[NYC] Muncipal Credit Union $200 Checking Bonus

Extended through 12/31

Update 8/24/24: Bonus is now $200. Hat tip to DN_03755

Offer at a glance

  • Maximum bonus amount: $200
  • Availability:
    • Individuals who live, work, worship, or attend school in New York City (NYC)
    • Individuals who work for New York State (NYS) or Federal Employers
  • Direct deposit required: Yes, $200+
  • Additional requirements: None
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: No
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: None listed
  • Expiration date: 9/30/24

The Offer

Direct link to offer

  • MCU is offering a $200 bonus when you open a new free checking account and complete the following requirements:
    • Receive a direct deposit or payroll deduction of $200 or more within 90 days
  • Can also get a $50 bonus for opening a Hero Savings Account between 7/15/24 and 9/30/24

 

The Fine Print

  • You must open a Checking Account with MCU between 5/1/24 and 6/30/24 connected to direct deposit or payroll deduction to get $100.
  • Limit one account-opening bonus per qualifying account.
  • If requirements have been met, the $100 will be deposited into your account 8/9/2024.
  • Offer not available to individuals who were a primary account owner of an MCU checking account in the last 12 months.
  • Account must not be closed or restricted during the time of promotional period.
  • Offer is subject to cancellation without notice. Account opening is subject to approval.
  • 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 unsure if there is any EATF.

Our Verdict

Need to know if it’s a hard or soft pull.

Hat tip to Bockrr

Useful posts regarding bank bonuses:
    William Charles
  • On August 24, 2024, 10:30
Tags: direct deposit requiredny bank bonuses

View Comments (39)

  • Live in the footprint. Opened on 9/25 in branch. Manager was skeptical I can qualify for the $200 bonus by the end of the month.

    Pushed the required $200 via Zelle, CashApp, Morgan Stanley ACH, and RobinHood.

    Something worked: bonus posted on 10/3.

    They pulled CHEX in the branch, as I saw afterward upon checking CHEX online. Was my only CHEX inquiry at the time.

    Read here that someone was approved for $250 bonus, called the customer service, but no luck. Overall, good experience, sleek app and user interface. Keeping it for now.

    Appreciate the community here! Thanks all.

  • 10/8 Opened Checking/Savings
    10/9 $201 Fidelity push
    11/4 $200 promo hits in checking and $50 promo hits in savings

  • Applied online 9/13, opening everyday checking and hero savings accounts.

    $205 push from fidelity CMA 9/27
    $50 savings promo posted 10/3
    $200 checking promo posted 10/3

  • acc open in branch on Aug 29th - deposited $100 cash.

    Sept 10: Chase Payroll $225 Push

    Oct 3: $200 Promo

    The extra $50 was already in the account i believe on the first or second day of account opening.

  • How long does it take to get the $250? I see $50 for savings account but not the $200. I tried calling them and they said I have to go in branch and get approval from a branch manager? Seems crazy… was hoping to avoid that as it’s a hassle.

  • Applied online 8/29, denied due to Chex, Opened in branch 8/31, lol/24 (pulled Chex again in branch)

    $200 push from fidelity bloom 9/5
    $200 push from capital one 360 9/12
    $200 push from Schwab brokerage 9/13
    $50 savings promo posted 9/11
    $200 checking promo posted 10/3

  • Extended through 12/31. Terms still say 9/30, but under the blue banner with the T+C they have the extended date.

  • I did a $201 transfer from Fido CMA but no indication if it worked to trigger the bonus. I don't see any dp on push from Fidelity... wasn't sure if I should get an email or something saying if I got it. I could do a payroll direct deposit but was trying to avoid it since it's only a 1-time $200 requirement. any thoughts appreciated

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