Offer at a glance
Maximum bonus amount: $200
Availability: Nationwide
Direct deposit required: Yes, $200+
Additional requirements: Be referred
Hard/soft pull: Soft pull
ChexSystems: Yes
Credit card funding: Up to $500 via credit card
Monthly fees: None
Early account termination fee: None
Household limit: None listed
Expiration date: None listed
The Offer
Direct link to offer (be sure to sign up with a referral link, you can find and leave links on this dedicated page)
Fairwinds Credit Union is offering a $200 referral bonus when the person being referred opens a Spending or Checking Account and completes a direct deposit of $200 or more
The Fine Print
Offer available from June 20, 2023 – September 30, 2023.
In order for both the referred individual and the referring FAIRWINDS member to each qualify for and receive the $200.00 referral reward, the following conditions must be met:
The referred individual may not have previously been an owner on or a party to a FAIRWINDS account;
the referred individual must open a new FAIRWINDS consumer Spending or Checking Account with a minimum deposit of $25.00 at new account opening during the eligible program period;
the referred individual must open the new account using the referring FAIRWINDS member’s unique referral link;
and the referred individual must receive in the new Spending or Checking Account a qualifying direct deposit of $200.00 or more (excluding the new account deposit used to fund/open the account) within 45 calendar days of opening.
Your qualifying direct deposit needs to be an Automated Clearing House (ACH) deposit of your paycheck, pension, or government benefits (including Social Security) from the government or your employer. Person-to-person transfers (such as Zelle, PayPal or Venmo) and bank transfers between your FAIRWINDS or any other accounts you have at other financial institutions or brokerages do not qualify.
The referring FAIRWINDS member must be in good standing with the credit union and must be an owner of a FAIRWINDS consumer Spending or Checking account in order to be eligible for a referral reward. FAIRWINDS Credit Union employees are not eligible to receive any referral program rewards.
Rewards that have been fully earned and qualified for will be paid to each party on or about the 15th day of the month following the deposit of the qualifying funds into the referred individual’s new Spending or Checking Account. Only one reward will be provided per referred individual. A referring FAIRWINDS member can only receive a total of up to $1,000 in referral rewards per calendar year. Referred individuals acknowledge that payment of the reward will result in the referring member’s knowledge of the referred individual’s establishment of a new account with FAIRWINDS.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Spend account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find any mention of an early account termination fee in the fee schedule.
Our Verdict
They previously offered $100 for each party, and it’s now been increased to $200. You can find and share referrals on this dedicated page. Do not share referrals in the comments below, any such comments will be removed.
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