Posted by William Charles on July 2, 2018
Bank Account Bonuses

Published on July 2nd, 2018 | by William Charles

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[Expired] Elevations Credit Union $100 Checking Bonus, No Direct Deposit Required [University Of Colorado Students Only]

Deal has expired, view the best current checking bonuses by clicking here.

Deal is back for 2018. Hat tip to reader Samuel C. 

Offer at a glance

  • Maximum bonus amount: $100
  • Availability: University Of Colorado students only
  • Direct deposit required: No
  • Additional requirements: Opt in for eStatements and receive debit card
  • Hard/soft pull: Soft
  • Credit card funding: Up to $2,500 (previously $10,000)
  • Monthly fees: None
  • Early account termination fee: Account must stay open until May 1st, 2019 otherwise you will forfeit the bonus
  • Expiration date: August 31st, 2018

The Offer

Direct link to offer

  • Receive a sign up bonus of $100 when you open a checking account with Elevation credit union and complete the following requirements:
    • Opt in for eStatements
    • Opt in to receive a Buff One debit card

 

 

The Fine Print

  •  New Buff One checking account required for eligibility.
  • Must be a new Elevations member and a University of Colorado student.
  • Debit card and eStatements required at time of account opening to receive $100 offer.
  • Limit one $100 offer per unique Social Security Number per 12-month period. Age 13 or older.
  • If the account does not remain open through May 1, 2019, the $100 will be charged against the account balance at time of closing.
  • The $100 will be described as a dividend adjustment on your account.
  • You will receive a 1099-INT form stating dividend income for tax reporting purposes.
  • Offer valid May 1 through August 31, 2018.

Avoiding Fees

There are no monthly service fees on this account. You need to keep account open until May 1st, 2019 otherwise you will forfeit the bonus. There is an inactivity fee of $10 if the account isn’t used for twelve months so probably a good idea to use it a few times just in case.

Our Verdict

Seems like a killer deal, shame it’s restricted to University of Colorado students. Soft pull + $10,000 in funding and super easy bonus requirements. What’s not to love.

Useful posts regarding bank bonuses:

 

 



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HoKo
HoKo

Just out of curiosity what is the point of posting this? Do you have some sort of connection to univ of CO? Seems like such a niche deal that will prove useless to 99% of your reader base unless you for some reason have a disproportionate number of readers that would qualify for this

TheJester
TheJester

I’ve been a DoC reader since the beginning and went to CU Boulder, so, this is completely relevant.

I chimed in on DoC’s Sears post about 100% SYWR back on his washer/dryer which lined up perfectly with my family just moving to CO.

I value EVERY post this guy makes. You should too.

KidPooh
KidPooh

As a Univ. of Colorado student, I opened this account in late 2013. There was no hard pull and the account was opened instantly online. You need to deposit $25 in its saving account to “establish the relationship”.

JuicyJosh
JuicyJosh

deleted per later comment

gary
gary

beware of elevations CU they shut down accounts without explanation and then try to lie why, My brothers account was shut down because they said he didn’t supply the number of the association he was with. which he was and he did and when he said he will give it to them again they said no it wont matter. he opened his account online, lives in co near a branch but funded with a cc.

ALSO: they don’t say you have to be a co resident but beware if you try to open one online (which I did) NV res. they will reject the app and then say you must come into the br to open

A real shady bank

Dan
Dan

I’ve been a member of Elevations for 11 years; I joined as a CU student when it was still called UofC FCU. They are a rather blah credit union and their online account system is beyond antiquated.
Most CU Boulder students are rich, out-of-state spoiled brats so I am not sure if the $100 bonus is going to see much use, but it is nice to see that DoC is darn good at what he does by finding these bank account bonuses.

Joshua Lapin
Joshua Lapin

I go to colorado state University… So Close!

Scott
Scott

Minor fix on early account termination fee in the Offer at a glance section → should be May 1, 2019, instead of 2016.

Scott
Scott

More than 65,000 students enrolled in all 4 of the University’s campuses last year, implying this deal could be of use to at least 250,000 people, and likely more depending on how Elevations verifies enrollment. Anybody out there know if only possessing a colorado.edu email domain is sufficient? Would therefore open up this offer to alumni and possibly faculty/staff.

Scott
Scott

Part of question* answered in application process: Buff One Banking accounts are for University of Colorado *Boulder* students only.

Scott
Scott

Alumni. Applied and approved. No funding option provided in application process, credit or otherwise — option may only apply to other types of accounts with Elevations (?). $25 in savings (credit union membership share) and additional $75 in checking to be deposited by Elevations within 24 hours.

stingerzing
stingerzing

Also an alumni, used my edu address and was approved. No funding options during application. Hoping to be able to fund using CC.

Doug
Doug

Did you have any success? I opened it online, and the $100 bonus posting instantly removes the need for a funding source. They told me to go in-branch to fund with a credit card, but they only have cash advance options.

Casey
Casey

Credit card funding is now limited to $2,500.

Casey
Casey

Oh yeah, forgot to add: funded with BarclayCard Arrival+, coded as purchase. I opted for a savings account only, thinking that I could later come back and fund a checking account with another card when I needed more spend. Turned out there was no way to add a checking account online after opening. I finally got into a branch today and did so, but according to the banker, in-branch funding is specifically coded as a cash-advance, as opposed to online funding, which might code as a purchase. So the moral of the story is to open both checking and savings accounts from the get-go if you want to max out your MS with this credit union.

Selena
Selena

I funded with BarclayCard Arrival + and coded as cash advance! Not sure why. Luckily I had lower the cash advance line to $1. Since it is coded as cash advance, it does not qualify as the MS.

Selena
Selena

Nevermind, I see what happened. At first the bank told me my credit card did go through so they had me call the customer service. The rep help me to make the charge on the phone. I guess that count as “in branch” transaction and count as a cash advance.

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