Update 4/8/24: Bonus is now up to $140.
Update 10/18/23: Bankbonus is now offering a $100 bonus.
Offer at a glance
- Maximum bonus amount: 6,000 Swagbucks ($60) or 12,000 MyPoints ($75-$80)
- Availability: Nationwide
- Direct deposit required: None
- Additional requirements: $1,000 initial deposit
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: None
- Household limit: None listed
- Expiration date: Unknown
Contents
The Offer
Swagbucks link | MyPoints link
- Swagbucks is now offering a tiered bonus of up to 14,000 Swagbucks (worth $140) when you open a new ValleyDirect account. Broken down as follows:
- Deposit at least $1,000 to earn 8,000 SB!
- Earn 2,000 SB for deposits between $3,001.00 and $5,000.00.
- Plus! Earn an additional 4,000 SB for deposits over $5,001.00
Points will appear as Pending for 32 days.
Our Verdict
There’s no timeframe stated where you have to hold the $1,000 in the account. And so it should be an easy $60-$75 immediately with the initial $1,000 deposit. You won’t get a 1099 from the bank, and legally you’d presumably have to self-report the $60 income (please consult a tax advisor).
Separately, the account actually offers a nice 5% 4.8% APY interest rate.
Hat tip to reader usdailyrewards
Wondering if this is expired on Swagbucks. Has anyone done this recently? It’s only on Swagbucks if you click the link provided here and not in Discover or search. The MyPoints link gets redirected to their homepage and bankbonus says it’s expired.
I did through MP late last year and it wasn’t worth it. Nothing tracked which was a common theme for this offer and that horrible woman tried every trick in the book to deny the points. Like really stupid things
AFAICT, the additional bonus for depositing higher amounts (3k/5k) has been removed and the main offer (1k) has been raised to 8,500 SB / 14,450 MP.
Applied through SB link, chex was instantly pulled and the application was denied. The denial email cited chex score. Chex sensitive.
Can I get a second opinion on this please?
Deposit at least $1,000 to earn 13,600 Points the same day you open your account!*. Now, earn an additional 3,400 Points for deposits between $3,001.00 and $5,000.00. Or! Earn an additional 6,800 Points for deposits over $5,001
If I opened and deposited $5200, should I expect to get
13,600 + 3,400 + 6,800
or just
13,600 + 6,800
I am wondering if they changed an “And” to an “Or”?
The 2nd one. Because of the “Or!” in the middle of the terms.
fdic
20,400 MP = ~$136 cashed out via MCGC.
You should have deposited $5002, not $5200.
I personally haven’t done with offer. I think most people are just happy if they MP/SB offers work out without having to submit a ticket.
Looking through the top comments, it seems like you are the only one doing this offer.
Thanks as always! I did intentionally put an extra 200, their rate wasnt that bad. I came pretty late to this one, I am doing their 400 checking offer as they sent me a physical mailer, then saw the mention of this one in that thread and thought let me try this one as well with Chex frozen (existing customer by then) and it worked. Reading the comments someone mentioned that there was an “And” there earlier for SB 🙂 and they changed it to an “Or”. May be they did the same for MP and thats why I am confused.
I always pick SB over MP but already had some 1k or so points left over at MP so thought let me go with them. Of course, it didnt track and then she is looking for excuses to deny. Hate the back and forth
MP are real $cumbags
This is what I got after opening a ticket
After reviewing the information, we regret to inform you that we cannot confirm the successful completion of the offer. According to the offer terms, to qualify for the points, you must open your account and deposit at least $1,000 on the same day. I have attached a screenshot of the offer details for your reference.
She asked me to send a screenshot of the transaction histoy which shows that the fund appeared 3 days after the funding which is becuase of Valley’s slow a$$ ACH
Does anyone know if these clowns have a phone customer service? It is so frustrating dealing with their ticket system
Kept $5.1k there for a month, opened ticket, moving the money out now on 32nd day
Did you all keep $5k in the account till you get the bonus?
When I did the offer, it didnt even say pending, so I opened a ticket but they saying wait till 32 days. I am wondering should I keep 5k in there till that day or take it out already?
I am submiiting a ticket to MP, is it safe to not hide the last 4 of the account number in the screenshot?
Good luck.
MS and SP along with the others have the same parent company.
But the customer service is vastly different.
At least with MP in my experience.
If nothing shows up then you’re wasting your time with MP submitting a ticket.
You will end up sending proof and they will say it does not prove anything.
Just a heads up.
-M
Wow, nothing showing as pending even after 7 days and they are saying no point submitting a ticket till 32 days are over. Lets see..
I did MP as the payout was little higher and I also had 1500 something points already stuck there not being able to redeem on anything.
A quick question please? Do I need to but the full $5002 as part of the initial funding itself? or can that be added a day or 2 later? thanks
Ans if I am an existing Checking customer, will they still pull Chex?
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