Deal has ended, view more bank account bonuses by clicking here.
Update 9/5/24: Extended until September 15, 2024.
Offer at a glance
- Maximum bonus amount: $150
- Availability: Lives, works, worships, or attends school in the State of Washington.
Lives or works in the Oregon counties of Linn, Benton, Lane, Marion and Polk. - Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None with eStatements
- Early account termination fee: None
- Household limit: None listed
- Expiration date: August 31, 2024
Contents
The Offer
- Red Canoe Credit Union is offering a $150 bonus when you open a new checking account and complete the following requirements:
- Sign up for eStatements and perform 10 qualifying transactions in 45 days (ACH debits or credits, check clearings, bill payments, debit/credit card transactions and online debit/credit card purchases.)
The Fine Print
- Membership eligibility and account qualifications apply.
- Limit one New Member Account $150 Bonus (offer) per social security number.
- Offer is not valid on business accounts, or for anyone with an existing ownership account at Red Canoe Credit Union.
- Promotional period is effective June 7 – August 31, 2024.
- Qualifications include: open a new membership account ($5 minimum balance requirement) at Red Canoe Credit Union, open a checking account at the time of establishing your membership account, be age 16 or older, perform 10 qualifying checking account transactions within 45 days of account opening and enroll in eStatement delivery.
- Qualifying transactions include ACH debits or credits, check clearings, bill payments, debit/credit card transactions and online debit/credit card purchases. ATM transactions and cash deposit/withdrawals will not qualify.
- Payout will occur after 45 days from account opening if all qualifications have been met. Red Canoe will not deposit Bonus Funds into a closed account or an account not in good standing.
- Red Canoe reserves the right to terminate this promotion at any time and promotion cannot be combined with any other offers or incentives.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Simply Smart Checking has no monthly fees as long as you have eStatements enabled.
Early Account Termination Fee
I didn’t see any EATF in the fee schedule.
Our Verdict
We still need to find out if it’s a hard or soft pull but given that there is no direct deposit required AND the bonus requirements are easy to meet I do think this is worth doing.
Hat tip to Bockrr
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 (9)
Up to $505 CC funding. Attempted with BMO cc funding on 7.8 but pending application.
Did they pull ChexSystems for you?
Got rejected after they pulling my chex...
As someone who can easily split a paycheck, it's easier for me to hit a DD requirement than to remember to hit 10 transactions.
Applied from WA state (open a new checking account every couple months) and received a message that Red Canoe would get in touch with me. Insert shoulder shrug emoji...
Did they pull ChexSystems?
Did you get a hard pull
Just got an email that I wasn't approved (believe hard pull)
Chatted with CSR and they said they do a hard pull for membership application.