Redstone Federal Credit Union is offering members a $500 bonus for opening their first personal checking account. It's a solid offer considering the requirements: just make ten purchases using your debit card and log into their online banking portal.
The account can be opened online or at your local branch using the MBR500 promo code. If you opt to open it in-person, they will also waive the $25 opening deposit requirement.
Like all credit union bonuses, you'll of course also need to qualify to become a member (or be an existing member who doesn't already have a checking account).
How To Earn The Bonus
The Redstone Federal Credit Union Personal Checking promotion requires you to make purchases using the account's card in order to earn the $400 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the credit union will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- Promotion is available to any individual that belongs to one of RFCU®’s Membership Partners or Approved Geographic Locations that provides us with a valid promotional coupon opening their first checking account with a debit card.
- RFCU employees and their family members are not eligible to participate.
- The initial $25 deposit requirement on checking accounts will be waived as an added benefit of this promotion if account is opened in branch.
- If the promotion participant is not already a member, RFCU will provide the initial $5.00 share balance for the share savings account if account is opened in branch, which must be maintained at all times.
- ATM withdrawals do not constitute POS purchases.
- The bonus can expire at any time without prior notice.
- This offer cannot be combined with any other promotional offers.
- The promotion code must be presented at the time of account opening to qualify for the promotion and may not be used more than two times per household.
Open a Personal Checking account before the bonus expires on December 23, 2024
How does this personal checking offer from Redstone Federal Credit Union compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 26 days
- Requires
- Direct Deposit
BMO
Smart Advantage Checking Account
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 59 days
- Requires
- Direct Deposit
Discover
Discover® Cashback Checking
- Bonus
- up to $360
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
Why Redstone Federal Credit Union?
Rewards Checking
The Redstone Rewards Checking account comes with the MyChoice Rewards program. This means you'll earn points with every debit card swipe, which can be redeemed at any time!Fees
Rewards Checking does charge a monthly maintenance fee of $8, but there are ways to get this waived:
- Make a direct deposit.
- OR, make four debit card transactions.
- OR, be 24 years old or younger.
Safeguard Checking
It's called the Safeguard Checking account because it comes with NO NSF (Non-sufficient Fund, aka Overdraft) fees.Fees
Safeguard Checking does charge a monthly maintenance fee of $10, but there are ways to get this waived:
- Be age 24 or younger.
If that proves challenging, there are also ways to reduce the monthly fees:
- Enroll in eStatements and save $2.
Easy Checking
Fees
Easy Checking does charge a monthly maintenance fee of $3, but there are ways to get this waived:
- Make a direct deposit.
- OR, make four debit card transactions.
- OR, be 24 years old or younger.
Apply now for a Personal Checking account to earn the $400 bonus offer
How to Join Redstone Federal Credit Union
Credit unions differ from banks in that they restrict membership based on a shared common bond, or the credit union’s “field of membership”.
That means in order to qualify for this bonus (or any offer from a credit union), you'll first need to meet one of Redstone Federal Credit Union's membership requirements:
- Belong to one of the 1,800+ Redstone Membership Partners (organizations, clubs, churches, and businesses).
- Have an immediate family member who is a Redstone member (spouse, parent, sibling, child, grandparent, grandchild, step-parent, step-child, or step-sibling).
- Live in a household with a Redstone member
- Government employees and contractors on Redstone Arsenal and throughout Madison County.
- Service members and their dependents on Redstone Arsenal and throughout Madison County.
- Reserve service members in Madison County.
- Members of the National Guard in the following counties: Madison, Morgan, and Limestone Counties (AL), and Lincoln County (TN).
Alternatives options to those listed are available. Visit your local branch for more information.
Keep in mind that nearly all credit unions have a "once a member, always a member" policy, so once you're in, the above restrictions no longer apply.
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