a checking account within the last 180 days.
• First United Bank Employees and family members are not eligible for offer.
• All bonuses will be paid to qualified customers no later than August 1, 2024. 1099 reporting may apply, please consult your tax adviser.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Prestige checking has a $7.50 monthly fee, this is waived with a $1,000 balance.

Early Account Termination Fee

According to this comment it is $10 if closed within 60 days.

Our Verdict

Much better than the previous $100 bonus that was offered. Worth doing if you live in the target area. We will add  this to our list of the best bank account bonuses by clicking here.

Hat tip to reader Bockrr

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