Municipal Credit Union – NYC $350 Bonus

Update 4/11/26: Deal is back, but now requires a direct deposit. 

• Deposit $1,000-1,999.99 get $150
• Deposit $2,000-2,999.99 get $250
• Deposit $3,000+ get $350

Terms also now state ‘Advertised bonus cannot be combined with any other offer’ so probably no longer stackable with a referral. Please do not share your referrals in the comments below.

Extended until 12/31/25

Update 10/19/25: Deal is back through 10/31/25. Bonus now $350 and direct deposit not required

Extended through 3/31/2025

Extended through 12/31

Update 8/24/24: Bonus is now $200. Hat tip to DN_03755

Offer at a glance

• Maximum bonus amount: $200
• Availability:
  • Individuals who live, work, worship, or attend school in New York City (NYC)
  • Individuals who work for New York State (NYS) or Federal Employers
• Direct deposit required: Yes, $200+
• Additional requirements: None
• Hard/soft pull: Soft pull
• ChexSystems: Yes
• Credit card funding: Up to $1,000
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: December 31, 2025

The Offer

Direct link to offer

• MCU is offering a $350 bonus when you open a new free checking account and complete the following requirements (deposit is a direct deposit):
  • Deposit $1,000-1,999.99 get $150
  • Deposit $2,000-2,999.99 get $250
  • Deposit $3,000+ get $350

The Fine Print

• You must open a Checking Account with MCU between 5/1/24 and 6/30/24 connected to direct deposit or payroll deduction to get $100.
• Limit one account-opening bonus per qualifying account.
• If requirements have been met, the $100 will be deposited into your account 8/9/2024.
• Offer not available to individuals who were a primary account owner of an MCU checking account in the last 12 months.
• Account must not be closed or restricted during the time of promotional period.
• Offer is subject to cancellation without notice. Account opening is subject to approval.
• 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

I wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

Need to know if it’s a hard or soft pull.

Hat tip to Bockrr

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