Preferred Credit Union Referral Promotion: $50 Bonus (MI)

Preferred Credit Union is offering residents of Michigan a $50 bonus when they refer friends and family members to open a Savings and Checking Account with a direct deposit.

To start, your referral will have to sign up for a Share Savings Account to join Preferred Credit Union. After they have joined, we recommend they sign-up for a Free Checking Account and set-up a direct deposit. Finally, you and your referral will get to earn a $50 bonus.

Once all the requirements are met, you will have access to a range of features to better your banking experience. If you are interested, be sure to check out this referral as well as other banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Compass Bank or CIT Bank.

Eligibility: Be sure to check to see if you are eligible to become a member at Preferred Credit Union using their membership page for more info.

Credit goes to Lindsay for letting us know about this bank referral. If you’d like to participate in our Rewards Program, simply contact us when you find a new bank referral and get paid up to $15!

	HSBC Advance checking account: Get up to $240 when you open an Advance checking account. You'll receive 3% Cash Bonus, up to $240, on Qualifying Direct Deposits up to $40 per month, during the first 6 calendar months after account opening. Member FDIC Terms
	HSBC Advance checking account: Earn $200 Bonus with a new HSBC Advance checking account with qualifying activities. Make recurring monthly Direct Deposits totaling at least $500 to your HSBC Advance checking account(s) for 3 consecutive calendar months. Member FDIC Terms
	TD Bank Beyond Checking: Earn $300 bonus when you open a new TD Bank Beyond Checking account and set up direct deposit of at least $2,500. It comes with free online banking, free bill pay, and access to 1,300 ATMs. Apply Now---TD Bank Promotions

Preferred Credit Union Referral Info

• Direct Link to Offer
• Preferred CU Referral Bonus PDF Printout
• Referrer Bonus: $50 Bonus
• Referee Bonus: $50 Bonus
• Account Type: Savings Account, Checking Account
• Availability: MI (Branch Locator)
• Expiration Date: None
• Credit Inquiry: Unknown, Let us know
• ChexSystems: Unknown, Let us know
• Opening Deposit: Unknown
  
• Credit Card Funding: Unknown, Let us know
• Direct Deposit Requirement: Yes
• Monthly Fee: None
• Additional Requirements: See Below
• Household Limit: None listed
• Closing Account Fee: None listed

What Triggers Direct Deposit? Alternative Methods

Many bank bonuses require you to make real direct deposit from your job to receive the sign up bonus. However, switching to your real paycheck can be frustrating and time consuming. You can find alternative methods below which many readers have reported to trigger direct deposit to receive the sign up bonus.

Simply set up ACH transfers from these institutions to trigger direct deposit. Again, Your Mileage May Vary(YMMV). Please help us with your experience if you find a different method or to confirm a current method for direct deposit in the comments section below.

How To Earn Preferred CU Bonus

1. Fill out your information on this form and have your referral fill out their information.
2. They will have to bring in the referral form at the time they open a Checking and Savings Account.
3. Your referral can open a Share Savings Account and any checking account to qualify for the offer.
4. Lastly, your referral will have to set up a direct deposit to the account.
5. Finally, you and your referral will both earn a $50 bonus when they fulfill all the requirements.

How to Avoid Monthly Fees

Free Checking: There are no monthly service fees for this account.

Bottom Line

Make sure you check out Preferred Credit Union to learn more about the $50 referral bonus. Don’t forget this bonus will be reported on form 1099-INT. Be sure to take advantage of this opportunity before it expires!

Feel free comment below and let us know about how it went and  if you could fund your account with credit card or not. We value your feedback and will continue to keep you posted on the latest bank offers nationwide. If you would like to see more, check out our full list of Bank Referrals for all your banking needs.