Update 3/14/26: Available again until April 13, 2026. Hat tip to reader Bockrr
Offer at a glance
The Offer
Direct link to offer
- Virginia Credit Union is offering a bonus of $100 when you open a new checking account and complete the following requirements:
- Have at least two direct deposits of any combination of a paycheck, pension payment, Social Security payment, or other eligible monthly income of $500 or greater electronically deposited into the account from an employer or outside agency for two consecutive months within 120 days of opening
The Fine Print
- In order to qualify for the $100 cash bonus, you must 1) be 18 years of age or older 2) Open a new personal checking account, by June 28, 2019, AND 3) Have at least two direct deposits of any combination of a paycheck, pension payment, Social Security payment, or other eligible monthly income of $500 or greater electronically deposited into the account from an employer or outside agency for two consecutive months within 120 days of opening. We reserve the right to request documentation that the direct deposits qualify.
- Cash bonus is only available to new and existing members that do not currently have a personal checking account or direct deposit history with us within the prior 12 months.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Regular checking has no monthly fees to worry about
Early Account Termination Fee
I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee.
Our Verdict
Looks like it’s a bonus worth doing due to the soft pull and the small amount of credit card funding. Obviously not the biggest or easiest bonus to do, so will be adding this towards the bottom of our best checking bonus page.
Useful posts regarding bank bonuses:
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