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Offer at a glance
- Maximum bonus amount:$300
- Availability:Â UT
- Direct deposit required:Â Yes, $300+
- Additional requirements:Â No
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â UnknownÂ
- Monthly fees:Â None
- Early account termination fee:Â $10, 90 days
- Household limit:Â None
- Expiration date:Â August 31, 2024
Contents
The Offer
- Cyprus Credit Union is offering a bonus of up to $300 when you open a new checking account and complete the following requirements
- Use promo code 3CKMCGO
- Receive a direct deposit of $300+ within 90 days of account opening and receive a $100 bonus
- Receive $50 per month (up to $200) when you receive a direct deposit of $300+
The Fine Print
- Membership and eligibility requirements apply
- Available on new checking accounts only.
- Not available to business or secondary accounts.
- Limit one new checking offer per account.
- Checking account must be opened between June 14, 2024 and August 31, 2024.
- Direct deposit must total $300 or more per calendar month, begin within 90 days of account opening, and be an electronic deposit of a paycheck, pension, or government benefits from an employer or government entity.
- The initial $100 of the offer will be paid within 30 days of a qualifying direct deposit.
- The remaining $200 of the offer will be paid in increments of $50 per month so long as the monthly direct deposit of $300 or more continues for the four consecutive months following the initial direct deposit.
- Said $50 payouts will be deposited within 30 days of meeting the direct deposit requirements in a given calendar month.
- If a qualifying direct deposit is not received into checking during any given month, the $50 payout for that month and all subsequent months will not be awarded. Federally insured by NCUA.
- Promo code: 3CKMCGO
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
None
Early Account Termination Fee
According to the fee schedule there is a $10 fee if closed within 90 days
Our Verdict
Annoying that you need a direct deposit for so long, but at least it’s a big overall bonus. Share your datapoints in the comments below.
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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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- Complete List Of Ways To Close Bank Accounts At Each Bank
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