Update 6/18/25: Bonus is $150 on Topcashback and $100/10,000 on Rakuten (ht snailrock)
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:Â Unknown
- Credit card funding: Unknown
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None listed
- Expiration date:Â 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.Â
Hat tip to reader usdailyrewards
How long do we need tokeep this open, funded with 1K, asked for id upload. Lets see if it gets app.
The interest rate is over 4%, and no bogus fees, so there is no reason to close this one out before your bonus is available/paid
Thats a good point, btw, account approved after upload ID yesterday.
Lets hope TCB actually pays out.
For anyone that has had to provide ID to Topcashback, are they asking that you take a picture of your ID and send it as an email attachment to the rep? That’s the feeling I got when they asked. I never bothered to continue the convo when they did that but now I’m curious if my presumption was wrong.
The Rakuten offer is at $50.
Denied for Chex. 22/24, 17/12, 7/6, 2/3, 0/1
Will the pending cash award drop of account is closed before award goes from pending to available status on top cash back?
14 weeks payout is insane
The interest rate is over 4%, and no bogus fees, so there is no reason to close this one out before your bonus is available/paid
submitted via TCB, went in-review. Is this normal?
Denied for Chex, so therefore this should be labeled as Chex Sensitive. Don’t ask me how many inquires I have, it’s approximately LOL/24.
Is it chex sensitive if opened through TCB or Rakuten?
TC click tracked but no pending bonus. Been 5+ hours. Sucks!
Hi there,
Some transactions can take up to 7 days to appear in your account. If after 7 days you still don’t see it, please submit a Missing Cash Back Claim and we will be able to follow up for you. If you need assistance or have any questions, please feel free to email me at [email protected].
Best wishes,
Erica
Thank you for replying. I’ll do that. Really hope I do not lose out on $150 as there is no return/refund here. :/
In your experience, do these usually get sorted/resolved and cashback gets issued?
Hi there,
Our claims team works as best they can to get in touch with our retailers as we want you to receive your Cash Back as soon as possible. The process takes up to 90 days unless the retailer requires some kind of hold. If you need more insight on your specific claim, please reach out to us!
Best wishes,
Erica
P1 approved immediately and TC tracked, and bonus pending hours later
P2 requested ID (after 3 hours in pending) and approved later that day, TC click tracked but no pending bonus 4 days later (so far)
Deposits took ~3 solid business days (factoring the holiday) to credit to VFB, 2 days after they debited from source.
Will probably have to follow up with TC for P2 in a week.
Chex entry?
Hi Jay,
I’d love to be able to assist you with this further. This offer is one per member, so I just want to clarify that. If you could send me an email to [email protected], I’d be happy to work with you on this and hopefully come to a resolution.
Best wishes,
Erica
Hi Erica, yes, different member/person, same address, click tracked, offer didn’t go pending. We submitted a “missing cash back” claim, but it’s been 14 days since initial click, 7 days since claim filed, and TCB hasn’t even sent it to the merchant/affiliate yet (per TCB claim status).
Hi Jay,
Our claims process can take up to 90 days but our team works hard to get your Cash Back. I can take a look at your specific claim if you send me an email. I’ll be able to provide better insight that way.
Best wishes,
Erica