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lochquel
lochquel (@guest_1821739)
March 28, 2024 18:24

If anyone is interested in pursuing other products with this bank, I’d steer away from their credit card funded CDs. They would not open my CD via online app and asked me to call in to verify DOB and SSN. I asked to fund with a credit card on that call and they stated they’d have to charge $25 over the phone and there was no other credit card option to fund, but instead would have to fund via other OnTap account transfer. Shady practices of bait and switching. I have filed a CFPB complaint as they aren’t adhering to their offering of CD funding with credit cards.

ntn
ntn (@guest_1821747)
March 28, 2024 18:34

Jesus, chill. Filing a complaint for such a small slight could lead to them nerfing all cc funding.

They’ve already made the referral bonus less appealing by requiring DDs for 6 months and 10 debits.

*Subject to IRS dividend reporting. Must include referral code at the time of account opening to qualify. Minimum direct deposit of $500 per month, ten (10) debit transactions within the first 90 days of account opening, and $5 par membership share with On Tap Credit Union is required. Checking account and direct deposit must be maintained for six (6) months after the date opened.

Gadget - Bank Bonus Geek 🔗
March 28, 2024 18:45

LoL… this credit union is becoming a running joke. I see where you got that information (from clicking a ref link) and that’s just stupid that they keep changing the program.

The main page where you enroll in the referral program doesn’t say that though, and I believe that was the first one they started adding requirements. It says one debit or 3 months of DD’s. In another place, it says a debit AND 3 months of DD’s. (once logged into the portal)

https://info.ontapcu.org/member-referrals

Seems they are setting up everyone to fail.

favo🔗
favo🔗 (@guest_1821796)
March 28, 2024 19:28

I see six months account opening, and 3 months of DDs plus debit card usage in 60 days, in two places. But I didn’t see they require 10 debits anywhere.

Gadget - Bank Bonus Geek 🔗
March 28, 2024 19:48

Click on an actual ref link… then, scroll to the very bottom of the page. favo🔗 Yet another rendition of requirements. Ver. 4.0

favo🔗
favo🔗 (@guest_1821846)
March 28, 2024 20:55

Wow. Four versions of requirements now. I don’t know what to say!

Eric 🔗
Eric 🔗 (@guest_1821841)
March 28, 2024 20:47

I do see the new terms that you are talking about in the individual referral pages.

What’s interesting is that they failed to include the language about the referee receiving $150 and the referrer receiving $25 after requirements are met like it showed in the previous iteration.

Any theory of why that is?

ntn
ntn (@guest_1821862)
March 28, 2024 21:19

The language on the latest iteration for the referee is quite clear. They don’t need to know what the referer gets.

I think this is just going to be a hot mess, and we’re all in for the ride.

Prediction for v.5: 10 debits each month for 6 months.

Eric 🔗
Eric 🔗 (@guest_1821904)
March 28, 2024 22:08

The way that it’s worded now, it seems like the referee and the referrer have different requirements to receive their share of the bonus.

The good thing for the referrer is that the new harsher requirements shown on the individual referral pages encompass the requirements shown on the referral track page for the referrer to receive the $25.

Wouldn’t you think that with all of these iterations, On Tap would think to finally define with a QDD is? Since they did not do that, I still feel that the “harsher” requirements are still fairly easy to complete.

Gadget - Bank Bonus Geek 🔗
March 27, 2024 18:47

DP: Debit Card arrived on 3/26, activated, and PIN set via phone. My account was approved on 3/7, so it was two days short of 3 weeks.

Gadget - Bank Bonus Geek 🔗
March 27, 2024 18:38

OnTap just sent out two emails with the same timestamp about the referral program. Neither mentions the Direct Deposit or Debit Card usage requirements and instead mentions loans. Those items are not visible until you go to their site to obtain your own code.

They are just asking for NCUA complaints when they don’t put all the terms in one place.

a
a (@guest_1819281)
March 24, 2024 22:19

They are actively monitoring this thread. Hopefully they don’t pull a Teachers FCU move on us.

https://www.doctorofcredit.com/co-only-on-tap-credit-union-150-checking-bonus/#comment-1813883

Roy
Roy (@guest_1819133)
March 24, 2024 13:55

Has anyone successfully opened an additional account and done another 1k credit funding?

Gadget - Bank Bonus Geek 🔗
March 24, 2024 14:02

In progress. I submitted the application for the Peak Tiered Savings on Wednesday. They called me Friday but I missed the call. Said they will call again Monday.

Gadget - Bank Bonus Geek 🔗
March 25, 2024 17:35

Peak Tiered Savings opened today. Had to speak to the rep. Mine was a different rep than the one who opened the original account. They needed a few items from the application that did not get filled in. Citizenship, employment status, living situation, etc. Rep implied it was due to using CC funding. Had to upload my ID via the portal too, and then sign a DocuSign.

Citi Double Cash showing $1K pending purchase. Roy

ntn
ntn (@guest_1819176)
March 24, 2024 16:30

Yes, the account was finalized on the phone a couple days after the application was sent in. Turned out to be the same rep that opened my initial membership. He was way too nice and remembered a detail we had talked about before. I’m probably not gonna open any more accounts here to avoid the over-personalized service.

Roy
Roy (@guest_1819419)
March 25, 2024 11:32

Thanks! I’ve never talked to their reps.

Roy
Roy (@guest_1818546)
March 22, 2024 17:23

I had to message them to request a debit card.

Ostrich Rider
Ostrich Rider (@guest_1818117)
March 21, 2024 22:30

I haven’t called or sent a message, I just checked the application status and mine is still “pending”. Anybody else pending for this long?

Ostrich Rider
Ostrich Rider (@guest_1818682)
March 22, 2024 22:21

LOL! I forgot to write that I applied 3/4.

Gadget - Bank Bonus Geek 🔗
March 22, 2024 22:24

I would say give them a call (during biz hours). You must have been shuffled to the bottom of the stack.

Ostrich Rider
Ostrich Rider (@guest_1818694)
March 22, 2024 23:09

Yeah, I think they worked the stack ‘Last- In, First- Out.’

Vita(GJ) 🔗
Vita(GJ) 🔗 (@guest_1817929)
March 21, 2024 16:02

Denial DP

Denied due to identity verification. Was requested to unfreeze Experian.
Saw no soft inquiries from On Tap as suggested by rep. Unfroze.
Applied and denied again due to identity verification even with a successful soft inquiry.
Hmm.

ReverendK
ReverendK (@guest_1816853)
March 20, 2024 00:06

 Chuck  William Charles the [Expired] tag in the title is misleading as the referral promo is active now.

Also, the referral promo terms have changed and now read:

Referrer can earn up to $75 per person they refer and can refer a maximum of 3 people per day. Referrer will receive account credits within 90 days of qualifying events including 1) account opening with active direct deposit of $500 per month for 3 months with debit card usage in the first 60 days 2) funded personal loan 3) funded auto loan.

Referee terms have not changed it seems:
Referee is paid $150 for a new membership after the new membership account and checking account has been maintained a minimum of six months.

Eric 🔗
Eric 🔗 (@guest_1816930)
March 20, 2024 08:44

The individual referral pages still show the below quoted passage. It seems that you missed the part that I bolded. This implies that the referee and the referrer receiving their rewards are both dependent on the same requirements being met.

The only question is if that will require “maintaining the account for 6 months” or “having a $500+ DD every month + using the debit card within the 1st 60 days” for the bonuses to automatically post. That’s anyone’s guess at this point.

“Referee is paid $150 for a new membership after the new membership account and checking account has been maintained a minimum of six months. Referrer is paid $25 for a new membership referral after the referred membership and checking account has been maintained a minimum of six months.

niadnf
niadnf (@guest_1816132)
March 18, 2024 19:53

My application was rejected for some reason. Calling and emailing has so far been ignored as well. Very unimpressed with this credit union so I think being rejected was doing me a favor.