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Navy Federal Credit Union
Navy Federal Credit Union Free EveryDay Checking $250 Bonus
Navy Federal pays new members $250 for joining with promo code AM250CHK by July 31, 2026, opening a checking account, and receiving $500 or more per month in qualifying deposits for at least 3 of 4 consecutive months. Membership is limited to the military community and their immediate family. No monthly fee on Free EveryDay Checking.
- Bonus amount
- $250
- Expires
- Jul 31, 2026
- Time to complete
- ~120 days
- Bonus deposited in
- ~120 days
- Difficulty
- Medium
Requirements
Last verified: Jul 6, 2026
Join and open checking
Join Navy Federal with promo code AM250CHK between July 1 and July 31, 2026, and open a checking account as the primary owner by July 31, 2026. A Membership Share Savings account with $5 is required.
Deposit $500 monthly
Receive qualifying deposits totaling at least $500 per month, recurring for at least 3 out of 4 consecutive months, completed by November 30, 2026. Employer or government ACH, monthly non-payroll ACH, payroll allotment, and even mobile, ATM, or branch deposits can qualify.
Bonus is deposited to the Membership Share Savings account by February 26, 2027. Navy Federal can take up to 120 days to confirm the direct deposit.
Tips & Gotchas
- →Membership is limited to the military community: veterans, active duty, Reservists, National Guard, Coast Guard, DoD civilians and contractors, and their immediate family. Check eligibility before applying.
- →The deposit requirement is flexible. A recurring non-payroll ACH of $500 per month for 3 of 4 consecutive months qualifies, and so do mobile, ATM, or branch deposits totaling $500 a month.
- →The bonus pays into your Membership Share Savings account, not the checking account, by February 26, 2027.
- →Do not open by phone. Phone-opened accounts are excluded from the bonus.
- →Reports are mixed on whether joining triggers a hard or soft credit pull.
Account Details
Keep the checking account open with a positive balance until the bonus is credited. Navy Federal can take up to 120 days to confirm the direct deposit, and pays the bonus by February 26, 2027.
Eligibility
New members only. You must join Navy Federal with promo code AM250CHK and be the primary owner of the new checking account.
- Membership is limited to Veterans, active duty and retired servicemembers of any branch, Reservists, National Guard, Coast Guard, DoD civilian employees and contractors, and their immediate family members.
- A Membership Share Savings account with a $5 minimum balance is required to join and to receive the bonus.
- Accounts opened by phone through Member Services are not eligible.
Can You Earn This Bonus Again?
Fine Print
Join Navy Federal online or in-branch using promo code AM250CHK between 7/1/2026 and 7/31/2026, open a checking account as primary owner by 7/31/2026, and complete qualifying direct deposit transactions by 11/30/2026: deposits totaling at least $500 per month, recurring for at least 3 out of 4 consecutive months, via employer/military/government ACH, mobile/ATM/branch deposits or debit card payments, or non-payroll ACH or payroll allotment. A $5 Membership Share Savings account is required. Accounts opened by phone are not eligible. Limit one checking direct deposit bonus per member. Bonus deposited to the Membership Share Savings account by 2/26/2027.
Taxable income · Reported on 1099-INT
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The minimum time you must keep your balance in an account before the bonus is paid out.
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