[CA only] Wescom Credit Union $200 Checking Referral Bonus For Both Parties – Doctor Of Credit

Update 11/18/23: Referral bonus now $200.

Offer at a glance

Maximum bonus amount: Up to $100 for both parties
Availability: Anyone who lives, works, worships, or attends school in the seven Southern California counties (Los Angeles, San Bernardino, Orange, Riverside, San Diego, Ventura and Santa Barbara) is eligible to open an account at Wescom
Direct deposit required: Optional
Additional requirements: Yes, see below
Hard/soft pull: Unknown
Credit card funding: Unknown
Monthly fees: $8, waivable
Early account termination fee: Unknown
Expiration date: December 31st, 2016

The Offer

You can currently get $100 for referring friends to become Wescom Signature members, they will also receive up to $100.
- Invite a friend to become a Wescom Signature Member
- When your friend opens a Wescom Checking Account with $100, $50 each
- When your friend opens a Wescom account and achieves Signature Membership during their New Member Period* = $50 each
- When your friend achieves Platinum Signature Membership in that same period = another $100 each

You need a certain amount of qualifying relationships to achieve signature membership and platinum signature membership.

Here is what qualifies a signature relationship:

New Member Period is the first three full calendar months after the date of joining Wescom. Depending on that date, it can range from 90 to 120 days.
New accounts must be opened by December 31, 2016 to qualify.
Referring member does not need to be present when new member opens their account to qualify. Member must achieve Signature or Platinum Signature Membership during New Member Period for both parties to qualify and receive the credit.
Bonus will post to accounts the month after new member achieves Signature Membership and again after new member achieves Platinum Signature Membership. Bonuses are considered interest and will be reported on IRS Form 1099-INT.
Account opening and Visa® Check Card subject to verification by ChexSystems, a consumer reporting agency; Primary Payment Systems, an independent verification service; and Credit Union approval.
Anyone who lives, works, worships, or attends school in seven Southern California counties is eligible to open an account at Wescom.
A $1 deposit to a Regular Savings Account is required.
Certain conditions and restrictions apply. Ask for further details. Offer is only valid for visits made to Wescom branches.
Youth Accounts, UTMA, Club/Fiduciary Accounts are not eligible for this promotion.
Wescom employees are not eligible for this offer.

Their no fee checking account has a $8 monthly fee that is waived if you have platinum or platinum signature membership.

Previously they offered the same deal but the person signing up got the full $200 bonus, even when they offered that I put this into the too hard basket because the number of things you need to do to get the full bonus is way to difficult. I’d recommend going for one of these bank account bonuses instead.

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