(Expired) Ridgewood Savings Bank, $200 Checking Bonus (NY)

Ridgewood Savings Bank is offering a $200 bonus when you open a new checking account. You can sign-up for any checking account and get the bonus in three parts after fulfilling the following requirements in 60 days:

  • $100 when you enroll in direct deposit (minimum of $250)
  • $50 for performing 10 debit card transactions
  • $50 for enrolling in eStatements

Use the promo code 200good when signing up online, or mention this promotion when enrolling in-person.

Ridgewood Savings Bank 200 bonus

Minimum $25 to open a checking account. This offer is limited to one checking account per tax ID#. You will receive the bonus within 30 days after the qualifying time period passes (90 days). Existing checking account customers are are also eligible if the promo code is provided and the required actions are performed after the start date of this offer and prior to the offer’s termination. Account must be in good standing to receive compensation.

As with most bonuses, it will be considered interest and will be reported to IRS form 1099-INT. Online account opening eligible for New York State and Fairfield County residents only. Most branches are located around NYC.

Free Checking is your best option. It has no no minimum balance requirement and an opening balance as little as $25.00.

Update: I’m not sure if they’re more sensitive to recent numerous inquiries, or they don’t like me personally, but they turned me down for a second time. I applied last year as well and received the same response.

Unfortunately, we were unable to open the account because of the numerous inquiries performed by other banks within a short period of time. You may be able to open an account in person by visiting any of our conveniently located branches.

Let me know if it works out for you.

Offer Details

  • Sign up Offer
  • Account Type: Free Checking
  • Availability: NY
  • Expiration Date: None
  • Inquiry Type: Soft Pull
  • Credit Card Funding: No
  • Direct Deposit Requirement: $250 DD within 60 days of account opening
  • Other Requirements: 10 debit card transactions & enroll in eStatements
  • Monthly Fee: None
  • Closing Account Fee: Unknown

HT: hustlermoneyblog

7 thoughts on “(Expired) Ridgewood Savings Bank, $200 Checking Bonus (NY)

  1. Pingback: [Expired][NY & CT only] Ridgewood Savings Bank $200 Checking Bonus - Doctor Of Credit

  2. Tried applying. Got denied due to Excessive Inquiries. I’ve opened a 3 checking and 3 savings in the past 3 months.

    Based on T&C’s (“Existing checking account customers are eligible if the promo code is provided and the required actions are performed after the start date of this offer and prior to the offer’s termination.”), I should have never closed by old account (not that I could have known).

    I may stop in a Branch at some point in the future.

    • I’m not sure. It says that this offer is limited to one checking account per tax ID# but I don’t believe that excludes you if you already received a bonus from them in the past since this is a new offer. I’ll look around to see if anyone tested it out.

      I didn’t get the bonus in 2015 since they didn’t approve my application online and asked me to go in branch to apply, which I never got around to doing.

      Do you you have any data points if it’s soft/hard pull and what worked for DD last time?

      • Soft pull. I don’t remember what I did for DD – probably just an ACH – but I do recall that I only did $5 (there was no minimum specified), and that didn’t count. They did give me the bonus after I complained, though.

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