Update 8/23/26: You can earn 10% APY on the first $1,000 for 12 months after account opening. Works for new & existing members.
Apparently the referral bonus ended 7/31 as well even though it’s still live, so marking this as expired.
Update 8/12/25: Bonus is still available via referrals. Please do not share them in the comments below, but you can share them in this linked post.
Offer extended to 07/31/25
This was previously called SLFCU
Offer at a glance
- Maximum bonus amount: $225
- Availability: NM, CA, AZ, TX, CO. Must be American Consumer Council member, free to join.
- Direct deposit required: Yes, any ACH credit will work
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Yes
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: None listed
The Offer
- Sunward is offering a $225 bonus when you open a new checking account and complete the following requirements:
- Open a Quick Cash or Money Manager Checking account and complete at least one qualifying debit transaction (point of sale, check, bill pay, ACH debit, ATM transaction) on the checking account within 90 days of account opening.
- Must make an aggregate of $500 or more in qualifying deposits for two consecutive months into a checking or savings account within the first 90 days of account opening.
The Fine Print
- Qualifying Deposits: cash, checks, ACH direct deposits (payroll, pension or government benefits), and P2P transfers.
- Non-Qualifying Deposits: dividends, merchant POS returns, ledger corrections, and internal transfers.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Money manager has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find any mention of any EATF in the fee schedule.
Our Verdict
Feel free to share your referrals in the comments below.
Hat tip to reader Karl
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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