[MI only] OUR Credit Union $200 Checking Bonus

Update 11/23/24: Deal is now $200.

Update 6/9/22: Deal is back.Hat tip to alopez14

Update 10/2/21: Deal is back again.Hat tip to Ben

Offer at a glance

Maximum bonus amount: $100

Availability: Must live or work in Michigan[Branch locations]

Direct deposit required: Yes, $500+

Additional requirements: See below

Hard/soft pull: Hard pull

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: None

Household limit: None listed

Expiration date: July 31st, 2020 August 31st, 2020 September 30, 2020 November 30, 2020

The Offer

Direct link to offer

OUR Credit Union is offering a bonus of up to $200 when you open a new checking account and complete the following requirements:

Deposit at least $200

Set up a debit card and complete at least one transaction per month over first 60 days

Set up eStatements

Receive a recurring a direct deposit totaling $500 or more

The Fine Print

Matching deposit up to $100 for new Premium Checking Account.

Account requirements: Debit Card (at least one transaction per month over first 60 days), eStatements and recurring Direct Deposit totaling $500 or more.

This offer does not apply if you have an existing OUR Credit Union checking account or have closed an account within the previous 12 months.

Opening deposit match (up to $100) will take place approximately 60 days from opening date.

Other restrictions may apply.

Offer expires July 31, 2020.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

The basic checking account has no monthly fees to worry about.

Early Account Termination Fee

There is no early account termination fee on the checking account.But if you close the prime share savings (usually required to become a member) then there is a $5 fee according if you do so within six month to the fee schedule.

Our Verdict

They have offered a bonus of up to $300 in the past.

Given this is a hard pull and a much bigger bonus has been offered in the past we won’t be adding this to our list of the best checking account bonuses.

Hat tip to reader EW

Useful posts regarding bank bonuses:

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by mycardopinions.
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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.