Offer at a glance
- Maximum bonus amount: $100 for both referee and referrer
- Availability: Must live or work in Denver, Adams, Arapahoe, or Jefferson County, be a member of Consumers United Association, or be a family member of an existing member
- Direct deposit required: No
- Additional requirements: 10 debit card transactions and $50 deposit
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: $25, 90 days
- Expiration date: December 31st, 2016
The Offer
- Denver Community Credit Union are offering a bonus of $100 for both parties when you are referred by an existing member. New member must complete the following requirements:
- Open a checking account with a debit card
- Make a one time $50 deposit into checking account
- Make 10 debit card transactions within the first 30 days of memebrship (Signature/Credit transactions only) [How To Meet Minimum Debit & Credit Transaction Requirements]
The Fine Print
- Valid through 10/3/2016 through 12/31/2016.
- For both the referrer and referee to earn $100 incentive, referee must become a member of Denver Community credit Union and open a Checking Account with a debit card, make a one-time $50 checking deposit (separate from the initial $25 share deposit), and make 10 debit card transactions (signature or credit only) within the first 30 days of membership opening.
- $100 incentive will be deposited into the referrer’s and referee’s Savings Account within 60 days of referee’s new membership opening.
- $100 bonus is subject to taxation.
- Referee cannot be a current member or joint-owner of a current Denver Community account.
- The new membership account , and the referring member’s account must be in good standing at the time of account validation in order for incentive to be dispersed.
- To qualify for Denver Community membership, one must live or work in Denver, Adams, Arapahoe, or Jefferson County, be a member of Consumers United Association, or be a family member of an existing member.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Their personal checking account comes with no monthly fee. According to their fee schedule there is a $25 early account termination fee if you close your account within 90 days of account.
Our Verdict
Feel free to share your referral links/details in the comments. This is a pretty good deal if there is no hard pull to open the account. I doubt you’ll be able to fund with a credit card as it looks like in branch opening is required. Probably won’t add it to our best checking sign up bonus page due to the fact we don’t have a lot of information about this bonus yet. As always, share your datapoints in the comments below.
Interestingly they also offer a mile high APY account, this account earns 5.28% APY. You need a checking account for this and every time you make a purchase using your debit card it’s rounded up to the nearest dollar and that difference is transferred into this account.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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
