Wings Credit Union $400 Checking Bonus, $200 Savings Bonus

Update 11/27/24: Extended until 12/31/24.

Update 11/1/24: Deal has been extended until 11/30/24.

Offer at a glance

Maximum bonus amount: $600
Availability: Nationwide
Direct deposit required: Yes, $5,000+ for full bonus
Additional requirements: See below
Hard/soft pull: Soft pull
ChexSystems: Yes
Credit card funding: Can fund up to $1,500 per account
Monthly fees: None
Early account termination fee: None
Household limit: None
Expiration date: 10/31/24

The Offer

Direct link to offer

Wings Credit Union is offering a bonus of $600. Bonus is broken down as follows:
- $400 when you open a checking account and complete the following requirements:
  - Use promo code OWNIT24
  - Set up recurring direct deposit to your new checking account within 60 days of account opening ($5,000+ for $400 bonus, $3,500+ for 300 bonus, $1,500 for $150 bonus)
  - Sign up for eDocuments and enroll in Wings digital banking
  - Shop with your Wings debit or credit card. Complete 5 debit or credit transactions, each $25 or more
- $200 bonus when you complete the above requirements and open an additional Wings savings or certificate account within 60 days of membership.
  - Requires $25,000+ at opening
  - Available balance must be $25,000+ on 1/31/25

The Fine Print

General Bonus Requirements:
1. One offer per person; valid for U.S. residents only. Must be 18 years or older.
2. Account must be opened between 9/3–10/31/24.
3. Membership with a Share Savings account and $5 minimum opening deposit required; must be opened at the same time as checking account.
4. Online applicants must use promo code “OWNIT24” at account opening.
5. New members and new recipients only:
a. Cannot have been a previous member (owner of a Primary Share account) of Wings Financial Credit Union within 12 months of promotional account application.
b. Cannot have previously received a new account bonus.
6. The maximum amount one member can earn during the promo period is $600, if all requirements are met.
7. Bonus will be reported as interest earned on IRS form 1099-INT, and recipient is responsible for any applicable taxes. Consult your tax advisor.
8. Not applicable to business accounts and accounts established for estates, benefits, trusts or in a fiduciary capacity.
9. If you do not meet the requirements for this offer, you will not receive the bonus. Disputes regarding promotion requirements must be submitted to Wings Credit Union by 4/7/25 in branch, via phone, or online.
Checking Account Bonus Requirements: Complete General Bonus Requirements (above). Each of the following must be completed using the same checking account within 60 days of account opening:
1. Recurring Qualified Direct Deposit(s) totaling at least $1,500 to earn the $150 bonus, $3,500 to earn the $300 bonus, or $5,000 to earn the $400 bonus.
a. Note, Direct Deposit must also be active on the Bonus Payout Date. “Qualified Direct Deposit” is an Automated Clearing House (“ACH”) automatic and electronic deposit of your salary, pension, Social Security or other regular income into your Wings account deposited as a Pre-arranged Payment and Deposit (“PPD”) entry. Income earned through self-employment or working an IRS-classified “Gig Economy” job does not qualify as a Qualified Direct Deposit. Other electronic deposits or person-to-person payments are not considered a Qualified Direct Deposit.
2. Enroll in Wings digital banking.
3. Enroll in eDocuments.
a. Note, enrollment in eDocuments must also be active on the Bonus Payout Date.
4. Complete at least 5 net PIN or signature-based debit card or credit card transactions over $25 each.If requirements are met, Checking Account Bonus will be paid by 1/17/25 (“Bonus Payout Date”) as a deposit to the Wings checking account; account must be in good standing (positive balance for the last 30 days).
Savings/Certificate Bonus Requirements:
1. Complete Checking Account Bonus Requirements (above)
2. Open a Wings savings account OR certificate account with minimum opening balance of $25,000 within 60 days of membership opening date.
a. Note, IRA accounts excluded. New deposits only; must be opened in branch or by phone. Must have a minimum available balance of $25,000 on 1/31/25 to earn $200 bonus.If requirements are met, Savings/Certificate Bonus will be paid by 2/7/25 as a deposit to the Wings checking account; account must be in good standing (positive balance for the last 30 days).
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

First class checking account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find an early account termination in the fee schedule

Referral Bonus

There is also a $50 referral bonus for both parties. Last time Wings Financial offered a bonus the referral bonus and the main bonus stacked. Do not share your referrals in the comments below, you can share them in this linked posted instead. Some discussion on linking the promotions here.

Our Verdict

Previously this was called Wings Financial Credit Union, now called Wings Credit Union. Last time they offered a $300 checking bonus. Keep in mind you’re excluded from doing this bonus if you’ve done a Wings one before unfortunately so that will exclude a lot of readers. The Platinum Plus Savings account earns 4.75% APY when you have $25,000+ and a direct deposit of $300+ so the savings bonus is also worth considering as that’s already competitive with the top high yield rates before taking into account the $200 bonus (you’d need to hold the $25k in there for ~3 months minimum which works out to be 3.2% APY annualized). We will add this to our list of the best bank account bonuses.

Hat tip to ShawntheShawn

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