BMI Federal Credit Union Free Checking $200 Bonus

1. 1

   Open the account

   Open a new BMI Federal Credit Union Free Checking account as a new member and enter promo code NEWCHK26 when applying online, or mention it if you apply in person. Deposit $20 to open.

2. 2

   Make 30 debit card purchases

   Make at least 30 Visa debit card transactions of $5 or more each within the first 90 days after opening the account. That is about ten a month.

3. 3

   Sign up for electronic statements

   Sign up for electronic statements within the first 90 days after opening the account.

BMI deposits the $200 into your savings account within 10 business days after you meet all three requirements, so expect it about three and a half months after opening.

Account Details

Eligibility

Tips & Gotchas

• →No direct deposit is required. This is one of the few offers on the site that pays a full $200 without asking you to move your paycheck.
• →Enter promo code NEWCHK26 at account opening. Without the code the bonus does not apply.
• →Every one of the 30 debit purchases has to be at least $5. Small purchases under $5 do not count toward the total, so watch the coffee runs.
• →Plan to keep the account open for a year. Closing it inside 12 months means BMI debits the $200 back out at closing.
• →You are not eligible if you have closed a BMI account in the past 60 months. That is a five year lockout, longer than most.
• →The bonus lands in your BMI savings account, not the checking account.

Can You Earn This Bonus Again?

Fine Print

Enter promo code NEWCHK26 when applying online or mention it when applying in person. The $200 cash bonus is deposited into the member's savings account within 10 business days after all qualifications have been met. The following requirements must be met in the first 90 days after the account is opened: (1) open and deposit $20.00 into a new checking account; (2) make a minimum of 30 Visa debit card transactions of at least $5 each in the first 90 days; (3) sign up for electronic statements. The cash bonus may be considered income and reported on 1099-MISC or 1099-INT. The offer is not valid on business accounts and is not available to existing members, those with fiduciary accounts, those who have closed an account within 60 months, or those with a negative balance. The checking account must remain open for a minimum of 12 months or the bonus will be debited from the account at closing. The offer cannot be combined with other checking offers or add-on bonus offers. Membership eligibility and account requirements apply. BMI FCU is open to everyone who lives, works, worships, or attends school in Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware, or Morrow County. Federally insured by NCUA. BMI FCU may amend, suspend, or discontinue this offer at any time without notice. Offer ends September 30, 2026.

Taxable income · Reported on 1099-MISC

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