How to Snag Up to $300 from Connexus Credit Union's Checking Bonus

Looking for a solid checking account bonus that doesn't involve jumping through a dozen hoops? Connexus Credit Union has a pretty straightforward offer on the table right now that could put up to $300 in your pocket. It's a credit union, which means it's member-owned and often has better rates and fewer fees than big banks. Let's break down exactly how this promotion works and whether it's a good fit for your wallet.

Your Bonus Depends on Your Balance

This isn't a flat $300 for everyone. The amount you earn is directly tied to how much money you keep in the account during the qualification period. Think of it as a tiered reward system for your average daily balance.

Here's the breakdown: if your average balance is under $1,000, you won't get a bonus. To hit the top tier and grab the full $300, you'll need to maintain an average balance of $10,000 or more across the two months you're working to meet the requirements. It's crucial to understand this before you apply, so you can plan your finances accordingly.

• $0 Bonus: Average daily balance below $1,000
• $100 Bonus: Average balance between $1,000 and $4,999.99
• $200 Bonus: Average balance between $5,000 and $9,999.99
• $300 Bonus: Average balance of $10,000 or more

The Two-Part Game Plan to Earn It

Earning the bonus is a two-step process that you need to complete within 120 days of opening your account. The clock starts ticking as soon as your application is approved.

• Step 1: Apply online using the promo code XTRABONUS and fund your new account. The initial deposit you make is part of your application.
• Step 2: Meet the account's standard requirements for two full calendar months. These months don't have to be back-to-back, but the last day of each month must fall within that 120-day window. For each qualifying month, you must: Make 15 debit card purchases OR run up $500 in total debit card spending, Sign up for electronic statements (eStatements), and Receive one deposit of at least $500 (this can be a direct deposit from your employer or an ACH transfer from another bank).

Important Fine Print and Practical Advice

First, the good news: this promotion reportedly uses a soft credit pull, which means applying shouldn't ding your credit score. That's a big plus. Also, the account itself has no monthly maintenance fee, so you won't get nickel-and-dimed if you decide to keep it open.

Now, for the watch-outs. You are not eligible if you already have any type of Connexus checking account open. The offer is also off-limits if you closed a Connexus checking account on or after July 1, 2025. It's strictly one bonus per person.

My advice? Plan your two qualification months strategically within the 120-day period. Make sure those $500 monthly deposits are lined up—setting up a recurring ACH push from your main bank is an easy way to handle this if your payroll direct deposit is complicated. Remember, the bonus is considered taxable income, so you'll get a 1099 form for it next year.

Finally, the bonus payout isn't instant. After you complete your second qualifying month, Connexus will calculate your average balance and credit the bonus to your account within about 10 business days after that month ends. Your account must still be open to receive the money.

Bottom Line

• This is a tiered bonus: you earn $100, $200, or $300 based on your average account balance.
• You have a 120-day window to complete two non-consecutive months of account activity.
• A soft credit pull is a major advantage for your credit score.
• Ineligibility rules are strict, especially regarding recently closed accounts.

Common Questions