[Expired][MI] Community Financial Credit Union $750 Checking Bonus

Update: see details of their new bonus in this post

Offer at a glance

• Maximum bonus amount: $750
• Availability: MI
• Direct deposit required: Yes, direct deposit for 3 consecutive months 
• 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
• Expiration date: None

The Offer

Direct link to offer

• Community Financial Credit Union is offering a $750 checking bonus when you open a new checking account and complete the following requirements:
  • $5,000 minimum opening deposit
  • $5,000 minimum balance for 90 days
  • Direct deposit for 3 consecutive months

The Fine Print

• To receive the $750 bonus, open a new checking account with a minimum balance of $5,000.
• No portion of the initial deposit can come from funds that are already on deposit with CFCU.
• Entire initial amount deposited at account opening must be funds from a source other than funds you have on deposit with the Credit Union (e.g. funds from an account you hold at another financial institution).
• Open only to new checking account holders.
• Only one promotion per household.
• Minimum balance of $5,000 needed for 90 days with three months of direct deposits.
• Bonus provided within 45 days after the initial 90 day requirements.
• 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. If anybody goes for it then please let us know if it’s a hard or soft pull to open.

Hat tip to reader ShawntheShawn

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