First Tech Credit Union: $300 Rewards Checking Account Bonus

Updated with new bonus details. First Tech Federal Credit Union has a new $300 checking bonus. This new promo is set to run through 6/30/24, but is specifically for their new Reward Checking account that pays up to 5.00% APY (on up to $15,000 balance) if you meet a bunch of different hoops including 20 debit card transactions with $500+ in monthly spend. However, you can still get the $300 without meeting the 5.00% APY requirements. This promo is also valid for existing First Tech Rewards checking account owners who have not set up a direct deposit yet.

Here’s how to make it happen:

1) Open a First Tech Reward Checking account. Already have one? You’re set!
2) Set up a new payroll direct deposit to your First Tech Rewards Checking of $1,000+ per month for a minimum of three months.
3) Earn your $300 bonus!

When I applied for a previous promo, First Tech CU paid the $8 membership fee for the partner organization on my behalf so that I could join the credit union, although they mentioned it might be eventually be reported on 1099-INT. I did not experience a hard credit check, although they did a soft check on Experian.

The monthly requirements for earning the 5.00% APY interest (on up to $15,000 balance) are:

• 20 card transactions with $500+ in monthly spend.
• Electronic statements
• ACH / direct deposit $1,000+ monthly

Offer valid for enrollment between February 26, 2024 and June 30, 2024 for members without an existing direct deposit. Members with existing direct deposits or who are already enrolled in a First Tech direct deposit campaign are not eligible. Participant is defined as 18 years of age or older and the primary account owner on a First Tech Rewards Checking (FTRC) account. Direct deposits are considered new if there has been no direct deposit activity in the Participant’s share accounts on which they are the Primary Owner within the previous 18 months. Membership is required and is subject to approval. Fees could reduce earnings on the account. FTRC accounts must be personal accounts. Fiduciary, trust, business, or organization accounts are not eligible. Participant will be enrolled in the promotion upon receipt of new direct deposit transaction into the FTRC account (“Enrollment”). In order to receive any bonus payout, in addition to satisfying the payout conditions set forth in this disclosure, the Membership Savings account must be in good standing (not in default, closed, inactive, or otherwise not in good standing) during the period of time commencing with Enrollment and ending with the applicable date of payout. Any inquiries or disputes must be received by January 31, 2025.

New Direct Deposit Offer: New direct deposit must occur at least on New Direct Deposit Offer: New direct deposit must occur at least once per calendar month from the Participant’s employer payroll into the First Tech Rewards Checking (FTRC) account of which the Participant is the primary account owner. Direct deposits from a non-employer payroll source do not qualify. The monthly aggregate amount of all qualifying direct deposits must equal to at least $1,000 to earn the $300 bonus. Enrollment is the date of the initial direct deposit transaction. During the period of time commencing with Enrollment and ending 120 calendar days after Enrollment (“Enrollment Period”), at least one direct deposit transaction must occur each calendar month starting with the initial direct deposit transaction. A minimum of three direct deposit transactions must be received during the Enrollment Period. (EXAMPLE: If a member’s initial direct deposit is March 1, 2024, additional required direct deposits must occur at least once in each subsequent calendar month following the month in which the initial direct deposit is made, the last direct deposit must be received by June 29, 2024.) Only the Participant will receive credit for the direct deposits. Any qualifying bonus will be deposited to the Participant’s Membership Savings account the first week following the Enrollment Period. Bonuses will be considered dividends and may be reported on IRS form 1099-INT.