Offer at a glance
Maximum bonus amount: $100
Availability: Michigan only, maybe nationwide?
Direct deposit required: Yes, $1,000+
Additional requirements: None
Hard/soft pull: Soft pull
ChexSystems: Unknown, sensitive
Credit card funding: None
Monthly fees: None
Early account termination fee: Unknown
Household limit: None listed
Expiration date: December 10, 2023
The Offer
MSU Federal Credit Union is offering a $100 checking bonus when you open a new checking account and complete the following requirements:
Receive a direct deposit of $1,000+ within the first 90 days
The Fine Print
Offer valid 10/10/23 to 12/10/23.
Member must set up direct deposit with their existing checking account and must have three consecutive electronic deposits each with a minimum deposit of $1000 in aggregate which remain in the account for at least 90 days.
First direct deposit must be set up and deposited into your MSUFCU checking account by 12/10/23.
Bonus of $100 will be deposited to the member’s savings account within 90 days of promotion end date.
Not valid for funds already on deposit with MSUFCU.
Offers cannot be combined.
Bonus may be taxable and reported on an IRS Form. Federally insured by the NCUA.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Totally green checking account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any early account termination fee or not.
Our Verdict
There was a $250 bonus last year. Because of that probably better to just wait to see if a bigger bonus returns.
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?
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