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Offer at a glance
- Maximum bonus amount: $300
- Availability: AR only
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Yes
- Credit card funding: Unknown
- Monthly fees: Unknown
- Early account termination fee: None listed
- Household limit: None
- Expiration date: January 4, 2023
Contents
The Offer
- Arkansas Federal Credit Union is offering a $300 business checking bonus when you open a new Choice Checking account and complete the following requirements:
- maintain a minimum average daily balance of $2,000 and
- make a minimum of 10 debit card transactions within the first 60 days of account opening
The Fine Print
- This promotion is only available to the recipient of this direct mail piece. For this promotion, you must open an Arkansas Federal Credit Union Business Choice Checking account by 1/4/2023. You must have at least $100 to open a Business Choice Checking account. To qualify for the $300 bonus offer, you must maintain an average daily balance of at least $2,000 and make a minimum of 10 debit card purchases within 60 days of account opening. ATM transactions and balance inquiries do not count as qualifying transactions for the purpose of this offer. We do not determine how merchants identify transactions, but reserve the right to determine which purchases qualify. The reward will be credited to your account linked to your Arkansas Federal Credit Union Business Choice Checking debit card used to make the qualifying purchases within 120 days of the end of the promotion. Your account must be open and in good standing at the time the reward is credited. Purchases from the same account but different cards cannot be combined. Arkansas Federal Credit Union federally insured by NCUA.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
I couldn’t find any information regarding monthly fees
Early Account Termination Fee
I wasn’t able to find an EATF in the fee schedule.
Our Verdict
We don’t know much/anything about this bank or bonus unfortunately. It could be a good deal if it’s a soft pull to open and can all be done online.
Hat tip to alopez14
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
America’s armpit- comin in with the win…
Probably in-branch only. OOS and got hit with a “Just fill out the form below and a team member with our Business Services team will contact you, usually within one business day!” When clicking the “get started” button.
I’m not a fan of this CU, and I don’t recommend doing business with them. Typical small CU/bank problems. They are not even part of coop network.
Oos?
I’ve been to Arkansas. I don’t think I saw a woman there less than 2 bills.
I am a member of this credit union. I don’t think they are very tolerant of shenanigans.