MIDFLORIDA Credit Union
MIDFLORIDA Credit Union Free Checking $200 – $400 Bonus
MIDFLORIDA Credit Union pays you up to $400 when you open a Free Checking account in Florida. Earn $400 for $4,000 in direct deposits and 40 debit card purchases, or $200 for $2,000 in direct deposits and 20 debit card purchases. All within 75 days, plus enrolling in online banking, eStatements, and a debit card. No monthly fee. MIDFLORIDA makes a soft credit inquiry when you open the account, which does not affect your credit score.
- Bonus range
- $200 – $400
- Time to complete
- ~75 days
- Bonus deposited in
- ~90 days
- Difficulty
- Medium
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Requirements
Last verified: Aug 22, 2026
$200 Tier
Open an account
Open a new MIDFLORIDA Free Checking account (Florida residents).
Receive $2,000 in direct deposits
Receive direct deposits totaling $2,000 or more (cumulative) that post within 75 days of account opening. Must be ACH credits of payroll, pension, or government benefits. Tax refunds, cash app transfers, and transfers from another MIDFLORIDA account do not qualify.
Make 20 debit card purchases
Complete 20 debit card purchase transactions that post within 75 days of account opening. ATM transactions do not qualify.
Enroll in online banking, eStatements, and a debit card
Accept and open online banking, eStatements, and a debit card to qualify.
$400 Tier
Open an account
Open a new MIDFLORIDA Free Checking account (Florida residents).
Receive $4,000 in direct deposits
Receive direct deposits totaling $4,000 or more (cumulative) that post within 75 days of account opening. Must be ACH credits of payroll, pension, or government benefits. Tax refunds, cash app transfers, and transfers from another MIDFLORIDA account do not qualify.
Make 40 debit card purchases
Complete 40 debit card purchase transactions that post within 75 days of account opening. ATM transactions do not qualify.
Enroll in online banking, eStatements, and a debit card
Accept and open online banking, eStatements, and a debit card to qualify.
Bonus is paid within 90 days of account opening once all qualifications are met.
Account Details
Keep the account open and in good standing until the bonus is paid.
Eligibility
New MIDFLORIDA checking customers only.
- Must be eligible for MIDFLORIDA Credit Union membership (Florida residency).
Tips & Gotchas
- →Florida residency / MIDFLORIDA membership eligibility is required.
- →Limit one incentive per member, so pick the tier you can realistically hit. The $400 tier needs $4,000 in deposits and 40 debit purchases.
- →All deposits and debit purchases must post within 75 days of opening.
Direct Deposit Data Points 18
18 community reports across 10 transfer sources, showing what triggers a qualifying direct deposit at MIDFLORIDA Credit Union.
View all MIDFLORIDA Credit Union direct deposit data points →
Can You Earn This Bonus Again?
Fine Print
Offer valid as of July 1, 2026, and may be canceled at any time. Limit one incentive per member. Freedom Banking, fiduciary, minor, and secondary checking accounts excluded. Bonus paid within 90 days of account opening once requirements are met.
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.
Do Bank Bonuses Show Up on a 1099-INT?
Yes. Bank bonuses are taxable income. Once you earn $10 or more from a single bank in a calendar year, the bank sends a 1099-INT and you report it as ordinary income on your tax return.
Also see: this month's best bank bonuses and community DD data points.
We may earn a commission if you open an account through the link above. This doesn't affect our recommendations. See how we make money