Offer at a glance
- Maximum bonus amount:Â $150
- Availability:Â live, work, go to school, or worship in Yolo County in CA
- Direct deposit required:Â Yes or $5,000 deposit
- Additional requirements:Â See below
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown, sensitive
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:Â None listed
Contents
The Offer
- Yolo Federal Credit Union is offering a bonus of $150 when you open a new checking account and complete the following requirements:
- Make sure you enroll in eStatements
- Make 5 Yolo FCU card transactions ($10 minimum per transactions)
- Establish direct deposit or a $5,000 relationship
The Fine Print
- Once you open your Checking account, make sure you enroll in E-Statements, then make 5 Yolo FCU Card Transactions—minimum $10 per transaction (debit or credit card) and establish Direct Deposit or a $5K relationship, you’ll be eligible to receive your bonus*.
- This offer is exclusively for new members. To qualify for membership you must either live, work, go to school, or worship in Yolo County, or have a relative that is a current Yolo FCU member. Current Yolo FCU members are not eligible for this offer.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
There is no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is an early account termination fee or not.
Our Verdict
Small geographical area, but if anybody goes for it then please share your experiences in the comments below.
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
Denied due to too many accounts, 6/6 plus yotta and cashapp
Denied due to Chex. Don’t know what I’m at, probably 10-15/12.
PSA: there’s actually a minimum balance requirement of $100 on the Savings account. Otherwise, there’ll be a $5 monthly fee.
————–
Your Yolo Federal membership is secured with a regular savings account, which has a minimum balance requirement of $100.00. The balance requirement is waived, and your savings account is free if:
§ Member is younger than 23 years old
§ Member receives a direct deposit each month
§ Member has a loan or deposit account with us that is greater than $5,000
Note: The account will be assessed a $5.00 fee each month if the minimum balance requirement is not met.
My time has come! I waited for years!
Always wanted to open a Yolo FCU to dump MOs but didn’t wanna do it without a bonus.
Any other DoC readers living in Yolo county? Lol.
11/09/20 early morning opened online and pending.
11/09/20 afternoon got a phone call confirming the account is opened and provided some instruction.
I actually work in Yolo County. There’s a branch about 3 miles from job. I will let you know how it goes.
Coming soon… “[Second floor residents of the Driftwood Village Apartments on South Vine Street only]”
Lol
I applied even though I don’t live in CA. YOLO
Do you know if it was a SP or HP?
Lol love the county name
they must be fun, living life on the edge
UC Davis is in this county. Went by there during picnic day the year YOLO became popular and they really got into using that phrase all over the parade.