Offer at a glance
- Maximum bonus amount: $200
- Availability: KY
- Direct deposit required: 3 totaling $3,000+
- Additional requirements: Use promo code
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Up to $5,000
- Monthly fees:
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: 12/31/24
Contents
The Offer
- University of Kentucky Federal Credit Union is offering a $200 bonus when you open a new checking account and complete the following requirements:
- Receive three Direct Deposits totaling $3,000 or more within 95 days
- Use promo code 200Better
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
ukfcu checking account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find any EATF in the fee schedule.
Our Verdict
Seems to be a small service area, unfortunately applying through ACCC doesn’t help with out of state applications.
Hat tip to ShawntheShawn
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
I applied OOS on 8/8. On 8/9, I received an email that my application had been assigned to Zach Goodpaster and a phone number. I’ve called twice, and the CSR answering has said he’s in the office but away from his desk but that they would pass on the message to call me back. Guess who hasn’t been called back
Thanks for the DP.
Seems they simply ignored anyone who applied from OOS
Was able to open online with no issues. In state with ACC membership (they asked for documentation). Once the app was assigned I got a phone call and they had to ask me some questions. Did confirm that even though it says they take AMEX, they do not, and I funded with a Venture X for $5k and it coded as purchase. Soft pull and Chex (LOL/24).
Are you in/near Lexington?
I’m in Louisville
still havent heard back. maybe they mailed me something but i havent been at home for a few weeks. likely denied
In KY, out of range with ACC and I got the same message about the same person being assigned my application. No mail no call so far.
Called Bank, was told the person my application was assigned to was out this week so I wouldn’t hear anything until next week unless I wanted to escalate to his manager. Just going to wait and see.
Did you ever hear anything?
Sorry for limited knowledge- it someone could tell me how I could check my check. I’ve done quite a few. I live in state and am an alumni, but was approved. Funded with credit card for $5000 as a sale with Chase Freedom Unlimited
Any data, hard pull or Chex?
I got a similar offer as a current customer. $200 for 3 or more direct deposits totaling $3000 before Aug 31. ( I need to switch this right away. As my work takes forever to switch direct deposit. I’ll likely only get 3 in the timeframe if I switch right now.)
I’m guessing anyone that already has an account that doesn’t receive direct deposit should have received a similar Email. I wasn’t sure I should share the link since it is a custom URL, but nothing says it’s targeted or that I shouldn’t share:
https://www.ukfcu.org/direct?vgo_ee=H%2B26ePjSSjXE%2Fhi38MxQkQQZlJ7EMZZF%2Fp46kUWqYisHbLjThA%3D%3D%3A2RYBkP7OZ63iyH5OkqRiK6E9clfAmDOk
Pasted from Webpage.
MOVE YOUR DIRECT DEPOSIT TO UKFCU. EARN $200*!As a Credit Union with over 107,000 members, we are immensely grateful to each and every person that has joined us over the last 87 years. But some of our members are not taking advantage of everything that membership brings. That’s why today, we want you to be “Direct” with us, so that we can send $200* “Direct” to you!
As an eligible UKFCU member with an existing Checking Account, we want to take the next step in being your go-to financial institution. And to make that happen, we want to give you $200* if you switch your Direct Deposit to your UKFCU Checking Account!
* Offer valid 4.19.24 – 8.31.24. Existing Member with a current Checking Account is required to add Direct Deposit to that account to qualify for the promotion. To earn the account bonus, the existing member must meet the following requirements within the promotional period: (1) designated checking account receives at least three regularly reoccurring payroll Direct Deposits totaling at least $3,000; (2) member account must be above $0.00 at time of bonus payment. If all qualifications are met, funds will be deposited into the primary checking account within 7 business days of completion. Bonus funds may be considered 1099-MISC taxable; consult your tax professional. UKFCU reserves the right to end the promotion without notice. Offers may not be combined. Please see a representative for additional details. Federally insured by NCUA.
Open to those with the American Consumer Council. $5k credit card funding max. Pending.
Are you Oos? Let us know if account approved.
yes oos
Did u get approved?
Thx
If
Davis gets approved, this credit union will soon feel the DoC storm, lol.
way out of state, lol
Applied in state with ACC, but out of their normal zone. Attempting to fund 3k with CC. Received a message saying I should hear from a representative within a couple days.
Do you remember whether they allow funding by American Express card?
It allowed me to put in an Amex number and correctly identified it as such, so I assume they accept it.
Your Application has been Assigned!
Your application has been assigned to Zach Goodpaster. If you have any questions about your application, you can contact them directly at (859) 264-4200.
Thank you again for allowing us to serve you.
Sincerely,
The UKFCU Member Experience Team
Still no credit card charge.
Any update yet
Davis ?
Did you get approved? Did they contact you by phone to discuss the application?
Hard or soft pull?
Nothing on Transunion or Experian. Not sure about Equifax
Please let us know if you get approved thanks.