[Expired] [IA] Greater Iowa Credit Union $400 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here. 

Update 5/10/26: Deal is back, this time for $400 (was $300). Hat tip to Pepelats

Update 8/23/25: Deal is back, but requires direct deposit before. Hat tip to reader bockrr

Offer at a glance

• Maximum bonus amount: $300
• Availability: Persons who live, work, worship, or attend school within the 33 county field of membership are eligible to join Greater Iowa Credit Union:  Story, Polk, Dallas, Warren, and Crawford. Contiguous Counties: Wright, Franklin, Butler, Woodbury, Ida, Sac, Calhoun, Webster, Hamilton, Hardin, Grundy, Monona, Carroll, Greene, Boone, Marshall, Tama, Harrison, Shelby, Audubon, Guthrie, Jasper, Poweshiek, Adair, Madison, Marion, Clarke, and Lucas
• Direct deposit required: Yes, $100+
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: None
• Monthly fees: None
• Early account termination fee: $25, two months
• Household limit: None
• Expiration date: December 31, 2024

The Offer

Direct link to offer

• Greater Iowa Credit Union is offering a $400 bonus when you open a new checking account and meet the requirements for the higher APY during the 60 day period:
  • Enroll in eStatements.
  • Have one direct deposit of at least $100
  • Make at least 20 debit card purchases totaling at least $100 that post and settle during the 60-day period

The Fine Print

• Bonus available for new Greater Checking accounts opened by December 31, 2024 that are open for at least 60 days and meet requirements for the higher APY during the 60-day period. Additional terms may apply, see the Greater Checking Bonus Disclosure for details.
• 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 dormant account fee of $10 per month after 6 months of no activity

Early Account Termination Fee

There is an early account termination fee of $25 if closed within the first two months.

Our Verdict

Much better than the previous $100 bonus that was offered. Rare to see a bonus this big without a direct deposit being required. We will add this to our list of the best bank account bonuses.

Hat tip to ShawntheShawn

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?
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