Looking to earn some extra cash? Ridgewood Savings Bank is offering a $300 bonus for new checking account customers. Residents of NY & CT, learn how you can qualify and make the most of this limited-time offer.
Introduction
If you’ve been thinking about opening a new checking account, now’s a great time to do it. Ridgewood Savings Bank is offering a $300 bonus when you open a new checking account and set up qualifying direct deposits. Whether you’re a fan of free money or just looking for a new banking experience, this is a fantastic opportunity. Plus, Ridgewood has a strong reputation for excellent customer service and easy-to-use digital banking tools, making the switch even more worthwhile.
Let’s dive into the details and see how you can claim this bonus!
Update 11/15/24: The offer is still good. It will expire one month from now. For another $300 bouus, take a look at this one from BMO Bank.
Key Takeaways
- You can earn $300 by opening a new Ridgewood checking account and meeting the direct deposit requirements.
- The offer is available from September 9, 2024, through December 16, 2024.
- A $300 minimum in recurring direct deposits is required to qualify for the bonus.
- This offer is for new customers only who haven’t had a Ridgewood checking account in the past three months.
How to Qualify for the $300 Bonus
Here’s a step-by-step guide on how to grab your $300 bonus from Ridgewood Savings Bank:
- Open a New Checking Account: You’ll need to open a new personal checking account at Ridgewood during the promotion period, which runs from September 9, 2024, through December 16, 2024.Make sure you’re eligible: This offer is only for new customers who don’t currently hold a Ridgewood checking account and haven’t had one in the last three months.
- Set Up Direct Deposits: To qualify for the bonus, you’ll need to receive at least $300 in direct deposits. These should be recurring electronic deposits, like your paycheck, pension, or government benefits (such as Social Security). Transfers from other accounts won’t count, so be sure your direct deposit is coming from an eligible source.
- Maintain Your Account: Keep your checking account open and in good standing, and the bonus will be credited within 180 days of account opening. The first direct deposit must be made within 90 days, and the last qualifying deposit should be received within 150 days.
- Availability: For residents of NY & CT.
That’s it! Once you’ve completed these steps, you’ll see the $300 bonus hit your account, giving you a little extra cash to work with.
Important Terms and Conditions
Before you open your account, here are some important details to keep in mind:
- Promotion Period: The bonus offer is valid from September 9, 2024, through December 16, 2024.
- Direct Deposits: Make sure your direct deposits meet the requirements. Transfers from accounts at other banks or person-to-person payments (like Venmo or PayPal) don’t count.
- IRS Reporting: The $300 bonus is considered interest and will be reported on IRS Form 1099-INT, so don’t forget to factor it into your tax filings.
- Eligibility: Ridgewood employees and immediate family members are not eligible for this offer.
Why Ridgewood Savings Bank?
Ridgewood Savings Bank is known for its friendly customer service, convenient digital banking tools, and over 90,000 surcharge-free ATMs nationwide. Whether you’re managing your finances on the go or need personalized advice from their team, Ridgewood has you covered. Plus, with over 100 years of service, they’ve built a solid reputation you can trust.
If you’re looking for a bank that offers great options, rewards, and convenient services like Early Pay, this is your chance to get started with a bonus!
Our Take
If you’re in the market for a new checking account and love the idea of a cash bonus, Ridgewood Savings Bank’s $300 offer is hard to beat. The requirements are straightforward, and the 180-day window gives you plenty of time to set up and meet the direct deposit terms. Plus, with their reputation for excellent service and digital banking, switching to Ridgewood could be a smart move. Just make sure you’re eligible and get those deposits flowing before the promotion ends!
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