(WI Only) Educators Credit Union (ECU) $350 Referral Check Bonus

Update 4/26/26: It is actually possible to do this online as well. ‘Apply for your new account online, through the Educators Connect Cam™️ or by visiting a branch’. Hat tip to the reader snail

Offer at a glance

• Maximum bonus amount: 350 dollars
• Availability: Membership is open to anyone who lives or works in Dane, Green, Jefferson, Kenosha, Milwaukee, Ozaukee, Racine, Rock, Walworth, Washington and Waukesha counties.
• Direct deposit required: Yes, $200+
• Additional requirements: 15 debit card transactions
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card financing: Unknown, unlikely due to branch opening
• Monthly fees: ANY
• Early account closure fee: $20, 90 days
• Family boundary: None listed
• Expiration date: None listed

Offers

Direct link to the offer

• Educators Credit Union (ECU) is offering a $350 bonus when you use a referral code to open a new account and meet the following requirements:
  • The referred member must provide the referring member’s unique referral code at the time of account opening.
  • The referred member must receive a direct deposit into their account of at least $200 within 60 days of account opening (eg Social Security, payroll, etc.)
  • The referred member must qualify for Educator Member Loyalty within 60 days of account opening.

Fine Press

To get your $50 referral reward:

1. Refer family and friends who do not bank with Educators to open a qualifying Educators checking account. The referred member must be considered a new member and not have had an Educators Credit Union account within the past six months. If the referred member was previously a member of Educators Credit Union, their account must have been in good standing to qualify for this program.
2. The referred member must provide the referring member’s unique referral code at the time of account opening.
3. The referred member must receive a direct deposit into their account of at least $200 within 60 days of account opening (eg Social Security, payroll, etc.)
4. The referred member must qualify for Educator Member Loyalty within 60 days of account opening.

If the above four conditions are met, we will deposit the $50 Referral Reward into the referring member’s primary checking account within 10 days.

To claim the $350 bonus:

1. The referred member must provide the referring member’s unique referral code at the time of account opening.
2. The referred member must receive a direct deposit into their account of at least $200 within 60 days of account opening (eg Social Security, payroll, etc.)
3. The referred member must qualify for Educator Member Loyalty within 60 days of account opening.

If the above three conditions are met, we will deposit the $350 bonus into the referring member’s primary checking account within 10 days.

Eligibility may be limited based on account ownership. Bonuses and awards are considered miscellaneous information and may be reported to you and the IRS on Form 1099-MISC. Employees of Educators Credit Union are eligible for the Member Referral Program, excluding executive and senior management.

Avoidance of fees

Monthly fees

They offer a free check

Early account termination fee

There is an early account termination fee of $20 if the account is closed within the first 90 days according to fee schedule

Our verdict

Feel free to share your recommendations in the comments below.

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