Offer at a glance
- Maximum bonus amount: $100
- Availability:
- Alexandria, VA
- Arlington County, VA
- District of Columbia
- Falls Church, VA
- Frederick County, MD
- Montgomery County, MD
- Direct deposit required: No
- Additional requirements: Deposit $5 into share savings
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Bonus forfeit, six months
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- SkyPoint Federal Credit Union is offering a $100 referral bonus to both parties. New user must deposit at least $5 in share savings
The Fine Print
- Refer a new SkyPoint FCU member and both, you, and the member you referred, will earn $100 when they open a checking account.
- All new accounts must meet membership eligibility requirements and account opening verification requirements.
- Referring member account must be in good standing.
- A referring member may receive multiple incentives for referring new members (5 new members) who meet the criteria for membership, up to $500 in incentives per calendar year.
- Referral incentive will post between day 91-120 after account opening.
- Incentives will be deposited into the member’s saving account, please see the savings rates for Annual Percentage Yield (APY). APY is subject to change.
- Must present referral code at the time of account opening.
- Incentives may be reported to the IRS.
- Early closure penalty: if referred account is closed within 6 months of opening, the incentive paid out will be deducted from the available balance.
- Must be 18 years of age or older to qualify.
- New members must deposit $5 in the share savings at account opening, but there are no other account opening minimums or balance requirements for this promotion.
- 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
Bonus forfeit if closed within six months
Our Verdict
Bonus seems very easy, even better if you can refer a few people. Feel free to share your referrals in the comments below.
Hat tip to reader Shawntheshawn
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
