Farmers Insurance Federal Credit Union Bonus: Earn $110 Per Referral & $5 Monthly Cash Back

Learn how to earn up to $110 in referral bonuses and a $5 monthly cash back with Farmers Insurance Federal Credit Union. Maximize your savings today!

Introduction: Farmers Insurance Federal Credit Union Bonus

Are you an existing member looking to maximize your banking rewards with Farmers Insurance Federal Credit Union (FIGFCU)? They’re offering a referral bonus that you can earn today!

Earn up to $100 through their Refer-A-Friend Program and an additional $5 monthly cash back with the CashBack Checking Account—many members are already enjoying these benefits.

Our comprehensive guide will show you exactly how to qualify and maximize these rewards, helping you boost your savings effortlessly. Ready to take advantage of these great offers? Let’s get started!

See the bottom of this page for more offers.

FIGFCU Bonus Offer

• What you’ll get: Up to $110 per referral plus $5 monthly cash back
• Where it’s available: Nationwide via membership
• How to earn it:
  • Refer Friends and Family: Share your referral information with friends and family who meet the membership qualifications.
    • Earn Referral Bonuses: Receive $50 when your referral opens a checking account with a $1,000 direct deposit for 2 consecutive months. Earn an additional $50 when they open a savings account with a $10,000 deposit.
    • Extra Bonus for Loyalty Program Members: If you’re part of the FIGFCU Your Rewards Loyalty Program, you can earn an extra $10 per referral, bringing the total to $110 per referral.
    • Unlimited Referrals: There is no limit to the number of referrals you can make or the amount of bonus cash you can earn.
    • Earn $5 Monthly Bonus with CashBack Checking Account
  • Open a CashBack Checking Account: Start with a minimum deposit of $20.
    • Meet Monthly Requirements:
      • Receive a $1,000 ACH direct deposit each month.
      • Make 10 debit card purchases each month.
      • Sign up for eStatements.
    • Receive Monthly Bonus: As long as you meet these qualifications each month, you’ll receive a $5 cash back credit on your statement.
• When it expires: None listed

Fine Print

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.

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Our Take On the Bank Offer

While not the most lucrative of bonuses, but if you’re a member of FIGFCU it is an easy way to earn a little extra cash to your account.

You can find more referral bonuses here. Or read more to find bank or investment bonuses below.

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.

By John Huynh, with over two decades in finance and investing, including as a Senior Finance & Operations Manager at a renowned research institute and degrees in Economics and International Studies from UC Irvine. Edited by Tony Jay, an experienced finance blogger and Executive Editor with two decades in banking, specializing in online banking and savings strategies. Tony holds a doctorate from Tulane University.