USAA is an organization that was founded in 1922 by 25 Army officers, and has grown to serve millions of U.S. military personnel and their families with financial products and services.
USAA offers competitive rates, excellent customer service, military-specific perks, and a solid digital experience. Membership1 is open to active duty, National Guard, reserves, veterans who served honorably, Cadets or Midshipmen; and spouses and children of USAA members1.
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USAA Classic Checking Account $200 Bonus
USAA Federal Reserve Bank is offering a $200 when you apply and open a new checking account and make a qualified direct deposit of $100 or more within 180 days of account opening.
You must be or become a USAA member1 to apply. Deposit products and services offered by USAA Federal Savings Bank, Member FDIC.
Bonus Offer Requirements:
- Apply and open your first USAA Classic Checking account with a minimum opening deposit of $25.
- Set up and receive a qualifying direct deposit of at least $100 within 180 days of account opening.
- Receive the bonus deposited into your USAA checking account within 60 days of making your qualifying direct deposit.
Offer Details
Availability: Nationwide (membership1 eligibility applies)
Expiration: 12/10/2024
Household Limit: None
Direct Deposit Required: Yes, $100+
Early Account Termination Fee: No
Eligibility
You’re eligible if you meet the following conditions:
- You, as the primary account holder, do not currently have a USAA FSB checking account (including USAA Youth Spending accounts) AND
- You, as the primary account holder, have not been a primary, secondary, or any other ownership of a USAA FSB checking account (including USAA Youth Spending accounts) in the 12 months prior to account opening AND
- The account is not titled as a trust account, estate accountt, Uniform Transfers to Minors Act account, or any other representative or fiduciary account.
- You, at the primary account holder, is the account holder whose U.S. taxpayer identification number is used for tax reporting purposes on the new account.
The account must remain open and in good standing through the time USAA attempts to deposit any earned bonus payment.
Checking Cash Promotion Offer Terms and Conditions
- Bonus Requirements and Payment: To qualify for the bonus, open a new USAA Classic Checking account between July 17, 2024, and Dec. 10, 2024, before 9 p.m. Central Standard Time, and receive a qualifying direct deposit of at least $100 into the account within 180 calendar days after account opening. If you open your account after 9 p.m. Central Standard Time, for the purposes of this offer, your account will be considered to be opened the next business day. Business days are Monday through Friday, excluding federal holidays. A qualifying direct deposit is a single Automated Clearing House, also known as ACH, electronic deposit of $100 or more. An electronic transfer initiated from your new USAA FSB checking account that instructs USAA FSB to pull funds from another financial institution into your account does not qualify as a direct deposit. Internal transfers between USAA FSB accounts do not qualify. We will attempt to deposit the $200 bonus into your qualifying new USAA Classic Checking account within 60 calendar days after the first qualifying direct deposit amount has been received. You are responsible for any federal, state, or local taxes due on the bonus and we will report the bonus as income to the tax authorities if required by applicable law. Consult your tax advisor.
- Additional Terms and Conditions: All account applications are subject to approval and may be subject to a $25 minimum opening deposit. For annual percentage yield or APY, refer to usaa.com/checking. For USAA Classic Checking accounts with a daily ledger balance of $1000 or more, the APY is 0.01%, accurate as of July 17, 2024. Rates may change at any time. Fees may reduce earnings. Offer can’t be paid without a valid U.S. taxpayer identification number or combined with any other offer related to checking accounts. This offer limited to one bonus per account, on first eligible account only. Offer cannot be reproduced, purchased, sold, transferred or traded. See the Depository Agreement and Disclosures for terms and conditions of your USAA Classic Checking account. Offer may be discontinued or changed at any time without notice.
Monthly Fees
There are no monthly service fees to worry about.
The Bottom Line
Great offer from USAA, a well-known and reputable financial services company. It’s a straightforward offer and something I’d strongly consider if eligible.
If you don’t qualify for membership1, there are hundreds of other bank account welcome bonuses available.
1 Use of the term “member” or “membership” refers to membership in USAA Membership Services and does not convey any legal or ownership rights in USAA. Restrictions apply and are subject to change. To join USAA, separated military personnel must have received a discharge type of Honorable or General Under Honorable Conditions. Eligible former dependents of USAA members may join USAA.
