DOC Compass — Offers, decoded

Offer at a glance

Maximum bonus amount: $100
Availability:
- Alabama
- Florida Counties: Escambia County
Direct deposit required: None
Additional requirements: Online banking
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: $4, avoidable
Early account termination fee: Unknown
Household limit: None
Expiration date: None listed

The Offer

Direct link to offer, find and share referrals in this linked post.

Alabama Credit Union is offering a $100 referral bonus to both parties when the person being referred completes the following requirements:
- Use the same email address associated with their new account as the one provided at the time of referral
- Be eligible for and establish membership by opening a primary savings account with a minimum deposit of $5
- Open a qualifying checking account (Value Checking or Lifestyle Checking)
- Enroll in online banking;
- Maintain the checking account in an open status for a minimum of forty-five (45) calendar days

The Fine Print

Refer-A-Friend Program Disclosure: To qualify for the Refer-A-Friend Reward, the Referrer must be an existing Alabama Credit Union member in good standing with a minimum balance of $5 in a primary savings account and have a valid email address on file.
The Referrer must submit the Referee’s email address through the official referral process.
The Referee must complete all of the following Qualifying Actions for the referral to be considered valid:
(1) Be referred by a Referrer and use the same email address associated with their new account as the one provided at the time of referral;
(2) Be eligible for and establish membership by opening a primary savings account with a minimum deposit of $5;
(3) Open a qualifying checking account (Value Checking or Lifestyle Checking);
(4) Enroll in online banking;
(5) Maintain the checking account in an open status for a minimum of forty-five (45) calendar days.
Both the Referrer and Referee must be at least eighteen (18) years of age and must not have caused a loss to Alabama Credit Union, whether resolved or outstanding.
Youth accounts and business accounts do not qualify.
Upon verification that all Qualifying Actions have been completed within the required timeframes, each the Referrer and Referee will receive a $100 reward, delivered via email within four (4) weeks.
Referrers may earn up to $300 in rewards per calendar year, based on a maximum of three (3) valid referrals.
This promotional offer is subject to change or termination at any time without notice.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Value checking has a $4 monthly fee. Free with online banking, if you are age 23 and younger, or age 55 and older.
Lifestyle checking has a $5 monthly fee

Early Account Termination Fee

I was unable to find a fee schedule so unsure if there is any EATF.

Our Verdict

Seems like an easy bonus, not sure how strict they will be on account opening/referrals. Share your experiences in the comments below.Do not share your referral or ask for a referral in the comments below. Find and share referrals in this linked post.

Hat tip to reader ShawntheShawn

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