Take a look at our updated list of Purdue Federal Credit Union promotions, bonuses and offers here!
Update 03/17/24: There is a new $400 bonus when you open a qualifying account and meet all the requirements.
About Purdue Federal Credit Union Promotions
Purdue Federal Credit Union is headquartered in West Lafayette, Indiana. It was established in 1969 and has around 80,000 members at 13 locations. Another benefit worth mentioning is that their money market rates are 4X the national average!
| Eligibility: Purdue alumni, relatives of current members, and employees of our business affiliates are eligible for Purdue Federal membership. See membership details |
I’ll review the current offers below.
Purdue Federal Credit Union $400 Checking Bonus
Take advantage of a $400 sign up bonus for a new checking account.
- What you’ll get: $400 bonus
- Account Type: Checking Account
- Availability: IN (Bank Locator)
- Direct Deposit Requirement: Yes, $4000+ (see what works)
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown
- Credit Card Funding: Up to $250
- Monthly Fees: None
- Early Account Termination Fee: Bonus deducted if closed within 6 months
- Household Limit: None listed
(Expires 12/31/2024)
| 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
- Open a new checking account digitally or in person by December 31, 2024.
- To qualify for bonus, accountholder must be 18 years or older, new to Purdue Federal, eligible to open a new checking account, have direct deposit, and enroll in paperless statements. $
- 5 deposit in Member Ownership Share required.
- $25 minimum opening deposit for checking account required.
- $400 bonus offer valid March 1, 2024 to December 31,2024 for accounts opened with a Lake or Porter County, Indiana zip code or those who meet other qualifiers for membership through LaPorte County, Indiana.
- To qualify for bonus, accountholder must be 18 years or older, new to Purdue Federal, eligible to open a new checking account, have direct deposit, and enroll in paperless statements. $5 deposit in Member Ownership Share required. $25 minimum opening deposit for checking account required.
- Direct Deposit is defined as an aggregate of $4,000 or more in ACH deposits within 120 days of account opening. Bonus will be deposited into checking account within 10 business days after all conditions have been met. Social Security Number required for accountholder to receive bonus.
- Bonus is considered interest and will be reported on IRS Form 1099-INT. Existing members, HSA accounts, and business accounts not eligible to receive bonus offer.
- If the account is closed within 6 months of account opening, the $400 bonus will be deducted from the account at closing. This offer cannot be combined with any other promotion.
- Membership can be opened in one of our branches or online at purduefed.com.
Purdue Federal Credit Union $100 Savings Bonus
New members to this credit union can take advantage of a $100 savings bonus for a new savings account.
- What you’ll get: $100 bonus
- Account Type: Savings Account
- Availability: IN
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Up to $250
- Monthly Fees: None
- Early Account Termination Fee: Bonus deducted if closed within 6 months
- Household Limit: None listed
(Limited time offer)
| Western Alliance Bank High-Yield Savings Premier (5.31% APY) | SoFi Checking & Savings ($325 Bonus + 4.60% APY) |
| Upgrade Premier Savings ($200 Bonus + 5.21% APY) | CloudBank 24/7 High Yield Savings (5.24% APY) |
| RBMAX High Yield Savings (5.15% APY) | Harborstone Credit Union Money Market (5.25% APY) |
| Ponce Bank Money Market (5.26% APY) | CIT Bank Platinum Savings (5.00% APY) |
| Hanover Bank Money Market (5.30% APY) | |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Open an Emergency Savings Account (with $0)
- You’ll get a $50 boost in your Emergency Savings Account after:
- Your month-end emergency savings balance is equal to or greater than $500 (after three months)
- Three auto transfers (set up by a Purdue Federal staff member)
- Get another $50 boost when your month-end emergency savings balance is equal to or greater than $1,000
- A one-time bonus of $50 will be paid when the balance meets $500 and $1000 threshold respectively, maximum bonus total of $100. Minimum of 1 recurring automatic transfer deposit set up by a credit union member services representative in 3 separate months is required to earn bonus. Paperless statements on same membership required to earn bonus. Bonus will be paid no later than the fifth day of the month immediately following the qualifying month. Bonus is a considered interest and will be reported on IRS Form 1099-INT. Social Security Number required for account holder to receive bonus. Member must maintain a checking account on the same membership as the Emergency Savings Account. If the related checking account is closed for two consecutive months the Emergency Savings Account will convert to a special savings account. Limited to one Emergency Savings Account per membership. Not available to businesses. Membership eligibility required.
Purdue Federal Credit Union $50 Referral Bonus
Take advantage of a $50 bonus when referring friends and family to open a new checking account.
- What you’ll get: $50 bonus
- Account Type: Checking Account
- Availability: IN
- Direct Deposit Requirement: No (see what works)
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Up to $250
- Monthly Fees: None
- Early Account Termination Fee: Bonus deducted if closed within 6 months
- Household Limit: None listed
(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
- Log in to digital banking.
- Click Refer a Friend under Accounts
- Enter your friend’s email address to send an invitation with your personal code.
- $50 cash bonus will be credited to the primary share savings account within 10 business days after the Referred has opened their qualifying Purdue Federal membership.
- Referring Member will earn $50 cash bonus for each qualifying New Member (Referred) who opens a new membership with checking account, up to a maximum $500.
- Referred must submit valid referral code during application process.
- Both Referring Member and Referred must be 18 years of age or older and have a valid social security number.
- Bonus is tax reportable on IRS Form 1099-INT. Business and HSA accounts not eligible.
- Accounts must be in good standing: no loan delinquency or negative shares at time of referral and crediting of bonus, no account restrictions, and caused no loss(es) to Purdue Federal.
- We reserve the right to change or cancel the promotion without notice. Membership eligibility required.
Purdue Federal Credit Union $150 Checking Bonus (SEG Employees)
New SEG Employees to this credit union can take advantage of a $150 sign up bonus for a new checking account.
- What you’ll get: $150 bonus
- Account Type: Checking Account
- Availability: IN (Bank Locator)
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Up to $250
- Monthly Fees: None
- Early Account Termination Fee: Bonus deducted if closed within 6 months
- Household Limit: None listed
(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
- Start by applying online or in a branch.
- Open a savings account and deposit your $5 membership share in the credit union.
- Open a checking account and deposit your $25 minimum for account opening.
- Complete the qualifications: Have direct deposit, debit card, make 10 transactions, and enroll in paperless statements.
- Bonus offer valid for promotional period only.
- To qualify for bonus, account holder must be new to Purdue Federal and eligible through promoted Select Employee Group (SEG) below, and eligible to open a new primary share savings and checking account.
- Must also have direct deposit, a debit card on the account, be enrolled in paperless statements, and make 10 member-initiated transactions.
- $5 membership share deposit into primary share savings account required.
- Primary share savings currently earns 0.05% APY (APY=Annual Percentage Yield); $5.01 minimum balance to earn.
- $25 minimum opening deposit for checking account.
- Direct Deposit is defined as an aggregate of $400 or more in ACH deposits each month for two months within 90 days of account opening.
- Bonus will be deposited into primary share savings account within 10 business days after all conditions have been met.
- Social Security Number required for account holder to receive bonus.
- Bonus is considered interest and will be reported on IRS Form 1099-INT.
- Existing members, HSA accounts, and business accounts not eligible to receive bonus offer.
- If the account is closed within 6 months of account opening, the $150 bonus will be deducted from the account at closing.
- This offer cannot be combined with any other promotion.
- Membership can be opened in one of our branches or online at purduefed.com.
How To Waive Monthly Fees
- Sensible Checking Account: None
- Student Checking Account: None
- Ivy Tech Student Checking: None
- Business Checking: $5, waived w/ paperless statements
- Commercial Checking: $5, waived w/ paperless statements
- Dividend Checking: $5, waived w/ paperless statements
- Gold Checking: $5, waived w/ paperless statements
- Nonprofit Checking: $5, waived w/ paperless statements
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Bottom Line
Lastly, this promotion is definitely worth a look if you are interested in this credit union. However, with it being a credit union in one state, the offer would only be available to a handful of readers.
Furthermore, we value your feedback and will continue to keep you posted on the latest bank offers nationwide.
Additionally, CDs and Savings accounts are a great way to save money. Furthermore, check out our full list of some of the best Bank Rates and CD Rates nationwide.
Compare Purdue Federal Credit Union Promotions with other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, Bank of America, Wells Fargo, and more!
Therefore, check back often for the latest Purdue Federal Credit Union promotions, bonuses, and offers!
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