Deal has ended, view more bank account bonuses by clicking here.
Update 11/30/22: Available again for 2022. Hat tip to reader Olympia
Offer at a glance
- Maximum bonus amount:Â $100
- Availability: Nationwide (with $10 membership in Reach Out for Schools [part of application process, one time])
- Direct deposit required:Â Optional, see below
- Additional requirements:Â See below
- Hard/soft pull:Â Should be a soft pull if you opt out of overdraft protection
- ChexSystems: Unknown
- Credit card funding: Up to $250
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:
- Expiration date:
Contents
The Offer
Direct link to offer (requires a referral. Do not share or find referrals in the comments, instead go to this linked page)
- Digital Federal Credit Union (DCU) is offering a $100 referral bonus when the person signing up opens a new checking account ($50 bonus for the person referring). Need to complete one of the following:
- Checking Account with recurring Direct Deposit of your payroll, retirement, Social Security, or other monthly recurring income of $500+ per month
- Checking Account with at least five ; debit/credit card transactions, bill payments, balance transfers, or P2P transfers the same month.
- A vehicle, RV, boat, or mobility loan (purchase or refinance).
The Fine Print
- Code and offer expire after 90 days, new referred member has 90 days from receipt of invitation to join, redeem the referral code, open a membership and any one of the qualifying products listed above.
- Referred member must be at least 18 years old. For membership eligibility, please visit: dcu.org
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
They offer a free checking account with no monthly fee
Early Account Termination Fee
I couldn’t find any EATF in the fee schedule.
Our Verdict
Do not share or find referrals in the comments, instead go to this linked page. DCU also offers a high yield savings account that offers 6.17% APY on balances up to $1,000. There was some confusion when we originally posted this deal as part of that thread, so we have created this dedicated post to make it clear you need to open a checking account. This $100 bonus is easy to meet the requirements for and we will be adding it to our list of the best checking bonuses.
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
