Update 9/7/24: Deal is back until October 18, 2024. In branch only this time. Hat tip to Jimmy Johns
Update 5/12/24: Offer extended to July 19,2024
Update 5/8/24: Must be opened by May 15, 2024
Offer at a glance
- Maximum bonus amount: $100
- Availability: Oklahoma & Texas only
- Direct deposit required: Yes, $1,000+
- Additional requirements: None
- Hard/soft pull: Soft
- ChexSystems: Yes
- Credit card funding: Yes, up to $500. Visa, Mastercard & Discover accepted.
- Monthly fees: Avoidable
- Early account termination fee: $10, 60 days
- Household limit: None
- Expiration date: None listed but must be done by August 1, 2024
Contents
The Offer
- First United Bank is offering a checking bonus of $250 when you use the promo code 250M24 and complete the following requirements:
- Make Direct Deposits into the account by one or more deposits that, in the aggregate, are equal to or greater than $1,000 during at least one statement cycle during the first 90 days of the account opening
The Fine Print
- To qualify for the special offer, you must open a First United Bank Basic Checking Account, which is subject to approval
- You must also make Direct Deposits into the account by one or more deposits that, in the aggregate, are equal to or greater than $1,000 during at least one statement cycle during the first 90 days of the account opening.
- Direct deposit is the deposit of funds electronically into a bank account rather than through a physical paper check.
- Qualifying direct deposits are deposits of regular monthly income via ACH deposit (such as your salary, pension, or Government benefits).
- Non-qualifying direct deposits are ACH deposits such as check deposits, Peer to Peer (P2P) transfers (PayPal, Venmo, etc.) or other ACH transfers that are not from employers or payroll providers.
- Offer applies to only one checking account per individual and is only valid for individual located in Texas or Oklahoma.
- Offer not available to existing First United Bank checking customers or those who have closed a checking account within the last 180 days.
- First United Bank Employees and family members are not eligible for offer.
- All bonuses will be paid to qualified customers no later than August 1, 2024. 1099 reporting may apply, please consult your tax adviser.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Prestige checking has a $7.50 monthly fee, this is waived with a $1,000 balance.
Early Account Termination Fee
According to this comment it is $10 if closed within 60 days.
Our Verdict
Much better than the previous $100 bonus that was offered. Worth doing if you live in the target area. We will add this to our list of the best bank account bonuses by clicking here.
Hat tip to reader Bockrr
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
could not receive the txt confirmaton code
There is no confirmation button on the page where you enter the verification code, so you can’t go to the next step
Opened link in private window and was instantly approved with $500 CC funding.
Not only in branch — can be opened online.
Somehow the offer only shows in a private window view.
This is back until October 18, 2024. In branch with code 250M24. Same link in the post
Check your accounts. Payments appear to be happening. Just saw one get posted yesterday – 8/30.
yup…same here…
Yes, deposited for me as well finally!
07/06 – Account Opened in Branch with $100
07/24 – $1001 Chase Payroll ACH
08/30 – $250 bonus posted
I know most of the people are having issues but for me it all went smooth.
Opened account 5/21 and got DD 5/30, still haven’t gotten bonus. Anyone else having issues?
Roba – Many DPs (including myself) in the comments below dealing with the same problem. If your terms during account opening said that the bonus would be paid by Aug 1 and if it has not yet, I would suggest opening a CFPB and BBB complaint for a resolution.
Anuj Bonus deposited on 08/30, check yours!
SG – Yes, I finally got it, thank you.
Husband account was opened on Jun 10 and used Chase Payroll for DD on Jun 21 and no bonus. I opened my account in May and also used Chase Payroll and got the bonus on August. 1.
anneok – If your husband opened the account under promotion but hasn’t received it because of a glitch at the bank’s end, please file a CFPB complaint.
I emailed CSR and they said since his account was opened in June, the bonus payout will be in Novemebr 15 to satify 90 day cycle?!!
anneok – This is all false information. The customer representatives are not knowledgeable enough & keep giving random dates. If your terms during account opening said that the bonus would be paid by Aug 1 and if it has not by now, I would suggest opening a CFPB and BBB complaint for a resolution.
Make sure you save the CSR transcript or keep logs of what they mention. When I requested my chat logs (where CSR confirmed on promotional code applied to my account and bonus pay out confirmation in Aug), branch rep said they can’t provide that. I’ve logged multiple complaints and also sent an email to the branch supervisor but no one has taken any action.
5/10/2024: Account opened in branch using 250F24 promo code with $100 opening deposit. No mention of Chex report even though I had a few recent inquiries.
6/14/2024: Employer DD
6/28/2024: Employer DD
7/15/2024: Employer DD
7/31/2024: Employer DD
8/01/2024: $250 bonus posts as “F Bonus Partner”
Meant to switch DD away after June but forgot. Guess that ended up being the safe play according to other comments of it needing to be recurring.