[CA] Commonwealth Central Credit Union $200, Direct Deposit Not Required

Update 9/12/26: Deal seems to be back until 12/31/26. 

• https://www.wealthcu.org/gilroy-branch (and other branch pages)
  Lists promo code BESTOF exp 10/31/26
• https://www.wealthcu.org/neighborhood-banking
  Lists promo code STILLHERE exp 12/31/26

Offer at a glance

• Maximum bonus amount: $200
• Availability:
  • You live in Santa Clara, San Benito, or Monterey County
  • You work in Santa Clara, San Benito, or Monterey County
  • You reside with a current CommonWealth member
  • You are a relative of a current CommonWealth member
  • You are an employee of a participating CommonWealth Member Company
  • You reside in one of the following counties: Alameda, Contra Costa, San Mateo, Santa Cruz, and Merced. You will also be registered for membership with the Financial Fitness Association (FFA). Your first year’s membership, provided by CommonWealth.
• Direct deposit required: No
• Additional requirements: See below
• Hard/soft pull: Hard pull
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: No
• Early account termination fee: Six months, bonus forfeit
• Household limit: None
• Expiration date: 12/31/24

The Offer

Direct link to offer

• Commonwealth Central Credit Union is offering a $200 checking bonus when you open a new high-yield Rewards Checking and complete the following requirements:
  • Use promo code STILLHERE

The Fine Print

• Special offer applies to new checking accounts only. Subject to $200 fee for closing checking account within 6 months.
• All new accounts will be verified by Chex Systems.
• Cash or non-cash gifts in excess of $10 are subject to IRS reporting on form 1099-INT.
• Offer expires 12/31/2024
• Offer is subject to cancellation without notice and cannot be combined with any other offer. Use promo code EARNMORE.
• 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

Bonus is forfeit if closed within six months

Our Verdict

Bonus doesn’t have any requirements apart from the promo code. Better than the previous $100 deal. Shame it’s a hard pull but will still add it to our best bank bonuses.

Hat tip to ShawntheShawn

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