Farmers Insurance Federal Credit Union (FIGFCU) $250 Checking Bonus

Update 9/24/26: Burbank bonus etc has ended, but $250 bonus still live. There is also a new link (old link still works as well). New link is for cash back checking account, old link (now expired) is for high yield checking account. Hat tip to reader Bockrr

Offer at a glance

• Maximum bonus amount: $250
• Availability: Seems like anybody can join via American Consumer Council (ACC)
• Direct deposit required: Yes, $5,000+ per month for three consecutive months 
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Yes
• Credit card funding: Up to $1,000
• Monthly fees: None
• Early account termination fee: None
• Household limit: None
• Expiration date: None listed

The Offer

Direct link to offer

• Farmers Insurance Federal Credit Union (FIGFCU) is offering a $250 bonus when you open a new checking account and complete the following requirements:
  • Use promo code GHYCHECK
  • $100 Bonus when you open a FIGFCU High Yield Checking account and post 3+ separate ACH Direct Deposits with a cumulative total of $3,000 to $14,999 in the first 90 days of account opening.
  • $250 Bonus when you open a FIGFCU High Yield Checking account and post 3+ separate ACH Direct Deposits with a cumulative total of $15,000 or more in the first 90 days of account opening.

The Fine Print

• 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. There is a $5 monthly inactivity fee

Early Account Termination Fee

There is no EATF according to the fee schedule.

Our Verdict

This is significantly better than the $100 referral bonus we have previously posted about.

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