[AL, FL, NJ, & NY Only] Valley National Bank $400 Checking Bonus

Update 8/20/24: Had this listed as AL, CT, D.C., MD, VA, WV, FL, NJ, NY, and PA Only but this is actually AL, FL, NJ, & NY. Online opening actually works nationwide by the looks of things but chexsystems sensitive online so most will need to head to a branch to get approved.

Offer at a glance

The Offer

Direct link to offer

  • Valley National Bank is offering a sign up bonus of $400 when you open a new Valley All Access Checking+ and completing the following requirements:
    • Receive two or more qualifying direct deposits with a cumulative total of $7,500 or more within 90 days of account opening

The Fine Print

  • Minimum to open is $100.
  • No monthly maintenance charge for 12 months from account opening.
  • After that, monthly maintenance charge of $15 will be incurred if daily balance of $99 is not maintained.
  • To receive the $400 reward, the account must receive two or more qualifying direct deposits with a cumulative total of $7,500 or more within the first 90 days from the date of account opening.
  • Qualifying direct deposits are defined as recurring payroll direct deposits or electronic deposits of pension or government benefits such as Social Security that are made by an employer or other payer using the account and routing numbers that you provide to them.
  • Transfers from one account to another, online or mobile banking deposits, or deposits made at a branch or ATM do not qualify as direct deposits.
  • This reward is being provided for the use of the product and services established.
  • The one-time $400 reward will be credited into your account within 30 days after: (1) the qualifying direct deposit requirement has been satisfied and (2) the account has been opened for a minimum of 90 days. Reward may be reportable as taxable income.
  • To be eligible for the cash reward, all account holders must have no other Valley personal checking accounts within the one-year period preceding the date of account opening.
  • The reward is limited to one per Valley All Access Checking+ account.
  • All subsequent checking accounts opened by the account holder(s) after the initial checking account will not be eligible for the promotional reward.
  • Offer may be withdrawn or modified without prior notice.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

$15 monthly fee:

  • Waived for first 12 months
  • After that, monthly maintenance charge of $15 will be incurred if daily balance of $99 is not maintained

Early Account Termination Fee

There is no early account termination fee.

Our Verdict

Unfortunately they are ChexSystems sensitive. This is a better offer than the $20 per month offered in the past. Worth doing if you have a low Chex count and maybe worth trying to do in branch with a higher count but I suspect most readers will be denied. We will add this to our best bonus page though.

Hat tip to Bank Account Bryan

Useful posts regarding bank bonuses:

View Comments (478)

  • Opened 8/29 with $100. 3 payroll DD totalling $8,496 last one on 10/11/2024. Still nothing. I sent them a secure message and they told me ..."The credit would apply in the 91-120 day timeframe. "

    But its been 114 days since account opening and more than 60 days since the last DD. i wiil call next.

  • I was able to get this bonus with P2 with a Georgia address. Opened 9/4, three $2600 DDs through the job and the $400 bonus posted 12/9.

  • Applied through MP/RU, with chex frozen, was instantly denied. Denial email citing chex. Then tried to apply for the savings through SB after seeing some previous DP that savings application might be less chex sensitive and after becoming a customer it might be possible to get checking approved with high chex, thawed chex before applying for savings, chex was instantly pulled and the application was denied. Denial email cited chex score.

  • is this still CHEX sensitive online? I'm seeing it on Swagbucks for 9600sb + the $450 bonus. I'm not in any of the states listed

    • i tried today but didn't feel like waiting the 23 minutes so i just bit the bullet and sent a letter

      • update: after i sent the letter over email they said i had to call. so i called and they closed it no questions asked

  • Datapoint:

    Account opened with $100 on 9/1
    Final real DD completed on 10/31
    Bonus posted on 12/2

  • DP

    Account opened with $100 on 8/28
    Real work DD over the next few weeks/months
    Bonus posted on 11/26