[MN, WI] Wings Financial Credit Union $300 Checking Bonus

Update 7/5/21: Deal is back and good through 07/31/21. Hat tip to Brandon B.

Brandon B

Offer at a glance

• Maximum bonus amount: $300
• Availability: Must live or work in an eligible eligible Minnesota or Wisconsin county
• Direct deposit required: Yes, $300+
• Additional requirements: eStatements & use promo code
• Hard/soft pull: Hard pull
• ChexSystems: Yes
• Credit card funding: Can fund up to $500 per account
• Monthly fees: None
• Early account termination fee: None listed
• Household limit: None
• Expiration date: December 31st, 2019 July 31st, 2020 December 31, 2020

The Offer

Direct link to offer

• Wings Financial is offering a $300 bonus when you open a new checking account and complete the following requirements:
  • Use promo code 300CHECKING
  • Must have a recurring direct deposit of at least $300 within 60 days of account opening
  • Five net (5) debit card transactions of $5+
  • Enroll in eStatements

The Fine Print

• To qualify for the bonus, checking account must be opened in-branch or online using promo code between 10/21-12/31/19.
• Membership must be established by opening a Share Savings account with a $5 minimum opening deposit.
• Must have direct deposit of at least $300 and enroll in eDocuments within 45 days of account opening.
• If requirements are met, bonus will be paid no later than 2/17/20 in the form of a deposit to the Wings checking account; account must be in good standing to receive deposit.
• Valid for new members only.
• Not available for business checking.
• One offer per person.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

First class checking account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find an early account termination in the fee schedule

Our Verdict

Probably not worth doing for most people due to the hard pull. Because of that I won’t be adding this to our list of the best checking bonus.

Hat tip to reader John

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

Post history:

• Update 10/17/20: Deal is back and valid until December 31, 2020.
• Update 7/11/20: Deal is back and valid until July 31st, 2020.

Source link