[Washington D.C only] Andrews Federal Credit Union $150 Checking Bonus

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: $150
• Availability: Must live, work, worship or attend school in Washington D.C. Looks like joining the ACC might also make you eligible.
• Direct deposit required: Yes, $500+
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Yes, sensitive
• Credit card funding: None
• Monthly fees: None
• Early account termination fee: $25, 60 days
• Household limit: None listed
• Expiration date: 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