Update 6/1/24: Deal is back until December 31, 2024. Hat tip to reader Bockrr
Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â Ohio, Cincinnati area only
- Direct deposit required:Â Yes, $100+
- Additional requirements:Â eStatements
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:Â
October 31st, 2019December 31, 2024
Contents
The Offer
- River Valley Credit Union is offering a bonus of $100 when you open a new checking account and complete the following requirements:
- eStatements
- Complete a direct deposit of $100+Â within 60 days of account opening
The Fine Print
- $100 deposit will be made into your new River Valley checking account within 30 days of the first direct deposit of $100 or more being made.
- Direct deposit must be made within 60 days of River Valley checking account opening.
- Must provide proof of bank account closing or complete River Valley switch form.
- Current checking account holders do not qualify.
- $100 promotion may be modified or cancelled at any time without notice.
- Offer expires 10/31/19.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Simple checking account has no monthly fees to worry about
Early Account Termination Fee
I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee or not
Our Verdict
Still need to know if this is a hard or soft pull to open. As always if you decide to sign up for this account and bonus please share your experiences and datapoints in the comments below.
Hat tip to reader Joe F
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
Approved in branch after being denied online 2x and getting turned away from one branch due to no available appointments.
William Charles It sounds like they manually review for DD qualifications as the representative said that she would put a note on her calendar to check in a month to see if the bonus requirements had been met, so I plan on using a real DD for this one.
Thanks for the DP
This CU has the following warning in their online application
Please explain how you qualify for membership … if you do not qualify for membership your opening deposit may be forfeited
Denied due to Chex
Just spoke with rep, it’s only Cincinnati area. Wouldn’t open for me in Cleveland William Charles
Added, thanks
It’s website shows locations in the Dayton (Ohio) area and membership is limited to seven counties in that metro area. Two of the counties are also considered part of the Cincinnati region but Cincinnati itself and surrounding Hamilton county is not included in the stated field of membership.
Update: Talked to a customer service rep…she said it would be a hard pull. She also stated that you cannot fund the account with a credit card to start.