Looking for a straightforward bank bonus without the usual headaches? Indiana State University Federal Credit Union is offering $150 bonus cash when you open either their Essential Share Draft or Elevate Checking account—and the requirements are refreshingly simple.
This offer is available for residents of Indiana and Illinois. Looking for easy cash bonuses available nationwide? Our guide to the best bank bonuses has huge offers from BMO & Chase—grab them before they’re gone!
How to Earn Your $150 Bonus
Here’s exactly what you need to do:
The Process:
- Open an Essential Share Draft or Elevate Checking account with debit card
- Set up direct deposit within 45 days of account opening
- Register for electronic statements through online banking
- Receive your $150 bonus cash after your first direct deposit hits
Key Details:
- Must be a new checking account
- Bonus paid after first direct deposit is received
- Account must be successfully registered for e-statements
- Limited time offer (credit union reserves right to discontinue anytime)
Trending Savings Account Deal:
Your Two Account Options
Essential Share Draft (The Simple Choice):
- No monthly fees (just $5 inactivity fee after 6 months with no transactions)
- No minimum balance requirement
- Unlimited check writing
- Free online bill pay
- Free Mastercard debit/ATM card
- Access to 55,000+ surcharge-free ATMs
- Monthly statements (mailed or emailed)
- Overdraft protection available
Elevate Checking (The High-Yield Option):
- Earns dividends on balances up to $10,000
- Same great features as Essential Share Draft
- Digital-only with mandatory e-statements
- Three simple monthly requirements:
- At least one external electronic deposit
- Enroll in e-statements
- Minimum five ATM withdrawals or debit transactions
What Makes This Offer Stand Out
Here’s the truth: most credit union bonuses get overlooked, but they often provide better value than big bank offers. Indiana State University FCU’s approach is different—they’re focused on member benefits, not shareholder profits.
The best part? You get access to over 55,000 surcharge-free ATMs nationwide through AllianceOne and Allpoint networks. That means free ATM access at Kroger, Walgreens, CVS, Circle K, and thousands of other locations.
Bonus Feature for Current Members:
Already a member? You can trade in your current debit card for the official Indiana State University debit card—completely free.
Trending Checking Account Deal:
Important Considerations
Eligibility Requirements:
- Must meet Indiana State University FCU membership requirements
- New checking account holders only
- Must be able to set up direct deposit within 45 days
Timeline:
- Limited time offer with no specified end date
- Direct deposit must be established within 45 days
- Bonus paid after first direct deposit is received
Why This Matters
Remember: credit unions typically offer better rates, lower fees, and more personalized service than traditional banks. The $150 bonus is just the beginning—you’re gaining access to a financial institution that prioritizes member value.
Additional Perks:
- Free online bill pay
- Overdraft protection options
- Privilege Pay for qualified members
- No minimum balance requirements on either account
The Fine Print
- Replacement debit cards cost $10
- $5 monthly inactivity fee after 6 months with no transactions
- Elevate Checking dividend rate only applies to balances up to $10,000
- Credit union reserves right to discontinue offer at any time
Bottom Line
This is a solid bonus offer from a member-focused credit union. The requirements are straightforward, the accounts come with genuine benefits, and $150 is meaningful money for basic banking activities you’d do anyway.
The decision factors:
- Can you meet membership eligibility requirements?
- Are you comfortable with direct deposit setup?
- Do you prefer simple banking (Essential) or want to earn dividends (Elevate)?
Ready to claim your $150? Contact Indiana State University Federal Credit Union at (812) 234-1021 or visit their branch at 444 N. 3rd Street in Terre Haute to get started.
Want to learn more about membership eligibility? Check their website or give them a call—they’re known for helpful, personalized service that big banks simply can’t match.
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