Find an updated list of Beacon Credit Union bonuses, promotions, and offers here.
Update 7/5/24: There is currently a $250 bonus when opening a new checking account.
Beacon Credit Union Bonuses Review
Beacon Credit Union is headquartered in Lynchburg, Virginia and was founded in 1939. Since then they have grown to 10 locations, offe CD rates that are 61% higher than the national average, and they boast an A health rating.
| Eligibility: Beacon Credit Union is open those who live, work, worship, or attend school in the Virginia counties of Amherst, Appomattox, Bedford, Botetourt, Campbell, Roanoke, Rockbridge, or Pittsylvania; the North Carolina counties of Casswell or Rockingham; the Virginia cities/towns of Altavista, Appomattox, Bedford, Buena Vista, Danville, Lexington, Lynchburg, Roanoke, Salem, or Vinton; the North Carolina cities of Eden or Reidsville. Eligibility also extends to immediate family. See current membership details |
I’ll go over all Beacon Credit Union offers below.
Beacon Credit Union $250 Checking Bonus
Beacon Credit Union is offering a $250 bonus when you open qualifying checking account and meet the requirements.
- What you’ll get: $250 Bonus
- Eligible account: Choice Plus Checking Account
- Where it’s available: VA (Bank Locator)
- Direct Deposit Required: Yes
- Monthly Fee: None
- Credit inquiry: Unknown
- How to earn it:
- To qualify for the $250 cash bonus, you must
- (1) become a new member to Beacon Credit Union by establishing a $25 member share account and open a Choice Plus Checking account (minimum opening deposit of $100),
- (2) conduct a minimum of 15 debit card transactions within the first 90-days, AND
- (3) set up a cumulative qualified direct deposit amount of at least $1,000 into your account within the first 90 days of account opening.
- To qualify for the $250 cash bonus, you must
(Limited time offer)
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($300 Bonus Offer) | SoFi Checking & Savings Account ($325 bonus) |
Fine Print
- To qualify for the $250 cash bonus, you must (1) become a new member to Beacon Credit Union by establishing a $25 member share account and open a Choice Plus Checking account (minimum opening deposit of $100), (2) conduct a minimum of 15 debit card transactions within the first 90-days, AND (3) set up a cumulative qualified direct deposit amount of at least $1,000 into your account within the first 90 days of account opening.
- A “qualified direct deposit” is a direct deposit of a paycheck, pension, Social Security or other eligible regular monthly income, electronically deposited by an employer or an outside agency into your new checking account.
- Cash bonus is only available to new members, members who have had an account with Beacon Credit Union in the past 12 months or have previously received a cash bonus are not eligible.
- Bonus may not be combined with other offer and may not be withdrawn without notice.
- Limit one bonus per household.
- All accounts are subject to approval.
- Accounts must be opened at a branch location or online at www.mybcu.org.
- $250 Cash Bonus Payment will be credited to your new checking account within 30 days after all terms are met.
- Your account must be in good standing at time of payment to receive cash bonus award.
- Cash bonus value will be reported to IRS as taxable income.
- Beacon Credit Union reserves the right to end this offer at any time.
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Conclusion
This bonus account has a variety of fantastic features on top of a generous bonus! Be sure to sign up if this account interests you! However I can only recommend this promotion if it triggers a soft pull.
Beacon Credit Union has decent rates for CDs and Savings, but always check out our best rates for Savings, Money Market, and CD accounts from the links below.
If you’re not local to any of the states above, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
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Check back often for more Beacon Credit Union Bonuses, Promotions, or Offers!
