Checking & Savings

Tips to Unlocking Your Checking Account Bonus

Unlock the secrets to securing your checking account bonus with our expert guide. Discover five simple yet crucial steps that can make the difference between missing out and cashing in on your bank's promotional offers. From navigating terms and conditions to setting smart reminders, we've got you covered. 

This blog is for informational purposes only and not an offer of any specific account or service. For current details on our checking accounts, including terms and fees, please visit midflorida.com or speak with a representative. Account features and conditions may change. Membership eligibility required.

It’s no secret that credit unions and banks like to offer promotions to get you to open a checking account. One of the most successful types is offering a checking account bonus. In other words, they’ll give you money if you open an account. While these bonuses can be very attractive, they come with conditions. Sometimes  people don't receive their bonus because they failed to meet the required conditions.If you want to be certain of getting your checking account bonus with MIDFLORIDA, follow these tips.

Open an Account With MIDFLORIDA Credit Union.

Review the terms and conditions of the checking account bonus

Reading all the terms and conditions can help you understand how to succeed in receiving the bonus .

Speak with a banker

The terms and conditions of checking account bonuses are usually pretty straightforward and are disclosed at account opening. If you have any questions about them, don’t hesitate to ask an associate for clarification. Tellers and bankers are also excellent resources if you have a problem with one of the steps, such as setting up your online account

Meet your conditions

Once you understand the terms and conditions, all you have to do is meet the conditions. This might seem obvious, but you’d be surprised how many people don’t get their checking account bonus simply because they forgot to complete one of the necessary items.

At MIDFLORIDA Credit Union, for instance, the $400 new Free Checking account bonus conditions include:  

  • Open a new Free Checking account
  • Set up direct deposit ($4,000 cumulative which must post within 60 days of account opening)Accept and open online banking, eStatement, and a debit card
  • Complete 40 debit card purchase transactions which must post within 60 days of account opening. (ATM transactions do not qualify)

If you don’t meet the conditions for the $400 bonus, don’t worry! You could meet the conditions for the $200 bonus which include:

  • Open a new Free Checking Account
  • Set up Direct Deposit ($2,000 cumulative which must post within 60 days of account opening)
  • Accept and open online banking, eStatement, and a debit card
  • Complete 20 debit card purchase transactions which must post within 60 days of account opening (ATM transactions do not qualify) 

If you make a list of the terms and conditions when you review them, you’ll find that meeting your conditions is much easier.

Set a reminder

Believe it or not, many people don’t meet the terms and conditions simply because they forgot about them until it was too late. Don’t let this happen to you. Make a note on your calendar, whether it’s posted on the wall or an app on your phone, about when each condition must be met. You should also remind yourself when your checking account bonus should arrive. If the credit union or bank hasn’t deposited the bonus in your account by the due date, you’ll want to contact your credit union or bank and get an update. If an employee gives you a new deadline, set a new reminder and check again.

Be persistent

Finally, you need to be persistent to get your checking account bonus. In other words, you must stick with the process until the credit union or bank deposits the bonus into your checking account. Many people never get their bonuses simply because they give up when they encounter an obstacle or two. Don’t let this happen to you. Continue taking the steps described above and repeat them until the financial institution deposits the money in your account.

Become a member of MIDFLORIDA and open a new Free Checking account for your bonus

Open your account online, or visit a branch to set up your new Free Checking Account and claim your bonus today!

1. Offer valid as of July 1, 2025, and may be canceled at any time. MIDFLORIDA Credit Union membership and eligibility requirements apply. See associate for details regarding fees and terms. Freedom Checking, fiduciary and minor accounts excluded. Other terms and conditions apply. To qualify for the $400 incentive, you must open a new Free Checking account with direct deposit ($4,000 cumulative which must post within 60 days of account opening); accept and open online banking, eStatement, and a debit card; and complete 40 debit card purchase transactions which must post within 60 days of account opening.  To qualify for the $200 incentive, you must open a new Free Checking account with direct deposit ($2,000 cumulative which must post within 60 days of account opening); accept and open online banking, eStatement, and a debit card; and complete 20 debit card purchase transactions which must post within 60 days of account opening. Direct Deposit must be an automated clearing house (ACH) credit of your paycheck, pension or government benefits from your employer or the government; tax refunds, cash transfer app deposits and transfers from another MIDFLORIDA account do not qualify. No dividends are paid on Free Checking. Annual Percentage Yield is 0.00%. Limit one incentive per Social Security number. Past checking account holders and previous recipients of checking account incentives are ineligible. After all qualifications have been met, the incentive will be deposited to the new Free Checking account within 75 days of account opening and will be reported to the IRS. Minimum to open Free Checking is $50.

Checking Accounts To Fit Your Life

Wherever you are headed in life, MIDFLORIDA has personal checking accounts designed to help you manage your money on your terms. 

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