Update 6/1/24: Deal is back until December 31, 2024. Hat tip to reader Bockrr
Offer at a glance
Maximum bonus amount: $100
Availability: Ohio, Cincinnati area only
Direct deposit required: Yes, $100+
Additional requirements: eStatements
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: Unknown
Household limit: None listed
Expiration date: October 31st, 2019 December 31, 2024
The Offer
River Valley Credit Union is offering a bonus of $100 when you open a new checking account and complete the following requirements:
eStatements
Complete a direct deposit of $100+ within 60 days of account opening
The Fine Print
$100 deposit will be made into your new River Valley checking account within 30 days of the first direct deposit of $100 or more being made.
Direct deposit must be made within 60 days of River Valley checking account opening.
Must provide proof of bank account closing or complete River Valley switch form.
Current checking account holders do not qualify.
$100 promotion may be modified or cancelled at any time without notice.
Offer expires 10/31/19.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Simple checking account has no monthly fees to worry about
Early Account Termination Fee
I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee or not
Our Verdict
Still need to know if this is a hard or soft pull to open. As always if you decide to sign up for this account and bonus please share your experiences and datapoints in the comments below.
Hat tip to reader Joe F
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