[Expired] [OK & KS] Communication Federal Credit Union $300 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here.

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: OK & KS
  • Direct deposit required: Yes, $3,000+ within 90 days
  • Additional requirements: See below
  • Hard/soft pull: Mixed DP
  • ChexSystems: Unknown
  • Credit card funding: Can fund each account up to $500 (Visa & Mastercard). Might be able to fund more
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: None listed
  • Expiration date: December 31, 2023

The Offer

Direct link to offer

  • Communication Federal Credit Union is offering a bonus of $300 when you complete the following requirements:
    • Use promo code BF23
    • Set up a qualifying direct deposit of at least $3,000
    • Enroll in eStatements
    • make 30 qualifying debit card purchases

The Fine Print

  • Open a New Pay Me Checking, Performance Checking, Student Checking,or Connect Card Account with Promo Code BF23
    • 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 $3,000
      • Make 30 Debit Card Purchases of at least $10
  • Offer valid 11/24/2023 through 12/31/2023. Cannot be combined with other offers.
  • Bonus paid to Primary Savings 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

This account 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

Seems like most recent datapoints say it’s a hard pull. Should still be worth doing for a lot of readers as hard pulls aren’t as important anymore with all the restrictions on churning credit card bonuses. We will add this to our list of the best bank account bonuses.

Useful posts regarding bank bonuses:
    William Charles
  • On December 3, 2023, 16:39
Tags: credit card fundingdirect deposit requiredks bank bonusesok bank bonuses

View Comments (55)

    • Not yet. I expect, based on the”Bonus paid to Primary Savings within 90 days of requirements being met” term, that I should be credited some time mid-July.

      • @guest_1752003 reported that they received their bonus on Day 91. That's why I was a little bit concerned. I did see that "90 days" in the terms so I will continue to wait patiently.

        Did you receive the tracker email that @guest_1752003 mentioned? I did not.

        • @guest_1810372 – Bonus did not post by day 90 day. Sent SM to inquire about status.

          • I had to request reconsideration after I first inquired and was informed I hadn’t met the eligibility requirements because I was not enrolled in eStatements. Although possibly true, I provided an email indicating that I was enrolled and mentioned that I never received a paper statement in the mail. Within a couple of days the bonus was awarded.

          • @guest_1811155,

            I had to follow up by SM 3 or 4 times but they finally posted the bonus to my Savings account a few minutes ago. 😀

            Are you going to keep the account open since the terms imply that it's once per lifetime?

          • @guest_1752003,

            Did you end up closing your account or did you keep it open due to the once per lifetime terms (or some other reason)?

          • @guest_1810372 My account with ComFed is still open. I keep a few hundred dollars in it. I'll close it around December, one year from opening.

        • I did not receive an email like the one H.P. mentioned. Account was opened Mar 6, and I completed requirements Apr 23. I figure I'll wait the 90 days before I inquire.

  • @guest_1752003,

    Did you immediately withdraw the DD funds by pulling them using your external account, did you use the funds for BP or did you do something else?

    I'm just trying to gauge how sensitive that they are on a scale from BMO (not sensitive at all) to Ameris (very sensitive).

    • @guest_1810372 My DD from S.S. each month is $23xx and deposited by the 3rd of the month. Three calendar days after a DD was deposited, I transferred $2300 to Ally using ComFed's Transfer option. No problems. Be aware that the transfer limits depends on the age of your account (30 days, 60 days, 90+ days). It can be quite low in the first 30 days. I don't have access to my note at the moment. You can find out by trying to transfer out $2K or so and it'll say You've Exceeded Your Transfer Limits and shows you what the limits are. The limits apply whether the transfer was initiated from ComFed or from an external bank.

      • @guest_1752003,

        This is an interesting and scary tidbit: "The limits apply whether the transfer was initiated from ComFed or from an external bank." Can you direct me to where it shows that so I can see for myself? Do you know if BP is included in those limits?

        • @guest_1810372 I could be wrong about the limits being applied to transfers initiated from an external bank. I just looked at the screenshot of Limits that I took on 2/5/24. Under External Transfers there are two categories: Outgoing Transfers and Incoming Transfers. Both of them could mean those inititated from ComFed. Since for me there was no need for me to move large amounts in or out before the limits get raised after 60 days to a pretty good level ($3K/day, $5K/week,$10K/month), I wasn't really concerned about it.

          I don't know what you meant by "BP".

          • @guest_1752003,

            Yes, that most likely means initiated from CFCU's website. It is extremely rare for FI to limit transfers initiated from an external account. I might move some of the money out and do some BP, which stands for "bill pay".

            BTW, are you subscribed to receive comments by email in this post? If so, we won't need to tag each other in the future.

  • Any other ideas for the $10+ debit transactions besides normal spend, Amazon reloads and paying bills?

    • I will likely make multiple transactions towards paying an insurance bill. However, I have found with at least one other bank in the past, I was able to use Cash app reloads to meet the multiple $5+ debit card transactions required to receive a higher APY.

  • I was never asked to fund my accounts or pay the $10 fee for the Cornerstone Foundation. Were either of you?

    I am wondering if they simply will remove $10 if/when I move money into the account. Any idea?

    • I also was never presented with the option of funding my account. These are the options I was given for funding:
      • Download the CFCU Mobile App and use Remote Deposit
      • Make a Transfer from another bank account through Online Banking or the CFCU Mobile App
      • Call 405.879.5937 to funding[sic] by using a debit/credit card or bank account
      • Visit a Communication Federal Credit Union branch near you

  • In the "Welcome" email that I received today, it showed "Our records show you did not request a Visa Debit Card when you opened your account. If you would like to request a debit card, please send us a Secure Message through digital banking or call 800.522.3535."

    I checked my print screens and I definitely did select a debit card. I just sent them a SM about this. Did your "Welcome" email also have this erroneous line? I wonder if this is the opposite of what happened with NASA.

    • It turns out that this is related to my funding question above. I was told that once the accounts are funded, the debit card gets ordered.

      • I was informed of the same when I inquired about being sent a debit card, that I needed to fund the account first.

        • They told me that I could fund by credit card but after I called in to do that they told me that it failed so I just did a mobile deposit.

  • Anyone opened this account yet? Applied 12/7, message saying banker will contact me and nothing yet. Will be calling Monday or Tuesday

    • @guest_1755910,

      Did you end up doing the bonus in this expired post? If so, what did you use for your DD and did you end up receiving the bonus?

Leave a Comment