Update 8/20/24: Another variation that is $1,000 direct deposit but no other requirements.
Update 6/29/23: There is a $200 checking bonus.
Offer at a glance
- Maximum bonus amount: $100 for both parties
- Availability: AZ only
- Direct deposit required: Yes, no minimum specified
- Additional requirements: 30 transactions
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: $25, 90 days
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Desert Financial Credit Union is offering a $100 referral bonus to both parties. The person signing up for a new checking account has to be referred by an existing member and complete the following requirements:
- Receive at least one direct deposit within the first 90 days
- Have at least 30 posted transactions during the first 90 days
The Fine Print
- Refer-A-Friend cash bonus offer valid for a limited time only. New member must present completed Referral Form at time of account opening and establish a Membership Savings and Checking account. New members cannot have any existing accounts (primary or joint owner) within the last 12 months. Member and
referee cannot begin credit union membership on the same business day. - To receive the cash bonus, the new checking account must meet the following criteria within the first 90 days:
- 1. Minimum of 30 posted transactions and
- 2. Establish direct deposit.
- 3. Must be open and cannot be delinquent (more than 30 days) at time of bonus payment. Bonus will be deposited into the qualifying Checking and referring member’s account within 10 business days in the month following the end of the first 90-day period if qualifications are met.
- Referring member must have an open and active share account at time of bonus payment and be at least 18 years of age. Employees of Desert Financial Federal Credit Union, its subsidiaries, affiliates, or agencies and their immediate family (including spouse, parents, siblings, children, grandparents or grandchildren) are not eligible for bonus offer.
- Bonus amounts are subject to all applicable taxes and the responsibility of the member.
- Bonus cannot be combined with any other account opening offer.
- Referrals limited to five per member.
Avoiding Fees
Monthly Fees
The free checking account has no monthly fees to worry about
Early Account Termination Fee
There is a $25 fee if closed within 90 days.
Our Verdict
Feel free to share your referral information in the comments below. Now that we know this is a soft pull we will add it to our best bank bonus page.
Hat tip to reader EW
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- Introduction To ChexSystems
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View Comments (142)
another DP
11/19 went in branch
banker request SSN card to be present in order to open the account, perhaps recent Chex
DP DD Data Point Direct Deposit for Desert Financial Credit Union.Mercari ACH transfer works to trigger. It shows up on description: Salary/Regular Income from Mercari Group
I tried Betterment and Chase but I doubt they worked. It shows up on description:
-Transfer from Jpmorgan Chase Bank
-BETTERMENT TRANSFER DEBIT FILE XXX XXX (where XXX is my full name)
Just applied with the $600 link https://www.doctorofcredit.com/best-bank-account-bonuses/#comment-1803680. Thanks to @guest_1361653 for mentioning it, otherwise I would've not found it.
DP Opened both savings and checking, so got $1200 cc funding (credit card). I used Chase Ink Business Unlimited and it coded as purchase, no cash advance CA. @2 @6
ASU offer is 500dd/200 for asu students or 1000dd/400 for asu employees(according to banker)
09/03/24 open in branch, Chex checked
09/09/24 chase biz ach 500+
09/13/24~09/30/24 10+ debit trans
10/10/24 pending...
$200 link for $1000 direct deposit, no transactions needed
https://solutions.desertfinancial.com/200-offer
Thanks, added to post.
Does anyone need a referral? I have a $100 referral for this offer
email me 2023removeme2023 at gmail .com
12 month language. Applied OOS using Tom Macdonalds link below for the $200 bonus. Under review. Allows $600 CC funding. I previously churned this bank few years ago.
DECLINED due to chex.
As much as that bites, it's better than the Identity Verification failure my P2 had...
And that was her first (visible) Chex pull of the year.
There is a better link out there... @guest_1410534
https://www.doctorofcredit.com/best-bank-account-bonuses/#comment-1803680
Good luck. My recent P2 denial DP is there at that link.
MrKrabsPanic.jpg Darn! I missed that. Already applied with the $200 link. Oh well.
I suspect you're going to get the same denial message that a lot of people get.... But $200 is better than $0.
Tried to apply online for the recent $200 offer from OOS (using 'family member' as per prior comments).
Was declined via email for "unable to verify identity".
$200 offer
https://www.desertfinancial.com/asu-partnership/debit-card
One of the quicker bank bonuses to post. I opened the checking account on June 30. I then had a $500 real DD on July 13 and then did the 10 transactions on July 17 (done with reloads). After that, the bonus then posted the next day on July 18. Either their bank bonus posting is automatic or someone is reviewing everyday, but either way it was a nice $200.
Hi Sammy, did you do Amazon reloads to satisfy the 10 transactions? Any minimum amounts required on the 10 transactions? Thanks for any info.