Update 7/24/22: Referral bonus is now $100/$100 for both parties.
Update 4/21/21: Current $100/$150 referral offer will end May 7; new referral program will launch after that. Hat tip to reader Ben
Offer at a glance
- Maximum bonus amount: $100
- Availability: WA only
- Direct deposit required: Yes, $500+
- Additional requirements:
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: Up to $1,000
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: None listed
Contents
The Offer
- Verity Credit Union is offering a bonus a referral bonus. The person referring receives $100 and the person being referred can earn up to $100. Bonus requirements are as follows:
- Open checking account with direct deposit ($500 minimum)
The Fine Print
- Referred member must join Verity online and open a checking account with direct deposit.
- Direct deposit(s) totaling at least $500 must post within 60 days of account opening in order to qualify—IRS tax refunds or stimulus funds are excluded. Referral incentive will be paid to both parties within 2 weeks of direct deposit qualification date.
- Referred member must open new membership through online application at veritycu.com and not have been an owner of a Verity Prime Share Savings account within the previous two years.
- Cannot be combined with any other incentive offer.
- Youth memberships are excluded and you must be at least 18 years old to receive referral incentive.
- Bonuses are considered interest and will be reported on IRS form 1099-INT.
- Limited time offer and subject to change at any time. Federally insured by NCUA.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
The rewards checking account has no monthly fees to worry about
Early Account Termination Fee
According to the fee schedule, no mention of an early account termination fee.
Our Verdict
Not as good as the previous $200 deal that didn’t require a direct deposit. We will be adding this to our list of the best checking bonuses.
Hat tip to reader obrother & Beat2def
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
Can we say your my family also do you know which bureau they pool for Lending services?
Here’s my referral link: https://share.veritycu.com/email
Good luck to you all!
Haven’t had a referral yet but just earned my $10” off someone else’s. I’d appreciate it if you used mine!
https://share.veritycu.com/Hunter
https://share.veritycu.com/Anatolii
Here is fresh referral link
I submitted the application online on 07/19. Made a call on the same day to speed up the approval. The representative did not see my application and advised to wait two business days. 07/20 got an email to Docusign the account card. The account was approved right after.
Go to the website to enroll into online banking – IOS app doesn’t have the option to register a new user.
Chase was not able to authenticate adding the external account despite passing authorization.
Funded the accounts via Chase CC – coded as purchase.
Be sure to submit the ID copy and the proof of address during the application.
Long-time member / Thanks for considering me for a referral!
https://share.veritycu.com/mikercoppedge
Used your referral link.
Thanks Toli!
Can you let me know when/if they credit you with $100? Fortunately, when I qualified in 2020, they paid promptly.
The bonus has been paid today (Aug 8).
Thanks again, Toli. Your reply prompted me to check. Yes, I also received a $100 deposit on August 8. I appreciate the help!
Applied 6/14 and got approved today after providing drive’s license, lease, and SSN verification. Funded with Chase CFU for $1000 and coded as purchase. I had 7 chex checks in Apr and was asked to provide an explanation. They don’t accept AmEx or Discover for CC funding. Planning to do $500 fake dd from Chase. Let’s see how it works.
My referral link: https://share.veritycu.com/tianzhaoy
Used your referral. Thanks!
Thanks! Could you please keep me posted when $100 hits?
Hello CFMH,
I sent a message to Verity since I never received the referral bonus and they said I had left the name of referrer blank on the application. Would you mind sharing your name here in a reply or shoot me an email: benprefersyahoo@gmail.com. I couldn’t figure out how to PM users here on DoC. Thanks!
Sorry. Just emailed you. thanks!
Applied 5/27 and approved 6/1 after providing Driver’s License + Utility Bill via secure application portal. Funded $1,000 with Chase Ink Unlimited (CIU).
My referral link: https://share.veritycu.com/lahue
Used your referral. Thanks Ben!
Verity Credit Union $100 Personal Checking DP
– 5/27/23 – Applied online and application went pending; funded $1K with CIU and later posted as purchase
– 6/1 – Approved after providing documents and answering why I wanted to rejoin the CU
– 6/16 – $505 employer DD
– 6/21 – $100 bonus posted
Get a $100 Reward* when you join Verity Credit Union using my link! https://share.veritycu.com/mikercoppedge?advocate_partner_share_id=0f22d10ba2
Used your referral. Thanks
Michael !
Thank you, Ben!
I used Frank’s link and I have earned $100 after pushing $501 from schwab.
Here’s my referral link: https://share.veritycu.com/gt546469509
Good luck!
I used IC’s link — here’s mine:
https://share.veritycu.com/Aaron