Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â CO
- Direct deposit required:Â No
- Additional requirements:Â See below
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None
- Expiration date:Â None listed
Contents
The Offer
- Minnequa Works Credit Union is offering a $100 Youth Savings Bonus.
- Make an initial deposit of $25+
- Enroll in eStatements
- make 3 more deposits of $25 each, or more to reach a total of $100
The Fine Print
- Make an initial deposit of $25 into the YSave account.
- 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
Always nice to see these youth bonuses, shame it’s not open to more states.
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
Denied on account of too many inquiries.
Applied, it said approved and will they will contact me in 1 business day. Put in $500 CC funding. We’ll see!
Let us know what card you used and if it’s a hard/soft pull
They sent me a secure message saying the account is intended for 18 year olds and younger. So, declined.
Do I put my kid’s SSN as a primary applicant?