[MD only] APGFCU $300 Checking Bonus

Update 4/13/24: Bonus has increased from $250 to $300, but direct deposits need to be $500+ and recurring now.

Offer at a glance

• Maximum bonus amount: $100
• Availability: You must live, work, worship, attend school, or volunteer in Harford or Cecil County or certain areas in Middle River, Maryland.
• Direct deposit required: Yes, monthly direct deposits totaling at least $500
• Additional requirements: Online banking & statements
• Hard/soft pull: Unknown
• Credit card funding: Unknown 
• Monthly fees: None
• Early account termination fee: Account must be open at time of bonus
• Expiration date: December 31, 2023

The Offer

Direct link to offer

• Open a new APG Federal Credit Union personal checking account and receive a $300 sign up bonus when you do the following within 90 days of account opening:
  • Open a new checking account by May 31, 2024
  • Set up and maintain qualifying, recurring monthly direct deposits totaling at least $500 within 90 days of account opening

 

The Fine Print

• Offer is for new and existing members age 13 and older without a checking account only. Account owner may not have closed a checking account with APGFCU at any time on or after November 1, 2022 to qualify for this promotion.
• New High Yield Checking and Member Protect Checking accounts opened on or after November 1, 2023 and on or before December 31, 2023 may qualify for a $250 cash bonus if the account meets the following qualifications within 90 days of opening:
  • (1) opt out of paper statements from APGFCU and
  • (2) within 90 days of opening the checking account (“Qualification Period”), receive into the checking account qualifying reoccurring direct deposits** of at least $500.
• Offer cannot be combined with any other offers and does not apply to second or multiple checking accounts.
• New Standard Checking accounts do not qualify for this promotion.
• If you meet all the terms of this offer, the bonus will be credited to your checking account on the first business day following the end of the 90-day qualification period.
• Limit one bonus per member.
• Fees may apply for early closure of the checking account. Offer may be extended, modified, or discontinued at any time without prior notice at the credit union’s discretion. Any applicable taxes are the responsibility of the recipient.
• The checking account must remain open for a minimum of 90 days and all accounts associated with the membership must be in good standing (see “All About Your Accounts” agreement) to receive the bonus.
• Offer expires December 31, 2023.
• Qualifying Direct Deposit is an electronic credit of your salary, pension, Social Security, or other regular monthly income deposited to your account by your employer or an outside agency. Transactions that do not qualify as a Direct Deposit include, but are not limited to, transfers from one account to another, deposits from an internet payment service, and deposits made at an ATM.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

They offer a free checking account with no monthly minimums or fees.

Early Account Termination Fee

There is also a $15 early account termination fee charged if the account is closed within 60 days, but keep in mind it needs to be open and in good standing to get the bonus.

Our Verdict

Could be worth doing if it’s a soft pull and you live in an eligible area.

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