Wings Credit Union's $300 Checking Bonus: A Solid Offer with a Few Hurdles

Looking at a $300 bonus for opening a new checking account always catches my eye. Wings Credit Union is currently running such an offer, and while it's not the easiest bonus to grab, it could be worth the effort for some folks. Let's break down exactly what you need to do, who's eligible, and the little details that could make or break your chance at that cash.

Who Can Actually Join?

Wings is based in Minnesota, but here's the good news: you don't have to live there. While primary membership is for those in certain Minnesota/Wisconsin counties or connected to the aviation industry, they offer a nationwide workaround. You can join by making a $5 donation to their affiliated foundation. This option is available right on the online application, so it's a clear path for most U.S. residents.

The Step-by-Step To Earn Your $300

This isn't a 'set it and forget it' bonus. You'll need to be proactive. First, you must open both the checking and a savings account online using the promo code WINGS25. You'll need at least $5 to fund the savings account to establish membership.

Once the accounts are open, the clock starts ticking. You have 60 days to complete a specific checklist.

• Enroll in Digital Banking and eDocuments. This is usually just checking boxes during setup.
• Set up a qualifying direct deposit totaling $3,000 or more. This is the big one. The fine print is very specific: it must be a recurring ACH deposit of salary, pension, or Social Security. Payments from gig work, Venmo, Cash App, or other P2P transfers do NOT count.
• Make 5 separate purchases of $25 or more using your Wings debit or credit card. These need to be signature or PIN-based transactions, not digital wallet taps or electronic transfers.

Practical Advice and Pitfalls to Avoid

The $3,000 direct deposit requirement is significant. Before you apply, confirm with your employer or benefits provider that their deposits are coded as the correct ACH type (PPD). If you're a freelancer or contractor, this offer likely isn't for you, as self-employment income is explicitly excluded.

Plan your five $25+ card transactions. Think of things you'd buy anyway—groceries, gas, a bill payment. Just ensure each one clears as a separate purchase.

Mark your calendar for the 60-day deadline and the final payout date in March 2026. The bonus will be deposited into your checking account, and you'll receive a 1099-INT for tax purposes.

Is This Credit Check Worth It?

Be aware that opening this account will likely involve a hard pull on your credit report. For a $300 return, you need to decide if that's a worthwhile trade-off for your current financial situation, especially if you're planning a major loan application soon.

Also, while there's no mention of an early closure fee, it's generally good practice to keep the account open for at least 6 months to avoid any potential issues with the bonus or your relationship with the credit union.

Bottom Line

• The $5 donation path makes this offer truly nationwide.
• The $3,000 direct deposit requirement is strict and excludes gig economy income.
• Success requires careful attention to transaction types and deadlines.
• A hard credit inquiry is part of the application process.

Common Questions