[CA] SF Fire Credit Union $300 Checking Bonus

Extended to December 31, 2024

Extended to September 30, 2024

Extended to June 30, 2024

Update 12/27/23: Extended to February 29, 2024

Update 10/29/23: Extended to 12/31/23

Update 10/2/23: Extended until 10/31/23

Update 8/5/23: Deal is back and valid until September 30, 2023.

Update 7/1/23: Deal is back and good through July 30, 2023.

Offer at a glance

• Maximum bonus amount: $300
• Availability: Must live,  work, or attend school in San Francisco, San Mateo, or Marin County
• Direct deposit required: Yes, $5,000+ for full bonus 
• Additional requirements: Use promo code
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Up To $495
• Monthly fees: None
• Early account termination fee: None
• Household limit: None listed
• Expiration date: 05/31/2023

The Offer

Direct link to offer

• SF Fire Credit Union is offering a $300 bonus when you open a new checking account and complete the following requirements:
  • Use promo code bonus300
  • Set up direct deposits of at least $1,000 or more within the first 30 days of account opening. Maintain direct deposit for at least 90 days
    • $1,000 – $4,999.99 for $100 bonus
    • $5,000+ for $300 bonus

The Fine Print

• Eligibility Requirements
  • This offer is for new checking and/or savings account holders only.
  • You are not eligible for this offer if:
    • You are a current checking and/or savings account holder.
    • You have previously received a bonus for enrolling in direct deposit.

  Bonus Requirements:

  • Open a new SF Fire Checking and/or Savings account and set-up direct deposit within 30 days of account opening.
    • The bonus amount will vary based on the total amount of qualifying direct deposits received during a 30-day period (the “Assessment Period”).
      • Monthly direct deposit totals $1,000-$4,999.99 receive $100 cash bonus.
      • Monthly direct deposit totals $5,000 or more receive $300 cash bonus.
    • A qualifying direct deposit transaction is an ACH automatic electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. Payments/transfer between accounts are not considered a direct deposit.
  • Maintain direct deposit for a minimum of 3 months (90 days) after first direct deposit transaction.

  Bonus Payment:

  • Once the 90-day qualification period has elapsed, we will determine if you have met the offer requirements and will deposit any earned bonus into your new checking and/or savings account within 15 days.
  • You are responsible for any federal, state, or local taxes due on the bonus and we will report as income to the tax authorities if required by applicable law. Consult your tax advisor.

   

• Offer expires May 31, 2023. However, offer may be discontinued or changed at any time prior to the expiration date without notice.
• 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 didn’t see any mention of an EATF in the fee schedule.

Our Verdict

Apparently they are ChexSystems sensitive (although this suggests otherwise). We will add this to our best bank bonus page.

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