[OR, WA In Branch only] OnPoint Community Credit Union $100 Checking Bonus

Update 5/21/22: Deal is back, but it’s $100 instead of $200.

Offer at a glance

• Maximum bonus amount: $100
• Availability: Available at their Fred Meyer branches. Branches are in WA & OR
• Direct deposit required: Yes, $500+
• Additional requirements: None
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Up to $500
• Monthly fees: $7
• Early account termination fee: Unknown
• Household limit: None
• Expiration date: December 31, 2021

The Offer

Direct link to offer

• OnPoint Community Credit Union is offering a bonus of $100 when you open a new personal or business checking account and complete the following requirements within 60 days of account opening:
  • Receive a direct deposit of $500+

The Fine Print

• The Fred Meyer business bonus is not available to existing members.
• To qualify, individuals must open a new membership with a personal checking account and receive direct deposit of at least $500 to that account within 60 days of the open date.
• A bonus of $200 will be credited to their checking account approximately 60 days after new account is opened
• Bonus will be included on a 1099-INT for tax purposes.
• Cannot be combined with other offers for opening a new membership, such as OnPoint Savers or Refer a Friend.
• Offer only available at OnPoint Community Credit Union’s Fred Meyer Locations.
• Offer valid through 12/31/21 and subject to change.
• Business bonus: To qualify, a new membership must be opened with a business checking account and receive $500 in deposits to that account within 60 days of the open date.
• A bonus of $200 will be credited to their business checking account approximately 60 days after new account is opened.
• Accounts must be open and in good standing at time of payout to receive bonus.
• Bonus will be included on a 1099-Int for tax purposes.
• Cannot be combined with other offers for opening a new membership, such as OnPoint Savers or Refer a Friend.
• Offer only available at OnPoint Community Credit Union’s Fred Meyer Locations. Offer valid through 12/31/21
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

When Interest Checking average monthly balance falls below $500, a $7 monthly service fee applies

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if any EATF is charged.

Our Verdict

Not as good of an offer as the $300 bonus, but this is available at significantly more branches making it easier to open. Requirements are easy to meet so we will be adding this to our list of the best bank account bonuses.

Hat tip to Tortuga

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