* Your bonus or referral incentive will be deposited directly into your checking account within 90 days once all requirements are met.
Promotion Requirements: Promotion is only available to participating individuals who are referred by a current RFCU® member. Participating individuals must be an RFCU member or must be eligible for membership and open a share savings account (if not already a member). In order to receive the $100 checking bonus, participants must also open their first RFCU checking account and, within thirty (30) days of checking account opening, the participating individual must activate a debit card associated with the new checking account, make at least five (5) point of sale (POS) purchase transactions with the debit card associated with the new checking account, access Redstone’s online banking at least one time, and meet any additional requirements.
Must not have caused RFCU a loss to be eligible to open a checking account. Must set up online banking and have username and a PIN/password to access online banking. ATM withdrawals do not constitute POS purchases. Business accounts are not included in promotion. Bonus will not be paid if all of the promotion requirements are not met. This offer is limited to one checking bonus per participating individual and cannot be combined with any other checking offers.
The promotion is valid between October 13, 2020 and December 31, 2020 but can expire at any time without prior notice. The participating individual must notify RFCU of the referral code at account opening.
If already a member, the participating individual must be in good standing and must not have had an RFCU checking account within the past twelve (12) months, and must not be more than 30 days past due on any loan. Individuals 13 to 15 years old must have a parent or legal guardian as joint account owner on share savings and checking accounts.
Members are solely responsible for any taxes associated with bonus or incentives.
Referring Friend or Family Member Checking Incentive: The referring friend or family member must be in good standing at the Credit Union. Incentive will not be paid if all of the promotion eligibility requirements for referred individual are not met. This offer is limited to five (5) checking incentives per referring member.
Bonus and/or incentive will be deposited into the referring member’s primary checking account within 90 days of account opening, but no later than March 31, 2021, if the promotion requirements are met.
Redstone Federal Credit Union employees are not eligible to participate in this promotion; however, their immediate family members are eligible to participate.
Refer-A-Friend Bonus Disclosures:
- Annual Percentage Yield (APY): As of October 1, 2020, the Annual Percentage Yield for the primary share savings account is 0.10% APY and is subject to change monthly after share saving account is opened. There is no minimum balance required to earn the disclosed APY. The APY is accurate as of the last dividend declaration date. Fees and other conditions could reduce the earnings on the account. Please contact RFCU for current share savings rate information.
- Amount of Bonus: $100.00
- Date Bonus Will Be Provided: Bonus will be deposited into the member’s account within 90 days of account opening if the promotion requirements are met, but no later than Wednesday, March 31, 2021.
- Minimum Balance Required to Obtain Bonus: There is no minimum balance required to obtain the bonus; however, there is a $25 minimum deposit required to open a checking account. There is a minimum balance of $5 required to open a share savings account (if not an existing member). The $5 minimum balance must be maintained in share account at all times.
- Time Requirements to Obtain Bonus: The new checking account must remain open and in good standing until the bonus is paid (within 90 days of account opening, no later than March 31, 2021). New checking account must be opened by December 31, 2020.
- Monthly Checking Maintenance Fees: Rewards Checking: $8 monthly checking maintenance fee waived with one direct deposit credited to the account per month or four (4) or more point of sale (POS) purchase transactions per month; Easy Checking: $3 monthly checking maintenance fee waived with one direct deposit credited to the account per month or four (4) or more point of sale (POS) purchase transactions per month; and Safeguard Checking: $8 monthly checking maintenance fee with eStatements, or $10 monthly maintenance fee with paper statements. Monthly maintenance fees are waived for any checking account if primary owner is 24 years of age or younger.
- Please review the Refer A Friend Terms and Conditions for a complete set of the promotion’s requirements and restrictions.
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