Reading Cooperative Bank in Massachusetts is running a referral program that gives new customers up to a $100 bonus for opening a personal checking account and current customers a $50 bonus for referring friends and family.
RCB has branches in Andover, Burlington, North Reading, Reading, Wakefield, Wilmington, and Woburn, Massachusetts.
The Reading Cooperative Bank Friends and Family Rewards Program is currently available through December 31, 2016.
Earn up to $100 for New RCB Personal Checking Account
New Reading Cooperative Bank personal checking account customers can earn up to $100 if you present a referral coupon from a current customer when you open your new checking account.
New RCB personal checking accounts will earn $50 when you use direct deposit and/or earn $50 when you use online bill pay for a total of up to $100 in bonus incentives.
This incentive bonus offer is available for the following eligible accounts with a $10 minimum opening deposit: Value Checking, Value NOW Checking, On-the-Go Checking, Green Online Checking, and Green On-the-Go Checking.
Your $10 minimum opening deposit must be a new money deposit (not a transfer from an existing Reading Cooperative Bank account).
You must be the primary owner of a new RCB personal checking account and must not have any existing or previously closed personal checking account at RCB within the last 24 months prior to opening the new account.
$50 for Direct Deposit
To receive a $50 incentive bonus for establishing a direct deposit, you must establish a recurring electronic deposit of no less than $300 to the account and receive at least 1 instance of the electronic deposit within 60 calendar days of account opening.
Direct deposits include deposits made by your employer, a federal or state government agency, or retirement benefits administrator, and they generally must be made by corporations or other organizations.
It does not include deposits to your accounts that are made by an individual using online banking or an internet payment provider such as PayPal.
$50 for Online Bill Pay
To receive a $50 incentive bonus for online bill payment, you must enroll in online banking with the bill pay feature and initiate a successful online bill payment through Reading Cooperative Bank’s online banking system or mobile banking system within 60 calendar days of account opening.
The incentive bonus will be deposited to the associated checking account within 60 days of completing 1 or both of the required activities associated with the incentive.
Each incentive is independent of the other, so you may complete 1 or both of the required activities.
The maximum incentive bonus is $100.
This offer may not be combined with any other offers.
The incentive bonus is limited to 1 per primary account holder.
Earn $50 for Referrals to Reading Cooperative Bank
To earn a referral bonus, you must be a current Reading Cooperative Bank customer with a personal checking account that is open, active, and in good standing.
Just visit the RCB Referral Coupon Page to share referral coupons with your friends and family.
The $50 bonus will be deposited to your RCB Account within 45 days after your referee opens a new account that remains in good standing for a minimum of 30 days.
You will earn $50 for each qualified referral that you provide with no limit to the amount of referral bonuses that you can earn.
Accounts opened by RCB employees and their immediate family members and members of their household are not eligible for this promotion and will not qualify for a bonus award.
Please feel free to share and exchange contact information for Reading Cooperative Bank referrals in the comments below this article, so that both new and current customers can share in the bonus rewards (If you provide your name and email address as a current client, then a new client could simply enter your information in the coupon to present at account opening).
Reading Cooperative Bank Checking Account Details
The Value Checking account has no monthly maintenance fee and no minimum daily balance requirements, so it’s probably the easiest RCB checking account to qualify for this offer.
A $3.99 monthly maintenance fee for On-the-Go Checking and Green On-the-Go Checking will be imposed in each monthly statement cycle that the balance in the account falls below $100 on any day of the monthly statement cycle.
A $10 monthly maintenance fee for Value NOW Checking will be imposed every monthly statement cycle if the balance in the account falls below $500 on any day of the monthly statement cycle or if you do not have an automatic direct deposit to this account at least once per monthly statement cycle.
Take advantage of this Reading Cooperative Bank referral offer if you live in Massachusetts near an RCB branch.