(CA) California Coast Credit Union $150 Checking Bonus, Direct Deposit Required

Offer at a glance

Offers

Direct link to the offer

• California Coast Credit Union offers a $150 bonus when you open a new value added checking account. The bonus is divided as follows:
  • Use promo code RESET and earn $100 when you open an account and do the following within 60 days
    • with Identity Theft Protection
    • Register in eDeclaration
    • keep at least $50 in checking account
    • create at least one of the following: a) direct deposit; b) Online or Mobile Banking; c) Payment of bills online
  • Use your debit card 10 times each month for the first three months and earn $50
  • Refer a friend or family member and earn $50 for each new member

Fine Press

• This promotion is available for a limited time and may be changed or discontinued at any time without notice.
• Use promo code: “Reset” at account opening.
• Offers cannot be combined. Cal Coast Credit Union employees are not eligible.
• New members must be at least 13 years old to be eligible.
• Members aged 13-15 must have a parent or legal guardian as a co-owner on the account. Must meet membership and account eligibility requirements.
• A one-time membership fee of $5 may apply
• All incentive bonus payments will be paid into the savings account within 120 days of meeting the qualifications.
• All incentive awards are considered interest, subject to tax and will be reported on IRS Form 1099-INT.
  To receive the $100 New Member Incentive Bonus: you must within 60 days of opening membership complete the following: 1) open an additional value checking account; 2) register in eDeclaration; 3) keep at least 50 dollars in the current account; 4) establish at least one of the following: a) direct deposit; b) Online or Mobile Banking; c) Payment of bills online.
• To get the $50 debit card bonus: Use the Cal Coast Debit Mastercard 10 times per month for the first 3 months (or 30 times within 90 days of account opening).
• To get the $50 referral bonus: Eligible members can earn a $50 referral bonus through Cal Coast’s member referral program. To qualify for the $50 referral bonus, the referring member must be an active, existing Cal Coast Credit Union member in good standing. The referred member must be a new member at Cal Coast Credit Union, open a separate membership account that includes payment of a one-time membership fee of $5, and meet membership and account eligibility requirements. Bonus limits: a) $50 maximum referral bonus per referred member, b) $500 maximum total referral
• Additional Member Referral Program Terms: Referral members must be 18 years of age to participate in the Cash Coast Referral Program.
• Referred Members who are 13 to 15 years old require a parent or guardian to be a joint owner on the account. Referrals are subject to verification.
• All associated individuals may no longer be eligible for this promotion and may not receive all or part of the bonus if, in Cal Coast Credit Union’s sole discretion, they are associated with an ineligible referral or misuse of the program. Learn more at calcoastcu.org/refer.
• All bank account bonuses are treated as income/interest and as such you must pay tax on them

Avoidance of fees

Monthly fees

Identity theft protection costs $3.75 per month, but is waived for the first two months. I don’t think value added checking has any monthly fees other than identity theft protection?

Early account termination fee

I couldn’t find a fee schedule so I’m not sure if there is an early termination fee or not.

Our verdict

Cal Coast has frequent high-yield CDs that you can open. You can find and share referral links on this related postplease don’t share them in the comments below. Strange to advertise this as a $200 bonus when $50 is from someone’s referral and you can refer up to 10 people. We will add this to our list best bank account bonuses.

Hat tip to reader Woody

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