Update 9/7/25: Deal is back until November 30, 2025. Hat tip to reader Avi
Offer extended until November 30th
Offer at a glance
- Maximum bonus amount: up to $1,000
- Availability: MI
- Direct deposit required: Yes, direct deposit through February 2025
- Additional requirements: See below
- Hard/soft pull: Mixed datapoints
- ChexSystems: Unknown
- Credit card funding: No credit card funding, can fund with a debit card up to $20,000
- Monthly fees: None
- Early account termination fee: $15, 180 days
- Household limit: “one bonus per member” (in the past we wrote about a limit 1 per household, I’m not seeing that here)
- Expiration date: October 31, 2024
The Offer
Direct link to offer
- Community Financial Credit Union is offering of up to $1,000 checking bonus when you open a new checking account and set up direct deposit through February 2025:
- $1,000 Bonus with monthly direct deposit of $10,001 or more
- $500 Bonus with monthly direct deposit of $5,001 to $10,000
- $300 Bonus with monthly direct deposit of $3,000 to $5,000
Direct Deposit must start within 8 weeks of account opening and continue through February 2025.
The Fine Print
- Accounts must be opened by October 31, 2024. Direct deposits must be active within 8 weeks of account opening. Monthly direct deposit amounts must meet a tier’s minimum amount each month to qualify for the bonus. One bonus per member.
- Open only to new checking account holders.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This is a free checking account has no monthly fees to worry about.
Early Account Termination Fee
According to the fee schedule there is a $15 fee if closed within 180 days.
Our Verdict
Great deal if you’re eligible for an account and have a large direct deposit to move over. The previous deal was for $750 without the high direct deposit requirements – see the comments on the prior posts to read experiences with the credit union.
Hat tip to reader killdozer
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
