Find an updated list of Northwest Federal Credit Union promotions, bonuses, and offers here.
Currently, they have a $400 bonus when you open a new account and meet all the requirements.
About Northwest Federal Credit Union Promotions
Northwest Federal Credit Union provides banking services. The Union offers services such as trust accounts, credit cards, auto, and business loans, checking and savings accounts, mortgage, internet, and mobile banking, remote deposits, and retirement plans.
| Eligibility: Membership in Northwest Federal Credit Union is open to anyone by joining the Florida Literacy Coalition ($10 membership fee). Membership is also open to employees of the Central Intelligence Agency, the National Reconnaissance Office, Office of the Director of National Intelligence, personnel assigned or detailed to the Department of Homeland Security, and people retired from these agencies and to employees of member companies and members of partner organizations. See current membership details |
I’ll review the Northwest Federal Credit Union Promotions below.
Northwest Federal Credit Union $400 Checking Bonus
Northwest Federal Credit Union is offering a $400 bonus when you open a new qualifying checking account!
- What you’ll get: $400 bonus
- Account Type: Checking
- Availability: VA (Bank Locator)
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Soft Pull
- ChexSystem: Unknown
- Credit Card Funding: Up to $520
- Monthly Fees: $0-$10; waivable
- Early Account Termination Fee: None listed
- Household Limit: One
(Limited time offer)
| BMO Smart Money Checking ($300 cash bonus) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | Fifth Third Bank Preferred Checking ($300 bonus) |
| HSBC Premier Checking (Up to $2,500 Cash Bonus), | |
How To Earn Bonus
- Open your first-ever Northwest consumer checking account with direct deposit
- Make a minimum deposit of at least $500 in ACH or direct deposits per month within the first 90 days
- Limited time offer, subject to change without notice.
- To earn a $400 deposit into your checking account during the first 90 days after opening your first ever consumer checking account with Northwest Federal, you must: be 18 years of age or older, be in good standing, and make a minimum of $500 in direct deposits or ACH deposits into the checking account each month for three months.
- If all requirements are met and once your checking account has been open for 90 days, you will receive your deposit into the checking account within 30 days.
- Cannot be combined with other offers. APY = Annual Percentage Yield.
- Elite Checking has an APY of .07% if $1,000 or more is deposited each month, and Kasasa Cash® Checking has an APY ranging from 4.00%-1.38% depending on the account balance (assumed balance of $100,000 used for example).
- Kasasa Cash® Checking requires $100 minimum deposit to open and qualifications must be met to earn dividends.
- Choice Checking and Kasasa Cash Back® Checking also eligible for bonus.
- Fees may reduce earnings on accounts.
- Rate may change after the account is opened.
- Member responsible for possible tax implications.
- Rates current as of 10/31/23 and are subject to change without notice.
- To learn more about account requirements visit nwfcu.org/greatchecking.
Northwest Federal Credit Union $25 Youth Club Account Bonus
Northwest Federal Credit Union $25 Youth Club Account Bonus
For residents of Virginia, Northwest Federal Credit Union is offering you an opportunity to earn $25 Youth Club Account Bonus! Take advantage of this amazing opportunity while you can.
- What you’ll get: $25 bonus
- Account Type: Saving Account
- Availability: VA (Bank Locator)
- Direct Deposit Requirement: No
- Credit Inquiry: Soft Pull
- ChexSystem: Unknown
- Credit Card Funding: Up to $520
- Monthly Fees: None
- Early Account Termination Fee: None listed
- Household Limit: One
(No expiration date listed)
| BMO Smart Money Checking ($300 cash bonus) | BMO Smart Advantage Checking ($300 cash bonus) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| Fifth Third Bank Momentum® Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | Truist Checking ($400 bonus) |
How to Earn Bonus
- Complete a Youth Membership Application to open a Youth Club Account today
- Receive $25 as a bonus when your First Rewards savings account balance reaches $500.
- You will receive $25 as a bonus when your First Rewards savings account balance reaches $500.
- The $25 bonus will be credited to the savings account by close of business on the first day the balance reaches $500.
- Offer limited to one bonus per member.
- The bonus will be reported on the member’s year-end 1099-INT statement
How To Waive Monthly Fees
- Kasasa Cash Checking: None
- Kasasa Cash Back Checking: None
- Choice Checking: None
- Elite Checking: $10 monthly fee, waived with average daily balance of $5,000+
- Basic Business Checking: None
- Business Dividend Checking: $20 monthly fee, waived with a $5,000 minimum daily balance.
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Bottom Line
Northwest Federal Credit Union offers great promotions for you to earn money over time. They also offer online and digital banking, so you’ll be able to access your money anywhere at any time! You can have peace of mind knowing your money is insured by the NCUA.
Your feedback is highly appreciated and makes our site even better!
While they have a generous bonus, Northwest Federal Credit Union doesn’t have great rates for CDs and Savings. You may want to check out our full list of Bank Rates and CD Rates.
*Check back at this page for updated Northwest Federal Credit Union promotions, bonuses and offers.
Thank you for providing this update Annie!
This is a soft pull promotion for those wondering
Please remove Northwest Federal Credit Union from your blog of great bank offers. This promo is NOT valid to new customers.
This was a very targeted promo only via snail mail to specific existing customers.
People looking to transfer their money to this bank or switch to this bank will NOT get the offer. The most you will get currently is $65 only IF you make 3 consecutive $500 deposits by 7/31/12.
NOT worth it to me since there are better bank promos out there.
Bad news for anyone trying to cash in on offer. I applied online and NWFCU contacted me. The offer was a targeted mailout to existing NWFCU account members to get them to sign-up for direct deposit. Each member got a specific logged letter with $1 attached. I asked them if they would still let me have the offer as a new account and they would not. The service rep did say that their promotion was put out on a lot of blogs and they had been getting lots of folks applying b/c of it, but unfortunately they wouldn’t get the bonus either. Not sure if anyone else was able to convince them.
YMMV. Not exactly sure. May be targeted.
Is this a Nationwide bonus, or do you need to live in Virginia to qualify?