This is now Soarion Credit Union.
Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $200
- Availability:
- You qualify for membership at AFFCU if you are an active duty member, reservist, veteran, retiree, or a dependent of a member of the U.S. Armed Forces or National Guard residing or working in Texas, Oklahoma, Arkansas, Louisiana, or Mississippi.
- Can also join a foundation
- Direct deposit required: Yes, $500+
- Additional requirements: Use promo code and digital banking
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Up to $1,500. Mastercard/Visa
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: None listed
Contents
The Offer
- AFFCU is offering a $200 bonus when you open a new checking account and complete the following requirements:
- Use promo code BONUSCASH
- Set up direct deposit of $500+ within 60 days of account opening
- Enroll in digital banking
The Fine Print
- This $200 Checking Bonus is not available to existing AFFCU checking members, or members who are not in good standing, or closed their account or checking account within the last 12 months, or closed with a negative balance at any time.
- To receive the $200 Checking Bonus, open a new Value Checking or Rewards Checking account, which is subject to approval, and within 60 days of opening the account complete these activities: 1) Make a direct deposit through the Automated Clearing House (ACH) totaling $500 or more. Your direct deposit ACH must be a settled deposit of your paycheck, salary, other income, pension, or government benefits (such as social security) from your employer or government. Deposits made through the mail, financial center, mobile deposit or ATM, micro-deposits, transfers from one account to another, Person to Person (P2P) payments including those made through providers such as Zelle, Venmo, PayPal through ACH, or other non-payroll ACH electronic deposits will not be considered as direct deposits; –AND–
- 2) Enroll in AFFCU Digital Banking (web browser or mobile app). After meeting these requirements, the $200 Checking Bonus will be added to your checking account within 30 days. If the account has a negative balance, resulted in a loss to AFFCU, or is closed prior to AFFCU’s attempt to deposit the Checking Bonus, the bonus will not be awarded. Limit of one offer per U.S. Taxpayer Identification Number. Primary account holders must be at least 18 years old to be eligible. Accounts subject to backup withholding, AFFCU employees and volunteers, and accounts qualified under eligibility through the Defense Language Institute English Language Schools are ineligible to participate in this offer
- $200 Checking Bonus is considered interest, and will be reported on IRS Form 1099-INT, and the recipient is responsible for all applicable taxes. Offer is for a limited time, subject to discontinuation or change without notice, and is subject to verification, eligibility and qualification review. Certain restrictions apply.
- 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
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
If anybody applies by pledging $10 to Airmen Foundation and gets their account set up let us know in the comments.
Hat tip to reader Bockrr
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- 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?
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Cannot close account via SM, need to call in.
800-227-5328
8-5 CST M-F
9-1 CST Sat
Any dp’s on closing account? Thanks.
P1 Fail DP
3/5 open account
3/19 $501 Schwab push
5/9 messaged CS to check if promo was attached, confirmed promo BONUSCASH
TD worked to trigger the bonus. I just logged in and saw that my bonus posted last week. The bonus posted about 2 weeks after my DD arrived.
Filed CFPB for bonus on April 9, Forwarded to NCUA on April 12.
same here. mine was forwarded from CFPB to NCUA on April 8th.
Did yall use employer DD?
Used Square Payroll which is read DD
Have not heard anything yet. NCUA says they have 60 days to respond.
I got the bonus today!
I CFPB’d them over a chase biz DD, and it worked.
same here. finally got bonus
Nothing for March 20 DD so far.
DPs show March 15 DR had bonus post March 29 so slightly concerning.
Bonus did not automatically post to account. Sent a secure message 40 days after requirements met to inquire about the bonus. The reply indicated I did not use bonus code on the application. I sent a screenshot of the application which included the code.
Currently waiting on a response.
$200 credited to my account yesterday, they didn’t call or email to let me know. I’m thankful to get it.
My DP
Jan 31- account opened
Feb 13- 502 ACH deposit from chase biz
March 15- no bonus yet, called and said it could take a few days (t/c says 30 days of DD)
March 20- CFPB complaint filed then forwarded to NCUA
March 29- bonus posted
After 30 days had passed, it would have made more sense to contact AFFCU once more to follow up. Then if they gave you the runaround, you should have filed the complaint with the NCUA.
Anyway, that’s kind of concerning that the bonus didn’t automatically post.
I have almost exact same scenario. Just filed CFPB today. Will keep updated. Thanks for your info.
Bonuses just posted for P1 & P2 🙂 Here are some DPs:
P1
03-01 – Opened Account at Branch w/$30 Cash Deposit
03-05 – Linked Hub & Schwab Brokerage
03-07 – Schwab $500 Deposit
03-08 – Pulled $500 back to Hub
03-29 – $200 Checking Bonus05
P2
03-11 – Opened Account w/ $1,500 USAA CC
03-12 – Linked Hub & Schwab Brokerage
03-13 – Pulled $1470 back to Hub and Pushed $500 from Schwab
03-15 – Pulled $500 back to Hub
03-29 – $200 Checking Bonus05
Pretty fast & easy.
I had a square Payroll DD post 3/20 and no bonus yet 🙁
Bonus paid out about a month after real dd.
I asked them to close the paid sav acct and noticed on the closure form that they sent, they marked both the share and share draft acct. No mention of the 3rd acct that I have. They ended up closing all accts. I confirmed that they took the $5 EATF from my $5 bal and the acct wasn’t closed w any negative remarks.