Ridgewood Savings Bank $350 & $200 Checking Bonuses [NY Residents] – Ended

Ridgewood Savings Bank promotions and bonus offers can be found updated here. Typical offers range from $100 to $350 cash

• Update 10/14/2023: This offer is no longer available. If you’re for a nice checking bonus, check out this offer from BMO Bank to earn up to $600.

Ridgewood Savings Bank was established in 1921. They have nearly 40 locations throughout New York. If you don’t meet the residency requirements for this institution’s offers, see our bank promotions page for other offers. Top offers can be found from Chase Bank, TD Bank, HSBC Bank, Wells Fargo, BBVA and many more banks.

Savings and CD rates from Ridgewood Savings Bank aren’t too bad considering they’re a traditional banking institution. Compare their rates with the nation’s best Savings rates here and the best CD rates here.

I’ll review the current offers below.

[Expired] $350 Checking Bonus From Ridgewood Savings Bank

Earn up to a $350 bonus with this checking offer from Ridgewood Savings Bank.

• Bonus offer expires 6/30/2019
• Available in NY
• Premier Checking is eligible for the $350 offer. Ridgewood Good, Checking with Interest and Student Advantage Checking are eligible for the $200 offer
• Direct deposit is required for the bonus
• Application will trigger a Soft Pull, which does not affect your credit
• Monthly fees: $3-$15 (see below how to waive)
• Early account termination fee: None

How To Earn The Bonus

• 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.
• 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.

Waive The Monthly Fee

Premier Checking Account

They’ll waive the $15 monthly fee 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

Ridgewood Good

They’ll waive the $3 monthly fee 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

Checking With Interest

They’ll waive the $10 monthly fee when:

• Your combined Ridgewood deposits total at least $5,000 at the end of your statement cycle

Student Advantage Checking

No monthly fee (for qualifying students)

Fine Print

• Bonus Offer is available from April 1, 2019 through June 30, 2019 (“Promotion Period”) 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, and (c) open a new personal checking account during the Promotion Period that satisfies the applicable offer criteria set forth below (an “eligible customer”).
• Customer(s) must be an eligible customer and meet all existing checking account qualification requirements to qualify for this offer and must maintain the checking account as stated in the Bank’s account terms and conditions.
• Applicable bonus amount (as further described below) will be credited to the new personal checking account once the applicable offer criteria set forth below are met, approximately 90 days from account opening.
• One bonus award per eligible customer and new account; this offer cannot be combined with any other offer.
• 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.
  
• Payments received for goods sold do not qualify.

Bottom Line

The Premier Checking requires quite a high amount of deposits across your accounts to keep free. Keep this is mind if you’re going for the $350 offer. The $200 bonus might be more practical for many. Compare this offer with the best bank offers here.

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.