Reading Cooperative Bank $100 Bonus

Reading Cooperative Bank is offering a $100 bonus for new customers who open a checking account. You need to complete a direct deposit and also make a bill payment online. The offer is available in MA only and you can open the account online or in-branch. Let’s see how you can get this Reading Cooperative Bank $100 bonus.

Offer

This $100 bonus comes in two parts:

To receive a $50 incentive bonus for establishing Direct Deposit, you must establish a recurring electronic deposit of no less than $300 to the account and have received at least one instance of the electronic deposit within 60 calendar days of account opening.
To receive a $50 incentive bonus for online bill payment you must enroll in online banking with the bill-pay feature and initiate a successful online bill payment through Reading Cooperative Bank’s online banking system or mobile banking system within 60 calendar days of account opening.
Account must remain open for 60 calendar days.

The 50/50 incentive bonus offer is available for the following eligible accounts with a $10 minimum opening deposit: Value Checking, Value NOW Checking (must maintain a minimum balance of $10 to earn Annual Percentage Yield of 0.005% current as of 07/01/2020), On-the-Go Checking, Green Online Checking, and Green On-the-Go Checking. Opening deposit must be a new money deposit (not a transfer from an existing Reading Cooperative Bank account).

Each incentive bonus will be deposited to the associated checking account within 60 days of completing the required activity associated with each incentive.

Fees may reduce earnings. 50/50 incentive bonus amounts will be reported on Form 1099. Recipient is responsible for any taxes, fees, and associated banking fees, if any, to be paid on the incentive bonus. This offer may not be combined with any other offers.

Eligibility

Offer available for MA residents only.

Customer must be the primary owner of a new RCB personal checking account and must not have any existing or previously closed personal checking account at RCB within the last 24 months prior to opening the new account.

Fees

On-the-Go Checking and Green On-the-Go Checking – You pay a monthly fee if the balance in the account falls below $100 on any day of the monthly statement cycle.
Value NOW Checking – You pay a monthly fee if the balance in the account falls below $500 on any day of the monthly statement cycle or if you do not have automatic direct deposit to this account at least once per monthly statement cycle.
To receive one or both of the incentive bonuses, the account must remain open for 60 calendar days. Plus there’s a $25 early closing fee if you close your account within 6 months.

Guru’s Wrap-Up

This a small bonus compared to what we usually see from other banks. But if you don’t have many other options left in MA, this could be an easy way to make $100. You need to complete a direct deposit of $300 or more to get $50, and then complete a bill payment online to get another $50.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.

Offer Details

OFFER PAGE
Bonus: $100
Account Type: Checking
Availability: MA
Inquiry Type: Soft pull
Credit Card Funding for Opening Deposit: No
Direct Deposit Requirement: $300 within 60 days (No info on what works)
Additional Requirements: Online bill payment
Monthly Fee: None with $100+ balance
Closing Account Fee: Must keep open for 60 days to get bonus. $25 fee if you close within 6 months.
Expiration Date: 12/31/21