Update 5/30/26: Offer valid until December 31, 2026. Hat tip to the reader Ben
Update 3/29/25: The deal is back up to April 30, 2025. Hats off to him ShawntheShawn
Update 9/5/24: Extends through September 15, 2024.
Offer at a glance
- Maximum bonus amount: 150 dollars
- Availability: Lives, works, worships, or attends school in Washington State.
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 financing: Unknown
- Monthly fees: None with eStatements
- Early account closure fee: ANY
- Family boundary: None listed
- Expiration date: August 31, 2024
Offers
- Red Canoe Credit Union offers a $150 bonus when you open a new checking account and meet the following requirements:
- Sign up for eStatements and complete 10 qualifying transactions in 45 days (ACH debits or credits, check clearing, bill payments, debit/credit card transactions, and online debit/credit card purchases.)
Fine Press
- Membership qualifications and account qualifications apply.
- Limit one New Member Account $150 Bonus (offer) per social security number.
- Offer not valid on business accounts, or anyone with an existing property account at Red Canoe Credit Union.
- Promotional period is effective from 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 creating your membership account, be 16 years of age or older, complete 10 qualifying checking account transactions within 45 days of account opening and enroll in electronic Statement submission.
- Qualifying transactions include ACH debits or credits, check clearing, bill payments, debit/credit card transactions, and online debit/credit card purchases. ATM transactions and cash deposits/withdrawals will not qualify.
- Payment will be made after 45 days of account opening if all qualifications are met. Red Canoe will not deposit bonus funds to a closed account or an account not in good standing.
- Red Canoe reserves the right to end this promotion at any time and the promotion cannot be combined with any other offer or incentive.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of 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 on fee schedule.
Our verdict
We still have to find out if it’s a hard or soft withdrawal, but given that no direct deposit is required AND the bonus requirements are easy to meet, I think it’s worth doing.
Hats off to him Bockrr
Useful posts about bank bonuses:
