Chartway Federal Credit Union $200 Checking Bonus, Direct Deposit Not Required

Update 6/18/24: Deal is back, no end date listed. Hat tip to Matt F

Update 11/22/23: Deal is back until 12/29/23

Offer at a glance

• Maximum bonus amount: $200
• Availability: Nationwide
• Direct deposit required: None
• Additional requirements: Make 10 debit card purchases
• Hard/soft pull: Soft
• ChexSystems:Unknown, mixed dp if sensitive
• Credit card funding: $210 ($100 savings, $100 checking, $10 to join)
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None
• Expiration date: October 31, 2023

The Offer

Direct link to offer

• Chartway Federal Credit Union is offering a $200 Cash Back Checking Account when you open a new checking account using promo code 200CASH and complete the following requirements the month after account opening:
  • Perform a minimum of 10 debit card purchases monthly using the Cash Back Checking debit card
  • Enroll in electronic statements with a valid email address
  • Have $500 or more deposits within a monthly cycle in the Cash Back Checking account

The Fine Print

• Qualifications for $200 bonus: Application must include promo code200CASH and meet qualifications for 3% cash back reward the month following account opening. $200 cash bonus will be deposited into Cash Back Checking account the month following met qualifications. Applications received after October 31 will not be eligible for bonus.
• Qualifications for 3% cash back: Must perform a minimum of 10 debit card purchases monthly using the Cash Back Checking debit card, must enroll in electronic statements with a valid email address, and must have $500 or more deposits within a monthly cycle in the Cash Back Checking account. Qualifying transactions are any purchases that are made with your card online or in-store.
• 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 to worry about.

Early Account Termination Fee

I wasn’t able to find an up to date fee schedule, so unsure if there is any EATF.

Our Verdict

Nice that this deal doesn’t require a direct deposit. Last $200 bonus did. We will add this to our list of the best bank account bonuses. They are ChexSystems sensitive.

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