Check out the latest Farmers Insurance Federal Credit Union promotions, bonuses, and offers here.
Update 8/28/24: There’s currently a up to $250 checking bonus available for a limited time. In addition, you can earn up to 5.75% APY with their variable certificate.
About Farmers Insurance Federal Credit Union Promotions
Farmers Insurance Federal Credit Union is member-owned and they return their profits to you, not some corporate shareholder. This means you get great bank bonuses, bank rates, and CD rates that you couldn’t possibly get from a bank.
| Eligibility: Membership in Farmers Insurance Group Federal Credit Union is open to anyone by joining or being a member of the American Consumer Council. Membership is also open to employees or agents of Farmers Insurance, Foremost, BristolWest, 21st Century, Farmers New World Life, Farmers Financial Services, and their immediate family. See more information about membership eligibility here. |
Farmers Insurance Federal Credit Union Certificate
Farmers Insurance Federal Credit Union $250 Checking Bonus
- What you’ll get: $250 bonus
- Account Type: FIGFCU High Yield Checking
- Availability: Nationwide, excluding Louisiana (Bank Locator)
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Monthly Fee: None
- Early Account Termination Fee: None listed
- Household Limit: None
(Offer expires 12/31/2019)
| BMO Smart Money Checking ($250 cash bonus + $100 digital gift card) | BMO Smart Advantage Checking ($250 bonus + $100 digital gift card) |
| Bank of America ($200 bonus offer) | Chase Total Checking® ($300 bonus) |
| Fifth Third Bank Momentum® Checking ($325 bonus) | SoFi Checking and Savings ($325 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | Truist Checking ($400 bonus) |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Earn a $250 bonus when you open a High Yield Checking account and make direct deposits of $5,000 or more a month for three consecutive months.
- Earn a $100 bonus when you open a High Yield Checking account and make direct deposits of $1,000 to $4,999 a month for three consecutive months.
- Use promo code DDEP at signup.
- New Member Checking & Direct Deposit Bonus: New Members/New Account must use a valid “promo/promotional” code at signup/account opening to be eligible to receive the bonus. Offer not available to existing FIGFCU Members. Offer cannot be combined with any other new member offer and is limited to one bonus per account and per Member.
- Eligible “Member” must open a qualified bonus account with a minimum qualifying deposit in new money to the Credit Union within 10 days of joining the Credit Union. Bonus will be paid by the 20th day of the following month after qualifying activities are completed. Bonuses will be paid for the following:
- Eligible “New Member” must open a FIGFCU Checking account within 10 days of joining the Credit Union, and posted a qualified ACH Direct Deposit amounting to a minimum of $1,000 (one thousand dollars) per calendar month into the Checking account no later than 45 days after joining the Credit Union. The ACH Direct Deposit must occur for 3 (three) consecutive months before bonus is paid. Bonus will be paid by the 20th day of the following month.
- $100 bonus for newly qualified Direct Deposits totaling $1,000 to $4,999 for 3 consecutive months.
$250 bonus for newly qualified Direct Deposits totaling $5,000 or more for 3 consecutive months.
Promotion is available starting July 1, 2024 until further notice. Offer availability subject to change. - Bonus recipient must have an active primary savings account at the time of the bonus payout; bonus will be posted to the primary savings account. Bonus recipient must be at least 18 years of age, able to open an active membership in good standing and not have caused a loss to the Credit Union.
- “Bonus” is considered interest and will be reported to the IRS.
Farmers Insurance Federal Credit Union $100 Referral Bonus
- What you’ll get: $100 bonus
- Account Type: Checking Account
- Availability: AZ, CA, KS, MI, OK, TX, WA (Bank Locator)
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Monthly Fee: None with the Freedom Spending Checking Account
- Early Account Termination Fee: None listed
- Household Limit: None
(Limited time offer)
| BMO Smart Money Checking ($250 cash bonus + $100 digital gift card) | BMO Smart Advantage Checking ($250 bonus + $100 digital gift card) |
| Bank of America ($200 bonus offer) | Chase Total Checking® ($300 bonus) |
| Fifth Third Bank Momentum® Checking ($325 bonus) | SoFi Checking and Savings ($325 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | Truist Checking ($400 bonus) |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Earn up to $100 every time friends, family, coworkers, or employees you refer become members of the Credit Union. P.S. They get up to $100 too!
- When you refer someone to the Credit Union they get to share in all the awesome benefits that come with Credit Union membership like low loan rates, higher savings earnings and unmatched service. Plus both of you can earn:
- $50 when your referral opens a Checking account with Direct Deposit of at least $1,000/month for two consecutive months.
- Earn $50 more when they open any Savings account with a minimum of $10,000.
- Referral Program: Both the Referring Member and “Referred Member” will receive a referral bonus up to $100 subject to the following:
- Referring Member must be at least 18 years of age, a current active member in good standing and not have caused a loss to the Credit Union, provide the name and contact information of a prospect within our Field of Membership, and the referral results in a new qualified membership. The “Referred Member” must remain a member for at least 60 days before bonus is paid.
- $50 Direct Deposit Bonus: Eligible “Referred Member” must open a Checking account within 10 days of joining the Credit Union, and posted an ACH Direct Deposit amounting to a minimum of $1,000 per calendar month into the Checking account no later than 45 days after joining the Credit Union. The ACH Direct Deposit must occur for 2 (two) consecutive months before bonus is paid. Bonus will be paid on the 10th day of the following month. Both the Referred Member and “Referring Member” must have an active primary savings account at the time of the bonus payout; bonus will be posted to the primary savings account.
- $50 Savings/Deposit Bonus: Both the Referring Member and “Referred Member” will receive a maximum for one additional $50 bonus subject to the following: Eligible “Referred Member” must open a qualified savings/deposit account with a minimum deposit of $10,000 (ten thousand dollars) in new money to the Credit Union within 10 days of joining the Credit Union. At least $10,000 must stay in the deposit account for 2 (two) consecutive months before bonus is paid. Bonus will be paid on the 10th day of the following month. Both the Referred Member and “Referring Member” must have an active primary savings account at the time of the bonus payout; bonus will be posted to the primary savings account.
- Your Rewards Loyalty members get $60 per successful referral. The $50 noted above and if they are qualified for the Loyalty Program at the time of payout to get an extra $10.
- There is no limit on the number of referrals a Referring Member can make. Only the initial referring party is eligible for bonus, employees, officials and their immediate family members are not eligible for bonus. Referral Program will be effective May 1, 2023 until further notice, and is subject to change at any time.
- *“Bonus” is considered interest and will be reported to the IRS.
How To Waive Monthly Fees
- High Yield Checking: None
- Cash Back Checking: None
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Bottom Line
In my opinion, this bonus is not too appealing and there are more attractive bonuses which you can find on our site Hustler Money Blog! However, if you do want to open this account, be sure to check with a CSR to see if it triggers a hard or soft pull.
*Check back at this page for updated Farmers Insurance Federal Credit Union promotions, bonuses and offers.
“you must complete the following every month for 3 consecutive months”
“when you open a Checking Account and meet the requirements listed below before December 31, 2018”
This is NOT possible