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Offer at a glance
- Maximum bonus amount: $100
- Availability:Â Must live, work, worship, attend school, or volunteer in Monroe, Ontario, or Wayne counties located in New York State
- Direct deposit required:Â Yes, no minimum listed
- Additional requirements:Â See below
- Hard/soft pull:Â Soft pull
- ChexSystems:Â Unknown
- Credit card funding:Â Up to $500
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None listed
- Expiration date:Â December 31st, 2019
Contents
The Offer
- Reliant Community Credit Union is offering a bonus of $100 to people who are referred (the person referring receives a $50 bonus). The following requirements must be met:
- Open a new checking account with at least $100
- Maintain an average daily balance of $100+ for 90 days
- Sign up for online banking, direct deposit & eStatements
The Fine Print
- Membership eligibility is required.
- Limit one incentive offer per member/account and cannot be combined with any other offer.
- Bonuses are considered interest and may be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
- This credit union is federally insured by the National Credit Union Administration.
- Offers valid through December 31, 2019.
- $50 will be deposited into the referring member’s checking account or other qualifying deposit account within 60 days after the referred member joins Reliant Community Credit Union.
- To open in branch, the coupon must be completed in full by both parties.
- To open online, use promo code HolidayRefer50/REFERRING MEMBER’S NAME.
- For a qualified new member who 1) opens a checking account online or in-branch with a minimum deposit of $100 and maintains a $100 average daily balance for at least 90 days; AND 2) signs up for online banking, direct deposit and e-statements, $100 will be deposited into that account within 90 days of the account opening as long as direct deposit has been received and verified and $100 average daily balance has been maintained for at least 90 days.
- Offer is valid for new Reliant members only
- . Any member who has had an account with Reliant within the past 24 months will not qualify as a new member.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Easiest account to keep fee free is the free checking account with no monthly fees.
Early Account Termination Fee
According to the fee schedule there is no early account termination fee. You do also need to open a savings account and this has a $5 fee if your balance is under $100 (fee waived for first three months).
Our Verdict
Reliant has offered a $150 + $25 bonus in the past, obviously that is significantly better than this bonus. Unfortunately that hasn’t been offered in some time. This bonus is OK, but a lot of requirements for only $100. I guess it’s better if a loved one refers you. I won’t be adding this to the best bank account bonuses page, but feel free to share your referrals in the comments.
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