Fairwinds Credit Union $175 Referral Bonus For New User ($75 For Referrer)

Offer at a glance

  • Maximum bonus amount: $175
  • Availability: Nationwide
  • Direct deposit required: Yes, $1,000+
  • Additional requirements: Be referred
  • Hard/soft pull: Soft pull
  • ChexSystems: Yes
  • Credit card funding: Up to $500 via credit card
  • Monthly fees: None
  • Early account termination fee: None
  • Household limit: None listed
  • Expiration date:06/01/2024

The Offer

Direct link to offer (be sure to sign up with a referral link, you can find and leave links on this dedicated page)

  • Fairwinds Credit Union is offering a $175 referral bonus to the person being referred when they open a Preferred or Signature checking account with $25+ & do a qualifying Direct Deposit of $1,000+ within 60 calendar days of opening. Person referring gets a $75 bonus.

The Fine Print

  • Offer available from January 29, 2024, through June 1, 2024. In order for both the referred individual and the referring FAIRWINDS member to each qualify for and receive the referral reward, the following conditions must be met: The referred individual may not have previously been an owner on or a party to a FAIRWINDS account; the referred individual must open a new FAIRWINDS consumer Preferred or Signature Checking Account with a minimum deposit of $25.00 at new account opening; during the eligible program period, the referred individual must open the new account using the referring FAIRWINDS member’s unique referral link; and the referred individual must receive in the new Preferred or Signature Checking Account a cumulative qualifying direct deposit(s) of $1,000.00 or more (excluding the new account deposit used to fund/open the account) within 60 calendar days of opening. A “qualifying direct deposit” is an Automated Clearing House (ACH) deposit of a paycheck, pension, or government benefit (including Social Security) from the government or your employer. Person-to-person transfers (such as Zelle, PayPal or Venmo) and bank transfers between a FAIRWINDS account or an account at other financial institutions or brokerages do not qualify. The referring FAIRWINDS member must be in good standing with the credit union and must be an owner of a FAIRWINDS consumer Spending or Checking account in order to be eligible for a referral reward. FAIRWINDS Credit Union employees are not eligible to receive any referral program rewards.

Avoiding Fees

Monthly Fees

Easiest account to keep fee free is preferred checking account. This has a $10 monthly fee:

  • Waived with either $1,000 in total monthly direct deposits, or
  • with $10,000 or greater average monthly deposit balance*,
  • or by maintaining an investment** account balance of $10,000 or greater.

Early Account Termination Fee

I wasn’t able to find any mention of an early account termination fee in the fee schedule.

Our Verdict

Not as good as the previous $200 deal, but not sure that will ever return. Obviously an even better if you can refer a few friends/family members as well. Do not share your referrals in the comments, you can share them in this linked post instead. We will add this to our list of the best checking bonuses.

Hat tip to reader Gadget

Useful posts regarding bank bonuses:
    William Charles
  • On January 31, 2024, 09:00
Tags: credit card fundingdirect deposit requirednationwide bank bonusessoft pull

View Comments (245)

  • didn't get my DP in, but i was approved for this on Friday the 6th. I have never opened Fairwinds before. Did have to go through Encryption Registration to submit some personal documents prior.

    used an anonymous referral and was able to fund $495 with Paypal.

    Chex stats between 25 to 30 all throughout 2024.

    • bonus posted fairly quick

      Acct open 12/6
      Chase Payroll $1,000+ push 12/11

      Deposit Welcome to FAIRWINDS! $175 12/16

  • I was cleaning up my open accounts and tried to log in to this account for the first time in a long while.
    Got a login error; CS told me that they closed my Freedom Spending in May.
    I definitely had a few dollars in there but CS confirmed that no closeout check was sent out.

  • Did anyone receive the bonus yesterday? My P2 didn't get it despite opening in October and using wise with payroll reference

  • Used a referral, auto denied due to unable to verify identity via Equifax. My Equifax is not frozen. Any recommendations or appeal I can do here?

    • Go to equifax and check if your name is correct. I had the same problem, my middle name was missing on equifax so I added it and uploaded my passport as proof. Was able to open the account after that.

  • 09/9 Open $505 with Citi Double Cash codes as purchase
    09/17 $1001 Wise
    10/3 $1001 Wise
    10/15 7:03PM $175 Referral Bonus Posted

    • Changing checking account to Freedom Spending to keep relationship with no fees. They have a 0% APY on purchases and balance transfers with 0% balance transfer fee credit card I want in the future.

      To change the type of checking account you have, follow these steps:  

      1. Log in to FAIRWINDS Online
      2. Select "Additional Services" and choose "Documents & Forms"
      3. Select the "Checking Account Change" Online Form
      4. Select the account you want to change
      5. Select what you want to change it too (Freedom Spending)

  • CD opening worked with Chex frozen as an existing customer. 1st attempt as a "new customer" was denied citing identity issues, and they did not try to pull Chex (nothing in Inquiries Viewed Only By You) so I'm guessing it was the existing membership. 2nd attempt as an existing customer was blocked initially by BofA, and again when they ran it the next day, then went through with the 3rd app a few minutes after clearing my card. No cash advance.

    The reason I tried as a new member first was because they only have Paypal for CC funding on new member applications. Existing member apps do have CC funding but no Paypal (was going for category spend). It only appears as an option when the amount you're funding is <=$505, which eliminates all their CDs except the "Add-On" ones because of their minimum funding amounts.

    • Can close the CD by going to Additional Services ->Documents & Forms -> CD Maintenance. Looks like you can close other accounts via Documents & Forms as well.

    • Wait, so were you able to open the checking or a Fairwinds CD? I had a denial citing unable to verify identity for the Checking Account. They told me to re-apply when I called in.

      • CD. I already had a checking account, and was going for a CD in the hopes of avoiding a Chex pull. What was it you were trying?

    • How does the Add-On work? Can you add more with CC funding? And then after 6-months all the funds in it mature?

      • I'm just starting to figure this out, but no, can't "add-on" more with CC unfortunately. Only through an application. Early withdrawal seems to be possible from terms but there's no option to transfer *to* my checking account with them, so I'm guessing there's a wait period; the User Agreement for Transferring Funds suggests 65 days as a number. Given all that and the low interest rate for the Add-On CDs, I think FCU's probably not the best option long-term tbh

  • 7/13 - Opened account and funded with $500 via Payapl using Citi DC
    7/24 - Real DD $500
    7/31 - Real DD $500
    8/15 - $175 bonus posted

  • 7/26: open account with $500 from U.S Bank Cash+ card, coded as purchase
    7/30: deposit $1000.87 with Wise, "Payroll" memo
    8/15: $175 bonus posted
    Will downgrade to Freedom Spending account to avoid paying monthly fee.

  • @6 looks like they extended the promotion to the end of the year. Can we get you to bump this so we can get some referral postings?

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