Landings Credit Union Offers $200 for New Arizona Checking Customers

If you live in Arizona and are looking for a new checking account, Landings Credit Union has a $200 bonus that might catch your eye. It's a straightforward offer: open a checking account, use the promo code, and complete a couple of common banking tasks within 60 days. The requirements aren't too demanding, especially if you already have a regular paycheck or government benefits coming in. Let's break down what you need to know.

What You Need to Do to Get the $200

The process is pretty simple. First, you need to be a new member of Landings Credit Union. That means you can't currently have an account there, and if you were a member before, your membership must have been closed for at least 12 months. Also, employees of the credit union and their immediate family members aren't eligible.

When you apply, you must use the promo code CHK26. If you forget it, you won't get the bonus. You'll also need to open a share savings account to establish membership, and then open a qualifying checking account as the primary owner. The checking account must be opened within the promotional period, though no expiration date is listed, so it's likely ongoing until they decide to stop it.

Within the first 60 days of opening your checking account, you need to complete two things: set up recurring direct deposits totaling at least $500 per month, and make 15 qualifying debit card purchases. The direct deposits must be from payroll, pension, or government benefits—transfers from other accounts or mobile check deposits don't count. The debit card purchases must be actual transactions that post and clear; ATM withdrawals, refunds, reversals, and person-to-person payments like Venmo or Zelle don't qualify.

Once you've done all that, the $200 will be deposited into your checking account. Just make sure your account stays open and in good standing when the bonus is paid.

• Use promo code CHK26 when applying.
• Open a share savings account and a new checking account as the primary owner.
• Set up recurring direct deposits of $500+ per month within 60 days.
• Make 15 qualifying debit card purchases within 60 days.
• Keep your account open and in good standing until the bonus is deposited.

The Fine Print You Should Know

The offer is limited to one bonus per member, and it can't be combined with other promotions. The credit union also reserves the right to modify or discontinue the offer at any time without notice, so if you're thinking about it, don't wait too long.

One thing to note: the bonus is treated as interest income, so you'll receive a 1099-INT tax form from the credit union. That means you'll owe taxes on the $200, so it's not entirely free money—but it's still a nice chunk of change for relatively little effort.

Also, there's no mention of an early account termination fee in the fee schedule. That's good news if you decide to close the account after getting the bonus, but always double-check the current fee schedule to be sure.

• Limit one bonus per member.
• Cannot be combined with other offers.
• Bonus is reported to the IRS as interest income.
• No early account termination fee listed in the fee schedule (as of the offer date).

Avoiding Fees and Other Considerations

The checking account itself has no monthly fees, which is a plus. However, you should still watch out for other potential fees like overdraft charges or out-of-network ATM fees. The account comes with access to over 30,000 ATMs through the CO-OP network, so you can likely avoid ATM fees if you stick to those.

Another thing to consider: Landings Credit Union is Arizona-based, and membership eligibility may require you to live, work, or worship in certain counties. You'll need to check their membership requirements before applying. Also, they may pull your ChexSystems report, so if you have a spotty banking history, you might want to check that first.

Finally, remember that the direct deposit must be recurring. A one-time deposit won't cut it. So if your paycheck is split or you get paid irregularly, make sure you can meet the $500 monthly threshold.

• No monthly fees on the checking account.
• Check membership eligibility for your location.
• Be aware of potential ChexSystems inquiry.
• Direct deposits must be recurring, not one-time.

Bottom Line

• Landings Credit Union offers a $200 bonus for new Arizona members who open a checking account with promo code CHK26.
• Requirements: $500+ monthly direct deposits and 15 debit card purchases within 60 days.
• No monthly fees on the checking account, but bonus is taxable.
• Offer is for new members only; current members and those who closed an account within 12 months are ineligible.

Common Questions