[MI, In Branch only] Consumers Credit Union $200 Business Checking Bonus

This is different to the other consumers credit union with the high yield account.

Offer at a glance

• Maximum bonus amount:
• Availability: Must open in branch, all branches are in MI [Branch locator]
• Direct deposit required: No, but must receive $1,500+ in monthly ACH deposits
• Additional requirements: Enroll in eStatements and complete statement analysis
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None listed
• Early account termination fee: Six months
• Household limit: None
• Expiration date: None listed

The Offer

Direct link to offer

• Consumers Credit Union is offering a bonus of $200 when you open a new business checking account and complete the following requirements:
  • Receive $1,500 or more monthly via ACH
  • Enroll in eStatements

The Fine Print

• Offers only valid for business accounts using comparable services offered by Consumers Credit Union.
• Businesses showing no cost savings will be paid $200 upon completion of statement analysis.
• To qualify for $200, businesses showing a cost savings will need to establish a new business checking account with Consumers Credit Union.
• $200 will be credited to the Consumers account after $1,500 or more monthly ACH is received in the new checking account. New accounts must stay open and active for six months and receive eStatements.
• Businesses who show a savings but do not switch to Consumers will not receive $200.
• Federally insured by NCUA.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Business checking has no monthly fees to worry about

Early Account Termination Fee

Account needs to be kept open for six months

Our Verdict

If they complete the cost analysis and no savings is shown you don’t even need to open the account to get the $200. We need to know if it’s a hard or soft pull to open. If anybody goes for this bonus then please share your experiences below.

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• PSA: Don’t Call The Bank
• Introduction To ChexSystems
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• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
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• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
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