Update 9/27/26: There is a new $500 bonus, but only available to residents of Kenton, Boone, and Campbell. Hat tip to reader Kyle
Offer at a glance
- Maximum bonus amount: $200
- Availability: KY
- Direct deposit required: 3 totaling $3,000+
- Additional requirements: Use promo code
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Up to $5,000
- Monthly fees:
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: 12/31/24
The Offer
- University of Kentucky Federal Credit Union is offering a $200 bonus when you open a new checking account and complete the following requirements:
- Receive three Direct Deposits totaling $3,000 or more within 95 days
- Use promo code 200Better
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
ukfcu checking account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find any EATF in the fee schedule.
Our Verdict
Seems to be a small service area, unfortunately applying through ACCC doesn’t help with out of state applications.
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
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