[NM, TX] GECU Federal Credit Union $300 Checking Bonus

Offer at a glance

• Maximum bonus amount: $300
• Availability: NM, TX, might be possible OOS via ACC
• Direct deposit required: Yes, $2,000+
• Additional requirements:
• Hard/soft pull: Soft pull
• ChexSystems: Unknown, not sensitive
• Credit card funding: Up to $250
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: July 31, 2026

The Offer

Direct link to offer

• GECU Federal Credit Union is offering a $300 bonus when you open a checking account and complete the following requirements: 
  •  Receive one or more qualifying direct deposits totaling at least $2,000 within 90 days of account opening.
  • After the 90-day qualification period, if all requirements are met, the $300 bonus will be deposited into your new checking account within one business day.
  • Maintain a $500 average daily balance for 90 days after account opening.

The Fine Print

• Offer available on new checking accounts opened during the promotional period only. Limit one bonus per member per checking account.
• Not available for second chance checking or business checking accounts.
• Account must be opened by July 31, 2026, and remain open until the bonus is paid. Direct deposit includes an electronic deposit of paycheck, pension or government benefits (such as Social Security) from an employer or the government.
• Transfers between GECU accounts, transfers from external financial institutions, mobile deposits, person-to-person transfers (such as Zelle®), and branch or ATM deposits do not qualify as direct deposits.
• After the 90-day qualification period, if all requirements are met, the $300 bonus will be deposited into your new checking account within one business day. 
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Personal checking account has no monthly fees to worry about. 

Early Account Termination Fee

I wasn’t able to find a fee schedule

Our Verdict

This is not the same as the credit union we have discussed with the same name before. Looks like it’s basically a manual approval process and they ask a lot of questions. Don’t say you heard of this promotion from a blog or similar when questioned. I suspect OOS will stop working and promotion likely to be pulled but YMMV. We will add it to our best bank account bonus page. 

Hat tip to reader Bockrr

Useful posts regarding bank bonuses: