Available in Michigan and parts of Ohio with the ability to open online, Cornerstone Community Financial Credit Union is offering up to a $300 bonus when you open a new consumer checking account and meet qualifying requirements for three full calendar months after account opening.
Each qualifying month earns $100, paid the following month. Requirements each month: a recurring direct deposit of at least $500, 18 signature-based debit card transactions, one login to mobile or online banking, and eStatements enrollment. No expiration date is listed — this is a limited-time offer.
The Rewards Checking account has no monthly fee. The three-month requirement is a commitment, but the $300 payout is straightforward if you use the account normally. Note that the qualification period runs by calendar month, not by days from opening.
If you qualify, it is worth a look.
How To Earn The Bonus
The Cornerstone Community Financial Credit Union Personal Checking promotion requires you to set up eligible direct deposits and make purchases using the account's card in order to earn the up to $300 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the credit union will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
Please refer to the institution's website for any terms and conditions that may apply.
Open a Personal Checking account before the bonus expires
How does this personal checking offer from Cornerstone Community Financial Credit Union compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
BMO
Personal Checking
- Bonus
- $400 Cash Bonus*
- Account Type
- Personal Checking
- Expires In
- 6 days
- Requires
- Direct Deposit
PNC
Virtual Wallet® with Performance Select
- Bonus
- $400
- Account Type
- Personal Checking
- Expires In
- 30 days
- Requires
- Qualifying Direct Deposit
Bank of America
Advantage Banking Account
- Bonus
- up to $500
- Account Type
- Personal Checking
- Expires In
- 33 days
- Requires
- Direct Deposit
Why Cornerstone Community Financial Credit Union?
Cornerstone Community Financial Credit Union is a member-owned federal credit union founded in 1951 by employees of Chrysler Corporation's parts division. Originally known as Mo-Par Federal Credit Union, it relocated its headquarters to Auburn Hills, Michigan in 1994 and rebranded to its current name in 2004.
Cornerstone operates multiple branches across Michigan and Ohio and is federally insured by the NCUA. It serves members with a full range of personal financial products including Rewards Checking, savings, certificates, auto loans, mortgages, and Visa credit cards.
Rewards Checking
The Rewards Checking account earns 2.02% APY on balances up to $15,000 with no monthly maintenance fees. To qualify for the rewards rate, members need to complete at least 18 signature-based debit or Visa Platinum credit card transactions, enroll in eStatements, log into online or mobile banking once a month, and maintain a direct deposit.
This account pairs with the Round-Up Rewards savings account, which rounds up debit card purchases to the nearest dollar and transfers the difference into a linked savings account. Cornerstone deposits a 25% match in the first month and a 5% match every month after that, paid out quarterly.
Members with a direct deposit set up are also automatically enrolled in Fast Pay, which allows them to access their paycheck up to two days early.
Fees
Rewards Checking does not charge a monthly maintenance fee.
CORE Rewards Checking
The CORE Rewards Checking account is designed for teens and young adults between the ages of 13 and 24 who are new to the workforce. It offers the same 2.02% APY on balances up to $15,000 and carries no monthly fees, but notably does not require a direct deposit to qualify for rewards.
To earn rewards, members simply need to complete at least 18 signature-based debit or Visa Platinum credit card transactions, enroll in eStatements, and log into mobile or online banking once per month. It's a great starter account for younger members building financial habits without the pressure of payroll requirements.
All CORE Rewards members between the ages of 18 and 24 also have monthly membership fees waived, making this one of the most cost-friendly entry points into Cornerstone membership.
Fees
CORE Rewards Checking does not charge a monthly maintenance fee.
Classic Checking
Classic Checking is a no-frills account with no minimum balance to open, no monthly maintenance fees, and no direct deposit requirement. It's designed for members who prefer simplicity and reliability over rewards structures.
Like all Cornerstone personal checking accounts, it comes with 24/7 access to 30,000 fee-free ATMs nationwide through the CO-OP Network, a Visa debit card, and a full suite of digital banking tools including mobile deposit and online banking.
Fees
Classic Checking does not charge a monthly maintenance fee.
Apply now for a Personal Checking account to earn the up to $300 bonus offer
How to Join Cornerstone Community Financial Credit Union
Credit unions differ from banks in that they restrict membership based on a shared common bond, or the credit union’s “field of membership”.
That means in order to qualify for this bonus (or any offer from a credit union), you'll first need to meet one of Cornerstone Community Financial Credit Union's membership requirements:
- Live, work, worship, regularly do business in, or attend school anywhere in Michigan
- live, work, worship, regularly do business in, or attend school in the following Ohio Counties: Fulton, Henry, Lucas, Ottawa, Sandusky, Wood
- Be an immediate family member of a current Cornerstone member
Keep in mind that nearly all credit unions have a "once a member, always a member" policy, so once you're in, the above restrictions no longer apply.
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