Offer at a glance
- Maximum bonus amount: $200
- Availability: You must live, work, worship or attend school in the counties of Clark, Washoe, Nye, or reside at Nellis Air Force Base, Nevada
- Direct deposit required: Yes, $1,200+
- Additional requirements: See below
- Hard/soft pull: Soft (according to CSR)
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $5, not avoidable
- Early account termination fee: $20, 90 days
- Expiration date: June 30th, 2017
- Household limit: None
The Offer
- Open a new One Checking Rewards account with One Neveda Credit Union with the promo code CA060 and receive a bonus of $200 when you complete the following requirements:
- Receive debit card
- Have online or mobile banking
- eStatements
- Monthly direct deposit of $1,200 or more
- This account also lets you earn 0.5% cash back on signature-based debit card transactions (PIN-based do not count)
The Fine Print
- Not available to accounts closed within the last six months or current members. One bonus per membership.
- One Checking Rewards Account, which is subject to approval, must be in good standing open 90 days to get $200 cash bonus.
- Account must have a debit card, online or mobile banking, E-statements and a monthly direct deposit of $1,200 or more to qualify for $200 cash bonus.
- Direct deposit must be a payroll from your employer or government benefits (such as a pension or Social Security).
- Upon confirmation of requirements, bonus will be posted to your account within 10 business days after the 90-day period after account opening.
- Offer ends June 30, 2017.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
There is a monthly fee of $5 that cannot be avoided (although this is not charged for the first 90 days), in addition there is an early account termination fee of $20 if the account is closed within 90 days of opening.
Our Verdict
Hard to really comment on whether this is a good or bad deal without more information. If anybody signs up for this offer, please share your datapoints in the comments. In the mean time, everybody else can check out the checking promos we do recommend here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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
http://creditunionwatch.blogspot.com/search/label/Nevada%20Federal%20Credit%20Union
That’s a new one to me. But I like the possibility of a bonus on signup and a bonus on signoff 🙂
I just signed up for the offer. There is on credit card funding and there is not hard pull/credit check. Rep said that once the DD funding is done it’s usually a few weeks when the put the $200 in your account. To offset the $5 charge they pay you for for using the debit card.
How were you looking to meet DD requirements? Were you planning on having your paychecks sent there? Or use another ACH push?
I’ll have two $600 paychecks sent there. Then it’s an easy $200.
Signed up for this account yesterday. ID verification failed on the online application, so I went into a branch. They were able to set up the account with the $200 bonus offer. They stated I would need $1,200 in DD monthly and they took care of everything else I needed, setting up online account, debit card and e-statements. Banker told me if my rewards back (.5% back on signature transactions) wasn’t hitting $5/month (waived the first 90 days) then the rewards account may not be for me and to downgrade my account to the regular checking after the 90 period. Happy there is finally a bonus for people in NV.
Hi,
seems like an easy and profitable offer for people in Nevada like myself.
Since I’m kind of new to this, question to William (and thanks btw for all the work you put into this) or any others who might now or at least have a strong opinion about it:
Since afaik there are no datapoints yet (?), what does likely count as a direct deposit? As in, with similar offers (by smaller regional banks) in the past, what was more often than not the outcome?
E.g. do an ACH transfer from a CO 360 account (my first bonus i recently got by using this site, thanks 🙂 ) or a transfer from Paypal enough to meet the $1200/month DD requirement?
And yes, I’m aware of the official DD requirements, but looking for a way around it.
Normally any ACH will work, but sometimes banks will manually check. From what I’ve seen, transfers from a prepaid card (e.g Serve) almost always work. Paypal is hit and miss and any ACH usually works. Sometimes it can be best to just use a scatter gun approach, but that means you won’t be able to provide any useful datapoints to other reader!
No hard inquiry as per customer service email:
“We do not run credit when opening an account therefore applying would not affect your credit.”
Hi, I am planning to open this account as I live in NV.
How can I find out if the bank did a hard or a soft pull on my credit while opening ?
Also, how can I find the about the ChexSystems inquiry as mentioned in the blog post ?
Thanks
Without prior data points, there’s no way to know. You can search around on the Internet to see if someone out there has a data point that was missed by the bloggers. You can wait and hope that someone else will come around and post their experience, but you can’t expect that, especially for an offer with such a small amount of prospective candidates.
You can’t know about hard/soft pull until after opening unless somebody else has provided a datapoint. You can check afterwards if you monitor your credit (more info here: https://www.doctorofcredit.com/whats-best-cheapest-way-monitor-credit/).
In terms of ChexSystems, only way to know again is to wait for a datapoint or by your ChexSystems report and see if it shows up.
I am trying to provide a data point. Hence I am planning to volunteer to open an account.
What I am trying to understand is that – if my account is approved – How would I know if it was a Hard Pull or a Soft Pull.
Do I need to sign up for some service before filling out the form and a pull on that service would tell me that it is a hard pull.
You’ll need to sign up for a service and they will alert you to whether a hard pull is done. All the services are free, you can read more information here: https://www.doctorofcredit.com/whats-best-cheapest-way-monitor-credit/
An account with an unavoidable fee would probably make me more headache.
As mentioned above, at least it’s waived for first 90 days so should only have to pay it once.
$5 monthly fee is waived during the first 90 days. I’m guessing you can try to close it right after 90 days to avoid early termination fee and only get hit one $5 fee.
You may want to keep it open for at least 10 business days after the 90th day because:
Upon confirmation of requirements, bonus will be posted to your account within 10 business days after the 90-day period after account opening.
Good catch, added this. You’ll likely need to pay it once to get the bonus though.
Awesome bonus for Nevada. Thanks for posting. I still have my Nevada drivers license so I will be taking advantage of this.
Hard/soft pull?