Update: Looks like you need to be close to a branch to get approved
Offer at a glance
- Maximum bonus amount: $800 + $100 from credit card
- Availability: UT
- Direct deposit required: Yes for full bonus, no minimum mentioned
- Additional requirements: See below
- Hard/soft pull: Unknown (hard maybe)
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $6.95, avoidable
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
The Offer
- Utah First Credit Union is offering a $900 bonus when you open a new checking account and complete the following requirements:
- Earn $50 when you open a Personal Checking account
- Earn $150 by making 25 debit transactions
- Earn $100 when you set up direct deposit
- Earn $100 when you get an Orange Platinum card
- Earn $100 at your 6-month anniversary!
- Earn $200 when you deposit $15,000+ in new money within 30 days and maintain it for 90 days in any deposit account
- Bonus $200 at your 6-month anniversary when you have Personal Checking with at least $15,000 in aggregate deposits
The Fine Print
- For ages 16+.
- You’re not eligible for this checking bonus if you currently have a Utah First checking account or participated in any other Utah First checking account bonus in the past 2 years.
- 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 a $6.95 monthly fee. Waived if any of the following are met:
- Complete 13 transactions within the month including
- Credit or debit card transactions
- Bill pay and ACH payment
- ATM withdrawals, and even paper checks
- Aggregate loan balance of $20K or more
- Account aggregate deposit balance $10K or more
- $500+ monthly direct deposits into your account
- 18-years old or younger
- Students over 18-years old
- Active military
Early Account Termination Fee
I wasn’t able to find a fee schedule.
Our Verdict
Previously there was only a $100 teen checking bonus. This one does have a lot of requirements, especially the $25,000 for six months. I wasn’t able to work out the highest yield account so unsure if that portion is worth doing or not.
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