Connecticut Small Business Owners: A $250 Bonus for 20 Debit Swipes

If you run a business in Connecticut, there's a $250 bonus waiting for you at Mutual Security Credit Union. The requirements are simple: open a business checking account, make 20 debit transactions within 60 days, and keep the account in good standing. No direct deposit needed. But there are a few things to know before you sign up.

Who Can Join Mutual Security Credit Union?

Before you can grab this bonus, you need to qualify for membership. MSCU is a Connecticut-based credit union, so you'll need a connection to the area. If you live, work, worship, or attend school in Fairfield, Litchfield, or New Haven counties, you're in. You might also qualify if your employer is part of their Select Employer Group program, or if a family member is already a member. If none of those apply, you're out of luck.

The Bonus Requirements: 20 Debit Swipes in 60 Days

Once you're a member and open a business checking account, the clock starts ticking. You have 60 days to complete 20 debit card transactions. That's about one every three days, so it's manageable. There's no minimum purchase amount mentioned, so even small transactions should count. Just make sure the account stays in good standing—no overdrafts or other issues.

• Open a new business checking account
• Make 20 debit card transactions within 60 days
• Keep the account in good standing

Watch Out for the $10 Monthly Fee

The basic business checking account comes with a $10 monthly fee. That's $120 a year, which could eat into your bonus if you're not careful. The fee is waived if you maintain a $1,000 minimum daily balance. So you'll need to park at least a grand in the account to avoid the charge. If you can't do that, the bonus might not be worth it after fees.

No Early Account Termination Fee Found

I checked the fee schedule and couldn't locate any mention of a penalty for closing the account early. That's good news if you plan to grab the bonus and move on. However, it's always smart to confirm with the credit union directly before closing, just to avoid any surprises.

Is This Bonus Worth It?

If you're eligible and can meet the requirements, $250 is a solid return for minimal effort. The lack of a direct deposit requirement makes it easier than many other bank bonuses. But remember, you'll need to keep $1,000 in the account to avoid the monthly fee. If you can do that, it's a good deal. Also, keep in mind that this bonus is taxable, so set aside a bit for taxes.

There's also a $100 personal checking bonus available, but that's been higher in the past. The business bonus might drop to $100 eventually, so if you're interested, don't wait too long. The offer expires on 9/30/26.

Bottom Line

• Earn $250 by opening a business checking account and making 20 debit transactions in 60 days.
• No direct deposit required, but you need to maintain a $1,000 balance to avoid the $10 monthly fee.
• Membership is limited to those in Fairfield, Litchfield, or New Haven counties in CT, or with other qualifying connections.
• The bonus is taxable, so plan accordingly.

Common Questions