Update 5/11/24: Deal is back until 06/20/24. Hat tip to reader Steve
Update 2/7/24: Extended until 03/31/2024
Update 1/13/24: Extended until extended until 1/31
Offer at a glance
- Maximum bonus amount:Â $150
- Availability:Â Must live, work, worship or attend school in Washington D.C. Looks like joining the ACC might also make you eligible.
- Direct deposit required:Â Yes, $500+
- Additional requirements:Â See below
- Hard/soft pull:Â Soft pull
- ChexSystems:Â Yes, sensitive
- Credit card funding:Â None
- Monthly fees:Â None
- Early account termination fee:Â $25, 60 days
- Household limit:Â None listed
- Expiration date:Â 12/31/2023
The Offer
Direct link to offer
- Andrews Federal Credit Union is offering a bonus of $150 when you open a new Kasasa Cash, Kasasa Cash Back, Forces, or Online Checking and complete the following requirements:
- Use promo code ANDREWS
- Make a direct deposit of $500+ and maintain that for 90 days
The Fine Print
- To receive the $150 bonus, you must (1) establish a new membership with Andrews Federal Credit Union; (2) open a new Kasasa Cash, Kasasa Cash Back, Forces, or Online Checking; (3) start a new direct deposit of $500 or more to your new checking account within sixty (60) calendar days of opening the account; and (4) maintain that direct deposit for at least ninety (90) calendar days (i.e. ninety (90) calendar days from the date of the first direct deposit to the account).
- Membership and checking account must be opened during the promotional period of 11/15/2023 and 12/31/2023.
- You must meet the terms of your new checking account type, including the direct deposit requirement, in order to be eligible for the $150 bonus.
- Qualifying direct deposits include recurring electronic deposits of payroll, pension, or Social Security. Person-to-person, bank transfers or other electronic money transfers, such as those made through internet payment services, do not qualify. No minimum balance required to open a new Kasasa Cash, Kasasa Cash Back, Forces, or Online Checking account; the minimum balance to maintain each checking account type may vary, visit the individual product pages linked above for full account details.
- The $150 will be credited to the new checking account after you have met the 90 day direct deposit requirement, if all other checking account requirements are also met.
- Existing primary Andrews Federal members (i.e. memberships opened prior to 11/15/2023) are not eligible for this offer.
- Previous memberships that were closed within 180 days prior to promo are not eligible for this offer.
- Your new Andrews Federal checking account must still be open and in good standing when we seek to credit the bonus, otherwise the bonus is forfeited.
- Only one bonus will be awarded per member regardless of the number of accounts opened.
- Bonus offers are not transferable and are reportable for tax purposes.
- A $25 early account closing fee applies if the account is closed within 60 days of opening.
- All Andrews Federal checking and savings accounts are subject to Andrews Federal standard account agreements.
- Offer is subject to change at any time.
- Employees, Directors or contractors of the Credit Union, or their direct family members are not eligible for this offer.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
These accounts have no monthly fees to worry about.
Early Account Termination Fee
A $25 early account closing fee applies if the account is closed within 60 days of opening
Our Verdict
Previously this was $200 with the same requirements. Still worth doing and the Kasasa Cash checking account earns 6% APY on up to $25,000. We will add this to our list of best bank account bonuses.
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
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