Not necessarily. Deposits made late in the month may have a limited impact because they are only counted for the few days they were in the account. To maximize your average daily balance, funds should remain in the account throughout the month.

No. Your end-of-month balance only reflects one day, while your average daily balance reflects your balance across the entire month.

This bonus offer is tied to the standard requirements for our Xtraordinary Checking Account. These same requirements are necessary to earn 4.50% APY‍¹ on your account balance up to $25,000. By meeting these requirements, you not only qualify for our bonus offer, but you can also earn a competitive APY on this high-yield Checking Account!

Monthly periods are based on calendar months. The last day of the month must fall within 120 days of account opening to count toward the bonus qualifications.

For example, if an account is opened on June 15, 2026, then 120 days later would be October 13, 2026. Since the last day of the month must fall within 120 days of account opening, this would mean that June, July, August, and September would all be eligible months in which the requirements for the Xtraordinary Checking Account could be met. 

The bonus offer is available to prospective or existing members who do not currently have a Connexus Checking Account and open a new Xtraordinary Checking Account between 06/15/2026 and 07/12/2026. Individuals who previously had a Connexus Checking Account are eligible, so long as the account closure occurred before 09/01/2025.

Once you open a new Xtraordinary Checking Account with promo code XTRABONUS, you must meet the following account requirements for two month-end periods within 120 days of account opening‍¹:

• Make 15 debit card purchases or accumulate $500 in debit card spending
• Be subscribed to eStatements
• Make one monthly deposit of at least $500 from either a direct deposit or an ACH deposit

To determine your bonus, Connexus will take the average daily balance from the first two monthly periods in which requirements were met and average them together. Bonus tiers are as follows:

• $4,999.99 and below → $0
• $5,000 – $9,999.99 → $150
• $10,000 – $14,999.99 → $200
• $15,000+ → $250

To set up a monthly direct deposit into your Xtraordinary Checking Account, you will need to provide your Connexus account number, routing number, and the mailing address for Connexus. For more information on where to find these details and to ensure that your direct deposit is not rejected due to incorrect formatting or information, please visit our Digital Banking FAQ or contact us directly.

Some example deposits for this account requirement include direct deposit from payroll, retirement benefits, or government benefits.

Additionally, you can use Connexus Digital Banking to link to an external account at a different financial institution and transfer funds into your Xtraordinary Checking Account each month to meet the ACH deposit requirement.

Yes, this would meet the monthly direct deposit account requirement. Please contact us to ensure you have the correct information to set up your ACH transfer.

No, a mobile deposit or in-person deposit does not qualify for the direct deposit requirement.

Connexus offers an Xtraordinary Checking Progress tool within Digital Banking that allows you to easily track your progress toward meeting the monthly account requirements.

If you do not meet the requirements for any given month, you will simply earn no yield that month, and you will not receive the $15 of ATM surcharge rebates that month. There are no fees for not meeting the monthly requirements.

Only one Xtraordinary Checking Account is allowed per member. However, we do offer other deposit accounts, such as Certificates and Money Market Accounts, that feature competitive APYs (Annual Percentage Yields).