Find an updated list of Educational Systems Federal Credit Union promotions, bonuses, and offers here.
Currently, they have a $250 bonus when you open a checking account and meet all the requirements.
About Educational Systems Federal Credit Union Promotions
Educational Systems Federal Credit Union was formed in 1955 by a small group of educators who wanted to make a difference by helping the members of the education community achieve their financial goals and dreams.
| Eligibility: Individuals eligible to join the Credit Union include employees, students, as well as their parents and immediate family members of school systems and community colleges of Maryland. Furthermore, you can visit their membership page for additional ways to join. |
I’ll review the offers below.
Educational Systems Federal Credit Union $250 Checking Bonus
You can receive a $250 bonus from Educational Systems Federal Credit Union when you open a new checking account with certain requirements.
- What you’ll get: $250 bonus
- Account Type: Checking Account
- Availability: MD (Bank Locator)
- Credit Inquiry: Soft Pull or Hard Pull
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Direct Deposit Requirement: Yes (see what works)
- Monthly Fee: $0-$12.95; waivable
- Household Limit: None listed
- Closing Account Fee: None listed, check with CSR for more information
(Expires 11/30/2023)
Editor’s Note: Here’s an alternative link for educators. To be eligible for the New Educator Essentials promotion, you must be a new employee of a school system or community college they serve by September 30, 2023.
| BMO Smart Money Checking ($400 cash bonus*) | BMO Smart Advantage Checking ($400 cash bonus*) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
How To Earn The Bonus
- Open a new checking account.
- To qualify for the $250 bonus dividend, the member must have eStatements and establish a new Direct Deposit to a Checking account of at least $700 from payroll, retirement income sources or Social Security between August 1 and November 30, 2023.
- The Direct Deposit must post to the Checking account by December 31, 2023.
- The $250 bonus dividend will be deposited to the member’s Savings account within 10 business days after the qualifying Direct Deposit posts and validation of eStatement enrollment.
- To qualify for the $250 bonus dividend, the member must have eStatements and establish a new Direct Deposit to a Checking account of at least $700 from payroll, retirement income sources or Social Security between August 1 and November 30, 2023.
- The Direct Deposit must post to the Checking account by December 31, 2023.
- The $250 bonus dividend will be deposited to the member’s Savings account within 10 business days after the qualifying Direct Deposit posts and validation of eStatement enrollment.
- May be reported as taxable income.
- This promotion cannot be combined with other offers.
- Offer subject to change without notice.
- Membership eligibility required.
- Receiving your electronic deposit early is dependent on when the funds are sent to the Credit Union.
- For recurring deposits, this may vary from deposit to deposit.
Educational Systems Federal Credit Union $300 Checking Bonus (Expired)
Earn a $300 bonus when you open a checking account.
You can receive a $300 bonus from Educational Systems Federal Credit Union when you open a new checking account with certain requirements.
- What you’ll get: $3oo bonus
- Account Type: Checking Account
- Availability: MD (Bank Locator)
- Credit Inquiry: Soft Pull or Hard Pull
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Direct Deposit Requirement: Yes (see what works)
- Monthly Fee: $0-$12.95; waivable
- Household Limit: None listed
- Closing Account Fee: None listed, check with CSR for more information
(Expires October 15, 2020)
| BMO Smart Money Checking ($400 cash bonus*) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | HSBC Premier Checking (Up to $3,000 Cash Bonus), |
How To Earn $300 Checking Bonus
- To qualify, a new checking account must be opened with:
- eStatements
- minimum Direct Deposit of $700 per pay period from Prince George’s County Public Schools, that posts to the checking account by October 15, 2020.
- The Cash Bonus will be posted to the member’s savings account within 10 business days after the qualifying Direct Deposit posts and validation of eStatement enrollment.
- May be reported as taxable income.
- This promotion cannot be combined with other offers.
How To Avoid Monthly Fees
- Premium Checking: No monthly service fee
- Standard Checking: Requires a $1,500 minimum daily balance to avoid the $12.95 monthly fee.
- Dividend Checking: Minimum balance of $500 required to avoid the $10 monthly fee.
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Bottom Line
Lastly, Educational Systems Federal Credit Union is very generous and I recommend you take advantage of it while it lasts! Additionally, they offer online and digital banking, so you’ll be able to access your money anywhere at any time. However, be sure to check with a CSR to find out if it triggers a hard or soft pull before opening the account.
However, if you are not located near a branch, you can see all nationwide bank bonuses for more suitable offers.
However, while they have a generous bonus, Educational Systems Federal Credit Union doesn’t have great rates for CDs and Savings. Comparatively, you can check out our full list of Bank Rates and CD Rates to find other great rates.
Furthermore, your feedback is highly appreciated and makes our site even better!
*Check back at this page for updated Educational Systems Federal Credit Union promotions, bonuses, and offers.
It looks like they are going to enforce that the DD has to come from an educational institution or SS.
“To qualify, a new checking account must be opened now through November 30, 2019 with eStatements and a minimum Direct Deposit of $700 per pay period from a public school system, private school, college, university or an education retirement income source or social security that posts to the account by December 31, 2019. “