Checking Account Bonus

*Terms & Conditions

Eligibility Requirements:

• This offer is for new checking account holders only.
• You are not eligible for this offer if:
  • You are a current checking and/or savings account holder.
  • You have previously received a bonus for enrolling in direct deposit.

Bonus Requirements:

• Open a new SF Fire CU Checking account and set up direct deposit within 30 days of account opening.
  • The bonus amount will vary based on the total amount of qualifying direct deposits received during a 30-day period (the “Assessment Period”). For example, if you open an account on 9/15/23 and the first direct deposit received is on 9/20/23. The assessment periods are 09/20/23-10/19/23, 10/20/23-11/18/23, 11/19/23-12/18/23 for qualifying direct deposit totals. 
    • 30-day cycle of direct deposit totals $1,000-$4,999.99 will receive $100 cash bonus.
    • 30-day cycle of deposit totals $5,000 or more will receive $300 cash bonus.
  • A qualifying direct deposit transaction is an ACH automatic electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. Payments/transfer between accounts are not considered a direct deposit.
• Maintain direct deposit for a minimum of three consecutive 30-day cycles (90 days) after first direct deposit transaction.

Bonus Payment:

• Once the 90-day qualification period has elapsed, we will determine if you have met the offer requirements and will deposit any earned bonus into your new checking account within 15 days.
• You are responsible for any federal, state, or local taxes due on the bonus and we will report as income to the tax authorities if required by applicable law. Consult your tax advisor.

Offer expires June 30, 2025. The expiration date is the last day that someone can open a new checking account to be eligible for the bonus. Meaning qualifying accounts will receive bonus up to 3 months following the end of the promotion. However, offer may be discontinued or changed at any time prior to the expiration date without notice.

1 Rebates are automatically posted to your account within two business days. We automatically rebate international surcharge fees, but in cases where the fees do not get reimbursed due to processing differences on some out-of-country networks or ATMs, please retain a copy of your receipt so that we can process any rebate of a surcharge that fails to refund automatically. The receipt must be presented no later than 60 days after the transaction cycle ending date of the SF Fire Credit Union account statement on which the transaction appears. Please note that any exchange fees do not qualify as ATM surcharges, and a surcharge must be clearly identified on your receipt for us to process the refund if it doesn't automatically appear in your account.
2 Early Direct deposit funds will be available up to one business day early.

3 APY= Annual Percentage Yield. The APY is the effective annual rate of return and assumes that the funds will remain in the deposit account for the full 365 days. Rate effective as of 11/1/2024 and is subject to change at any time without notice. All savings rates are variable. Active and retired Fire Department employees qualify for a 0.10% rate bump. Premium is the same for SFFD and Non-SFFD alike.

New money refers to money not currently held at SF Fire Credit Union accounts or funds that have been in another SF Fire account for 30 days or less. Incoming transfers are limited to external sources. There are no restrictions on the amount or timing of external transfers into the Money Market Account.

If you have any questions or need current rate information on your accounts, please call 415-674-4800 or 888-499-FIRE (3473), from 7am to 7pm Monday through Friday, and 9am to 5pm on Saturday (Pacific Time).

All savings rates are variable. This means that the dividend rate and annual percentage yield may change at any time as determined by the Board of Directors, and the interest rate may change after your account is opened.