Offer at a glance
- Maximum bonus amount: 100 dollars
- Availability: only US. You must live, work or worship in: Sheboygan, Calumet, Dodge, Lake Valley, Jefferson, Manitowoc, Milwaukee, Ozaukee, Washington, Door, Kewaunee, Brown or Waukesha
- Direct deposit required: Yes, $3,000+
- Additional requirements: Electronic statement and three debit card transactions over $20
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card financing: Unknown
- Monthly fees: ANY
- Early account closure fee: Unknown
- Family boundary: None listed
- Expiration date: None listed
Offers
- Kohler Credit Union offers a $100 referral bonus to both parties when the person who signs up meets the following requirements within 90 days:
- Deposit and withdraw a minimum of $3,000 in the first 90 days
- Register for eStatements
- Make at least 3 debit card purchases over $20
Fine Press
- Must be 18 to participate. To qualify for the referral bonus, the following requirements must be met within 90 days of account opening: open a new Kohler Credit Union checking account and make direct deposit ($3,000 minimum deposited within the first 90 days), sign up for eStatements, make a minimum of three debit card purchases over $20. The account must be opened using the specific link provided and remain open and in good standing for at least 90 days. After meeting these requirements, the bonus will be issued as an ‘Account Bonus’ and will be deposited into the referrer’s account and the referee’s account within 10 days after meeting the program requirements. Eligibility for membership is required.
- If a current KCU member refers an individual to KCU, and the referred individual subsequently opens an account, both the referring member and the referred individual agree to be paid a referral fee. Furthermore, both parties agree and acknowledge that they agree to keep each other aware of their respective KCU membership status.
- Kohler Credit Union reserves the right to disqualify any referral in circumstances where Kohler Credit Union reasonably believes that referrals have not been submitted to Kohler Credit Union in good faith. Minors are not eligible to participate in this program. The value of the referral bonus will be reported to the IRS, state or local tax authorities, if required by applicable law. Recipient is responsible for any federal, state or local taxes on this bonus item. This offer cannot be combined with any other offer. Participation in the Refer a Friend program carries with it a certification by the referring member that the referring member knows the referee(s) personally and the referrer is not acting as an affiliate merchant for Kohler Credit Union. The referring member can earn up to $500 per referral per calendar year. Only one (1) payment of $100 per referee is allowed, regardless of the number of new checking accounts opened. If the member is referred by more than one referring member, the first referrer would receive the incentive.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
Economy Control has no monthly fees.
Early account termination fee
I was not able to find a fee schedule so uncertain if there is any EATF.
Our verdict
Feel free to share references in the comments below, along with whether it’s a hard/soft withdrawal to open and if there’s any credit card financing.
Useful posts about bank bonuses:
