Admin Heads up, deal hunters: Farmers Insurance Federal Credit Union (FIGFCU) is paying a $1,500.00 bonus to new customers who open the FIGFCU Business Checking and meet the requirements below. This one is for business members — membership eligibility and account approval are required, and a $5 business membership savings deposit is needed to join. Confirm eligibility on FIGFCU’s site before applying.
How you earn it: Deposit $5,000-$14,999 in new money within 30 days of opening to earn a $400 bonus; $15,000-$49,999 earns $750; $50,000-$99,999 earns $1,000; $100,000 or more earns $1,500; Maintain the tier’s required average daily balance from day 31 through day 90 after opening; Complete any 5 qualifying transactions within 90 days — debit card purchases, ACH, wires, bill pay, or desktop/mobile deposits; Enroll in digital banking and eStatements within 90 days of opening; Open by December 31, 2026; limit one bonus per Tax ID; bonus is paid up to 45 days after the 90-day qualification period into the Business Membership Savings account. The requirements are straightforward — no direct deposit needed, just the deposit, five qualifying transactions, and digital banking enrollment.
Who’s it for? A small business with cash to park for 90 days — the bonus scales with the deposit, so even the $5,000 entry tier pays $400. Note the account itself: Basic business checking carries a $10 monthly fee, waived with a $5,000 average daily balance, so the fee picture depends on the balance you keep.
No promo code needed — just open the account through the bank’s offer page during the promotional period and complete the requirements.
Pros and cons
- Pro: Up to $1,500 — one of the biggest business checking bonuses available right now
- Pro: No direct deposit requirement — a new-money deposit plus five everyday transactions earns it
- Pro: Lowest tier starts at a $5,000 deposit for a $400 bonus
- Pro: No early account termination fee
- Con: Business accounts only — this is not a personal checking bonus
- Con: Membership eligibility and account approval required — confirm you qualify before applying
- Con: Basic business checking has a $10 monthly fee unless you keep a $5,000 average daily balance
- Con: Top $1,500 tier needs $100,000 held for 90 days
- Con: Bonus is taxable as interest income
Bonus details
Bonus: $1,500.00 — for eligible business members — Bonus verified: 2026-11-05T17:19:00Z.
Bonus verified: 2026-11-05T17:19:00Z (UTC). Bonus paid up to 45 days after the 90-day qualification period, deposited to the Business Membership Savings account. Bank bonuses count as interest income, so you’ll owe taxes on the $1,500.00. Terms can change, so confirm the current offer on Farmers Insurance Federal Credit Union (FIGFCU)’s site before you apply.
