BMI Federal Credit Union Promotions: $100, $200 Checking, Referral Bonuses [OH]

Find the latest listing of BMI Federal Credit Union promotions, bonuses, and offers here.

Typical offers include their $200 bonuses with a new Checking Account and $100 bonus for referring new members.

Update 9/5/24: The $100 referral bonus is back and extended through 12/31/24. The $200 checking bonus offer has recently been extended through 12/31/24.

BMI Federal Credit Union Promotions Review

I’ll go over BMI Federal Credit Union offers below.

BMI Federal Credit Union $200 Checking Bonus 

• What you’ll get: $200 bonus
• Availability: OH (Bank Locator)
• Direct Deposit Requirement: No
• Credit Inquiry: Mixed Data Points
• Monthly Fees: None
• Early Termination Fee: Bonus forfeit if closed within 6 months.
• How to earn it:
  • Enter promo code ADD24 when applying online or mention when applying in person.
  • Cash bonus of $100 will be deposited in the member’s savings account within 10 business days after all qualifications have been met.
  • The following requirements must be met in the first 90 days after the account is opened:
    • 1) Open and deposit $20.00 into a new free checking account.
    • 2) Make a minimum of 30 Visa debit card transactions of at least $5 each in the first 90 days.
    • 3) Sign up for electronic statements.

(Offer expires 12/31/2024)

Editor’s Note: Be sure to check out this alternative link to access this bonus as well.

Fine Print

• Enter promo code ADD24 when applying online or mention when applying in person.
• Cash bonus of $100 will be deposited in the member’s savings account within 10 business days after all qualifications have been met.
• The following requirements must be met in the first 90 days after the account is opened: 1) Open and deposit $20.00 into a new free checking account. 2) Make a minimum of 30 Visa debit card transactions of at least $5 each in the first 90 days. 3) Sign up for electronic statements.
• Cash bonus may be considered income and reported on 1099-MISC or 1099-INT. Offer not valid on Starting Over Checking, Platinum checking, or Business accounts.
• This offer is not available to those with fiduciary accounts, those who have closed an account within 60 months, or have a negative balance.
• Checking account must remain open for a minimum of 6 months or the bonus will be debited from the account at closing.
• Offer cannot be combined with other checking offers.
• Membership eligibility and account requirements apply.
• BMI FCU is open to everyone who lives, works, worships, or attends school in Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware, or Morrow County. Federally Insured by NCUA.
• BMI FCU may amend, suspend, or discontinue this offer at any time without notice.
• Offer ends December 31, 2024.

BMI Federal Credit Union $100 Referral Bonus

• What you’ll get: $100 bonus
• Availability: OH (Bank Locator)
• Direct Deposit Requirement: No
• Credit Inquiry: Mixed Data Points
• Monthly Fees: None
• Early Termination Fee: Bonus forfeit if closed within 6 months.
• How to earn it:
  • Existing Member: New member must mention name of referring member when account is opened. Cash bonus of $200 will be deposited to referring member’s savings account within 10 business days after the New Member Offer is qualified. Cash bonus may be considered income and reported on 1099-MISC or 1099-INT.
  • New Member: Enter promo code FRIEND24 and existing member’s name when applying online or present this card when opening account in person. Cash bonus of $300 will be deposited in the new member’s savings account within 10 business days after all qualifications have been met. The following requirements must be met in the first 90 days after the account is opened:
    • 1) Open and deposit $20.00 into a new checking account.
    • 2) Make a minimum of 30 Visa debit card transactions of at least $5 each in the first 90 days.
    • 3) Sign up for electronic statements.

(Offer expires 12/31/2024)

Fine Print

• Refer A Friend Program – Existing Member: New member must mention name of referring member when account is opened.
• Cash bonus of $200 will be deposited to referring member’s savings account within 10 business days after the New Member Offer is qualified.
• Cash bonus may be considered income and reported on 1099-MISC or 1099-INT.
• New Member: Enter promo code FRIEND24 and existing member’s name when applying online or present this card when opening account in person.
• Cash bonus of $300 will be deposited in the new member’s savings account within 10 business days after all qualifications have been met.
• The following requirements must be met in the first 90 days after the account is opened: 1) Open and deposit $20.00 into a new checking account. 2) Make a minimum of 30 Visa debit card transactions of at least $5 each in the first 90 days. 3) Sign up for electronic statements.
• Cash bonus may be considered income and reported on 1099-MISC or 1099-INT.
• Offer not valid on Business accounts.
• This offer is not available to those with fiduciary accounts, those who have closed an account within 60 months, or have a negative balance.
• Checking account must remain open for a minimum of 12 months or the bonus will be debited from the account at closing.
• Offer cannot be combined with other checking or add-on bonus offers.
• Membership eligibility and account requirements apply.
• BMI FCU is open to everyone who lives, works, worships, or attends school in Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware, or Morrow County.
• Federally Insured by NCUA. BMI FCU may amend, suspend, or discontinue this offer at any time without notice.
• Offer ends December 31, 2024.

How To Avoid Monthly Fees

• Free Checking: None
• Platinum Checking: $4.95 monthly fee, waivable if account balance stays above $2,500.00
• Starting Over Checking: None

Author’s Verdict

To summarize, BMI Federal Credit Union has some of the best promotions, bonuses, and offers in Ohio. However, keep in mind that waiving the monthly service fees can be difficult if you cannot meet the high account requirements.

For more current offers, check out our bank bonuses page. Compare BMI Federal Credit Union rates for CDs and Savings with our best rates for Savings and CD accounts.

Be sure to check more popular bank promotions include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.