Update 10/31/26: Bonus is back and now $200. Hat tip to reader Bockrr
Update 1/31/23: Available again, no end date. Might be available nationwide.
Offer at a glance
- Maximum bonus amount: $100
- Availability: ID only
- Direct deposit required: No, electronic payment is required
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
The Offer
- Cap Ed Credit Union is offering a bonus of $200. To receive the bonus you need to meet the following requirements for the first three full qualification cycles:
- At least one direct deposit or automatic payment of $250 or more must post and settle in the account within the first 90 days of account opening.
The Fine Print
- $200 bonus limited to one (1) per Social Security Number.
- Bonus will be applied to the first new checking account opened and will be deposited within 30 days after qualifications are met and confirmed.
- Confirmation occurs on the second to last day of the qualifying month.
- 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 wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee or not.
Our Verdict
Nice bonus as there is no direct deposit or monthly fees to worry about. I’ll be adding this to our list of the best checking account bonuses.
Hat tip to reader John C
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
