[TN, AL only] Redstone Federal Credit Union $500 Checking Bonus
Update 11/9/24: Deal is back until 12/23/24 and now available in Cullman, Jackson, Limestone, Marshall, DeKalb, Morgan and Lawrence Counties in Alabama, or Bedford, Cannon, Lincoln, Moore, Rutherford, and Williamson Counties in Tennessee
Update 7/15/23: Deal is back and valid until September 7, 2023.
Offer at a glance
- Maximum bonus amount: $500
- Availability: Rutherford County Residents
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Yes, not sensitive
- Credit card funding: Up to $530
- Monthly fees: $5, avoidable
- Early account termination fee: None
- Household limit: None mentioned
- Expiration date: 10/4/2022
The Offer
- Redstone Federal Credit Union is offering a $500 checking bonus when you complete the following requirements:
- Use code MBR500 to open your first checking account
- Log in to online banking
- Use your debit card 10 times
The Fine Print
- Promotion available 7/6/2022 – 10/4/2022.
- RFCU® member must be in good standing as defined by RFCU Bylaws to qualify.
- The participant must not have had an RFCU checking account within the past 24 months, and notify RFCU of the promotion code at account opening.
- Membership and opening a share savings account with a $5 minimum balance are required.
- A $25 minimum deposit required to open checking account.
- Monthly maintenance fees may apply to checking accounts.
- Monthly maintenance fees waived for account holders 24 year and younger.
- Business accounts are not eligible.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Easiest account to keep fee free seems to be the easy checking account, this has a $5 monthly fee that is waived with a direct deposit or with an average daily balance of $100+.
Early Account Termination Fee
I wasn’t able to find any mention of an early account termination fee in their fee schedule.
Our Verdict
The fine print terms don’t actually state you need to be a Rutherford resident, but the general offer instructions do. Will add this to our list of the best bank account bonuses.
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