Update 6/8/25: Deal is back until July 31st 2025. Must not have had an RFCU account within the past 1826 days (5 years). Hat tip to reader Craig M
Offer at a glance
- Maximum bonus amount:Â $600
- Availability: Tennessee: Bedford, Cannon, Rutherford, or Williamson County
Individuals who are joint on another account and opening their first primary - Direct deposit required:Â No
- Additional requirements:Â 5 debit card purchases & online banking
- Hard/soft pull:Â Soft pull
- ChexSystems: Yes, not sensitive
- Credit card funding:Â Up to $530
- Monthly fees:Â $5, avoidable
- Early account termination fee:Â None
- Household limit:Â None mentioned
- Expiration date:Â 12/23/2023
Contents
The Offer
- Redstone Federal Credit Union is offering a bonus of up to $600 and complete the following requirements:
- Use promo code SRP600
- Access online banking and enroll in eStatements.
- Make 10 debit or credit card purchases.
The Fine Print
- Promotion valid 10/11/2023 – 12/23/2023.
- Membership eligibility required. Must open a share savings account to join RFCU®. Minimum balance of $5.00 is required to open and must be maintained in share savings account. Bonus will be deposited into the member’s primary checking account within 150 days of account opening, but no later than May 21, 2024.
- Bonus will not be paid if all promotion eligibility requirements are not met.
- The promotion code must be presented at the time of account opening to qualify for the promotion and may not be used more than two times per household.
- Age and other promotional restrictions apply.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Easy checking account is the easiest account to keep fee free. This has a $5 monthly fee that is waived with a direct deposit or 4 debit card transactions.
Early Account Termination Fee
I wasn’t able to find any mention of an early account termination fee in their fee schedule.
Our Verdict
This is an absolutely amazing offer as the requirements are very easy to meet. Unfortunately it’s very location restricted but if you live in that area an amazing deal and we will add it to the best bank bonus page.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Any OOS accounts get the bonus paid out before?
Im in the state but not same footprint, offer looks great but im not in Rutherford County.
These other counties in TN qualify.
“Tennessee: Bedford, Cannon, Rutherford, or Williamson County”
No Davidson County? Damn.
For those curious, the best I could describe the location area:
a few counties counties South, Southeast, and East-Southeast of Nashville.
Any trick to bypass the state requirement? I’m from NJ.
It’s not only state restricted. You have to be in a particular county in that state.
Oh God! I know there was a trick to get their Credit card by joining some membership, which got patched recently.
This offer is live again until July 31st 2025
https://redfcu.org/content/dam/rfcu/pdfs/agreements/Sam_Ridley_Promo_Terms_Conditions.pdf
This indicates that they have caught on to the account opening and CC funding shenanigan of the past, unfortunate. Good offer though if you qualify.
Not exactly relevant, just trying to cure a case of insomnia. The promo had ‘Sam Ridley’ Pkwy Branch and the name sounded familiar, so out of curiosity dug up an interesting read. Little blast from the past. Apologies, this isn’t meant for all.
https://rutherfordtnhistory.org/remembering-rutherford-sam-ridley-ouster-verdict-changed-little-in-smyrna/
Looks like they have a $500 offer now. Seems super easy. Get $500 after you open an account, setup online banking, and use your debit card 10 times. Going to check this out! It is location limited it appears. https://redfcu.org/500/
Has anyone successfully opened an acc OOS and got paid? Just opened with GA address.
would like to know as well.
Did you receive the bonus?
Use referral code PAM1194660 for redstone federal credit union (https://www.redfcu.org/) to get additional $100 for opening any checking account. This will be in addition to $600 that you can get. Please make sure to open account by 12/23/2023.
I live in one of the counties and opened the account because I knew 3 people who had done this and gotten the bonus within 2 weeks. It’s now been two months since I opened the account and met the requirements and I was told yesterday the bonus would not be paid until the account had been open 150 days, which is not what it says, even in the fine print, it says within 150 days.
This is what it says in the language before the fine print:
3. Enjoy Your Bonus
$600 will be deposited in your new account once promotional requirements are met.
So a little misleading.
Any OOS applying in person DP’s? I live in FL and would consider driving to a branch for an easy $600
I’m a member of Redstone also from FL. Redstone has one amazing 5% CC for both 5% restaurants AND 5% fuel AND 3% on wholesale clubs like Sam’s, 3% groceries INCLUDING Walmart (still no at Target), 3% at discount stores and utilities.
AND a 4.58% Brighter Day saving account. (Therefore, I concider their CC a 5.4% when you consider the CC AND saving together – big banks like Chase don’t pay 4.58% on their savings accounts).
Redstone has you open an account through a video call so you wouldn’t have to drive all that way. There are a few (national) organizations to look up to join first (around $8-$10) so you are eligible to be a member of Redstone. YMMV, but I would think if you were already a member without a checking account here this would be an easy $600 (when it’s available again). I also have a referral code for an extra $100 for the checking bonus, just ask Me.