Update 6/18/25: Bonus is $150 on Topcashback and $100/10,000 on Rakuten (ht snailrock)
Update 4/8/24: Bonus is now up to $140.
Update 10/18/23: Bankbonus is now offering a $100 bonus.
Offer at a glance
- Maximum bonus amount: 6,000 Swagbucks ($60) or 12,000 MyPoints ($75-$80)
- Availability: Nationwide
- Direct deposit required: None
- Additional requirements: $1,000 initial deposit
- Hard/soft pull: Unknown
- ChexSystems:Â Unknown
- Credit card funding: Unknown
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None listed
- Expiration date:Â Unknown
Contents
The Offer
Swagbucks link | MyPoints link
- Swagbucks is now offering a tiered bonus of up to 14,000 Swagbucks (worth $140) when you open a new ValleyDirect account. Broken down as follows:
- Deposit at least $1,000 to earn 8,000 SB!
- Earn 2,000 SB for deposits between $3,001.00 and $5,000.00.
- Plus! Earn an additional 4,000 SB for deposits over $5,001.00
Points will appear as Pending for 32 days.
Our Verdict
There’s no timeframe stated where you have to hold the $1,000 in the account. And so it should be an easy $60-$75 immediately with the initial $1,000 deposit. You won’t get a 1099 from the bank, and legally you’d presumably have to self-report the $60 income (please consult a tax advisor).
Separately, the account actually offers a nice 5% 4.8% APY interest rate.Â
Hat tip to reader usdailyrewards
06/18/2025 – Signed up thru TCB (confirmed tracking)
06/20/2025 – Xferred $1k from Lending Club
08/04/2025 – $150 TCB bonus posted
08/05/2025 – Xferred $150 to Ally Savings
Estimated payout date was originally 14 weeks from account opening (09/24 for me) so this was a nice surprise! 😀
6/18: Opened through TopCashBack, instant approval
6/23: $1005 opening funds posted
8/4: TopCashBack $150 opening bonus went payable
Easy peasy. I don’t need this account so I’ll leave a few dollars in it and close it out in about 6 months.
My TCB $150 cashback became payable 8/1/2025 (I opened the Valley Direct account 6/15/2025).
Finally got the confirmation number SUB-XXXXXXX from Valley Direct by calling 866-899-9900. Hopefully this will be enough for Topcashback to process my missing cashback claim. The agent even asked me whether the confirmation number was for topcashback, so I found the right department. Previously sent a secure message and also called a different customer service number but got nothing useful.
I had the same experience as you (again). Got the confirmation number from a Valley Direct customer care agent and provided that to TopCashback. TopCashback said it can take up to 2-3 months to get a response from the merchant network. See you in October/November.
P1: applied via TopCashBack 08/01/2025, went pending, about two hours later email denial citing Chex yet no inquiry was made. Stats: 0/1, 7/3, 12/6, 23/12, 40/24
P2: applied via TopCashBack and instantly approved, email about an hour later from TCB stating it tracked. Chex inquiry, stats: 1/1, 4/3, 5/6, 18/12, 31/24
How long do we need tokeep this open, funded with 1K, asked for id upload. Lets see if it gets app.
The interest rate is over 4%, and no bogus fees, so there is no reason to close this one out before your bonus is available/paid
Thats a good point, btw, account approved after upload ID yesterday.
Lets hope TCB actually pays out.
For anyone that has had to provide ID to Topcashback, are they asking that you take a picture of your ID and send it as an email attachment to the rep? That’s the feeling I got when they asked. I never bothered to continue the convo when they did that but now I’m curious if my presumption was wrong.
The Rakuten offer is at $50.
Denied for Chex. 22/24, 17/12, 7/6, 2/3, 0/1
Will the pending cash award drop of account is closed before award goes from pending to available status on top cash back?
14 weeks payout is insane
The interest rate is over 4%, and no bogus fees, so there is no reason to close this one out before your bonus is available/paid