[Expired] [Spring Cypress Branch, TX only] Resource One Credit Union $250 Checking & $100 Savings Bonus – Direct Deposit Not Required

Deal has expired, view more checking bonuses by clicking here.

Offer at a glance

  • Maximum bonus amount: $350
  • Availability: TX only. Available at Spring Cypress branch
  • Direct deposit required: No
  • Additional requirements: See below
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: Six months, bonus forfeit
  • Household limit: One
  • Expiration date: May 31st, 2020

The Offer

Direct link to offer

  • Resource One Credit Union is offering a bonus of $350 when you open a new checking account & savings. Bonus broken down as follows:
    • Open a new Resource One Spending account and receive a bonus of $250 when you use your debit card 15 times per month for the first three months ($5 minimum per transaction)
    • Open a new Money Market account, IRA certificate, or a save to win certificate

The Fine Print

  • Bonus Information: Offer available in branch only and for a limited time only through 5/31/2020.
  • Offers are not valid to existing Resource One Credit Union members holding those account or loan types specified in this promotion.
  • Offer is not available to those whose accounts have been closed within 90 days or closed with a negative balance
  • Limit one bonus offer per household.
  • To receive the $250 cash bonus: 1) Open a new spending account, which is subject to approval; AND 2) use your Resource One debit card(s) tied to the Prime Spending account for a minimum of 15 qualifying purchases per month for the first three months that the account is opened.
  • A qualifying purchase includes debit purchases that post and settle for a minimum of $5 to the spending account between the first and last day of the month, including online purchases, phone, or mail purchases.
  • Purchase refunds/reversals, ATM transactions, and bill payments do not qualify. Transactions on separate cards tied to a single spending account will be combined.
  • To receive the $100 cash bonus: 1) Open a new Money Market account, IRA Certificate, or Save to Win Certificate, all are subject to approval.
  • After you have completed all the above requirements, we’ll deposit the bonus in your par savings account no later than July 31, 2020.
  • You can receive only one “Bundle and Cash In!” opening related bonus every two years from the last enrollment date and only one bonus per account and per household.
  • Bonuses are considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). Other terms, conditions, and restrictions may apply; see credit union for details. For complete terms and conditions of the account please review the AGREEMENTS AND DISCLOSURES available online or by request in a branch.
  • Account Closing: If any of the accounts or loans associated to the bonus offer is closed by the member or Resource One within six months after opening and the bonus has been paid, we will deduct the bonus amount received from that account at opening.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Daily spending account has no monthly fees to worry about

Early Account Termination Fee

Accounts need to be kept open for six months otherwise the bonus is forfeit

Our Verdict

That’s a lot of debit card requirements and $5 minimum is annoying, but considering there is no direct deposit required and the $100 savings bonus is easy to do as well I do think this is worth doing if it turns out to be a soft pull. If anybody goes for it then please share your experiences in the comments below.

Useful posts regarding bank bonuses:
    William Charles
  • On February 15, 2020, 13:00

View Comments (29)

  • Anyone got bonus of $350? I opened it on 5/31/2020. But a local bank clerk told me i only need to spend debit for The first two months Not three months. But even after i met the all the requirements i still didnt get the bonus. Aren’t we supposed to receive the bonus no later than 7/31/2020?

  • Went to the branch Saturday morning and up to the drive-in. Was bummed to hear that my zip code (Spring/Woodlands) was outside the targeted area even though I am only 12 miles from the branch. Wasted about an hour of my day but it was a nice day for a little drive. I guess I should have called the 800 number before to see if I qualified - it just seemed so close.

  • Just opened an account with them. Live in a valid zip code. Opened via drive thru and showed them an email print out of the bonus. Had to go to the bank twice. Once to show them the print out/give them my info, then a second time to make an initial deposit and get my debit card. Couldn't do it all in one go since I had to wait for an email and e-sign a few documents. I was told I was good to go and just need to do the transactions now.

    • Can you please share what are valid zip codes for this promotion ? I could not find online.

      • Not sure which ones are valid. I called the 1800 number and told them about the promo and they transferred me to the bank itself. I asked if 77493 and 77449 were valid. I was told 77493 was not valid but 77449 was valid.

  • So looks like you do indeed need to live/work in the right zipcodes, AND apply via drive thru or inside. If you apply online you can just come into branch to finish. Source: Banker emailed me after a completed application.

  • Applied and approved in branch. Haven't received any notification that it was a HP. $25 needed to join and kept in savings account. Did Save to Win CD for savings requirement.

    • Did you happen to confirm with them if you would've been able to do this all online? The email terms indicate you can apply online, but step 3 it says to come in... still trying to decide if it's worth applying since the earliest I'll be back in Houston area is in a few months.

  • So.. it asked for my name and email. and I received an email saying to apply online or in person and gave me some codes to use. Not sure if theyre unique..

    ----------------------------------------------------------

    Apply online or present in-person
    This offer is only valid for a limited time - don't miss out!

    Choose your offer
    Get $100
    When you open a Money Market account, IRA Certificate, or a Save to Win Certificate with qualifying activities. Limit one $100 bonus per household.
    Your special offer code: R1-100
    Get $250
    When you open a new Resource One Spending account with qualifying activities. Limit one $250 bonus per household.
    Your special offer code: R1-250
    Or get $350 by bundling both offers!

    Get started
    Visit us at 8720 Spring Cypress Rd, Spring, TX 77379

    -------------------------------------------

    and of course, the fine print:

    Bundle and Save
    APY = Annual Percentage
    Yield APR = Annual Percentage
    Rate Bonus Information: Offer available in branch only and for a limited time only through 5/31/2020. Offers are not valid to existing Resource One Credit Union members holding those account or loan types specified in this promotion. Offer is not available to those whose accounts have been closed within 90 days or closed with a negative balance. Limit one bonus offer per household. To receive the $250 cash bonus: 1) Open a new spending account, which is subject to approval; AND 2) use your Resource One debit card(s) tied to the Prime Spending account for a minimum of 15 qualifying purchases per month for the first three months that the account is opened. A qualifying purchase includes debit purchases that post and settle for a minimum of $5 to the spending account between the first and last day of the month, including online purchases, phone, or mail purchases. Purchase refunds/reversals, ATM transactions, and bill payments do not qualify. Transactions on separate cards tied to a single spending account will be combined. To receive the $100 cash bonus: 1) Open a new Money Market account, IRA Certificate, or Save to Win Certificate, all are subject to approval. After you have completed all the above requirements, we'll deposit the bonus in your par savings account no later than July 31, 2020. You can receive only one “Bundle and Cash In!” opening related bonus every two years from the last enrollment date and only one bonus per account and per household. Bonuses are considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). Other terms, conditions, and restrictions may apply; see credit union for details. For complete terms and conditions of the account please review the AGREEMENTS AND DISCLOSURES available online or by request in a branch.
    Account Closing: If any of the accounts or loans associated to the bonus offer is closed by the member or Resource One within six months after opening and the bonus has been paid, we will deduct the bonus amount received from that account at opening.
    Confidentiality Notice
    The information in this e-mail may be confidential and/or privileged. This e-mail is intended to be reviewed by only the individual or organization named above. If you are not the intended recipient or an authorized representative of the intended recipient, you are hereby notified that any review, dissemination or copying of this email and its attachments, if any, or the information contained herein is prohibited. If you have received this e-mail in error, please immediately notify the sender by return e-mail and delete this e-mail from your system.
    Privacy & Security
    Resource One values your privacy and security. We will never contact you via email or text message requesting that you verify your member number and password, social security number, debit card, credit card, PINs or other personal or sensitive account information. We recommend you do not share this information as it provides the recipient with full access to your accounts. If you believe you are a victim of fraud or the recipient of suspicious communication, call Resource One Credit Union immediately at (800) 375-3674. Members can also forward any suspicious email or text message to abuse@r1cu.org. Please read our privacy and security policy.
    Contacting Us
    Please do not reply to this email. If you have a question about your account, please log in to Resource One Online Banking and send a secure message. Or, you may call us at (800) 375-3674.

    • The codes are not unique, but the terms clearly say "Offer available in branch only." Unfortunately it is not uncommon to see local credit unions use contradictory or misleading language on their promotional materials (perhaps due to fewer QC resources), but the Houston banker I spoke with verified that this promo is only supposed to be available for signups at their new Spring branch.

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