Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â Nationwide, must be new member
- Direct deposit required:Â No
- Additional requirements:Â Deposit $100 each month
- Hard/soft pull:Â Soft
- ChexSystems:Â Yes, some reports of chexsystems sensitivity in the comments but lots approved as well
- Credit card funding:Â None
- Monthly fees:Â None with eStatements
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date: July 31, 2024
Contents
The Offer
- Alliant Credit Union is offering a $100 bonus when you open a kids saving account or teen checking account.
- Deposit at least $100 a month for 12 consecutive months in each Kids Savings or savings account accompanying the Teen Checking Account opened between May 1, 2024 and July 31, 2024
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule
Our Verdict
Relatively easy bonus to meet the requirements for and not a lot of bank bonuses that kids can do so I’d say this is worth doing. We will add this to our list of the best bank account bonuses.
Hat tip to reader Matt
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
Just to confirm – there’s no household limit per the post above. Can I open an account (and earn the bonus) for each of my three children?
The FAQs on the offer page say yes.
How do they know if you’re not a kid
Age in application and SSN? Perhaps they won’t verify and just take your age from application.
From the FAQ: “The $100 bonus is automatically deposited into an Alliant Kids Savings Account after you’ve successfully made a monthly deposit of $100 or more for 12 consecutive months. To qualify for the bonus, you must keep a minimum average daily balance of $100 in the Kids Savings Account, and have $1,200 (or more) in the account at the end of the 12-month period.1 Please note, this is a one-time bonus per child, available only to Alliant members.”
From the fine print: The newly opened Alliant Credit Union savings account must:
Please confirm if you agree. In Month 1, $100 needs to be deposited and left there. In Months 2-11, $100 needs to be deposited, but can be withdrawn. If done with that approach, $1,100 needs be deposited in Month 12.
Thanks!
I received a email from Chase to open a Chase High School Checking (13-17) and get $100 after 5 qualifying transactions within 60 days. A bit better than this one as this requires $100 deposits for 1 year, though Alliant is better long term.
Doubt many people here would be eligible
only new Alliant Credit Union members who are also employees of any of our Select Employer Groups at the time they establish membership will be eligible for this promotion. Your Select Employer Group must be selected at the time of account opening. There is a limit of one bonus per eligible member. Existing Alliant Credit Union members, customers who are joint owners on an existing Alliant Credit Union savings account, and former Alliant Credit Union members or joint owners who closed an Alliant Credit Union membership within 180 days of establishing a new membership are not eligible.
Wouldn’t that be based on whether the kid was a member not the adult?
If you closed your account more than 180 days ago, it seems you’d be eligible then. Or rather, your kids would then be eligible at. Agree?
Do you need an existing account with Alliant to do this?
No, you can’t have existing membership.
The parent can be, there’s an email literally sent to members with this offer… The kid can’t.
Kids Savings(Ages 12 and under)
Teen Checking(Ages 13-17)