Update 9/24/26: Burbank bonus etc has ended, but $250 bonus still live. There is also a new link (old link still works as well). New link is for cash back checking account, old link (now expired) is for high yield checking account. Hat tip to reader Bockrr
Offer at a glance
- Maximum bonus amount: $250
- Availability: Seems like anybody can join via American Consumer Council (ACC)
- Direct deposit required: Yes, $5,000+ per month for three consecutive months
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Yes
- Credit card funding: Up to $1,000
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: None listed
The Offer
- Farmers Insurance Federal Credit Union (FIGFCU) is offering a $250 bonus when you open a new checking account and complete the following requirements:
- Use promo code GHYCHECK
- $100 Bonus when you open a FIGFCU High Yield Checking account and post 3+ separate ACH Direct Deposits with a cumulative total of $3,000 to $14,999 in the first 90 days of account opening.
- $250 Bonus when you open a FIGFCU High Yield Checking account and post 3+ separate ACH Direct Deposits with a cumulative total of $15,000 or more in the first 90 days of account opening.
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
This account has no monthly fees to worry about. There is a $5 monthly inactivity fee
Early Account Termination Fee
There is no EATF according to the fee schedule.
Our Verdict
This is significantly better than the $100 referral bonus we have previously posted about.
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
yes
Oh forget that then, I’ll keep doin’ what I’m doin’. Thanks for the info!
If you initiate a pull at Fidelity then you might end up with a 21 days hold in Fidelity. The exact number of days depends on your current balance, and may be some other factors. During the hold, you can use the on-hold money for trading but you cannot move them out of Fidelity. Laborious Tug
TopDogg 🔗 👈 did amex go through. Need to burn for amex plat SUB
quisp , let us know your experience if you apply for this card. I look at it as a no-AF card for two years with no SUB since the $100 bonus offsets the second year’s AF. This deal has been around for at least 3 years, so if it sticks around, my wife can apply after the two years. I’m an expat so virtually all my spend is foreign. I’m currently using the BoA Premium Rewards with Platinum status, so I’m getting 2.625%, but that will be nerfed for me in April. I considered the PNC card with no AF. Similar to the BoA card, it would pay 2.5% with $100k in assets, but PNC doesn’t play nicely with Google Voice. So unless something better comes along, I’ll apply for this around March.
Not really, just push/pull money over and over.
Fee schedule was confusing with other info on the site so looks like the savings charges a fee after 6 months unless you have $250 in it OR another active account, so as long as you have the checking open, there shouldnt be any fee.
LOL, I came here to say the same 🤣
No hold tho?
Working on the $250 bonus for P2 right now, about halfway to $15,000 in (fake) DD’s. Using Fidelity CMA as that worked for P1 on the previous $400 bonus.
Yeah for $250? That seems excessive.
Looked great until I saw the $99 annual fee. That kills it
This credit union also has an exceptional credit card if you do international spend. 3% cash back on the first year and 2.5% after, no FX fee. It has a $100 bonus and 0% APR for 6 months as well. https://figfcu.org/crystal-visa
15K$ IN DD GEEZ.
Post history: Update 5/8/26: This is no longer available : There is a new bonus for $400 to celebrate the Burbank branch opening . Requires the following: Promo code BUR-HY26 eStatements enrollment 15+ debit transactions (total) Three or more qualifying direct deposits totaling: $3,000 – $4,999 = $250 bonus or $5,000+ = $400 bonus I haven’t updated the post fully below as I’m not sure if the new $400 bonus will work for everybody or if they will try to enforce some sort of area near Burbank? Hat tip to reader Anthony Paganini Update 1/19/26: Terms now change to required $15,000 in direct deposits rather than $5,000 per month for 3/4 months. Now requires four direct deposits.
https://figfcu.org/cashback-checking-google Promo code is now GCBCHECK Hmmm or is it? Existing link also still seems to work yet post says expired?
05/11 Account under review 06/12 Received notification of account opening; sent a message to confirm bonus eligibility and received confirmation 07/06 $1,500 deposit from Current 07/13 $1,501 deposit from Current 07/15 $2,000 deposit from Current (Made >15 debit card transactions spread out over this period) 09/21 Bonus still not received
DP P1 05/11 Account Opened 06/01,06/03,06/07 Fidelity deposits totaling 5k+ 06/01-06/30 15x random debits including amazon and vending machines 08/21 $400 posted as ‘Promo Code Burbank Bonus’ DP P2 05/11 Account Opened 07/01, 07/10, 07/14, 07/20 WISE deposits totaling 5k+ 07/01-07/30 15x random debits including amazon and vending machines 08/21 $400 posted as ‘Promo Code Burbank Bonus’
Has anyone else still not gotten paid out for the Burbank bonus?
You have to call to close AND they make you do a Docusign in which you have to take a picture of your ID again to verify yourself. What a pain in the ass.
Glad to hear it! Same here on 08/21.
Mine posted
Got 400 Burbank one Used Fidelity CMA deposit and venmo debits (just sent dollar and change to friend)
It did trigger and I was paid out
05/12/2026 – Funded $500 via fidelity credit card 05/18/2026 – Fidelity $5001 push 05/20/2026 – Fidelity $5001 push 05/27/2026 – Fidelity $5001 push (>15 debit charge spread about) 8/24/2026 – $400 bonus posted backdated to 8/21/2026
3 deposits of about $1700 each. Still no dice for me as of now…
How many deposits did you do? I did three with Fidelity CMA and mine finally posted on 8/21.
$5.1k from Fidelity (CMA) then a bunch of PayPal and Cashapp debit card transactions
William Charles the Burbank offer is expired as well, ended 6/5.
5/11 Account Opened 5/22 , 6/05, 6/19 Payroll Deposits totaling $5000+ 5/26-5/28 15x Apple Wallet reloads 8/21 $400 posted as ‘Promo Code Burbank Bonus’