Update 11/2/23: New terms are as follows:
- Open a new Free Checking with eStatement, Premier Checking, or Student Checking account and get a $25 bonus one week later.
- Set up direct deposits totaling $5000 or more and get a $275 bonus 180 days after opening your account
Update 11/1/23: Terms have changed, will update post soon.
Update 10/23/23: New $300 bonus:
- $100 after opening
- another $200 after one direct deposit
- New promo code is Purpose
Should also be nationwide if you donate $5.00 to KPBS. This cannot be stacked with a referral according to terms, so do not share your referrals in the comments below.
Hat tip to SA
Update 12/28/22: Now called BluPeak.
Update 3/30/22: There is now a landing page for this offer, should be available to all rather than specific addresses now. Hat tip to redvwmicrobus
Offer at a glance
- Maximum bonus amount: $300
- Availability: CA only. Everyone who lives, works, or worships in the California counties of Alameda, Sacramento, San Diego, Santa Clara, or Yolo.
- Direct deposit required: Yes, $250+
- Additional requirements: eStatements
- Hard/soft pull: Soft pull (report of hard pull). Might be soft pull in branch and hard online
- ChexSystems: Yes
- Credit card funding:
Up to $1,500 per accountNone - Monthly fees: None
- Early account termination fee: $15, 90 days
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- USE Credit Union is offering a $300 checking bonus when you use the promo code NewMover. Bonus is broken down as follows:
- $50 for opening a new checking account
- $50 for setting up direct deposit of $250+ per month within 90 days of account opening
- $100 for keeping account open six months (direct deposit must continue monthly)
- $100 for keeping your account open one year (direct deposit must continue monthly)
The Fine Print
- Must be 18 years of age
- Member must use code NewMover at account opening to receive this offer.
- Bonus payments subject to tax
- Must be a new USE Credit Union member and meet membership eligibility and account opening criteria
- 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
$15 fee if closed within 90 days of account opening according to the fee schedule.
Our Verdict
Previously the best bonus was a $100 referral bonus. Obviously this $300 bonus is much better but we don’t know if this is somehow targeted to specific addresses and mixed datapoints of hard/soft pull. Because of that we won’t be adding this to the best checking bonuses for now.
Hat tip to Angela L
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
This cannot be stacked with a referral according to terms, so do not share your referrals in the comments below.
Verified by Bank ?
Just a friendly reminder that for those of us in two player mode the referral method ($200 each) works out better. Obviously no reason to post a referral in comments if you are in two player mode though.
That works out better than the $300 offer by itself but the $100 referral offer (total of $500) works out better than the $200 referral offer (total of $400).
IF it’s actually stackable..hoping for the best when the time comes to collect
The $100 referral offer is no longer available so it is a moot point for new applicants.
this link still works is this offer still valid or expired? ty
The $300 offer the link gives you is still good and worth doing.
It’s a different offer though. The terms have changed (for the better; you will get your full bonus faster).
So disregard the fine print in DoC’s post and follow the new terms from BluPeak.
Open the 5.33% money market savings at the same time, if you want it, because it’s only available to new members upon joining.
Time to close the accounts, as CC funding is no longer allowed. Does online message work for closing the accounts?
Don’t try this bonus. The company is hard to deal with. The website is difficult to use and the bank is horrible. P2 achieved 2 DDs of 500 each as required for a $75 bonus (the bank nerfed the bonus to $75) and they are denying P2’s bonus saying P2 did not make enough DDs and failed to signup for another product. I would continue to argue with them, but it’s not worth the $75. In addition, the website is extremely hard to use.
The 2 DDs that your P2 did is correct. However, BP is correct that you needed to open “a savings or money market account or term certificate” in addition to the checking account for the referral bonus. Did they do that?
Yup! Too bad I didn’t check here first. my new card just came in the mail today. Was able to do $2k on another CU though!
Which CU?
Sec+
I recently had a CD auto renew with them for a measly .25%. Does anyone know if you can withdraw early for a penalty or anything like that?
I sent in a SM but wondering if there’s any DPs.
Per the FAQ on the website….
Is there penalty to withdraw from a Term Certificate?
Yes, there is a penalty to withdraw from a Term Certificate prior to its maturity date.
Original term of less than one year: 90 days’ worth of dividends.
Original term of one year or more: 180 days’ worth of dividends.
If you just started the term I would think they would allow you to just drop it without any penalty… But I could be very wrong.
The Certificate contract says:
“Automatic Renewal: This certificate account will automatically renew at maturity to a non-promotional certificate with a like term
at the dividend rate and APY in effect at the time of renewal for a non-promotional certificate with the same term, minimum
balance and other account features, unless we notify you 30 days prior to maturity. You have 10 business days after maturity
(called the grace period) to make deposits to or withdrawals from the funds provided the minimum balance requirements are met.
Dividends remaining in the certificate after the maturity date and grace period become principal of the renewed term certificate. ”
Send them a secure message. They moved the funds form the auto-renewed CD to my savings account same day.
The $300 new member (Welcome/Purpose/whatever) bonus link has been dead for the past week or so. Which means, like a broken clock, the title is indeed accurate for the moment…
That’s a good find by you. The $75 referral offer is still active. However,
William Charles has told me in the past that he prefers to post $100+ offers to the site so I doubt that he will update the post to that offer.
As of 04-05-2024, the ability to fund an CD account with a credit card, at Blupeak FCU, is no longer available to me. Is this happening to anyone else?
Didn’t work for me when trying to add a money market acct.
Yes RIP
Yes it looks like that is true… RIP 🙁
Where do we degenerates move to?
We need a new home.
do your own research
do your own research
YES!!
oh, still working thursday april 4th. too bad.
I originally applied online, but they requested I send a paper application in notarized (I did, I am OOS). They told me they attached the promo code via phone confirmation. I already received the $25 bonus for having a new account.
For the $275 bonus requirement I did 5x $1000 wise ACH’s with reference: “PAYROLL” that all fall on the same day in March. This meets the fine print requirements of having 5 DD’s within the first 180 days that aggregate $5000. This portion of the bonus wont post until sept – oct 2024. Although unsure if having all the dd’s fall on the same day matters or not.
Even though it might end up working, I don’t think that it’s a very good idea to have 5 “fake” DDs arrive on the same day.
Opened new checking for account funding (not the bonus). Submitted AMEX Biz Plat with app for funding and was told via SM they don’t accept AMEX. Gave them a Chase Freedom Unlimited, which worked for $1490.
However, they still show 5.33% APY at the below link. They will probably be updating that shortly.
https://www.blupeak.com/spend-save/money-market/
I’m seeing the same thing on my Max Money Market. I think these are the same accounts and they just keep renaming it. Now the new member application has a “High-Rate Money Market” with a 5.00% APY (which is equivalent 4.89% APR), so Preferred Savings ➔ Max Money Market ➔ High-Rate Money Market.
I wouldn’t count on them updating the link anytime soon. They’re pretty bad at keep the website updated.
Scratch that, the application has both a “High-Rate Money Market” and a “High-Rate Savings” that earn the same rate. So maybe they are all different accounts that are just tied to the same rate.
Also, both of those accounts are available on the current member application as well.
Wow! I wonder if they still have CC funding. That’s $3k towards a signup bonus if you can open both of them. 😀
IIRC you’re not limited to one of each account type. Application still shows $1500 limit for CC funding. I’m waiting for monthly fee info to come out on these accounts before pulling the trigger.
Why are you anticipating monthly fees?
Looks like they did update the website and the new accounts don’t have fees.
I find it odd that their regular savings account with a lower APY does have a monthly fee, so I wanted to make sure they didn’t wise up and change that for these new accounts.
I think the cc funding limit of $1,500 is per application not per account. So when opening two accounts in one application, the cc funding is $1,500.
It is limited to $1500 per application, so you just submit two separate applications.
That’s why you need to do separate applications.
So far I’ve done:
Free Checking/Preferred Savings
Max Moeny Market
3 Mo CD
9 MO CD
12 Mo CD
I can’t believe this gravy train will keep going, but if they keep wanting to pay interchange fees to open deposit accounts for me, I’m happy to allow them to, while snagging Sign Up bonuses in the process.
cc funding not showing any more today!
Well done fellas!!
I guess in the future we should not respond to comments that are confused about how the CC funding works.
They must have just done it bc I checked the rate in my sav acct yesterday or today and it was still 5.2 or 5.21, and now its 4.89.
Is anyone using the max Money Market as a spending account?
Like, update all your auto-pays for credit cards etc to pull from that account?
5.33% on my spending cash would be significantly more than what I’m using currently getting on my checking account elsewhere, but with my luck as soon as I update all my accounts, BluPeak would nerf the interest rate. 😀
Way to jinx it! 🤣
TJ
hey, the 4.89% is still pretty good!
4.89% is the APR. It’s 5% APY, which is higher than AA currently is.