[Expired] [IL only] Andigo Credit Union $400 Bonus ($250 Checking + $100 CD + $50 For Doing Both)

Deal has expired, view more bank account bonuses by clicking here

Update 2/3/19: Deal is back and valid until 3/31/19. Hat tip to payyoutuesday

Update: Looks like they are extremely ChexSystems sensitive now.

Offer at a glance

The Offer

Direct link to offer

  • Andigo Bank is offering a bonus of up to $400 you need to use promo code REWARD , bonus is broken down as follows:
    • Get $250 when you open a new Cash Back or High-Yield checking account and set up a recurring direct deposit of at least $500 within 60 days of account opening (recurring direct deposit is required for three months)
    • Get $100 when you open any 1 year or greater certificate with $10,000 or more in combined balances.
    • Get $400 when you do both.
  • The you also get 3% cash back on debit purchases (up to $8 per month) on the cash back checking account or 3% APY on balances up to $10,000 on the high yield checking account when the following requirements are met:
    • $500 or more in total direct deposit per month
    • At least 15 Andigo Visa debit card purchases per month (signature or PIN-based)

 

The Fine Print

  • Offer available to new members and members without a checking relationship with Andigo as of 9/1/2018 only.
  • New members must enter promo code REWARD on application and be approved for membership.
  • Bonus payouts may be taxable.
  • You may receive only one new checking and one new savings account opening bonus with the maximum bonuses totally $400.
  • Membership at our credit union is a privilege granted by our members under state law.
  • To receive the $250 checking bonus: Member must open a new Cash Back or High-Yield Checking account, subject to approval.
  • Direct deposit must be setup within 60 days of joining and/or opening new checking account.
  • Qualifying direct deposits are regularly recurring electronic deposits from your employer or other government agency (e.g. Social Security).
  • Person-to-person and bank transfers between your Andigo accounts or accounts you have at other financial institutions or brokerages do not qualify.
  • The $250 checking bonus payout will be deposited into your Andigo checking account within 30 days after the third consecutive month of $500 or more in total direct deposit.
  • All checking accounts must be opened by 10/31/2018 to qualify for bonus payout.
  • To receive the $100 certificate bonus: Member must open a new certificate of 1 year or greater with at least $10,000 in new money.
  • Member may open one or several certificates of $1,000 or more to meet this $10,000 new money qualification.
  • The $100 savings bonus payout will be deposited to your Andigo savings account within 30 days of completed deposit(s).
  • All qualifying deposits must be completed by 10/31/2018 to qualify for bonus payout.
  • To receive the $50 deposit bonus: Member must complete actions required for both the $250 checking bonus and the $100 certificate bonus in the given timeframes.
  • Once all requirements have been satisfied, the $50 deposit bonus will be deposited in your Andigo checking account within 30 days.

Avoiding Fees

Monthly Fees

Early Account Termination Fee

Our Verdict

CD rates can be found here. 12 month CD is 1.75%. Previously the best bonus has been $250 checking with the same requirements, this is basically the same but with the added CD bonus. If you can tie up $10,000 in funds for 12 months then the CD bonus is worth considering, you basically get an extra $150 ($100 bonus + $50 for completing both bonuses) plus you’ll earn 2% APY. 2% is lower than the basic savings account rates currently but with the extra bonus it does make up for it. I will be adding this to the best checking & savings bonuses.

Big thanks to reader, Ryan H who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:
    William Charles
  • On February 3, 2019, 10:00

View Comments (38)

  • CC funding did not work, tested 6/23. Called in and was told it was declined due to cash advance limit set at $100. I tried funding the full $3,000.

  • CC Funding with CSP is being declined -- Chase (automated line) told me it was a cash advance attempt

  • VA - not IL. Did the CD promo as I wasn't eligible for checking, and Andigo sent the offer out via e-mail. Did 4 separate CD's to max out the CC funding, 3K x 3, and 1K x 1, opened each over about 10 days period. Once all CD's were open, SM'ed to get promo attached. Took about 30 days for $100 to post to savings. Description: "Interest Adjustment-Deposit New Certificate $100 Bonus", Posted 04/19/19.

    Closed my checking, but keeping the CD's and savings open. Not the best move financially, but I don't want to get a nastygram for closing the CD's after 10K in CC funding.

        • Weird when I tried andigo a few months ago I was declined for chex, similar numbers. Was thinking of opening one account without CC funding (so they think I'm not only going there for the CC funding) then opening other accounts later with CC funding.

  • what is the meaning about a member? do people need to join in something before? or this offer is open for the public,

  • Is this dead? The "Open An Account" link on https://www.andigo.org/reward directs to an application to join the credit union,

    Can I churn this? Last paid-out and closed in June 2018. I can still login as a member, don't see my old/closed account, but do see my Secure Messages.

  • This is *not* IL only. I was able to open a bank account from California. I also got this in email https://www.andigo.org/reward (same promo w/ different promo code)

    The BONUS promo code also seems to require 15 debit card transactions. Here's the email I got from andigo after I called into ask the promo to be retroactively added to my account:

    As of 2/9/2019 you have completed 0 debit card purchase(s) and have $0 in total direct deposit to your High-Yield Checking account.

    But the month isn't over, and there's still time to make it happen! As a reminder, the qualifications are 15 debit card purchases and $500 or more in total direct deposit by the last business day of the month.

    Helpful hint: Qualifying transactions must post and clear by 2pm CST on the last business day of the month in order to be processed for that month.

    If you have any questions, feel free to call us at 877.270.6392.

    -------------

    Re: chex sensitivity, I don't to give bad DPs but I'm ~10/24 and got approved & CC funding was OK with Citi AAdvantage.

    • ^^ I might be wrong ^^

      The latter seems to be for qualifying for 3% APR for the checking account. The small print on the link above says:
      *APY = Annual Percentage Yield. High-Yield Checking: If monthly qualifying activities are completed, 3.00% APY is paid on the balance up to $10,000 and 0.10% APY is paid on the balance above $10,000. If monthly qualifying activities are not completed, account will earn the standard rate of 0.06% APY. Rates advertised are effective as of January 2, 2019. APYs are subject to change without notice. Please visit andigo.org/rates for the most current rates. Cash Back Checking: If monthly qualifying activities are completed, earn 3% cash back (up to $8/month) on debit card purchases. Qualifying activity requirements for High-Yield Checking and Cash Back Checking: $500 or more in total direct deposit per month and at least 15 Andigo Visa debit card purchases per month (signature or PIN-based). Qualifying card transactions must post and clear by 2 pm CST on the last business day of the month in order to be processed for that month. ATM withdrawals and cash withdrawals from a PIN-based transaction do not qualify as a purchase. No minimum balance is required and there is no monthly service charge. Contact Andigo Credit Union for complete details.

  • Was denied for Chex in 12/18, told I needed to submit DL/utility bill/social security card for verification in 1/19, then denied for Chex again in 1/19...

    I'm 15+/12, so not entirely surprising that it was a Chex denial

  • i dont see a way to directly apply for the checking account...do i have to fill out my info and click the 'contact me' button to get started for this bonus?

  • Do not attempt this out of state. I had to do a 3-way phone call to undo cc funding with Citi and Andigo. Big pain.

    • I did cc funding (no bonus) of a savings account two weeks ago for $3k no problem. First and likely only account but helped me knock most of my Chase WOH SUB requirements.

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