[FL only] Florida Credit Union $300 Checking Bonus

Update 8/13/22: Deal is back for 2022. Hat tip to reader Katie P

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: FL only
  • Direct deposit required: Yes, $500+ within 60 days of opening
  • Additional requirements: See below
  • Hard/soft pull: Hard pull
  • ChexSystems: Unknown
  • Credit card funding: Up to $2,500
  • Monthly fees: None
  • Early account termination fee: $20, six months
  • Household limit: None
  • Expiration date: None listed

The Offer

Direct link to offer

  • Florida Credit Union is offering a bonus of $300 when you complete the following requirements:
    • Open a free personal full-service checking account and use promo code Use Promo Code 24CHK300
    • Make a single or combined direct deposit of $500 within 60 days of opening.
    • Keep account open for at least 90 days.

The Fine Print

  • Offer can be cancelled at any time.
  • Free membership is open to anyone within Florida Credit Union’s 45 county field of membership 1.
  • Anyone who has held a checking account with FCU in the past year will not qualify for the incentive.
  • Must be 18 years of age or older to qualify for this offer.
  • Credit approval and initial $5 open deposit required.
  • $500 cumulative direct deposit amount must be made to this account within the first 60 days of account opening.
  • Your direct deposit needs to be an electronic deposit of your paycheck, pension or, government benefit (such as SSI) from your employer or the government.
  • Person-to-person payments (such as Cash App, Venmo or PayPal) are not considered a direct deposit.
  • If the requirements are met and the account remains open and in good standing for 90 days, the $300 reward will be made available to the member.
  • $300 is considered interest and will be reported on IRS form 1099-INT.
  • Prior terms subject to change.
  • Full-service checking includes direct deposit, Visa debit card, online banking, and eStatements.
  • Interest-Bearing Checking rates accurate as of 4/6/21 and subject to change at anytime.
  • Minimum to earn interest is $10,000 for the Interest-Bearing Checking. APY is Annual Percentage Yield.
  • Interest credited monthly. Fees may reduce earnings.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Both accounts offered have no monthly fee to worry about.

Early Account Termination Fee

According to the fee schedule there is a $20 fee if account is closed within 6 months of opening.

Our Verdict

Hard pull might make it a no deal for some people, although those matter less and less with how strict card issuers are these days. Given it’s a $300 bonus and the requirements are still relatively easy to meet I’ll be adding this to our list of the best bank account bonuses.

Useful posts regarding bank bonuses:
    William Charles
  • On August 13, 2022, 12:00

View Comments (118)

  • Unfortunately, I missed the part of the TOS that state "one per household." P1 earned bonus 19NOV2024, P2 opened account 31DEC2024 and luckily still received bonus 31MAR2025.

  • If trying to open online, they require a Florida drivers license for membership (even with proof of FL residency).

  • Anyone notice after they put in their routing/act info for the deposit that the promo code goes away and needs to be reapplied. They're on the same page so it's easy to input it back in once bank info has been entered. WORD OF CAUTION!

    DP
    *awaiting approval (pasted)  A New Account Representative will contact you within (1) business day to finalize the details of your request. If you have any questions or need additional information regarding the status of your application, please contact us at 800-284-1144.

  • DP:
    06/29/2024 – Opened; hard-pull by Equifax; $2,500 funded on Chase Ink Business, processed as purchase.
    Monthly – Fidelity CMA pushes, T-bill maturity pushes.
    09/27/2024 – $300 “Checking Bonus” posted.

  • Acct open Jun 15th
    Real DD Payroll Jul 3rd $500.15
    No bonus yet.

    Gonna have to go back to that branch.
    If the bonus was not applied I will be more than slightly miffed.

      • Anything weird about your real DD that might've lead to it not automatically going through? Currently only deposited using Schwab but I'm getting antsy since I'm the first DP on here. A couple of Fidelity DPs gave me some confidence but not 100% and kinda need the money.

    • Did you move the money out? Didn't see anything in TOS about that but wonder if it's a factor nonetheless.

  • 03/29/24 – Opened
    04/03/24 – $500 Fidelity push
    06/27/24 – $300 “Checking Bonus” posted

    • What was the description for the Fidelity besides investment income (like when you click on the transaction)

    • hey, can I ask you quick question?

      Did you use Fidelity’s ‘Cash Management’ account to send The $300 deposit?

      Or Did you use Fidelity’s ‘Traditional Brokerage’ account?

          • It generally makes no difference, you can remove the funds as soon as they are available.

        • Thank You!! Did you leave the $500 in there the wholee time? I am wondering if after depositing the $500 if I can withdraw the funds, cause I don’t see anywhere saying the “$500 must stay in the account for an X Amount of time…”

  • 3/26/24 - Opened

    3/27/24 - $500 Fidelity push

    6/23/24 - $300 "Checking Bonus" posted

    Thanks @guest_1725156 for the DP below helping me to reason that Fidelity would satisfy the DD req's.

    Thanks DoC!

    • What was the description for the Fidelity besides investment income (like when you click on the transaction)

    • Hey, can I ask a quick question, did you send the $500 Fidelity Push from the Cash Management account or the traditional brokerage?

      • Late response, but it can be from either account to the best of my knowledge. In my case, it was from my individual brokerage account.

      • -Company Name- Type: Dir Dep ID: XXX CO: -Company Name-
        It also coded the same way on my Monthy Statement. Just with "Deposit ACH" added

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