Offer at a glance
Maximum bonus amount: $100 + $50 via loan
Availability: Seems like anybody can join via American Consumer Council (ACC)
Direct deposit required: Yes, $5,000+ per month for three consecutive months
Additional requirements: See below
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: Unknown
Household limit: None
Expiration date: None listed
The Offer
Farmers Insurance Federal Credit Union (FIGFCU) is offering a $250 bonus when you open a new checking account and complete the following requirements:
Use promo code NMHYC
$250 bonus when you open a High Yield Checking account and make direct deposits of $5,000 or more a month for three consecutive months.
$100 bonus when you open a High Yield Checking account and make direct deposits of $1,000 to $4,999 a month for three consecutive months.
The Fine Print
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This 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 EATF.
Our Verdict
This is significantly better than the $100 referral bonus we have previously posted about.
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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
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What Banks & Credit Unions Do/Don’t Pull ChexSystems?
How To Use Our Direct Deposit Page For Bank Bonuses Page
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