[Expired] [NM, CA, AZ, TX, CO] SLFCU $150 Checking Bonus + $50 Referral

Changed to SUNWARD and bonus no longer offered.

No end date now

Update 5/31/24: Extended to July 31st

Offer at a glance

• Maximum bonus amount:
• Availability: NM, CA, AZ, TX, CO. Must be American Consumer Council member, free to join.
• Direct deposit required: Yes, $100+. Says an ACH deposit will work
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Yes
• Credit card funding: None
• Monthly fees:
• Early account termination fee:
• Household limit:
• Expiration date: May 31, 2024

The Offer

Direct link to offer

• SLFCU is offering a $200 bonus when you open a new checking account and complete the following requirements:
  • Be referred by an existing member and earn a $50 bonus
  • Get a $150 bonus when you:
    • Open your membership with a minimum deposit of $5
    • Open a Quick Cash or Money Manager Checking account,
    • Establish recurring ACH direct deposits of at least $100

The Fine Print

• The Sandia Laboratory Federal Credit Union (SLFCU) New Member Bonus Offer is valid from April 1, 2024 through May 31, 2024 and is limited to a new SLFCU member (“New Member”) receiving one (1) $150 New Member Bonus Offer (“Offer”) and, optionally, one (1) $50 Referral Reward (“Reward”) through SLFCU’s Refer a Friend Program . The New Member must provide the referral code before the application process is complete when applying for membership at an SLFCU branch. If applying online, the referral code must be entered into the membership application form where indicated.
• To receive the Offer, the New Member must be at least 18 years old, reside in the United States, and agree to the terms and conditions of the Offer. The New Member must meet SLFCU membership eligibility requirements.
• For a New Member to receive the $150 Offer, they must not have been an SLFCU member within the past 180 days. They must open a new membership at SLFCU with a minimum deposit of $5, open a Quick Cash or Money Manager Checking account, and establish recurring ACH direct deposits of at least $100. All the above requirements must be met within the first 60 days of establishing membership.
• When all the above requirements are met, the New Member will receive an additional $50 Reward if they have been referred by an Existing Member that meets the requirements described within the terms and conditions of the Refer a Friend Program. The Existing Member will also get a $50 reward at that time. Offer and Rewards will be deposited into the member’s primary savings account within 30 days of all requirements being met. Accounts must be in good standing at the time of Offer and Reward.
• SLFCU employees who meet all Offer requirements are eligible to participate as a New Member. SLFCU employees are not allowed to participate as a referring person through SLFCU’s Refer a Friend Program.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Money manager has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find any mention of any EATF in the fee schedule.

Our Verdict

Feel free to share your referrals in the comments below, along with whether it was a hard or soft pull to open the account. This is a good bonus, especially if you can get some referrals as well. We will likely add this to the best bank account bonuses once we know it’s a hard pull.

Hat tip to reader Yao

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