Back for 2024, Power Financial Credit Union is offering Florida residents a $100 sign up bonus for opening a new checking account. It's not the biggest bonus we've seen, but considering you can opt to receive direct deposit or simply deposit $500 into the account, it's not a terrible deal.
They're also offering additional bonuses if you also open other accounts at the same time – like a loan, credit card, or mortgage – so be sure to check those out too if you're in the market.
How To Earn The Bonus
The Power Financial Credit Union Personal Checking promotion requires you to optionally, set up eligible direct deposits and deposit and maintain a minimum balance in order to earn the $100 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
- Accounts require opening a checking account with direct deposit or a minimum initial deposit of $500.
- Checking account must remain open for 90 days.
- Membership required; $5 membership deposit. Power Financial Credit Union’s membership consists of those who: live or work in Broward, Charlotte, Collier, Lee, Martin, Miami-Dade, Monroe, Palm Beach County, Hillsborough, Manatee, Pinellas, Sarasota or St. Lucie counties; employees of FPL/NextEra and Ryder System, Inc.; members and employees of Bonefish & Tarpon Trust; and immediate family of all current members.
- Restrictions apply. Please visit or call Power Financial Credit Union for complete details.
- Cannot be combined with other offers.
Open a Personal Checking account before the bonus expires on December 31, 2024
How does this personal checking offer from Power 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:
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 14 days
- Requires
- Direct Deposit
BMO
Smart Advantage Checking Account
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 47 days
- Requires
- Direct Deposit
Discover
Discover® Cashback Checking
- Bonus
- up to $360
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
Why Power Financial Credit Union?
Regular Checking
Fees
Regular Checking does charge a monthly maintenance fee of $4.95, but there are ways to get this waived:
- Use SecureLink Bill Pay to pay at least one bill per month.
Cash Back Checking
Cash Back Checking is an interest-earning checking account that doesn't have a monthly fee, but does have requirements you'll need to meet each month in order to earn the interest: use your debit card 12 times, use bill pay 3 times, and opt for eStatements.
Assuming you meet the above, you'll earn interest on your balance up to $15,000.
Fees
Cash Back Checking does not charge a monthly maintenance fee.
Student Checking
A straightforward checking account designed for members ages 18 to 24.
Fees
Student Checking does not charge a monthly maintenance fee.
Teen Checking
A straightforward checking account designed for members ages 13 to 17.
Fees
Teen Checking does not charge a monthly maintenance fee.
Apply now for a Personal Checking account to earn the $100 bonus offer
How to Join Power 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 Power Financial Credit Union's membership requirements:
- Live, work or go to school in Broward, Charlotte, Collier, Lee, Martin, Miami-Dade, Monroe, Palm Beach County, Hillsborough, Manatee, Pinellas, Sarasota or St. Lucie counties
- Employees of FPL/NextEra
- Employees of Ryder System
- Members and employees of Bonefish & Tarpon Trust
- Immediate family of all current members
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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