[Expired] [IL only] Andigo Credit Union $400 Bonus ($250 Checking + $100 CD + $50 For Doing Both)

Deal has expired, view more bank account bonuses by clicking here

Update 2/3/19: Deal is back and valid until 3/31/19. Hat tip to payyoutuesday

Update: Looks like they are extremely ChexSystems sensitive now.

Offer at a glance

• Maximum bonus amount: $400
• Availability:  IL (might be possible for anybody to join by donating $15, you might also already be a member of a qualifying organization).  Must also be a resident of Illinois
• Direct deposit required: $500+ for three months
• Additional requirements: Use promo code BONUS
• Hard/soft pull: Soft pull
• ChexSystems: Yes, sensitive
• Credit card funding: Can fund up to $3,000 with a credit card (Visa, Mastercard & Discover all accepted)
• Monthly fees: None
• Early account termination fee: None
• Household limit: None listed
• Expiration date: October 31st, 2018 December 31st, 2018 March 31st, 2019

The Offer

Direct link to offer

• Andigo Bank is offering a bonus of up to $400 you need to use promo code REWARD , bonus is broken down as follows:
  • Get $250 when you open a new Cash Back or High-Yield checking account and set up a recurring direct deposit of at least $500 within 60 days of account opening (recurring direct deposit is required for three months)
  • Get $100 when you open any 1 year or greater certificate with $10,000 or more in combined balances.
  • Get $400 when you do both.
• The you also get 3% cash back on debit purchases (up to $8 per month) on the cash back checking account or 3% APY on balances up to $10,000 on the high yield checking account when the following requirements are met:
  • $500 or more in total direct deposit per month
  • At least 15 Andigo Visa debit card purchases per month (signature or PIN-based)

The Fine Print

• Offer available to new members and members without a checking relationship with Andigo as of 9/1/2018 only.
• New members must enter promo code REWARD on application and be approved for membership.
• Bonus payouts may be taxable.
• You may receive only one new checking and one new savings account opening bonus with the maximum bonuses totally $400.
• Membership at our credit union is a privilege granted by our members under state law.
• To receive the $250 checking bonus: Member must open a new Cash Back or High-Yield Checking account, subject to approval.
• Direct deposit must be setup within 60 days of joining and/or opening new checking account.
• Qualifying direct deposits are regularly recurring electronic deposits from your employer or other government agency (e.g. Social Security).
• Person-to-person and bank transfers between your Andigo accounts or accounts you have at other financial institutions or brokerages do not qualify.
• The $250 checking bonus payout will be deposited into your Andigo checking account within 30 days after the third consecutive month of $500 or more in total direct deposit.
• All checking accounts must be opened by 10/31/2018 to qualify for bonus payout.
• To receive the $100 certificate bonus: Member must open a new certificate of 1 year or greater with at least $10,000 in new money.
• Member may open one or several certificates of $1,000 or more to meet this $10,000 new money qualification.
• The $100 savings bonus payout will be deposited to your Andigo savings account within 30 days of completed deposit(s).
• All qualifying deposits must be completed by 10/31/2018 to qualify for bonus payout.
• To receive the $50 deposit bonus: Member must complete actions required for both the $250 checking bonus and the $100 certificate bonus in the given timeframes.
• Once all requirements have been satisfied, the $50 deposit bonus will be deposited in your Andigo checking account within 30 days.

Avoiding Fees

Monthly Fees

Early Account Termination Fee

Our Verdict

CD rates can be found here. 12 month CD is 1.75%. Previously the best bonus has been $250 checking with the same requirements, this is basically the same but with the added CD bonus. If you can tie up $10,000 in funds for 12 months then the CD bonus is worth considering, you basically get an extra $150 ($100 bonus + $50 for completing both bonuses) plus you’ll earn 2% APY. 2% is lower than the basic savings account rates currently but with the extra bonus it does make up for it. I will be adding this to the best checking & savings bonuses.

Big thanks to reader, Ryan H who let us know. Learn how to find bonuses and contribute to the site here.

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