Ideal Credit Union will give you a $100 cash bonus as well as a special gift when you open a free checking account and meet the eStatement, direct deposit, and debit card purchase requirements.
Anybody who resides in any state in the U.S.A. can qualify for membership with Ideal Credit Union by making a $5 donation to the John D. Miller Foundation during the online membership application, but only accounts opened in-branch can qualify for this special promotional offer.
Updated 8/23/2016 – No Longer Nationally Available: Please note that Ideal CU has updated the terms of this offer to now indicate that only in-branch applications may qualify for the $100 reward. “To receive the free gift and be eligible for the $100 cash reward, the new personal checking account must be opened in-person at an Ideal Credit Union branch (accounts opened online are not eligible for free gift or cash reward).” These terms were added after the promotion originally went live, so I believe that Ideal wanted to close down the influx of new members from states other than Minnesota and Wisconsin.
Updated 7/25/2016: Please note that I was told by customer service that their membership is open to anybody in the United States, and while the online application seemingly only accepts residents of Minnesota and Wisconsin, customer service has indicated that people outside of those states should select “Minnesota” when completing the application with the $5 donation to the John D. Miller Scholarship fund, so this offer is indeed nationally available at this time. Please review the comments below from readers for more details and a huge thank you goes out to them for their help in confirming this offer is available nationwide.
Membership in Ideal Credit Union
Ideal Credit Union offers to anybody who resides in any state in the U.S.A. when you make a $5 donation to the John D. Miller Foundation.
You’re automatically eligible for membership: if you donate $5 to the John D. Miller Foundation; if you live, work, worship, attend school, or volunteer in Anoka, Chisago, Dakota, Hennepin, Ramsey or Washington counties in Minnesota; if you are employed by the United States Postal Service; or if you are related to a current member.
You just need to make a $5 deposit into your Share Savings Account to start your membership, plus donate $5 to the John D. Miller Foundation if you don’t otherwise qualify for membership.
With the $5 deposit to your Share Savings Account and the $5 donation to the John D. Miller Foundation, you’ll still receive a profit of $90 with this Ideal Credit Union promotion.
Applicants Outside of Minnesota and Wisconsin
During your online membership application, you will be asked to select a state of residence when you make your $5 donation to the John D. Miller Foundation.
If you live in any state other than Minnesota or Wisconsin, you will need to select “Minnesota” as your state of residence, in order to continue the application.
You must select “Minnesota” as your state of residence, even if you live outside of Minnesota, because the online application does not accept the “Other” option, and it will not let you continue otherwise.
If you select “Other,” it will give you an error and indicate that you don’t meet the residency requirements.
However, their customer service has specifically indicated to our readers that if you select “Minnesota” during this step of the membership application where you are making your $5 donation to the John D. Miller Foundation, they will then approve your application, even if your address is in another state.
A big thank you goes out to our readers who helped to figure this out and provided additional details in the below comments.
I was originally told by customer service that they do accept members from throughout the U.S.A., so this does seem to confirm that fact, even though the online application process doesn’t seem to be set up to accept such applicants directly.
Ideal Checking Account $100 Bonus and Free Gift
Open a new Ideal checking account to earn a $100 cash bonus when you complete the following steps within 60 days of account opening:
- Sign up for eStatements.
- Have a recurring Direct Deposit of governmental or payroll checks ($750 or more monthly).
- Use your Ideal Enhanced Debit MasterCard 10 times for signature-based transactions.
Check out this Promotional Link to open your account and get this $100 bonus.
If you open your account in-branch, you will also receive an Oster Vegetable Chopper in addition to the $100 cash bonus.
If you open your account online, you will receive a special eGift (in place of the vegetable chopper) and still earn the $100 cash bonus as well.
All Ideal personal checking accounts require a $50 minimum opening deposit.
- $100 cash reward offer valid for new personal checking accounts only.
- Offer available to individuals without an Ideal Credit Union personal checking account in the last 90 days.
- $100 cash reward will be automatically deposited 6 to 8 weeks after the conditions have been met.
- Checking account must remain open for a minimum of 6 months, or the cash reward will be debited from the account during closing transaction.
- Excludes student, employee, and business accounts.
- $100 cash bonus offer effective for accounts opened on or after February 1, 2016.
- Gift offer only available while supplies last and only to individuals without an Ideal Credit Union personal checking account in the last 90 days.
Ideal Checking Account Options
Ideal offers 3 checking account options:
- Free Checking – A free, basic checking account to conduct transactions.
- Relationship Checking – Earn rewards for high balances with cost-savings advantages.
- Cashback Checking – Earn cash back for doing most of your banking electronically.
There is a $50 minimum opening deposit requirement for all 3 accounts.
Take advantage of this Ideal Credit Union promotion to earn a $100 cash bonus and a special gift with your new checking account.