[UT] Cyprus Credit Union $300 Checking Bonus

Update 2/21/26: Deal is back until 2/28/26. Hat tip to reader Sherlock

Offer at a glance

• Maximum bonus amount:$300
• Availability: UT
• Direct deposit required: Yes, $300+
• Additional requirements: No
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown 
• Monthly fees: None
• Early account termination fee: $10, 90 days
• Household limit: None
• Expiration date: August 31, 2024

The Offer

Direct link to offer

• Cyprus Credit Union is offering a bonus of up to $300 when you open a new checking account and complete the following requirements
  • Use promo code 300DRC2026
  • Receive a direct deposit of $500+ per month within 60 days of account opening and receive an initial $100 bonus
  • Remaining $200 of the bonus offer will be deposited within 30 days of third consecutive calendar month of direct deposit

The Fine Print

• Membership and eligibility requirements apply
• Available on new checking accounts only.
• Not available to business or secondary accounts.
• Limit one new checking offer per account.
• Checking account must be opened between June 14, 2024 and August 31, 2024.
• Direct deposit must total $300 or more per calendar month, begin within 90 days of account opening, and be an electronic deposit of a paycheck, pension, or government benefits from an employer or government entity.
• The initial $100 of the offer will be paid within 30 days of a qualifying direct deposit.
• The remaining $200 of the offer will be paid in increments of $50 per month so long as the monthly direct deposit of $300 or more continues for the four consecutive months following the initial direct deposit.
• Said $50 payouts will be deposited within 30 days of meeting the direct deposit requirements in a given calendar month.
• If a qualifying direct deposit is not received into checking during any given month, the $50 payout for that month and all subsequent months will not be awarded. Federally insured by NCUA.
• Promo code: 3CKMCGO
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

None

Early Account Termination Fee

According to the fee schedule there is a $10 fee if closed within 90 days

Our Verdict

Annoying that you need a direct deposit for so long, but at least it’s a big overall bonus. Share your datapoints in the comments below.

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