Wings Financial Credit Union $200 Checking Bonus, Direct Deposit Not Required + $200 Savings

Update 11/8/22: Deal is back, there is also a $200 CD bonus available.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Must live or work in an eligible eligible Minnesota or Wisconsin county. Available nationwide with a $5 donation to their foundation, as the option is available on the online application
  • Direct deposit required: Optional
  • Additional requirements: eStatements & use promo code
  • Hard/soft pull: Hard pull
  • ChexSystems: Yes
  • Credit card funding: Can fund up to $500 per account
  • Monthly fees: None
  • Early account termination fee: None listed
  • Household limit: None
  • Expiration date: July 31st, 2022 December 31, 2022

The Offer

Direct link to offer

  • Wings Financial is offering a $200 bonus when you open a new checking account and complete the following requirements:
    • Use promo code YEARENDBONUS
    • Establish a recurring direct deposit of $600 or more to your new checking account; or maintain an average daily balance of at least $2,000 in your account.
    • Five net (5) debit card transactions of $25+
    • Enroll in eStatements
  • You can also get an additional $200 savings bonus when you complete all of the checking requirements and:
    • Open a new CD
    • Get a $100 bonus with a deposit of $10,000 – $24,999 and a 12 month term
    • Get a $200 bonus with a deposit of $25,000+ and a 12 month term

 

The Fine Print

  • One offer per person. Must be 18 years or older. Account must be opened between 7/1–7/31/22. Membership with a Share Savings account & $5 minimum opening deposit required and must be opened at the same time as checking account.
  • New members and new recipients only: 1) Cannot have been a previous member (owner of a Primary Share account) of Wings Financial Credit Union in the last 12 months; 2) Cannot have previously received a new account bonus offer.
  • Checking Account Bonus Requirements: Each of the following must be completed using the same checking account within 60 days of account opening: 1) Recurring ACH direct deposit(s) of at least $600 total or maintain an average daily balance of $2,0001; 2) eDocuments enrollment; 3) At least 5 net PIN or signature-based debit card transactions over $25. If requirements are met, bonus will be paid on 10/1/22 as a deposit to the Wings checking account; account must be in good standing (positive balance for the last 30 days) and have active recurring direct deposit and eDocuments enrollment at time of the promotional payment (10/1/22). Only applicable to personal checking accounts; not available for business, estate, ward, benefit or trust account types.
  • Must use promo code “July22Bonus” at account opening. Current Annual Percentage Yield (APY) is 0.01% for First Class Checking. High-Yield Checking APY is 1.76% for balances up to $25,000 and 0.01%–1.76% for amounts over $25,000 if requirements are met2. If requirements are not met, the APY is 0.01%. Rates are variable and subject to change.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

First class checking account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find an early account termination in the fee schedule

$50 Referral Bonus

There is also a $50 referral bonus for both parties. Last time Wings Financial offered a bonus the referral bonus and the main bonus stacked. Do not share your referrals in the comments below, you can share them in this linked posted instead.

Our Verdict

We’ve seen a $300 + $50 bonus in the past, but that required a direct deposit. This is a smaller bonus but without the direct deposit so some people might prefer this bonus. Keep in mind it is a hard pull as well, but we will still be adding this to our list of the best checking bonuses.

The best CD is 14 months, this offers a 3.25% rate. The bonus is relatively small though and with rates rising I don’t think it’s worth doing.

Hat tip to reader SDubbs

Useful posts regarding bank bonuses:
    William Charles
  • On November 8, 2022, 11:00
Tags: credit card fundingdirect deposit not requiredhard pullnationwide bank bonuses

View Comments (44)

  • Not worth a hard pull. There are too many credit card offers worth $500+ to even consider this. I don't get the appeal.

  • Applied and denied today, by email. I'm yeehaw/24 so not surprised. Applied earlier for the USB Leverage card and was hoping to combine HPs, but Wings pulled Experian and USB pulled Transunion. Welp.

  • You can't churn this bonus. It says that if you received a bonus in the past ever, not within the last 12 months bot ever, you can't be eligible.

  • I got a hard pull from this stupid credit union
    very high credit score

    just to be denied

    Their person called me.. and I kept trying to call them back.. and then just denied

    wasted hard pull.. in short fuck Wings

  • Failed DP
    7/2 - Opened
    7/19 - Cap1 $60X transfer
    7/26 - Cap 1 $60X transfer
    Met the 5 $25 debit card transactions and eStatements.
    Should've done another transfer in August and September. Oh well. Hopefully they keep the new customer requirements the same so I can give it another go in a year or so.

  • Also had bonus pay today, did not have DD, simply the $2k balance (plus eDocs and debit spend)

  • DP from Pennsylvania. I took the "...and have active recurring direct deposit...at time of the promotional payment (10/1/22)" part of the terms seriously and set up a recurring transfer to ensure that this requirement was met, even though I usually kept $2000+ in the account:

    07/21/2022: Account opened.
    07/22/2022: Opening transfer of $100 (from Ally) posts.
    07/28/2022: Transfer of $2500 (from Ally to Wings) posts. Coded as "ALLY BANK P2P".
    08/25/2022: Transfer of $605 (from Fidelity CMA to Wings) posts. Coded as "FID BKG SVC LLC MONEYLINE".
    09/13/2022-09/22/2022: 13 debit card purchases made, 8 of which were $25+.
    09/23/2022: Transfer of $605 (from Fidelity CMA to Wings) posts. Coded as "FID BKG SVC LLC MONEYLINE".
    09/29/2022: "JULY NEW MEMBER BONUS-CHECKING" of $200 posts.

    Wings FCU sent an email to me indicating that I received the bonus as well. Thanks, Doc.

  • You cannot churn this time around. Before you could, though they gave me a hard time paying the bonus because I had received one in the past but their T&C did allow that at that time. Now they don't. So, don't even think of applying if you have received a bonus in the past, they have made it very clear this time, it's one in a lifetime.

    • bonus is once per lifetime? does it specifically say that in the terms to make it a lifetime?

      fineprint says you can

      New members and new recipients only: 1) Cannot have been a previous member (owner of a Primary Share account) of Wings Financial Credit Union in the last 12 months; 2) Cannot have previously received a new account bonus offer.

      • It says "2) Cannot have previously received a new account bonus offer." That's pretty clear, no?

      • You answered yourself, it says: ; 2) Cannot have previously received a new account bonus offer. That means, you cannot be eligible if you EVER received a bonus in the past

      • It's not in the T&Cs but their system doesn't play nicely if you try to open a new account online after having previously been a customer. I did my first in dec 2019 and then opened my second one last july in branch and it was a total PITA. took 40+ minutes because of the old account causing problems in the system.

        I imagine that any second-time applications will fail online and require a physical visit, where a banker can just tell you to get lost. YMMV though. HF;GL

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