Deal has ended, view more bank account bonuses by clicking here.
Offer extended until November 30th
Offer at a glance
- Maximum bonus amount: up to $1,000
- Availability: MI
- Direct deposit required: Yes, direct deposit through February 2025
- Additional requirements: See below
- Hard/soft pull: Mixed datapoints
- ChexSystems: Unknown
- Credit card funding: No credit card funding, can fund with a debit card up to $20,000
- Monthly fees: None
- Early account termination fee: $15, 180 days
- Household limit: “one bonus per member” (in the past we wrote about a limit 1 per household, I’m not seeing that here)
- Expiration date: October 31, 2024
Contents
The Offer
- Community Financial Credit Union is offering of up to $1,000 checking bonus when you open a new checking account and set up direct deposit through February 2025:
- $1,000 Bonus with monthly direct deposit of $10,001 or more
- $500 Bonus with monthly direct deposit of $5,001 to $10,000
- $300 Bonus with monthly direct deposit of $3,000 to $5,000
Direct Deposit must start within 8 weeks of account opening and continue through February 2025.
The Fine Print
- Accounts must be opened by October 31, 2024. Direct deposits must be active within 8 weeks of account opening. Monthly direct deposit amounts must meet a tier’s minimum amount each month to qualify for the bonus. One bonus per member.
- Open only to new checking account holders.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This is a free checking account has no monthly fees to worry about.
Early Account Termination Fee
According to the fee schedule there is a $15 fee if closed within 180 days.
Our Verdict
Great deal if you’re eligible for an account and have a large direct deposit to move over. The previous deal was for $750 without the high direct deposit requirements – see the comments on the prior posts to read experiences with the credit union.
Hat tip to reader killdozer
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
has anyone had success joining oos with family connection? if so, what kind of proof did they ask for?
Replied to wrong comment
Just opened online in MI, Chex stats around 5/1, 9/2, 14/6, something like that? Chex score of 801. I asked CSR for fine print of promotion to see what qualifies as a Direct Deposit — they don’t seem to have any.
any recent data points on chex sensitivity? actual numbers for approval/rejection would be helpful (and whether in-footprint or oos)
Anyone have issues where the direct deposit is being posted on the “primary savings” account rather than the checking account? I verified the account/routing numbers
No, but it seems that the “account number” for the checking and savings are the same. Try using the MICR #
I closed my last account ($750 bonus) 2 months ago. Itching to open this one. $1,000 difficult to let go. I am planning to use real DD so that I can make a complain if they don’t pay. They do not mention any waiting period in their Terms..
Early DPs, just based on the auto-assigned category:
Fidelity: DepositsAlly: DepositsChase Business: Paycheck/SalaryWise (from balance, RTP, reference “payroll DD”): DepositsWise (from connected account, reference “payroll DD”): Paycheck/SalaryI think someone else mentioned in another thread, but to force ACH over RTP on Wise, you can pay with a connected account. It will take longer to pay with the account linked with microdeposits vs Plaid. Plaid allows them to check the balance, I believe. Wise just quoted me $28 in fees for a 10k transfer from connected bank account, so I’ll probably be sticking with my Chase Business account.
Can you expand on using Wise for DD here? Is your Wise account personal or business? Was your linked account verified with microdeposits or plaid?
Did you do personal Wise, just want to make sure this satisfies the requirement
Just wanted to say “Thank you” for this very useful information.
Offer extended until November 30th
William Charles
a bit close, applied today anyway, got pending. Always find it interesting to look at the network requests a site makes, the reponses very often have more detail than the page will show you. Mine showed this:
“personKycEvaluationTags”: [
“SSN Warning”,
“KYC DOB Match”,
“KYC SSN Match”,
“KYC Address Match”,
“KYC Name Match”,
“Fraud Review”,
“Phone Match”,
“Qualifile Approved”,
“DOC: proofOfIdentity”
]
they are Chex Sensitive
what were your counts/did they cite any particular number as being too high?
If you churned the prior $750 bonus you must have had the checking closed past 6 months. This closeenuff is the regular checking they just renamed it.
The agent conveniently told me I need to have had closed the prior checking over 6 months ago after opening the closeenuff checking for me over the phone and telling me I would not qualify.
Strange – nowhere in the T&C mentioned this 6 month thing.
killdozer Do you think they do have this rule in place or it’s just the agent’s own opinion?
I was opening over the phone and the agent told me this. They said closeenuff is the same account as their prior checking just a rename and their being a 6 month no churning allowed. They dont really even have any readable T&C for this offer but I believed what the CSR said.
Confirm this is correct through CSR.
Oh, well, guess I just wasted a chex pull since <6 mth for me, but fortunately I haven’t started the DD