Grow Financial Credit Union is offering a sweet $300 bonus for opening a new checking account! To snag this bonus, you'll need to open either a Grow CashBack Checking or a Grow Checkless Checking account, set up monthly direct deposits totaling at least $500 within 90 days, and register for online banking. The good news is there's no minimum balance required to open the account or get the bonus! Also, funding the account can be done with a credit card (up to $500), which is a great way to earn points!

This offer used to be limited to Florida and South Carolina residents, but now it seems anyone can qualify if they are active or retired military, work for a select employee group, or have an immediate family member who's already a member. Make sure you can meet the direct deposit requirement – many banks accept ACH transfers from other institutions, but it's best to double-check what Grow Financial considers a valid direct deposit. The bonus will be deposited within 60 days after you complete all requirements, so be patient!

Keep in mind the Grow Checkless account has a $5 monthly fee, but it's pretty easy to waive. You can avoid the fee if you're under 18, have a Grow loan or credit card with at least 5 monthly transactions, have a Health Savings Account, or maintain a minimum balance. There's no early account termination fee, so you can close the account after receiving the bonus without penalty. This bonus is reported to the IRS as interest income, so you'll need to pay taxes on it. Overall, this is a solid bonus, especially with the potentially easy requirements and now broader eligibility!