Update 1/27/24: Looks like this is available nationwide by joining Financial Fitness Association. KeyPoint pays the membership fee as well
Update 1/15/23: No end date listed.
Update 10/14/22: Extended until December 31, 2022.
Update 5/24/22: Deal is now $300. Hat tip to Kwan
Update 5/12/22: $200 bonus only available via referral.
Update 1/6/22: Bonus down to $200 again.
Update 7/15/21: Referral bonus has been increased to $200 (previously $100). Person signing up still gets $300.
Update 1/3/2021: Bonus now $300 instead of $200. Hat tip to reader ShawntheShawn. New link with no referral
There is also a $200 bonus that doesn’t require a referral.
Update 3/11/20: Deal is back, hat tip to reader VK
Offer at a glance
- Maximum bonus amount:Â $300
- Availability:Â Must live work, worship or attend school in one of the following eligible counties: Contra Costa, El Dorado, Placer, Sacramento, Santa Barbara, Santa Clara, Alameda, San Mateo, Ventura (designated areas only).
- Direct deposit required:Â Yes, $1,000+
- Additional requirements:Â Use promo code
- Hard/soft pull: Soft pull
- ChexSystems: Unknown, sensitive
- Credit card funding:
Up To $2,500$12,500$500 - Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None
- Expiration date:Â None listed
Contents
The Offer
Direct link to offer ($200 + $100 referral bonus) | ($300 bonus)
- KeyPoint Credit Union is offering a bonus of $300 when you open a new checking account and complete the following requirements:
- Use promo code NM2023
- Set up a recurring monthly direct deposit of $1,000+ per month within 60 days of account opening to get a $200 bonus
- Make 40 debit card purchases and get a $100 bonus
The Fine Print
- New Member bonus is paid within 90 days of account opening if (a) you open your KeyPoint checking account with the required minimum balance and (b) you set up recurring monthly direct deposit of net pay or other income ($1,000 per month minimum) to your KeyPoint checking account and the first direct deposit posts within 60 days after account opening.
- New KeyPoint membership required. Individuals who have been KeyPoint Members within one calendar year prior to account opening are not eligible.
- Direct deposit must be new to KeyPoint, not moved from an existing KeyPoint account.
- Offer cannot be combined with other promotions
- KeyPoint employees, officials and their immediate families may not participate.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find an early account termination fee in the fee schedule.
Our Verdict
Unfortunately seems like they are incredibly ChexSystems sensitive, that’s a shame as otherwise this would be a bonus definitely worth doing.
Hat tip to David V
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Oh wow, just noticed that they offer discounts to amusement parks etc. after signing up with ticketsatwork for free (under services tab). Just checked Universal Hollywood express tickets for the day I want and it’s 10% less
Usually those discounts are similar to what you find if you shop around. Churner Sometimes the local library, AAA sell tickets too. Military usually have the best deals, but of course, you need a military family member to get them. (which has saved me a ton)
You can also check funex.com, CityPass/GoCity, Trip.com, Undiscovered Tourist, even Groupon, etc.
I think Govx & ID.Me have discounts for first responders and nurses, etc, but might be same/worse than some of the public sites.
awesome! I’ve checked undiscovered tourist and trip.com but Thanks for the other websites.
Treasury Direct C of I works to trigger but my real military pay didn’t so just ate it for the month didnt get paid to avoid clawback for fake dd.
Anyone successful funding with a credit card within the last 2 weeks? I’ve opened many accounts using a credit card and now it keeps failing. My last success was 3 weeks ago.
So I finally found out that they put a limit on how much I can fund with a credit card. But the phone rep doesn’t no the specifics. For sure I was allowed to fund $1500( 3 accts/$500 each)in April.
I applied and funded with maximum $500 CC on the weekend. Which three accounts did you open?
I open CDs so I can meet credit card spend for SUBs. You can chose to open the same term CDs if you like. Remember you have to apply one at a time.
You’re still able to fund CDs w/ a cc? Lakers
Yes I was able to recently.
Did anyone receive May1st direct deposit bonus $50? I just checked and din’t see mine.
I did. Check again.
Just noticed they didnt pay me in feb and march. Had dd going in after 15th..just inquired in chat and they will escalate after investigating.. will report back.
So they said if dd posted after 15th of month, bonus paid out 1st of following month. Sadly, my real dd from military pay didnt trigger for Feb but all the C of I from Treasury Direct for other months triggered it. Don’t want clawback for the Treasury Direct so will just eat it.
Applied Today oos in FL, was told i’d be contacted in 2-3 days. Recieved 2 seperate emails about 2 hours later, one said I had a new message, and the other was saying I was approved. Was given my acc #, and temp online login cred. Today is Saturday so i’m suprised they approved me so fast, chex score is LOL/24.
did you notice how much CC funding was allowed?
Matt F
Anyone successfully go Round #2 with them? Based on “Individuals who have been KeyPoint Members within one calendar year prior to account opening are not eligible.” – it appears I might be eligible again in October…unless calendar year means waiting until January 2025 if closed any time in 2023, but I’d think the bean counters at these smaller institutions pay more attention to your history…
Has anyone gotten a 1099 for tax year 2023?
Yes. I got one
I didn’t get one. Online statements/tax docs didn’t have it either. I called and chatted their support and both said they didn’t have one for me.
The DD23 promo fine print states “Total bonus credited within 9 months of new account opening”
Does it mean one can miss a month or two DD and still be good for the bonus?
You have two months to start the DD.
From the terms:
The monthly bonus will be paid out the following month if the direct deposit requirement is met. If direct deposit stops or does not meet the requirement, the $50 monthly bonus will not be paid and the remainder of up to $300 bonus forfeited.
Hi all, I did the $300 bonus where you get incremental payments of $50 over 6 months. I have eventually been paid the bonus but this has been one of the most painful bonuses I have ever worked on, because they never post the $50 for me automatically. I have to pull out their teeth, sending multiple support requests per month to get my $50 every month. It’s one thing to have to fight for your bonus once, but to do it EVERY MONTH FOR SIX MONTHS. the support is so awful…word of caution.
Were you doing real DD?
Yes I should have clarified, these were all legit DD
DEAD. Thanks, DOC!
What’s dead? The offer page still works for me. Click my name if you need a referral. 😉
Looks fine to me