[Expired] [Salt Lake County, Utah] University Federal Credit Union $300 Checking Bonus

This is now called UFirst Credit Union

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

Update 7/17/21: Deal is back and available in more counties.

Update 3/9/19: Reposting as it’s confirmed as a soft pull

Offer at a glance

  • Maximum bonus amount: $300 + $100 for auto loan
  • Availability: Must work, live, go to school, worship or volunteer in Salt Lake County, Utah County, Davis County, Tooele County, Summit County and Wasatch County
  • Direct deposit required: Yes, $200 minimum specified
  • Additional requirements: 15 debit card transactions per month for 3 months
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: None listed
  • Expiration date: July 31, 2021

The Offer

Direct link to offer

  • University Federal Credit Union is offering a bonus of up to $300 when you become a member and open a checking account and complete the following requirements:
    • Receive $50 per month for 3 months when you set up a qualifying direct deposit (minimum of $200)
    • Receive $50 per month for 3 months when you complete 15 debit or credit card transactions per month (Minimum of $2 per transaction)
  • You can also get an additional $100 for closing on an auto loan

The Fine Print

  • This must be a new account for the Primary SSN.
  • They cannot have any other new accounts in the last 12 months.
  • New members are to receive $150 for setting up their employer Direct Deposit; $50 per month for 3 months. 30 days after open date, they will receive the first $50.
  • This will follow for month 2 & 3.
  • $150 for 15 debit or credit card transactions per month. $50 per month for 3 months. 30 days after open date, they will receive the first $50. This will follow for month 2 & 3.
  • $100 for an auto loan refinance. $100 for Auto refinance will be deposited at funding. Minimum $10,000 loan amount.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

eChecking account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee.

Our Verdict

Seems like it’s a relatively good bonus if it turns out to be a soft pull, shame about the small area. If anybody has any personal experience then please share it in the comments.

Useful posts regarding bank bonuses:
    William Charles
  • On July 17, 2021, 14:00

View Comments (50)

  • University Federal Credit Union (Utah) now have changed their name to UFirst Credit Union
    here are my dps
    07/26/2021 Account Opened in branch with $40 Bonus for good grades after I showed my transcript
    11/22 Apple Cash Push $501
    11/24 15* $20 Apple Cash Deposit with debit card
    11/27 $50 DD bonus & $50 Debit Transactions Bonus Posted
    12/02 Apple Cash Push $501
    11/05 15* $20 Apple Cash Deposit with debit card
    12/27 $50 DD bonus & $50 Debit Transactions Bonus Posted
    01/07/2022 Apple Cash Push $501
    01/10 15* $20 Apple Cash Deposit with debit card
    01/27 $50 DD bonus & $50 Debit Transactions Bonus Posted

  • So I signed up online through the UFCU link. I completed real DD and did 2.05 amazon gift cards to meet the 15 required transactions within my statement cycles for each month but nothing was posting. I reread the T&Cs and saw that it should have posted after each condition was met. Since I did organic DD I at least wanted to see what was going on even if they didn't give me credit for the debit transactions. I know we're not supposed to call the bank but I did and the guy I talked to said I did meet all the necessary qualifications to receive the bonus. He put me on hold and checked with another department and came back and told me that I didn't sign up under the bonus! Before he let me speak though, he said they would honor it and I should see the deposits in my account. I thanked him very much and let him know that I did indeed sign up under the offer because I was called from the bank after signing up to discuss my options for receiving the debit card and I went to the bank to verify when I got the debit card. So Idk what happened but I'm very appreciative that they honored my account.

  • Don't waste your time -- they require a branch visit even if you open online.

    "In order to complete the review process for your application to open a checking and savings we need to verify your identity. This is necessary to safeguard you from identity theft.

    Please visit the nearest branch to speak with a loan officer or manager with the following information to finalize the opening of your new account:

    o Copy of this letter
    o Photo identification (ex: Driver’s License, passport, or any U. S. Government issued ID).
    o Secondary identification (ex: Any government issued ID, major credit /debit card, or student ID)"

  • DD requirement now $500 per month aggregate per the terms. Also have to open a savings account at minimum, can add echecking as well if you want but savings required. Hard to find any fees that might entail.

  • Everyone in the family including the kids signed up and scored bonus last year. Earlier this year each of us received a 1099-INT but for different amount (e.g., $150, $240), although we all received the same bonus and real interest earned was effectively zero. Then we all received corrected 1099 showing $0 interest. Truly confused here. Anyone else received corrected 1099 for $0 as well? What do you plan to do regarding tax filing?

  • This bonus has been pulled. Still honoring on applications on or prior to 12/31/19. Unfortunately my app was on 1/1...

  • This bonus finally completed today. DPs:
    6/14/19 - Opened
    6/28/19 - Real DD every 2 weeks
    Monthly - 15 comcast charges for $2
    7/12/19 - $100 monthly for meeting requirements
    8/12/19 - $100 monthly for meeting requirements
    9/12/19 - $100 monthly for meeting requirements
    9/13/19 - drawing balance to $10 and waiting to close. no rush with small balance

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