First Tech FCU Referral Bonus, $100 for Both Parties
First Tech Federal Credit Union has launched a new promotion that rewards referrals with a $100 bonus for each party. You can get $100 for referring friends and those who sign up with a referral link also get a $100 bonus. Let’s see the details.
The Offer
First Tech Federal Credit Union will deposit the rewards into the Membership Savings Accounts of both parties within 30 days of the referred member meeting requirements.
Signup Bonus
- Go to Offer Page
- To qualify for the $100 reward, must establish membership (by opening a savings account with $5) and open a checking account.
- Within 30 days of checking account opening, must deposit at least $250 in new funds into their First Tech checking account and maintain an average daily balance of at least $250 for 30 days from initial deposit.
- Limited to one $100 reward and not available in combination with other new member offers.
Referring Members
- Will receive one $100 reward per qualified, new member up to an annual referral bonus total of $1,000.
- Must be members for at least 30 days before being eligible to refer new members and receive rewards.
Key Terms
- Offer valid for new members and accounts opened at firsttechfed.com.
- New funds must be deposited from a source outside First Tech. Transfers between First Tech accounts will not qualify.
- For referring members, reward amounts may be reported on IRS form 1099-MISC. For referred members, the reward is considered interest and may be reported on IRS form 1099-INT. Rates effective as of 8.1.20.
- Qualifying Checking Accounts: Carefree Checking 0.00% APY (Annual Percentage Yield); First Checking Plus 0.05% APY; Dividend Rewards Checking (DRC) 1.25% Qualified APY on the first $10,000 and 0.10% APY on remaining balance; DRC Non-Qualified 0.05% APY on all balances.
- Opening a Membership Savings Account with a deposit of $5.00 is required prior to opening any other type of accounts.
- Membership Savings has a 0.05% APY. Rates subject to change at any time.
Conclusion
This is an easy bonus and both parties can get $100. For people signing up, all you need to do is deposit at least $250 and keep it in the account for 30 days. If you already have an account for at least 30 days, then make sure you refer friends and family members now so you both can get $100.
HT: Frequent Miler
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