Pima Federal Credit Union Offers $200 Checking Bonus for Arizona Residents

If you live in Arizona and are looking for a little extra cash, Pima Federal Credit Union has a $200 bonus for new checking account customers. It's a straightforward offer, but you'll need to meet a few requirements to get the money. Here's what you need to know.

Who Can Join Pima Federal Credit Union?

Before you can snag this bonus, you need to become a member. Pima Federal Credit Union has a few membership paths. If you live, work, worship, or attend school in certain Arizona counties, you likely qualify. But even if you don't, you can join by becoming a member of one of several partner organizations, like the Children's Museum Tucson, Literacy Connects, or Friends of the Pima County Public Library. That usually involves a small membership fee, around $20.

There are also options if you're associated with one of over 200 select employee groups or if you're involved with a nonprofit in Pima County. It's worth checking their membership page to see if you're eligible.

How to Earn the $200 Bonus

The bonus requirements are pretty clear: open a new CareFREE Plus Checking account, sign up for eStatements, and receive at least $1,000 in deposits each month for two consecutive months. Those deposits can't be internal transfers or dividends—they need to be external deposits, like direct deposits from an employer or transfers from another bank.

You have to meet these requirements within the first 90 days of opening the account. Once you've done that, the $200 bonus will be deposited into your account. Just remember, this offer is only for new accounts; if you already have a Pima Federal account, you won't qualify.

• Open a new CareFREE Plus Checking account
• Enroll in eStatements
• Receive $1,000+ in qualifying deposits monthly for two consecutive months
• Complete requirements within 90 days of account opening

Avoiding Monthly Fees

One of the best things about the CareFREE Plus Checking account is that it doesn't have a monthly service fee. That means you won't have to worry about maintaining a minimum balance or meeting other criteria just to avoid fees. It's a straightforward checking account with no strings attached.

Things to Watch Out For

While the bonus is attractive, there are a few details to keep in mind. First, Pima Federal Credit Union doesn't offer the most competitive rates on savings or CDs, so if you're looking for a high-yield savings account, you might want to look elsewhere. Also, the credit union hasn't specified whether this offer involves a hard or soft credit pull, so it's wise to ask before applying if you're concerned about your credit score.

Additionally, the offer is limited to Arizona, so if you're outside the state, you'll need to check if you qualify through one of the membership organizations. And as with any bonus, be sure to read the fine print—offers can change or end without notice.

• Low savings and CD rates compared to online banks
• Credit inquiry type not specified—ask before applying
• Limited to Arizona residents or those who qualify through membership
• Offer subject to change; verify details before applying

Bottom Line

• Pima Federal Credit Union offers a $200 bonus for new CareFREE Plus Checking accounts.
• Requires $1,000 in monthly deposits and eStatements for two consecutive months within 90 days.
• Membership is open to Arizona residents and others through partner organizations.
• No monthly fees on the CareFREE Plus Checking account.
• Savings and CD rates are not competitive, so consider other options for those.

Common Questions