Ridgewood Savings Bank has two new bonuses available, $150 and $300, for checking accounts. You can earn another $50 by completing some activities. You need to go into a branch to open the account.
Offer
- A $300 bonus offer is available to eligible customers who
- Open a qualifying Premier Checking account AND
- Make a cumulative direct deposit of funds of at least $2,500 into it within 60 days of account opening.
- A $150 bonus is available to eligible customers who
- Open a Ridgewood Good or Checking with Interest Account AND
- Make a cumulative direct deposit of funds of at least $500 into it within 60 days of account opening.
- A $150 bonus is available to eligible customers who
- Open a Student Advantage account and make either:
- (i) a direct deposit of funds into it; or
- (ii) 10 debit card Point-Of-Sale purchases, within 60 days of account opening.
- Open a Student Advantage account and make either:
In addition, eligible customers may receive up to 5,000 in uChoose Reward® points by earning 1,000 uChoose Reward® points for each eligible additional service enrolled in during the Promotional Period. Eligible additional services for this Offer include: 1. MX-Money Management; 2. eStatements; 3. SMS Fraud Alerts; 4. Mobile App Activation; 5. Mobile Wallet. 5,000 uChoose Reward® points can be redeemed for $50 cash value.
Offer Terms
- Qualifying direct deposits include recurring electronic deposits of your paycheck, pension or government benefits (such as Social Security).
- Person-to-Person and bank transfers between your Ridgewood Savings Bank accounts or accounts you have at other financial institutions or brokerages do not qualify.
Eligibility
Offers available to businesses located in New York only.
Valid for consumers who (a) do not currently hold a Ridgewood checking account either personally or as joint owner, (b) did not have a Ridgewood checking account either personally or as joint owner that was closed in 2019
New customer must mention this offer at the time of account opening.
Fees
Premier Rewards Checking has a $15 monthly fee that is waived when:
- You have an average daily balance of at least $5,000, AND
- Your combined Ridgewood deposits total at least $25,000 at the end of your statement cycle
Checking with Interest has a $10 monthly fee that is waived when:
- Your combined Ridgewood deposits total at least $5,000 at the end of your statement cycle
Ridgewood Good Checking has a $3 monthly fee that is waived when:
- You have at least $300 in monthly direct deposit transactions, OR
- You enroll in and maintain eStatements, OR
- Your combined Ridgewood deposits total at least $2,500 at the end of your statement cycle, OR
- You are 65 or over
Student Advantage Checking has no monthly fee.
Guru’s Wrap-Up
$300 is the best bonus we have seen from this bank. But, it requires a Premier Rewards Checking account that is not easy to keep fee-free. I don’t see an early closing fee in their terms, so you could be able to come out ahead even if you pay the $15 fee for a few months. The other accounts are easier to keep free, if you go for the $150 bonus. Plus you can get $50 for completing activities with any account I believe. They’re pretty difficult with approvals for personal accounts though. I think I’ve been turned down twice in the past.
Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. You can also access bonuses available in your state by visiting dannydealguru.com/tag/NY-bank-bonus/. Just replace NY with your state or with “nationwide”.
And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
Offer details
- Promo Page
- Bonus: $150/$300
- Account Type: Checking
- Availability: NY
- Expiration Date: 6/30/2019
- Type of Inquiry: Soft pull
- Direct Deposit Requirement: Yes
- Credit Card Funding: None
- Monthly Fee: Yes, can be waived
- Closing Account Fee: Unknown
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