Offer at a glance
Maximum bonus amount: $300
Availability: OK & KS
Direct deposit required: Yes, $3,000+ within 90 days
Additional requirements: See below
Hard/soft pull: Mixed DP
ChexSystems: Unknown
Credit card funding: Can fund each account up to $500 (Visa & Mastercard). Might be able to fund more
Monthly fees: None
Early account termination fee: Unknown
Household limit: None listed
Expiration date: December 31, 2023
The Offer
Communication Federal Credit Union is offering a bonus of $300 when you complete the following requirements:
Use promo code BF23
Set up a qualifying direct deposit of at least $3,000
Enroll in eStatements
make 30 qualifying debit card purchases
The Fine Print
Open a New Pay Me Checking, Performance Checking, Student Checking,or Connect Card Account with Promo Code BF23
Must Be Member’s First CFCU Checking Account
Within 90 Days of Opening:
Enroll in eStatements
Receive Qualifying (Payroll, Pension, or Government Benefit) Direct Deposits Totaling at Least $3,000
Make 30 Debit Card Purchases of at least $10
Offer valid 11/24/2023 through 12/31/2023. Cannot be combined with other offers.
Bonus paid to Primary Savings within 90 days of requirements being met. Members who receive more than $600 in incentives annually will receive a 1099-Misc.
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 any fee schedule, so I’m unsure if there is any early account termination fee or not.
Our Verdict
Seems like most recent datapoints say it’s a hard pull. Should still be worth doing for a lot of readers as hard pulls aren’t as important anymore with all the restrictions on churning credit card bonuses. We will add this to our list of the best bank account bonuses.
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