If you’re looking for a bank bonus that rewards both new direct deposits and larger cash balances, Verve, A Credit Union is offering a checking bonus worth up to $600 for new members. The promotion is available on accounts opened through December 31, 2026, and can be especially attractive if you already have $10,000 in savings that you don’t mind keeping at Verve for a period of time.
The offer is only available locally. If you’re looking for offers available nationwide, check out our top picks here—including huge offers from Chase, CIT Bank and Axos Bank that you won’t want to miss!
Verve Credit Union $600 Bonus at a Glance
| Feature | Details |
|---|---|
| Bonus | Up to $600 |
| Availability | Wisconsin, Minnesota & Illinois |
| Expiration | December 31, 2026 |
| Direct Deposit Required | Yes ($1,000+) |
| Minimum Deposit Requirement | $10,000 for maximum bonus |
| Monthly Fee | $0 (Essential Checking) |
| Early Closure Fee | $25 if closed within 90 days |
How to Earn the Full $600 Bonus
The bonus is paid in three separate parts.
Step 1: Earn $200
Open a new eligible Verve checking account and receive at least $1,000 in qualifying ACH direct deposits within your first two full calendar months after opening the account.
Bonus: $200
Step 2: Earn Another $200
Maintain an average monthly balance of at least $10,000 across qualifying Verve deposit accounts during your first three full calendar months.
Eligible accounts include:
- Checking
- Savings
- Money Market
- Certificates (CDs)
- IRA
- HSA
Bonus: Additional $200
Step 3: Earn the Final $200
Continue maintaining an average balance of $10,000 in qualifying deposit accounts through your first 12 full calendar months.
Bonus: Final $200
Trending Checking Account Deal:
Membership Requirements
To qualify for this promotion you must:
- Be a new Verve member.
- Not have had a Verve Checking or Membership Share account within the past 18 months.
- Open the required Membership Share Savings account with a $5 membership share deposit.
- Keep your checking account open and in good standing until each bonus is paid.
Monthly Fees
Verve offers two primary checking options.
Essential Checking
- No monthly maintenance fee
- Best choice if you’re only pursuing the initial $200 direct deposit bonus.
Optimum Checking
- $15 monthly fee
- Fee waived by either:
- Maintaining a $10,000 average combined deposit balance, or
- Having a Verve credit card.
Optimum Checking also pays 2.50% APY if monthly requirements are met, including qualifying direct deposits and eStatements.
Early Account Closure Fee
Verve charges a $25 early account termination fee if the account is closed within 90 days of opening.
Is the Bonus Worth It?
The answer depends on whether you already have $10,000 sitting in cash.
If your goal is simply to collect an easy bank bonus, the first $200 is relatively straightforward and only requires qualifying direct deposits.
The additional $400, however, requires tying up $10,000 for an extended period. Before doing so, compare what that money could earn elsewhere.
One interesting option is using one of Verve’s qualifying certificates of deposit. According to early reports, the credit union offers a 13-month CD paying around 4.10% APY, allowing your deposit to earn competitive interest while still qualifying for both balance-based bonuses. This makes the full promotion considerably more attractive than leaving the money in a low-interest checking account.
Taxes
Like virtually all bank account bonuses, this promotion is considered taxable income. Verve reports bonus payments on IRS Form 1099-INT, so you’ll generally need to include the bonus on your federal tax return.
See the Best Checking & Savings Account Bonuses and Start Earning Free Cash Today
Final Thoughts
The Verve Credit Union promotion is a solid offer for anyone eligible for membership in Wisconsin, Minnesota, or Illinois.
- Easy $200: Worth considering if you can complete the direct deposit requirement.
- Full $600: Best suited for savers who already have $10,000 available and don’t mind keeping it at Verve for up to a year.
- Even Better: If you can park your money in one of Verve’s competitive CDs while still qualifying for the bonus, the overall return becomes much more compelling.
For customers looking to maximize bank bonuses while earning competitive interest, this is one of the stronger regional credit union promotions currently available.
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