Foothill Credit Union's $200 Checking Bonus: Worth the Hoops?

If you live in Southern California and can swing a $2,000 direct deposit, Foothill Credit Union has a $200 checking bonus that's pretty straightforward. The catch? Membership is limited to certain groups—though there might be a backdoor for outsiders. Let's break it down.

What You Need to Do

The requirements are simple: open a new eligible checking account with promo code Checking200, then set up direct deposits totaling at least $2,000 within 90 days. That's it. No minimum balance, no debit card purchases, no online banking hoops.

Just make sure your deposits are qualifying ones—payroll, pension, or government benefits like Social Security. Moving existing direct deposits from another account won't cut it. Neither will internal transfers, wires, or mobile check deposits.

Who Can Actually Join?

This is where things get tricky. Foothill Credit Union primarily serves employees in education, health care, and local city government in the San Gabriel Valley area of California. They also work with over 300 businesses in the region.

If you don't fall into those groups, you might still be able to join through the Vera Society—a common credit union loophole. It's not guaranteed, but it's worth checking if you're outside the usual eligibility.

The Fine Print You Shouldn't Skip

The bonus is valid for both new and existing members who open a new eligible checking account during the offer window. Existing checking account holders can qualify by opening a separate new account.

You must provide the promo code Checking200 when you open the account—and make sure it's recorded correctly. The $200 will be deposited into your account after the month in which you meet the direct deposit requirement ends. Your account needs to be open and in good standing at that time.

One bonus per member. This offer can't be combined with other checking promotions. And yes, the bonus is taxable—you'll likely receive a 1099 form.

Fees and Gotchas

The Simply Free Checking account has no monthly fees, which is a plus. But I couldn't find any info on an early account termination fee. If you close the account too soon, you might get hit with one. It's worth asking before you sign up.

Also, there's no household limit listed, so multiple family members might be able to each earn the bonus—but check with the credit union first.

Is It Worth Your Time?

If you're eligible and can easily redirect $2,000 in direct deposits, this is a solid, low-effort $200. The lack of monthly fees makes it even sweeter. But if you're relying on the Vera Society workaround, there's a chance it won't pan out. And without knowing the early termination fee, you'll want to keep the account open for a while to avoid any surprises.

Bottom Line

• Earn $200 by opening a new Foothill Credit Union checking account with promo code Checking200 and receiving $2,000+ in direct deposits within 90 days.
• Membership is limited to certain California groups, but the Vera Society might offer a way in for others.
• Simply Free Checking has no monthly fees, but the early account termination fee is unknown—ask before closing.
• The bonus is taxable, and you'll need to keep the account in good standing to receive it.

Common Questions