Offer at a glance
- Maximum bonus amount: $100
- Availability: In branch only, all branches are in MD
- Direct deposit required: Yes, no minimum listed
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None listed
- Early account termination fee: Bonus forfeit, 180 days
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Rosedale Federal Savings & Loan Association is offering a bonus of $100 when you open a new checking account. Bonus is broken down as follows (requirements must be completed within 180 days):
- Receive $25 when you make at least 10 purchases with your debit card
- Receive $25 when you complete at least two bill payment transactions through online banking
- Receive $50 when you receive a qualifying direct deposit
- You need to complete a notification form once the requirements have been met
The Fine Print
- Welcome Reward Bonus. You will be paid up to $100.00 when you complete the following requirements. To qualify for any of the Welcome Rewards, you must open an Everyday Checking account and must not have had, or had signing authority on, a Rosedale Federal checking account within the past 90 days.
- The new Everyday Checking account must remain open and active for 180 days.
- To qualify for individual Welcome Rewards, within 90 days of opening the account, you must establish an active direct deposit to the account ($50 Direct Deposit Reward), make at least ten (10) purchases with your debit card ($25 MasterCard® Debit Card Reward), or complete at least two (2) bill payment transactions through Rosedale Federal Online Banking ($25 Bill Payment Reward). To obtain individual Welcome Rewards, simply notify Rosedale Federal that you have completed the rewards qualifications by contacting us or returning the Notification form to the Branch location that opened your account within 90 days of account opening. Notification should not be given until the individual reward requirements have been met and are evidenced in your account history. If notification is made prior to rewards requirements posting to your account, Rosedale Federal will not be responsible for ongoing monitoring of account activity for verification purposes. Your account will be credited within 30 days of notification and verification of rewards requirements. Welcome rewards are reportable for tax purposes.
- A qualifying direct deposit is defined as a recurring Direct Deposit of a paycheck, pension, Social Security, or other regular monthly income electronically deposited into a Rosedale Federal Everyday Checking Account. The Direct Deposit must be made by an employer or outside agency. Transfers from one account to another or deposits made at a branch or ATM do not qualify as Direct Deposits.
- Limit one Welcome Reward, per category, per new customer or account.
- If multiple accounts are opened with the same signers, only one account/customer will be eligible for the reward(s).
- For this offer, signing authority will be defined by the customer name(s) and social security number(s) registered on the account.
- In the event that we determine, at our sole discretion, that your account does not meet the eligibility criteria, we will not be obligated to credit your account with the reward(s). Offer may be extended, modified, or discontinued at any time without notice, but in no event, extend beyond six (6) months from the last published advertisement as determined by Rosedale Federal.
- 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
Account needs to be kept open for 180 days otherwise the bonus is forfeit
Our Verdict
A lot of requirements for a $100 bonus that needs to be opened in branch. In addition the bonus doesn’t look like it will automatically post and you need to manually notify them when the requirements have been met. Because of that we won’t be adding this to our list of the best bank account 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
