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Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â CO
- Direct deposit required: Optional
- Additional requirements:Â None
- Hard/soft pull:Â Hard pull
- ChexSystems:Â Unknown
- Credit card funding: None
- Monthly fees:Â $8, avoidable
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:Â 12/31/2023
Contents
The Offer
- Partner Colorado Credit Union is offering a $100 bonus. Bonus is broken down as follows:
- Open an Ascent checking account
- Complete 10 qualifying transactions within the first 60 days including debit card purchases, online bill payments and ACH credits
The Fine Print
- To receive the $100 bonus, you must (1) qualify for an Ascent checking account, (2) open the Ascent Checking account on or before 12/31/2023, and (3) be age 18–26. (4) You must complete at least 10 qualifying transactions within the first 60 days including debit card purchases, online bill payments and ACH credits. Limit one bonus per person.
- There is no minimum balance required to obtain the bonus.
- The bonus will be deposited into the new Ascent checking account within 15 days of making the 10 qualifying transactions, provided the account is still open and active at that time.
- 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 fee, but you must be 18-26
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Restricted to those 18-26 and not as good as the previous $250 bonus.
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
Applied. Online application was approved using employment address to qualify, but they needed me to go in-branch to sign the application. Funded with cash, didn’t have any option for CC funding. No hard pulls from the big 3, but I think I had Chex unfrozen at the time.
Mighty hard to find account number on this one (at least for me, and I didn’t ask in branch), but I found it in the Order Checks menu option. One quirk to report: I successfully linked to several banks via trial deposits. Standard overnight ACH push from Chase into the account went fine, but when I tried to push an RTP from Chase again, it was returned due to “it looks like the account information is wrong because the other bank returned it.”
Will report back after 10 qualifying transactions are complete/bonus posted.
10/24 – Account opening deposit (cash)
10/25 – 2x acctverify (<$1)
10/25 – 2x acctverify (<$1)
10/25 – Venmo cashout
10/25 – ACH credit
10/27 – ACH Push
10/30 – ACH Push
10/30 – Venmo cashout
10/30 – Venmo cashout
10/31 – $100 Bonus Posted
As far as I can tell, each account verify counts as an ACH credit (as it should, but this means there's no minimum). Theoretically you can get away with 5x account verification requests… lol
I'll keep the $100 in there and keep using this account. Overall, the bank seems ok and I'm pleasantly surprised with how fast the bonus posted.
Just applied, and the application is now pending. Had all credit reports frozen.
This credit union is extremely slow to do anything. My application is still pending. The Senior Contact Solutions Representative emailed me 11/2 for my drivers license and I sent it right away. Have not heard anything from her. I have been leaving a email and then a voicemail every week. Had to call the main line to ask wtf is going on. Said I need to unfreeze my credit which I did immediately and have heard nothing back.
Called in another time and I was declined because of too many inquires now.