INOVA Federal Credit Union
INOVA Federal Credit Union Simply Free Checking $250 Bonus
INOVA Federal Credit Union pays you $250 for a new checking account with a $200+ direct deposit and 8 debit card purchases within 60 days. No monthly fee, $10 minimum deposit. Membership is gated by Indiana residency, employer, or family connection.
- Bonus amount
- $250
- Expires
- Nov 30, 2026
- Time to complete
- ~60 days
- Bonus deposited in
- ~74 days
- Difficulty
- Easy
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Requirements
Last verified: Aug 21, 2026
Open an account
Open a new INOVA checking account with a minimum deposit of $10.
Receive a direct deposit
Receive at least one direct deposit of $200 or more within the first 60 days of account opening.
8 debit card purchases
Make at least 8 debit card transactions within the same 60-day period.
INOVA deposits the $250 bonus into your new checking account within 14 days after you meet both requirements.
Account Details
Keep the account open through the 60-day qualifying window.
Eligibility
Open to new and existing INOVA members, but not accounts closed within the previous 90 days or closed with a negative balance. Members are limited to no more than two checking account bonus payments over the lifetime of their membership.
- Membership requires living, working, worshipping, or attending school in INOVA's Indiana field of membership (the bank's own site gates eligibility by address), or an immediate family/household or employer connection to an existing member.
- Limit one offer per household.
Tips & Gotchas
- →Both the direct deposit and the 8 debit card purchases have to land inside the same 60-day window.
- →Membership eligibility is gated by INOVA's own address-lookup tool, a family/household connection, or an employer group. Check before applying.
- →Limit one offer per household, and members are capped at two checking bonuses over the lifetime of their membership.
- →Minimum opening deposit is just $10 and Simply Free Checking has no monthly fee.
Community Data Points
We don't have direct deposit reports for this account yet. What we do have: 1 community report on funding this account with a credit card.
See INOVA Federal Credit Union Checking card funding reports →Can You Earn This Bonus Again?
Fine Print
To qualify for the $250 cash bonus, you must be a new checking account holder with INOVA, receive at least one direct deposit of at least $200 in your new checking account, and have at least 8 debit card transactions within the first 60 days of account opening. Cash bonus deposited within 14 days of meeting requirements. Limit one offer per household. Members are limited to no more than two checking account bonus payments over the lifetime of their membership. Offer expires November 30, 2026.
Taxable income · Reported on 1099-INT
Related Articles
What is a direct deposit?
An electronic payment sent directly into your bank account, usually from an employer or government.
Does Zelle Count as Direct Deposit for Bank Bonuses?
Usually no. At most banks a Zelle payment arrives coded as peer-to-peer and will not trigger the bonus. Citi is the clear exception. Its Enhanced Direct Deposit terms name Zelle as a qualifying deposit, and every Zelle report we have from Citi got paid.
What is a hold period?
The minimum time you must keep your balance in an account before the bonus is paid out.
Also see: this month's best bank bonuses and community DD data points.
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