BECU's $150 Bonus: A Pacific Northwest Credit Union Deal Without Direct Deposit

If you live in Washington, Oregon, or Idaho and are looking for a straightforward bank bonus, BECU has an offer worth a look. Unlike many promotions that require setting up direct deposit, this one lets you earn $150 by simply using your new accounts. As a member-owned credit union, BECU operates a bit differently than big national banks. Let's break down whether this deal makes sense for you and what you need to do to grab that cash.

How to Actually Get the $150

The process is clear, but you need to pay attention to the details. First, you must be a brand new BECU member. If you've had an account with them in the last six months, you won't qualify.

When you apply, you absolutely must use the promo code WPNEW2025. The terms state they aren't required to pay the bonus if you open the account without it. You'll be opening both a checking account and a savings account (either a Member Share or Member Advantage account).

Once your accounts are open, the clock starts ticking. You have 30 days to complete at least 10 qualifying transactions. The good news is the list of what counts is fairly broad.

• Using your BECU debit or credit card for purchases.
• Writing paper checks or electronic checks (they must clear within the 30-day window).
• Making deposits or withdrawals from your BECU checking account.
• This also includes ATM transactions, ACH transfers, wire transfers, and point-of-sale purchases.

The Fine Print You Don't Want to Miss

This is a solid offer, but a few conditions could trip you up. The most important one is the 90-day rule. You must keep both accounts active for a minimum of 90 days. If you close them earlier, you'll forfeit the bonus.

Also, remember this bonus is considered interest income. Come tax time, BECU will send you a 1099-INT form for the $150, so you'll need to report it.

Eligibility is based on BECU's 'field of membership.' Generally, this means living, working, worshiping, or attending school in specific counties within Washington, Oregon, or Idaho. It's best to check their eligibility guidelines before you get too far into the process. Business accounts, HSAs, and certain other savings accounts are not eligible for this promotion.

Is This Bonus a Good Fit For You?

The lack of a direct deposit requirement is this offer's biggest advantage. It's perfect for freelancers, retirees, or anyone who doesn't have a regular payroll deposit to reroute. The transaction requirement is also very achievable—a few grocery trips and bill payments with the debit card will get you there.

However, you are joining a credit union. This isn't just opening an account; you're becoming a member-owner. That often comes with benefits like lower fees and a community focus, but it also means your eligibility is geographically limited. If you move outside the area, you can typically keep your accounts, but it's something to consider.

Compared to big bank bonuses, $150 is a modest sum. But the requirements are also less burdensome than those requiring thousands in direct deposit. It's a good 'starter' bonus or a low-effort way to add some cash to your savings.

A Quick Note on the Referral Bonus

BECU also runs a separate promotion where existing members can earn $100 for referring a friend, and the friend also gets $100. That offer also runs through the end of 2025. If you know a current BECU member, ask them for their referral code and use 'REFER' during your application. You could potentially combine the offers, but you must confirm with BECU that this is allowed, as their terms often state bonuses cannot be combined. The referral has its own set of rules, including limits on how many people one member can refer.

Bottom Line

• Use promo code WPNEW2025 during application—it's mandatory for the bonus.
• Plan for 10+ transactions in your first month. Set a calendar reminder.
• Don't close the accounts for at least 90 days, or you'll lose the money.
• The bonus is taxable income, so plan for that at tax time.
• Check BECU's field of membership rules first to ensure you're eligible.

Common Questions