Inova Federal Credit Union Offer

Bonus Details

Receive a $250 cash bonus when you open a new INOVA checking account and complete the required direct deposit and debit card activity. The bonus is deposited into your new checking account within 14 days of meeting the requirements.

How To Qualify

Open a new INOVA consumer checking account with $10. Within 60 days, receive at least one direct deposit of $200 or more and complete eight debit card transactions. New and existing members qualify, but existing checking holders and members whose checking accounts closed within the previous 90 days or with a negative balance are excluded. Membership and at least one owner age 18+ are required; limit one offer per household and two checking bonuses per member's lifetime.

APY Details

The promotion advertises checking yields from 0.07% to 4.00% APY, depending on the account type and account balance requirements. No single APY applies to all eligible checking accounts.

The Fine Print

Monthly Fees: None
Household Limit: 1
Account Type: Personal Bank Account
Expiration Date: 11/30/2026
Availability: Indiana

Monthly Fee Details

Simply Free Checking has no monthly service charge or minimum balance requirement. Other checking products may have additional requirements. Out-of-network ATM transactions cost $2; use INOVA, Alliance One or CO-OP ATMs to avoid this fee.

Official offer terms

Source wording for the promotion. View official source Recorded Invalid Date.

1To qualify for the $250.00 Cash Bonus, you must be a NEW checking account holder with INOVA, receive at least one direct deposit of at least $200 in your new checking account and have at least 8 debit card transactions within first 60 days of account opening. After the requirements have been met, your Cash Bonus will be deposited into your new checking account within 14 days. Limit one offer per household. Minimum opening deposit for checking accounts is $10.00. Additional requirements may apply based on checking account product selected at time of account opening. This promotional offer is available to new and existing INOVA members. Checking accounts must have at least one owner 18 years or older. Offer is not available to members whose checking accounts have been closed within previous 90 days or closed with a negative balance. Offer valid only for consumer checking accounts. Business checking accounts are not eligible for this promotion. Limit of two (2) checking account bonuses per member during the lifetime of membership. Membership at INOVA Federal Credit Union required. Offer expires November 30, 2026. The dividend rate range for checking accounts is 0.07% - 4.00% APY (Annual Percentage Yield) based on account type and account balance requirements. 3To avoid paying a fee, choose any INOVA FCU ATM, Alliance One or CO-OP Network ATM across the nation. Foreign ATM transactions will be charged $2 per transaction.

Disclosure

To qualify for the $250.00 Cash Bonus, you must be a NEW checking account holder with INOVA, receive at least one direct deposit of at least $200 in your new checking account and have at least 8 debit card transactions within first 60 days of account opening. After the requirements have been met, your Cash Bonus will be deposited into your new checking account within 14 days. Bonuses may be taxable and reported on IRS form 1099INT (or Form 1042-S, if applicable). Consult your tax advisor. Limit one offer per household. Minimum opening deposit for checking accounts is $10.00. Additional requirements may apply based on checking account product selected at time of account opening. This promotional offer is available to new and existing INOVA members 18 years or older, but not for members whose accounts have been closed within previous 90 days or closed with a negative balance. Members are limited to no more than two (2) checking account bonus payments over the lifetime of their membership with the credit union. Membership at INOVA Federal Credit Union required. Offer expires November 30, 2026.