[AZ only] OneAZ Credit Union $200/$300 Checking Bonus

Update 3/4/25: There is a $200 bonus that only requires 20 debit card transactions with no direct deposit.

Update 4/2/24: Extended until June 30, 2024

Update 1/2/24: Offer valid through March 31, 2024

Update 10/3/23: Extended through December 31, 2023.

Update 7/4/23: Extended through September 30, 2023.

Update 4/29/23: Deal is back through June 30

Update 1/12/23: Extended through March 31, 2023. 

Update 10/14/22: Extended until December 31, 2022.

Update 3/26/22: Deal is back, but reduced from $500 to $300. Valid until Offer valid through September 30, 2022

Update 6/29/20: Extended until August 31, 2020.

Update 3/6/20: Deal is back and valid until 6/30/20

Update 12/5/19: Bonus is back and $500 again. Being sponsored won’t work anymore as terms now state Offer available only to new OneAZ Credit Union members who are permanent residents residing in Arizona. Also this term is new: “Qualifying monthly direct deposits must continue in account for a minimum of 6 months.

Update 11/28/19: Bonus reduced to $300 again

Update 11/25/19: Now confirmed to be a soft pull. In addition there is a link for a $500 bonus instead of $300. Hat tip to Arizonapv

Offer at a glance

• Maximum bonus amount: $300
• Availability: Must be a resident or work in Arizona (or attend school, worship or volunteer)
• Direct deposit required: Yes, $1,000+, must be continued for six months
• Additional requirements: None
• Hard/soft pull:Soft pull
• ChexSystems: Unknown
• Credit card funding: Up to $500 
• Monthly fees: $7, avoidable
• Early account termination fee: Bonus forfeit, six months
• Household limit: None listed
• Expiration date: December 30th, 2019

The Offer

Direct link to offer

• OneAZ Credit Union is offering a bonus of $300 when you open a new checking account and complete the following requirements:
  • Have monthly direct deposit totaling $1,000 or more made to this account within 60 days of account opening

 

The Fine Print

• To receive the $300 bonus, you must 1) Open a NEW checking account AND 2) Have monthly direct deposit totaling $500 or more made to this account within 60 days of account opening.
• Important Information: Your direct deposit must be an electronic deposit of your paycheck, investment account, pension or government benefits (such as Social Security) from your employer or government agency.
• After all the above requirements have been met, we will deposit the $300 bonus in your new checking account within 14 business days.
• Bonuses are considered dividends and will be reported on IRS form 1099-INT (or Form 1042-S, if applicable).
• Offer is not available to existing OneAZ Credit Union members.
• This offer is not transferable and cannot be combined with any other promotions.

Avoiding Fees

Monthly Fees

Arizona checking account is the easiest to keep fee free (outside of the student account). The $7 monthly fee is waived if you do any of the following:

• One or more direct deposit transaction(s) each month OR
• ten or more debit card purchases a month OR
• minimum $2,000 aggregate average daily balance in checking, savings and/or money market deposits OR
• minimum $10,000 aggregate month-end loan balances

Early Account Termination Fee

Account must be kept open for six months otherwise you will forfeit the bonus

Our Verdict

This has now been confirmed to be a soft pull (even says so in the disclosures during sign up), I’d still opt out of overdraft protection but overall this bonus is well worth doing and we will add it to our list of the best checking bonuses.

Hat tip to reader LeSpare1

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