Update 1/6/24: Bonus now $400.
This was formerly called University Federal Credit Union.
Offer at a glance
Maximum bonus amount: $400
Availability: Anyone who lives, works, worships, does business or attends school in Salt Lake, Utah, Davis, Tooele, Summit or Wasatch Counties, or anyone with an immediate family member who meets any of those criteria, is eligible join UFirst Credit Union.
Direct deposit required: Yes, $1,000+ per month for three months
Additional requirements: See below
Hard/soft pull: Soft pull
ChexSystems: Unknown
Credit card funding: None
Monthly fees: None
Early account termination fee: Unknown
Household limit: None listed
Expiration date: Offer valid through December 30th, 2022
The Offer
UFirst Credit Union is offering a bonus of up to $400:
$50 will be deposited when new account is opened
An additional $50 will be deposited 6 months after account is opened
Up to $150 will be deposited in $50 increments over 3 consecutive months after setting up and maintaining a direct deposit of at least $1,000 per month
Up to $150 will be deposited in $50 increments over 3 consecutive months when the minimum requirement of 25 transactions per month, with a UFirst Credit Union Visa debit card, credit card or both, are completed
The Fine Print
e. $50 will be deposited when new account is opened. An additional $50 will be deposited 6 months after account is opened. Up to $150 will be deposited in $50 increments over 3 consecutive months after setting up and maintaining a direct deposit of at least $1,000 per month. Up to $150 will be deposited in $50 increments over 3 consecutive months when the minimum requirement of 25 transactions per month, with a UFirst Credit Union Visa debit card, credit card or both, are completed
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
The eChecking 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.
Our Verdict
Seems like a good bonus and worth doing due to the soft pull. We will add this to the 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