[CA only] KeyPoint Credit Union $200 Checking Bonus


Update 5/24/22: Deal is now $300. Hat tip to Kwan

Update 5/12/22: $200 bonus only available via referral.

Update 1/6/22: Bonus down to $200 again.

Update 7/15/21: Referral bonus has been increased to $200 (previously $100). Person signing up still gets $300.

Update 1/3/2021: Bonus now $300 instead of $200. Hat tip to reader ShawntheShawn. New link with no referral

There is also a $200 bonus that doesn’t require a referral.

Update 3/11/20: Deal is back, hat tip to reader VK

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: Must live work, worship or attend school in one of the following eligible counties: Contra Costa, El Dorado, Placer, Sacramento, Santa Barbara, Santa Clara, Alameda, San Mateo, Ventura (designated areas only).
  • Direct deposit required: Yes, $1,000+
  • Additional requirements: Use promo code
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown, sensitive
  • Credit card funding: Up To $3,000
  • Monthly fees: None
  • Early account termination fee: None
  • Household limit: None
  • Expiration date: None listed

The Offer

Direct link to offer ($200 referral bonus) | ($300 bonus)

  • KeyPoint Credit Union is offering a bonus of $300 when you open a new checking account and complete the following requirements:
    • Use promo code MB50
    • Set up a recurring monthly direct deposit of $1,000+ per month within 60 days of account opening to get a $200 bonus
    • Make 40 debit card purchases and get a $150 bonus


The Fine Print

  • New Member bonus is paid within 90 days of account opening if (a) you open your KeyPoint checking account with the required minimum balance and (b) you set up recurring monthly direct deposit of net pay or other income ($1,000 per month minimum) to your KeyPoint checking account and the first direct deposit posts within 60 days after account opening.
  • New KeyPoint membership required. Individuals who have been KeyPoint Members within one calendar year prior to account opening are not eligible.
  • Direct deposit must be new to KeyPoint, not moved from an existing KeyPoint account.
  • Offer cannot be combined with other promotions
  • KeyPoint employees, officials and their immediate families may not participate.
  • 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 an early account termination fee in the fee schedule.

Our Verdict

Unfortunately seems like they are incredibly ChexSystems sensitive, that’s a shame as otherwise this would be a bonus definitely worth doing.

Hat tip to David V

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