Offer at a glance
Maximum bonus amount: $150
Availability: CO only
Direct deposit required: No
Additional requirements: See below
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: Unknown
Household limit: None
Expiration date: None listed
The Offer
Credit Union of the Rockies
Option One –$75 for you, $50 for your friend
Open a new savings and checking account.
Obtain a debit card and complete a minimum of 15 transactions within 90 days of account opening.
$75 will be deposited into your account, and $50 will be deposited into your friend’s account.
Option Two – $75 for you, $50 for your friend
Open a new savings account.
Deposit a minimum of $5,000 of new money into a CD.
$75 will be deposited into your account, and $50 will be deposited into your friend’s account.
Option Three – $150 for you, $100 for your friend
If your friend completes all the steps mentioned above, they will receive $100, and you will receive $150!
The Fine Print
Existing Member: Membership and account qualifications apply. You are eligible for the $75 reward if your referral: 1) becomes a new member; 2) meets membership and account qualifications; 3) opens a new Credit Union of the Rockies savings and checking account; 4) obtains a Credit Union of the Rockies Visa debit card and completes a minimum of fifteen (15) transactions within the first 90 days of account opening; and 5) keeps the new checking and savings accounts open for at least 90 days OR if they: 1) become a new member; 2) meet membership and account qualifications; 3) open a new Credit Union of the Rockies savings account; 4) deposit a minimum of $5,000 of new money into a Certificate of Deposit; and 5) keep the new savings account open for at least 90 days. You are eligible for the $150 reward if your referral completes all the terms mentioned above. Account must be in good standing. Reward is tax reportable. See a tax professional for tax advice. Please allow 2 business days upon completion of the reward requirements to receive the deposit into your primary Credit Union of the Rockies savings account. Cannot be combined with other offers or used for an existing account. Offer may be modified or withdrawn at any time at Credit Union of the Rockies’ sole discretion.
New Member: Membership and account qualifications apply. The reward is limited to one (1) unique primary account owner of one (1) new Credit Union of the Rockies account. You are eligible for the $50 reward if you: 1) are a new member; 2) meet membership and account qualifications; 3) are the primary owner of the new Credit Union of the Rockies savings and checking account; 4) obtain a Credit Union of the Rockies Visa debit card and complete a minimum of fifteen (15) transactions within the first 90 days of account opening; and 5) keep the new checking and savings accounts open for at least 90 days OR if you: 1) are a new member; 2) meet membership and account qualifications; 3) are the primary owner of the new Credit Union of the Rockies savings account; 4) deposit a minimum of $5,000 of new money into a Certificate of Deposit; and 5) keep the new savings account open for at least 90 days. You are eligible for the $100 reward if you: 1) complete all the terms mentioned above. Account must be in good standing. Reward is tax reportable. See a tax professional for tax advice. Please allow 2 business days upon completion of the reward requirements to receive the deposit into your primary Credit Union of the Rockies savings account. Cannot be combined with other offers or used for an existing checking account. Offer may be modified or withdrawn at any time at Credit Union of the Rockies’ sole discretion.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
In touch checking account has no monthly fees to worry about.
Early Account Termination Fee
I was unable to find a fee schedule so unsure if there is any EATF.
Our Verdict
Requirements seem easy to meet and obviously a good bonus if you can refer some friends. Feel free to share your referral in the comments below along with whether it’s a hard or soft pull to open.
Hat tip to reader Gadget
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