Farmers Insurance Federal Credit Union (FIGFCU) Check Bonus of $250-$400

Update 5/8/26: There is a new $400 bonus to celebrate the opening of the Burbank branch. It requires the following:

• Promotional code BUR-HY26
• Registration in eDeclaration
• Over 15 debit transactions (total)
• Three or more qualifying direct deposits in total:
  • $3,000 – $4,999 = $250 bonus
  • or $5,000+ = $400 bonus

I haven’t fully updated the post below as I’m not sure if the new $400 bonus will work for everyone or if they will try to implement some sort of area near Burbank?

Hat tip to the reader Anthony Paganini

Update 1/19/26: Terms now change to $15,000 required in direct deposits instead of $5,000 per month for 3/4 months.

Now requires four direct deposits.

Offer at a glance

• Maximum bonus amount:250 dollars
• Availability:It looks like anyone can join through the American Consumer Council (ACC).
• Direct deposit required:Yes, $5,000+ per month for three consecutive months
• Additional requirements:See below
• Hard/soft pull: Gentle pull
• ChexSystems: yes
• Credit card financing: Up to $1,000
• Monthly fees:ANY
• Early account closure fee:ANY
• Family boundary:ANY
• Expiration date:None listed

Offers

Direct link to the offer

• Farmers Insurance Federal Credit Union (FIGFCU) is offering a $250 bonus when you open a new checking account and meet the following requirements:
  • Use promo code GHYCHECK
  • $100 bonuswhen you open a FIGFCU High Yield Checking account and post 3+ separate ACH Direct Deposits totaling $3,000 to $14,999 in the first 90 days of account opening.
  • $250 bonuswhen you open a FIGFCU High Yield Checking Account and post 3+ separate ACH Direct Deposits totaling $15,000 or more in the first 90 days of account opening.

 

Fine Press

• All bank account bonuses are treated as income/interest and as such you must pay tax on them

Avoidance of fees

Monthly fees

This account has no monthly fees to worry about. There is a $5 monthly inactivity fee

Early account termination fee

There is no EATF according to fee schedule.

Our verdict

This is significantly better than the $100 referral bonus we posted about before.

Useful posts about bank bonuses:

• A Beginner’s Guide to Bank Account Bonuses
• Bank Account Quick Reference Table (Calculated Sheet) (very useful for ranking bonuses according to different parameters)
• PSA: Don’t call the bank
• Login to ChexSystems
• Banks and credit unions that are sensitive to ChexSystems requirements
• What Banks and Credit Unions Do/Don’t Attract ChexSystems?
• How to use our direct deposit site for banking bonuses site
• Common Bonus Bank Misconceptions + Why You Should Give Them a Go
• How many bank accounts can I safely open in a year for the purposes of the bank bonus?
• Affiliate links and bank bonuses – We will not use them
• Complete list of ways to close bank accounts in each bank
• Banks that allow/disallow overseas check applications
• Bank bonus posting times

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