Deal has ended, view more bank account bonuses by clicking here.
Update 1/2/24: March 31, 2024
Update 11/30/23: extended until 12/31/23
Update 11/13/23: Extended until November 30, 2023.Â
Offer at a glance
- Maximum bonus amount:Â $750
- Availability:Â live, work, worship, or attend school in the communities we serve in NY
- Direct deposit required:Â Yes, $150+
- Additional requirements:Â See below
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:$15 fee for account closed within 0-3 month
- Household limit:Â None
- Expiration date:Â October 31, 2023
Contents
The Offer
- Broadview Federal Credit Union is offering a checking bonus of up to $750. Bonus is broken down as follows:
- Create a new recurring direct deposit of at least $150 and earn $150
- Earn a bonus of up to $600 when deposit $15,000 – $100,000+ and maintain it for 60 days. Tiers are as follows:
- $15,000 – $49,999.99: $150 bonus
- $50,000 – $99,999.99: $300 bonus
- $100,000+: $600 bonus
- Above also applies to share certificates but with different tiers (also needs ot be maintained for 60 days)
- $100,000 – $249,999.99: $150 bonus
- $250,000 – $499,999.99: $300 bonus
- $500,000+: $600 bonus
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Checking account has no monthly fees to worry about.
Early Account Termination Fee
$15 fee for account closed within 0-3 month
Our Verdict
Savings rates are 0.15%. In terms of the savings bonus you’re better off putting the funds into a high yield savings account earning 5%+ instead (e.g if you put the $100,000 required for a $600 bonus in a 5% account you’d earn $800+). 3 month share certificate is 3.92%, again you’re better off putting the funds into a high yield savings account ($1250 in a 5% account and $1130 total in the share certificate on the lowest tier and gets worse as you go up). The $150 direct deposit bonus is worth considering for some.
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
It looks like this has expired now.
Looks like this has been extended again into 2024. Also the $150 $15K Preferred Savings offer might be worth doing for some as the account would earn 1.75% interest plus $150 bonus would yield a little less than 7.75% given you’d like need the money in there for a little more than 60 days.
Has anyone tried this one by joining one of the organizations? If so, which one?
DP- Did recurring direct deposits, Sept, Nov, Dec Vanguard monthly dividend DD’s to Broadview spanning about 60 days; got $150 SUB Dec 6.
Looks like extended until 12/321/23
Title should really say $150-750.
Updated
Broadview’s offer (via your Offer link) begins “There are THREE ways to earn money!”
and lists them:
#1 $600 Cash In for depositing $100,000 and up
#2 $600 for opening a CD with $500,000 and up
#3 $150 for a recurring direct deposit of at least $150
————-
$1,350 total
Yeah we only really covering the checking bonus
$15 fee for account closed within 0-3 months:
William Charles
https://www.broadviewfcu.com/globalassets/bvfcu/pdfs/account-fee-schedule.pdf
Branches are all upstate.
Under eligibility I saw American Cancer Society, but I wonder if you still have to “live, work, worship” in N.Y?
You have $15,000 to deposit and hold for 60 days, and do a direct deposit, just for $150?
It looks like the direct deposit bonus and the two tiered deposit ones are all separate