Offer at a glance
Maximum bonus amount: $225
Direct deposit required: Yes, $750+
Additional requirements: See below
Hard/soft pull: Hard pull
ChexSystems: Unknown
Credit card funding: Up to $500
Monthly fees: None
Early account termination fee: Unknown
Household limit: None listed
Expiration date: None listed
The Offer
First Florida Credit Union is offering a $225 bonus when you open a new checking account and complete the following requirements:
Establish direct deposits totaling $500 or more within 90 days of opening your new checking account and receive a $200 bonus
Enroll in e-Statements within 90 days of opening your checking account and earn a $25 bonus
The Fine Print
1) Earn $200 for opening a First Florida No Monthly Fee Checking account with direct deposits totaling $500 or more posted within 90 days of account opening.
Upon completion, $200 will be deposited between 91 and 100 days from account opening. A direct deposit must be an electronic deposit of your paycheck, pension, or government benefit (such as SSI) from your employer or the government.
Person-to-person payments (such as Zelle®, Cash App, Venmo, or Paypal) are not considered direct deposits. 2) Earn $25 when you enroll in e-Statements within 90 days of opening your new First Florida No Monthly Fee Checking account.
Upon completion, $25 will be deposited between 91 and 100 days from account opening.
Cash-back offers can only be redeemed once per checking account and per member. Existing members with a First Florida checking account are not eligible.
To receive the cash-back offers, the new checking account must remain open for a year and in good standing.
If requirements are not met, the cash-back offers are subject to be forfeited.
Offers are effective August 1, 2024, and can be withdrawn anytime without notice.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
They offer a free checking account with no monthly fees.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there was any early account termination fee or not.
Our Verdict
Previous bonus was only $200 and had to be opened in branch. Unfortunately it’s a hard pull.
Hat tip to Gz
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