Update 9/29/24: Bonus has increased to $250, direct deposit requirements reduced. Hat tip to ShawntheShawn
Offer at a glance
Maximum bonus amount:
Availability: TX, MN, KS
Direct deposit required: Yes, $2,500+ for the full bonus
Additional requirements: None
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: None
Household limit: None
Expiration date: None listed
The Offer
Unity One Credit Union is offering a $200 checking bonus, bonus is broken down as follows:
$100 if you have a recurring direct deposit of $500 or more per month
$250 if you have a recurring direct deposit of $1,500 or more per month
The Fine Print
Bonus offer valid for new Best Free Checking accounts only.
No other checking accounts qualify for bonus.
Member must not have a current or prior checking account with Unity One Credit Union.
One bonus offer per social security number or ITIN number.
Allow up to 90 days from account opening to receive cash back deposit.
Earn cash back for the following actions within 45 days of account opening: Receive $100 when you open a new Best Free Checking account, subject to approval, and have a recurring direct deposit of $1,000 or more per month.
Cash back increases to $200 if direct deposit reaches $2,500 or more per month.
Your direct deposits need to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government.
Micro-deposits, Person-to-Person (such as Zelle®) and bank transfers between your Unity One accounts or accounts you have at other financial institutions or brokerages are not considered a direct deposit.
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 an EATF in the fee schedule
Our Verdict
If anybody decides to do this bonus, please share if it’s a hard or soft pull to open in the comments below. It should be worth doing if it’s a soft pull.
Hat tip to Bockrr
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