CommonWealth Central Credit Union Promotions: $100, $200 Checking, Referral Bonuses (CA)

Find an updated list of the latest CommonWealth Central Credit Union promotions, bonuses, and offers here.

Update 12/13/24: There’s currently a $200 checking bonus available when opening a new Rewards Checking account using promo code EARNMORE through 12/31/24.

CommonWealth Central Credit Union Promotions Review

CommonWealth Central Credit Union was established in 1958 and since then, it had grown to 40,211 members at 6 locations. The credit union is a not-for-profit, member-owned cooperative dedicated to the financial well-being of their members. They offer a full range of financial services from savings and checking accounts to loans and credit cards. CommonWealth Central Credit Union has an A health rating.

I’ll go over the CommonWealth Central Credit Union offers below.

CommonWealth Central Credit Union $200 Checking Bonus

• What you’ll get: $200 bonus
• Where it’s available: CA
• Direct deposit requirement: No
• Credit inquiry: Hard Pull
• Monthly fees: None
• Early termination fee: Unknown
• How to earn it:
  • Open a new Rewards Checking using promo code EARNMORE

(Expires 12/31/2024)

Fine Print

• Special offer applies to new checking accounts only.
• Subject to $200 fee for closing checking account within 6 months.
• All new accounts will be verified by Chex Systems.
• Cash or non-cash gifts in excess of $10 are subject to IRS reporting on form 1099-INT.
• Offer expires 12/31/2024
• Offer is subject to cancellation without notice and cannot be combined with any other offer.
• Use promo code EARNMORE.

CommonWealth Central Credit Union $100 Referral Bonus

• What you’ll get: 
  • Referrer earns $100 bonus
  • Referee / Person being referred earns $100 bonus
• Where it’s available: CA
• Direct deposit requirement: No
• Credit inquiry: Hard Pull
• Monthly fees: None
• Early termination fee: Unknown
• How to earn it:
  • Refer your family, friends, co-workers, neighboys, or anyone you know to Commonwealth
  • When they become a member at the credit union and open a new Checking Account, you will both earn $100

(Limited time offer)

Fine Print

• Membership in CommonWealth required.
• Valid for new members and new checking only.
• Limit one new checking account per new member.
• Subject to $100 fee for closing account within 6 months.
• All new accounts will be verified by Chex Systems.
• Members with an existing CommonWealth checking account are not eligible.
• Referred member receiving cash or non-cash gifts in excess of $10 are subject to IRS reporting on form 1099-INT.
• Referrer receiving cash or no-cash gifts in excess of $600 are subject to IRS report on form 1099-NEC.
• Offer is subject to cancellation without notice and cannot be combined with any other offer.
• Maximum 5 referrals per household.

How to Avoid Monthly Fees

• Reward Checking: None
• Free Checking (With eStatements): You must opt-in to eStatements to have the $2 monthly service charge waived
• Premium Checking: $7 monthly fee. Waived with Financial Partnership or with an average daily balance of $600 or more
• Wealth Checking: $10 monthly fee. Waived with Financial Partnership or with an average daily balance of $2,500 or more
• Business Access 100: There is no monthly fee with an average daily balance of $2,500 or more
• Business Imperium: This is the checking account with no monthly fee for businesses that keep an average daily balance of $5,000 or more

Author’s Verdict

CommonWealth Central Credit Union offers some great checking accounts, some with no monthly fees. If you are able to become a member, you should definitely consider opening an account with this credit union. Both the referral bonus and checking bonus are very easy to achieve, and they give amazing bonus amounts.

For more current offers, check out our bank bonuses page. Compare CommonWealth Central 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.