Offer at a glance
- Maximum bonus amount: $250
- Availability: Offer available to South Carolina and North Carolina residents only
- Direct deposit required: Yes, $500+
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Up to $1,000
- Monthly fees: None
- Early account termination fee: None listed
- Household limit: None
- Expiration date: None listed
Contents
The Offer
- REV Federal Credit Union is offering a $250 bonus when you open a new checking account and complete the following requirements:
- Receive a direct deposit totaling $500 or more within 60 days
- Enroll in eStatements
- Have $500 in debit card purchases within 60 days
The Fine Print
- Offer valid for a limited time.
- Member must be at least 18 years of age, have not had an open checking account within the last 12 months, and have not caused the credit union a loss in the past.
- Offer requires member to open a Qualified Checking Account3 (i.e. Premier or Bulldog Checking). Offer not available for account conversions.
- Offer limited to one $250 cash bonus per individual taxpayer identification number; requires qualifying direct deposit(s) totaling $500 or more into account within 60 days of account opening.
- A qualifying direct deposit is a recurring direct deposit of a paycheck, pension or other regular monthly income (including Social Security) electronically deposited into account per statement cycle.
- Personal transfers or deposits made at a branch, online or ATM are not qualified deposits for the bonus.
- Requires enrollment in eStatements.
- Must have an aggregated total of at least $500 in debit card transactions within 60 days of account opening and monthly thereafter.
- REV Federal Credit Union will fulfill bonus within 180 days of qualification.
- Any bonus earned will be deposited into the qualified checking account and held (frozen) until the account is 6 months old and released thereafter.
- Account must be in good standing to receive bonus.
- Bonus amount will be reported to the IRS for tax purposes.
- Offer may be withdrawn or changed at any time.
- Offer available to South Carolina and North Carolina residents only.
- 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 six months.
Our Verdict
Was offered nationwide earlier this year but that has been closed off. Will add this to the best bank bonus page.
Hat tip to reader Eric
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
