Update 10/1/24: Bonus now $319.36 with promo code 319BONUS
Update 8/5/24: Bonus is now $219.36 and promo code is 219BONUS.
Update 1/8/24: Bonus now requires a direct deposit.
Offer at a glance
Maximum bonus amount: $200
Availability: Must live, work or worship in Coconino County, Gila County, La Paz County, Maricopa County, Mohave County, Navajo County, Pima County, Pinal County, Yavapai County, Yuma County
Direct deposit required: No
Additional requirements: 10 debit card transactions
Hard/soft pull: Soft pull
ChexSystems: No
Credit card funding: Up to $200
Monthly fees: None
Early account termination fee: Unknown
Household limit: None
Expiration date: None
The Offer
Arizona Financial Credit Union is offering a $219.36 checking bonus when you open a new checking account and complete the following requirements:
Use promo code 219BONUS
establish recurring direct deposit(s) with a combined total of $1,000 or more per month
have an account balance of $500 or more on the 60th days after the account is opened.
The Fine Print
To qualify for $200 bonus, you must open a Checking Plus account and be 18 years of age or older and a brand-new member with no existing account relationships with Arizona Financial, as determined by having a unique Social Security/Tax Identification Number not on record with the credit union.
Former members may qualify as a new member if previous accounts were closed 12 or more months prior to new open date.
Bonus will be paid approximately 15 days after completing 10 debit card purchase transactions.
Debit card purchase transactions must be completed and posted to the new member’s account within 45 days of account opening.
Transactions in a pending status do not qualify.
All bonuses are considered income and will be reported on IRS Form 1099-MISC.
This promotion cannot be combined with any other offers.
Limit one new member bonus per person.
Business, indirect borrower, fiduciary, voting accounts do not qualify.
Only Arizona Financial members in good standing qualify for this program.
Must meet membership eligibility requirements.
Terms and conditions subject to change without notice. Offer may expire at any time.
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
Seems like a really easy bonus to meet the requirements for if you’re in an eligible area. Donation method doesn’t seem to work to apply out of state.
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