[Salt Lake County, Utah] University Federal Credit Union $300 Checking Bonus

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Update 7/17/21: Deal is back and available in more counties.

Update 3/9/19: Reposting as it’s confirmed as a soft pull

Offer at a glance

  • Maximum bonus amount: $300 + $100 for auto loan
  • Availability: Must work, live, go to school, worship or volunteer in Salt Lake County, Utah County, Davis County, Tooele County, Summit County and Wasatch County
  • Direct deposit required: Yes, $200 minimum specified
  • Additional requirements: 15 debit card transactions per month for 3 months
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: None listed
  • Expiration date: July 31, 2021

The Offer

Direct link to offer

  • University Federal Credit Union is offering a bonus of up to $300 when you become a member and open a checking account and complete the following requirements:
    • Receive $50 per month for 3 months when you set up a qualifying direct deposit (minimum of $200)
    • Receive $50 per month for 3 months when you complete 15 debit or credit card transactions per month (Minimum of $2 per transaction)
  • You can also get an additional $100 for closing on an auto loan

The Fine Print

  • This must be a new account for the Primary SSN.
  • They cannot have any other new accounts in the last 12 months.
  • New members are to receive $150 for setting up their employer Direct Deposit; $50 per month for 3 months. 30 days after open date, they will receive the first $50.
  • This will follow for month 2 & 3.
  • $150 for 15 debit or credit card transactions per month. $50 per month for 3 months. 30 days after open date, they will receive the first $50. This will follow for month 2 & 3.
  • $100 for an auto loan refinance. $100 for Auto refinance will be deposited at funding. Minimum $10,000 loan amount.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

eChecking account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee.

Our Verdict

Seems like it’s a relatively good bonus if it turns out to be a soft pull, shame about the small area. If anybody has any personal experience then please share it in the comments.

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