Offer at a glance
Maximum bonus amount: $100
Availability: CA only
Direct deposit required: No
Additional requirements:
Hard/soft pull: Soft without overdraft protection
ChexSystems: Unknown, sensitive
Credit card funding: None
Monthly fees: None
Early account termination fee: Unknown
Household limit: None
Expiration date: None
The Offer
Patelco Credit Union is offering a referral bonus of up to $100 to the person being referred. Bonus is as follows:
Earn $50 by becoming a member and opening a checking account (with a $100 minimum deposit).
Earn an additional $50 bonus when they open a Money Market Plus or Money Market Select account
Person referring receives a $50 bonus when the new member opens the checking account, up to a maximum of $500.
The Fine Print
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Neither account has any monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Feel free to share your referral information in the comments below. Looks easy to meet the requirements as you just need to open the accounts.
Hat tip to reader Dr Churn
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