[Expired] Digital Federal Credit Union (DCU): $100 Referral Checking Bonus, Direct Deposit Not Required

Deal has ended, view more bank account bonuses by clicking here.

Update 11/30/22: Available again for 2022. Hat tip to reader Olympia

Offer at a glance

• Maximum bonus amount: $100
• Availability: Nationwide (with $10 membership in Reach Out for Schools [part of application process, one time])
• Direct deposit required: Optional, see below
• Additional requirements: See below
• Hard/soft pull: Should be a soft pull if you opt out of overdraft protection
• ChexSystems: Unknown
• Credit card funding: Up to $250
• Monthly fees: None
• Early account termination fee: None
• Household limit:
• Expiration date:

The Offer

Direct link to offer (requires a referral. Do not share or find referrals in the comments, instead go to this linked page)

• Digital Federal Credit Union (DCU) is offering a $100 referral bonus when the person signing up opens a new checking account ($50 bonus for the person referring). Need to complete one of the following:
  • Checking Account with recurring Direct Deposit of your payroll, retirement, Social Security, or other monthly recurring income of $500+ per month
  • Checking Account with at least five ; debit/credit card transactions, bill payments, balance transfers, or P2P transfers the same month.
  • A vehicle, RV, boat, or mobility loan (purchase or refinance).

The Fine Print

• Code and offer expire after 90 days, new referred member has 90 days from receipt of invitation to join, redeem the referral code, open a membership and any one of the qualifying products listed above.
• Referred member must be at least 18 years old. For membership eligibility, please visit: dcu.org
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

They offer a free checking account with no monthly fee

Early Account Termination Fee

I couldn’t find any EATF in the fee schedule.

Our Verdict

Do not share or find referrals in the comments, instead go to this linked page. DCU also offers a high yield savings account that offers 6.17% APY on balances up to $1,000. There was some confusion when we originally posted this deal as part of that thread, so we have created this dedicated post to make it clear you need to open a checking account. This $100 bonus is easy to meet the requirements for and we will be adding it to our list of the best checking bonuses.

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