[Expired] [NY] Suffolk Federal Credit Union $500 Checking Bonus

Update 5/31/26: Bonus now up to $500 but requires a direct deposit (previously $300 and no direct deposit). Hat tip to reader snailrock

Update 11/2/25: Bonus now $300. Hat tip to reader Jeremy S

Offer at a glance

• Maximum bonus amount: $300
• Availability: Must lives, works, worships, attends school or regularly conducts business in Suffolk or Nassau County, NY
• Direct deposit required: No
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Up to $1,000, no American Express
• Monthly fees: None
• Early account termination fee: Six months, bonus forfeit
• Household limit: None
• Expiration date: None listed

The Offer

Direct link to offer

• Suffolk Federal Credit Union is offering a $500 checking bonus when you open a open new momentum checking account.
  • get $250 when you make qualifying direct deposits totaling $2,500 or more within your first 90 days
  • another $250 when you make additional qualifying direct deposits totaling $2,500 or more between days 91–180

The Fine Print

• Offer for new Suffolk Federal Credit Union members only, existing members are not eligible.
• To be eligible for the $100 bonus, Sharks Account must be opened and maintained with a minimum balance of $5 and remain open for six months.
• If the checking account is closed by the member or Suffolk Federal Credit Union within six months, the bonus amount will be deducted at closing.
• You must use your Sharks Debit card for 10 point of sale (POS) signature-based purchases within the first 60 days of account opening to receive bonus.
• Bonus will be credited to your account within 60-90 days of account opening.
• Membership in Suffolk Federal requires a Share Savings account with a $5 minimum balance.
• Membership is open to anyone who lives, works, worships, attends school or regularly conducts business in Suffolk or Nassau County, NY, as well as immediate family members of current membership.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

Account needs to be kept open for six months otherwise the bonus is forfeit

Our Verdict

In the past there was a targeted $200 bonus. Assuming this is a soft pull and you live in the area this should be worth doing as the requirements are easy to meet.

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• 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?
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