$75 Checking Account Promotion at Great Wisconsin Credit Union


Great Wisconsin Credit Union has a checking account promotion in which you can earn a $75 cash bonus for opening their Free Checking and setting up direct deposit. You are also required to order a debit card and/or checks at the time of account opening. Here is some of the important fine print:
Minimum $50 deposit to qualify for cash bonus. $75 cash bonus will be automatically deposited into your new checking account within 10 business days of account opening, this amount will be available to use after six months. ... Cash bonus is considered interest and will be reported on IRS form 1099-INT

You can also make an additional $25 by referring a friend. I would assume this could also be a family member.

At the bottom of the fine print, it states that anyone in Wisconsin can join. Membership requires a minimum $5 balance in the savings account.

Offices are located in Madison, Waunakee, Portage, Fitchburg and Sun Prairie. The credit union is federally insured by the NCUA (Charter # 67190). It has $410.0 million in assets and 46,740 members.

Thanks to the reader jchaugen who mentioned this promotion in the finding-the-best-deals post.

  |     |   Comment #1
anyone think paypal will count as a DD?
  |     |   Comment #2
In my conversation with the CSR they told me any ACH direct deposit was acceptable. This would lead me to believe that PayPal, which uses ACH, would qualify.

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