Here you can find the most recent Redwood Credit Union bonuses, promotions, and offers.
They are currently offering a $250 bonus when you open a checking account and complete the qualifying actions.
Redwood Credit Union Bonuses Review
Redwood Credit Union is headquartered in Santa Rosa and is the 8th largest credit union in the state of California. It is also the 36th largest credit union in the nation. It was established in 1950 and as of September of 2023, it had grown to 814 employees and 355,702 members at 22 locations. Redwood Credit Union has an A health rating.
| Eligibility: Membership in Redwood Credit Union is open to those who live or work in the greater California Northern Bay and San Francisco area, including Contra Costa, Lake, Marin, Mendocino, Napa, San Francisco, Solano, and Sonoma Counties. See current membership details. |
I’ll go over the Redwood Credit Union bonuses & offers below.
Redwood Credit Union $250 Checking Bonus
Receive a $250 bonus when you open a checking account and meet the requirements.
- What you’ll get: $250 Bonus
- Eligible account: Checking Account
- Where it’s available: CA (Bank Locator)
- Credit inquiry: Soft Pull or Hard Pull? Let us know
- Direct Deposit Required: Yes
- Monthly Fee: $0-$10; waivable
- How to earn it:
- Open your account. Have your Social Security number and driver’s license or ID card handy. Enter the promo code 250FORME on the review page.
- Set up direct deposit. Submit your RCU checking account and routing number to your employer to establish direct deposit.
- Receive direct deposit. Within 90 days of opening your account, receive a minimum of $500 of payroll-based funds via direct deposit.
- Enjoy $250! Your $250 will be deposited into your new free checking account within 30 days of meeting qualifications!
(Expires 02/29/2024)
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($300 Bonus Offer) | SoFi Checking & Savings Account ($325 bonus) |
Fine Print
- Offer valid until 02/29/2024.
- Promotion is offered to new RCU Members.
- Employees of RCU and/or RCUSG, volunteer Officials, their family members and roommates are not eligible.
- Promotion is subject to change and certain restrictions may apply.
- To receive the $250 bonus, you must open a qualifying new checking account with Redwood Credit Union with a qualifying direct deposit.
- Qualifying checking accounts are limited to General Membership, open for a minimum of 60 days.
- Youth, business, health savings (HSA), custodial, trusts, and other specialized accounts are excluded from this offer.
- Direct deposit must be an ACH deposit of $500 or more with an effective deposit date within 90 days of account opening.
- Direct deposit is restricted to regular income deposits, government benefits, and monthly retirement income.
- Person-to-person payments such as Venmo™, PayPal, or Zelle®, and external transfers from linked accounts are excluded. One $250 bonus is available per qualifying individual.
- New Members must qualify for membership and are required to establish a membership account.
- Membership is open to anyone living or working in one of the eight North Bay counties RCU serves, some restrictions may apply.
- For new membership accounts, you must deposit $5 in a regular savings account to open a checking account.
- The promo code expires on 02/29/2024.
- $250 bonus is considered interest and will be reported on IRS Form 1099-INT.
- Participant is responsible for all applicable taxes.
- Bonus will be awarded by a credit to the newly established checking account within 30 days of meeting checking account and direct deposit requirements.
How To Waive Monthly Fees
- Free Checking: No maintenance fees
- Dividend Checking: If your balance is below $500, a fee of $3 will be charged monthly.
- Young Adult Checking: No maintenance fees
- Senior Checking: No maintenance fees
- Direct Access Checking: No maintenance fees
- Business Essential Checking: $8 monthly fee. To waive this fee, keep an average daily balance of $1,000 or a combined average daily business deposit balance of $5,000. (Business deposit accounts include business savings, business money market, and business certificate accounts.)
- Business Choice Checking: $15 monthly fee. To waive this fee, keep an average daily balance of $5,000 or a combined average daily business deposit balance of $10,000. (Business deposit accounts include business savings, business money market, and business certificate accounts.)
- Business Analysis Checking: $20 monthly fee. Offset your monthly fee with deposit-based earning credits based on your monthly account balance. The higher your average balance, the higher your monthly credits.
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Conclusion
I would check out a list of our Savings, Money Market, and CD Rates to find other generous promotions you can utilize.
Use our bank bonuses page to find other offers if you are not eligible for this one. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Feel free to comment on this post with any questions you may have about Redwood Credit Union, their accounts they offer, or coupon codes.
Check back often for more Redwood Credit Union Bonuses, Promotions, or Offers!
