Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $222
- Availability:Â OK & KS
- Direct deposit required:Â Yes, $2,222+ within 90 days
- Additional requirements:Â See below
- Hard/soft pull:Â Mixed DP
- ChexSystems:Â Unknown
- Credit card funding:Â Can fund each account up to $500Â (Visa & Mastercard). Might be able to fund more
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:Â April 30, 2022
Contents
The Offer
- Communication Federal Credit Union is offering a bonus of $150 when you complete the following requirements:
- Use promo code 222
- Complete the following requirements within 90 days:
- Enroll in eStatements
- Receive a qualifying direct deposits totaling at least $2,222
- Make 22 debit card purchases of at least $2
The Fine Print
- Open a new Pay Me Checking, Performance Checking, or Connect Card account with promo code 222
- Must be member’s first CFCU checking account
- Within 90 days of opening:
- Enroll in eStatements
- Receive qualifying (payroll, pension, or government benefit) direct deposits totaling at least $2,222
- Make 22 debit card purchases of at least $2
- Offer valid 2/22/2022 through 4/30/2022. Cannot be combined with other offers.
- Bonus paid to Primary Share within 90 days of requirements being met. Members who receive more than $600 in incentives annually will receive a 1099-Misc.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
PayMe checking has no monthly fees to worry about
Early Account Termination Fee
I wasn’t able to find any fee schedule, so I’m unsure if there is any early account termination fee or not.
Our Verdict
There has been a $250 bonus and $150 in the past. Those haven’t been offered in a long time though. Unfortunately there are mixed datapoints of it being a hard or soft pull.
Hat tip to reader Daniel
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
Offer extended William Charles Chuck
Link: https://www.comfedcu.org/222-bonus/
Unfortunately, this is definitely a hard pull (Equifax) for membership. I live in Oklahoma and was successful in opening an account pretty easily. Deposits from credit cards are limited to $100 per initial deposit (I did $100 towards checking and $100 towards required savings account).
Definitely a hard pull. Froze all three bureaus, and attempted to open an account yesterday. Today received the following:
Thank you for your account application with Communication Federal Credit Union. At this time, we are unable to verify the information you provided on your application. To open an account in person, please visit a location nearest to you. Please ensure your credit report does not have a security freeze on it to allow for timely processing.
I have not seen any DPs on what qualifies for the direct deposit requirement. Any luck with direct deposits with this bank?
I’ll need 2 open.