Offer at a glance
Maximum bonus amount: $200
Availability: Calaveras, Fresno, Kern, Kings, Madera, Mariposa, Merced, Sacramento, San Joaquin, Stanislaus, Tulare, and Tuolumne Counties. in CA
Direct deposit required: Yes, $750+
Additional requirements: See below
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: None
Household limit: None listed
Expiration date: None listed
The Offer
Valley First Credit Union is offering a $200 checking bonus when you following requirements are met:
Have an established direct deposit of $750/month or more
are enrolled in Online Banking and are enrolled in eStatements
The Fine Print
Offer effective November 14, 2022 and subject to change or cancel with out notice. Offer does not apply if you have an existing Valley First Credit Union checking account or have closed a Valley First checking account within the last 12 months, including joint account ownership.
$200 bonus will be credited to your new Purple Checking account 100 calendar days after account opening providing the following conditions have been met: Have an established direct deposit of $750/month or more, are enrolled in Online Banking and are enrolled in eStatements. Account must be open and in good standing to receive Bonus. Bonus Dividend will be reported as interest (dividends) assumed on IRS Form 1099-INT. Recipient is responsible for any applicable taxes. Offer cannot be combined with any other offer. New accounts subject to ChexSystems. Membership eligibility requirements apply. Membership requires a Primary Share Account opened with an initial $25 deposit plus a $5 one-time membership fee, for a total of $30.
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
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Don’t know much about this bank so please share your experiences below.
Hat tip to Gadget
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