Update 3/15/2013: The $150 checking account promotion has ended early.
Amplify Credit Union is advertising a good deal on its free checking account. The credit union is offering a $150 bonus when you open its free checking account and established direct deposit. The account must be opened and direct deposit authorized before 4/13/2013. Please refer to Amplify's promotions page for the full details. This is a limited-time offer.
Below is a copy of some of the offer's important small print:
Offer not available to existing Amplify checking account members. To receive the $150 bonus offer: 1) Open a new Amplify Free Checking account, which is subject to approval, 2) Deposit $25 or more into the membership share account within 30 days of account opening, AND 3) direct deposit is authorized before 4/13/13. The opening deposit(s) cannot be money held by Amplify Credit Union. Bonus will be deposited upon satisfaction of the above conditions. Limit of one checking account-related bonus per calendar year, per household. If your checking account is closed within 90 days from opening, the bonus proceeds will be deducted at closing.
Amplify Free Checking account has some nice features. First, it has no monthly service fees with estatements. Second, Amplify will refund ATM fees charged by out-of-network ATMs (inside the U.S.) when you have direct deposit of at least $500 ever 30 days.
Amplify also has a refer-a-friend bonus. You can earn $25 for every friend you refer to Amplify who opens an Amplify Free Checking account with direct deposit. There's no limit on the number of referrals.
7-Year Jumbo CD Special Continues
I posted on Amplify Credit Union in January due to its 2.01% APY 7-year Jumbo CD. Minimum deposit is $100K. Please refer to my Amplify CD review for more details.
Membership is open to anyone who lives, works, or goes to school in Bastrop, Caldwell, Hays, Travis and Williamson counties. Please refer to Amplify Credit Union's About page for more details.
You can apply for membership and open accounts using Amplify's online application. It's powered by Andera, and it allows funding with an ACH transfer from your existing bank accounts.
Credit Union Overview
Amplify was first established in 1967 as the IBM Texas Employees Federal Credit Union. The name changed to Amplify in 2006, and membership was expanded to include several Austin metro counties.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas ratio of 7.70% (excellent) based on September 2012 data. Please refer to our financial overview of Amplify Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 18304).
Other Credit Union and Bank Bonuses
We have a bank promotions page with a table of all of the active bank and credit union promotions. You can filter the table based on the type of promotion and based on your state. I have more details about how to use this page in this blog post.