First Federal Bank of Kansas City $300 Checking Bonus – Act Fast!

Looking for a quick $300? First Federal Bank of Kansas City is running a limited-time promotion on their First Free Checking account. If you live in Missouri and can handle a few straightforward steps, this bonus is within reach. Let's break down exactly what you need to do to earn it, plus a few things to watch out for.

What You Need to Do for the $300 Bonus

The steps are pretty simple, but you have to complete them within 60 days of opening your account. Here's the checklist:

First, open a new First Free Checking account with at least $25. You'll also need to enroll in online banking. Then, make sure you receive at least one direct deposit of $500 or more — or multiple deposits adding up to $500. And finally, use your debit card at least 10 times at point-of-sale terminals.

Once all that's done, the $300 will be deposited into your account between 61 and 80 days after opening. Just keep the account active and in good standing during that time.

• Open a new First Free Promo checking account (minimum $25 deposit).
• Enroll in online banking.
• Receive at least $500 in direct deposits (paycheck, pension, or government benefits — no Zelle, Venmo, or micro-deposits).
• Make 10 debit card purchases at point-of-sale terminals.
• Complete all steps within 60 calendar days.

Who Qualifies (and Who Doesn't)

This offer is for new consumer checking customers. If you already have a First Federal Bank consumer checking account (as a primary or joint owner), you're out of luck. Also, if you closed a checking account after January 1, 2025, or had an account closed with a negative balance in the last three years, you won't qualify.

But here's some good news: if you already have a savings account, loan, or business account with the bank, you're still eligible. So existing customers with other products can jump on this.

A Few Things to Watch Out For

The direct deposit requirement is strict. Transfers from other accounts you own, peer-to-peer payments like Zelle or Venmo, and micro-deposits don't count. It has to be an electronic deposit from your employer or a government agency. So make sure your payroll or benefits are set up correctly.

Also, the bonus is considered interest and will be reported on a 1099-INT form. That means you'll owe taxes on it. Factor that into your net gain.

And while there's no monthly fee or early termination fee listed, it's always smart to read the fine print before opening any account.

Bottom Line

• Earn $300 with a new First Free Checking account in Missouri.
• Complete direct deposit of $500+ and 10 debit card transactions within 60 days.
• No monthly fees and no early termination fee.
• Bonus is taxable — reported on 1099-INT.

Common Questions