Summit Credit Union – $200 – WI – Direct Deposit Not required

Update 6/6/26: Deal is back, this time for $200. Doesn’t seem to be restricted to students this time. Hat tip to reader Bockrr

Offer at a glance

• Maximum bonus amount: $100
• Availability: WI only, must be a student
• Direct deposit required: No
• Additional requirements: Use promo code
• Hard/soft pull:  Soft pull to open account, but hard pull to become a member. Up to the CSR discretion if that hard pull is done or not through 2020
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: None
• Household limit: None listed
• Expiration date: October 31, 2020

The Offer

Direct link to offer (scroll down), also mentioned in this FB post

• Summit Credit Union is offering a bonus of $100 when you open a new student checking account with a unique coupon code (you can get a coupon code on the landing page).

The Fine Print

• Offer valid starting March 2, 2026 and is subject to change at any time for new Summit
  Credit Union checking accounts opened in person at any of the following participating branches: Black Business Hub,Brookfield, Cedarburg, Greendale, Hartford, Howard, Kenosha, New Berlin, Oak Creek, Oneida, Plover, Sheboygan,Walker’s Point, Wauwatosa, West Bend, Weston, or online at SummitCreditUnion.com when you receive our promotional
  offer.
•  To qualify for the $200 bonus, you must open a checking account with a debit card and make at least 20 qualifyingdebit card purchases (excluding ATM transactions) within 60 days of account opening.
• All qualifying transactions must
  post to the account within the 60-day period. The $200 bonus will be deposited to your Summit checking account within 90 days of account opening after meeting the requirements. Only one cash bonus per member is allowed, and the offer is valid only on the member’s first Summit checking account.
• New accounts will not be eligible if you or any signer on the
  new account has an existing Summit Credit Union consumer checking account, has closed an account within the past 24 months, or has been paid a Summit Credit Union promotional premium in the past 24 months. Accounts with prior charge-offs or specialty-titled accounts such as Trust or Estate are excluded from this offer.
• Offer may be extended, modified, or discontinued at any time and may vary by market. This offer may not be combined with other offers. The
  value of the bonus reward may be reported on the appropriate Internal Revenue Service (IRS) forms and may be
  considered taxable income to you. Please consult your tax adviser regarding your specific situation
• 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

According to this comment there is no early account termination fee.

Our Verdict

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