[FL Only] Connect Credit Union $400 Checking Bonus

Offer at a glance

• Maximum bonus amount: $400
• Availability:
  • You are a current employee of the State of Florida.
  • You are a retiree of the Florida Department of Transportation.
  • You work for a company that has a current contract with the Florida Department of Transportation.
  • You are an immediate family member of a current Connect Credit Union member.
  • You live or work in an eligible Florida county.
  • Counties: Brevard, Broward, Charlotte, Citrus, Collier, DeSoto, Duval, Flagler, Glades, Hardee, Hernando, Hillsborough, Indian River, Lake, Lee, Manatee, Martin, Miami-Dade, Monroe, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Sarasota, Seminole, St. Johns, St. Lucie and Volusia counties.
• Direct deposit required: Yes, $250+
• Additional requirements: None
• Hard/soft pull: Hard pull
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: $2.75, avoidable but diffcult
• Early account termination fee:
• Household limit:
• Expiration date: 12/15/26

The Offer

Direct link to offer

• Connect Credit Union is offering a $400 bonus when you open a new connect checking account and complete the following requirements:
  • Receive a total of at least $250 in qualifying direct deposits within 60 days

The Fine Print

• Bonus will be deposited within 60 days after all requirements are met. Membership eligibility, account-opening requirements and additional terms apply.
• A qualifying direct deposit must be an electronic deposit made to your new Checking Account by an employer or its payroll provider for payroll, or by a retirement fund or benefits provider for retirement benefits. Transfers between accounts, person-to-person payments, cash deposits, check deposits and deposits from other sources do not count toward the promotional direct deposit requirement.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Connect checking has a $2.75, requires a minimum combined deposit/loan balance of $10,000 to waived. Waived for the first 90 days.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if any EATF is charged. 

Our Verdict

Looks like a good bonus, don’t think it’s worth trying to waive the monthly fee as it’s only $2.75 and requires a $10,000 balance. If you decide to go for it then please share your experiences in the comments below. 

Hat tip to reader Bockrr

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