BECU raised its checking bonus to $500, nearly tripling the prior offer. The move signals intensifying competition for deposits among credit unions.
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BECU raised its checking account bonus to $500 using code CKG500Q126, according to a reader who shared the code. The offer is nearly triple the $150 bonus the credit union ran in late January. That earlier deal required no direct deposit. The $500 offer likely does, though no fee schedule was posted.
The increase follows a pattern. BECU previously offered a $400 bonus in May 2026 and a $300 bonus in July 2025, before dropping to $150. The new $500 level signals that the credit union is willing to pay more to bring in new checking accounts.
The move is a readthrough for the broader credit union sector. Institutions in the Pacific Northwest, where BECU is based, compete for deposits. A higher bonus threshold puts pressure on peers to match or exceed the offer to retain customer interest. Deposit acquisition costs are rising across the industry as rate expectations shift.
No expiration date was given for the current code. The offer applies only to new accounts opened with the promotional code. Each attempt to qualify likely requires a direct deposit of at least $500 within 60 days, based on typical credit union bonus terms.
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