Deal has ended, view more bank account bonuses by clicking here.
Update 5/19/24: Extended until September 30, 2024.
Update 4/6/24: Extended until May 17, 2024
Offer at a glance
- Maximum bonus amount: $100
- Availability: CA only
- Direct deposit required: No
- Additional requirements:
- Hard/soft pull: Soft without overdraft protection
- ChexSystems: Unknown, sensitive
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: None
Contents
The Offer
- Patelco Credit Union is offering a referral bonus of up to $100 to the person being referred. Bonus is as follows:
- Earn $50 by becoming a member and opening a checking account (with a $100 minimum deposit).
- Earn an additional $50 bonus when they open a Money Market Plus or Money Market Select account
- Person referring receives a $50 bonus when the new member opens the checking account, up to a maximum of $500.
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Neither account has any 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
Feel free to share your referral information in the comments below. Looks easy to meet the requirements as you just need to open the accounts.
Hat tip to reader Dr Churn
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
View Comments (68)
Referral code: R8MPCH6Q
Expires 9/30/24
Thanks in advance if you used my referral!
Referral code: R8MKJ6VP
Good until September 30, 2024. Let me know if you need any help. andy.ho@gmail.com
Referral code: R8NB2HSW
My referral code is R8NDCBP. Let me know if you have any questions about the process at jianmc2@gmail.com
Feel free to use my promo code: R8NBGLFU
Minimum $100 deposit for checking. Get $50 for checking, and get $50 for money market. Ends Sept 31, 2024
On the 14th of May I Filled out application and it went into review, haven’t heard anything back? Anyone else waiting for a response back. Hoping to open before the expiration date.
Use my Referral code: R8NXX7LE
Open a free checking account and money market plus account w/ $100 deposit and get $100 bank Referral bonus. No required direct deposit needed or debit card purchase transactions needed either. Ends on May 17th, 2024
Hello, is your code changed now? Could you check it? I need a referral. Thanks!
You can apply now using the code, it works
Got it. Thanks bro! I guess they are still working on securing their system. The webpage said "As we work to respond to and address the cybersecurity incident, we will not be accepting applications or opening new accounts at this time. Our priority remains on restoring our systems, and once complete, we will open our loan and account application process again. Thank you for your understanding and patience." I will try it later.
Hey Jun, their system is back and working. They are now accepting membership applications on their website
Thanks Bro! Just applied and got declined due to recent excessive ChexSystem inquiries.
Hey bro, it's the same code. Patelco recently had a data breech couple days ago and all online banking is currently down, most likely that's the reason why it's not working. Maybe try again sometime later this week or next. Email me at pimpsk8ter1@yahoo.com, got more awesome referrals bro
Feel free to use my promo code: R8MBYKUP
Minimum $100 deposit for checking. Get $50 for checking, and get $50 for money market. Ends May 17, 2024
Sent P2 in on this one. No go. This was the 1st email she received minutes after submitting the application.
Product Status Checking - Free Checking Declined
Thank you for your recent application to become a member of Patelco Credit Union. We carefully considered your application and regret that we cannot approve it at this time for the following reason(s):
We used your ChexSystems score and report in making this decision.
Your ChexSystems score
Your ChexSystems score is a score that banks and credit unions use to determine whether to qualify you for a new account. It's different from your credit score. We use your ChexSystems score to determine eligible products and services based on your past banking history.
The 2nd email was almost identical, except missing this line:
Her most recent inquiry (remaining on Chex) was in early December. Almost 4 full months at the time of application. I just don't understand their expectations.
None of her reports are frozen, so there shouldn't be any issues with her identity... I have more inquiries than her, but my Chex score is higher. I don't plan to try it.
Use my referral code for your bonus, expires May 17,2024, R8MSXMEG
$50 dollars for checking and $50 for money market, cheers!