For a limited time, earn a $250 cash bonus when you open an RCU free checking account and set up direct deposit!1
New Members must have at least $500 in qualifying direct deposits within 90 days of account opening. Hurry! Offer ends 2/29.
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1
Open your account
Have your Social Security number and driver’s license or ID card handy. Enter the promo code 250FORME on the review page.
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Set up direct deposit
Submit your RCU checking account and routing number to your employer to establish direct deposit. Steps can be found here.
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Receive direct deposit
Within 90 days of opening your account, receive a minimum of $500 of payroll-based funds via direct deposit.
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4
Enjoy $250!
Your $250 will be deposited into your new free checking account within 30 days of meeting qualifications!
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Free Checking Highlights
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No maintenance fees
This free checking account comes with no monthly fees.
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Earn rewards
Earn debit card rewards on every signature-based purchase.2
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Nationwide ATM access
Enjoy free access to 30,000 Co-op® ATMs nationwide for easier access to your funds. Or get cash at nearly any ATM fee-free up to 4 times per month with our ATM reimbursement program.3
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Free overdraft protection options
You have options to protect your account from overdraft charges, to give you peace of mind.
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And more...
Ready for a $250 cash bonus?
Open a free checking account today. Offer ends 2/29.
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1Offer valid until 02/29/2024. Promotion is offered to new RCU Members. Employees of RCU and/or RCUSG, volunteer Officials, their family members and roommates are not eligible. Promotion is subject to change and certain restrictions may apply. To receive the $250 bonus, you must open a qualifying new checking account with Redwood Credit Union with a qualifying direct deposit. Qualifying checking accounts are limited to General Membership, open for a minimum of 60 days. Youth, business, health savings (HSA), custodial, trusts, and other specialized accounts are excluded from this offer. Direct deposit must be an ACH deposit of $500 or more with an effective deposit date within 90 days of account opening. Direct deposit is restricted to regular income deposits, government benefits, and monthly retirement income. Person-to-person payments such as Venmo™, PayPal, or Zelle®, and external transfers from linked accounts are excluded. One $250 bonus is available per qualifying individual. New Members must qualify for membership and are required to establish a membership account. Membership is open to anyone living or working in one of the eight North Bay counties RCU serves, some restrictions may apply. For new membership accounts, you must deposit $5 in a regular savings account to open a checking account. The promo code expires on 02/29/2024. $250 bonus is considered interest and will be reported on IRS Form 1099-INT. Participant is responsible for all applicable taxes. Bonus will be awarded by a credit to the newly established checking account within 30 days of meeting checking account and direct deposit requirements.
2Debit rewards available for personal accounts only. Business accounts are not eligible for debit rewards. Signature-based transactions only.
3First two non-RCU ATM fees reimbursed with active checking; first four non-RCU ATM fees reimbursed with active checking and active RCU loan or credit card. Active = at least one transaction or payment in prior month. (Up to $10 per transaction, casino/gambling and ATMs outside U.S. excluded from reimbursement).
4Certain restrictions may apply. Recipient must have a US Bank Account. Once a recipient claims their funds, transfers are generally completed within 1 business day or less, but may take up to 3 business days. Message and data rates may apply. Mobile Banking from RCU is free, but you may incur data charges from your carrier/service plan. Please check with your carrier and service plan on specific charges.
All Highlights
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No maintenance fees
This free checking account comes with no monthly fees.
-
Earn rewards
Earn debit card rewards on every signature-based purchase.2
-
Nationwide ATM access
Enjoy free access to 30,000 CO-OP® ATMs nationwide for easier access to your funds. Or get cash at nearly any ATM fee-free up to 4 times per month with our ATM reimbursement program.3
-
Free overdraft protection
You have options to protect your account from overdraft charges, to give you peace of mind.
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Free online and mobile banking
Access your account from your phone or computer to manage your account anytime, anywhere.
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RCUpay person-to-person payments4
Quickly send money to people you know with RCUpay, available in online banking and the mobile app.
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No per-check fees
As a Member you don't have to pay any per-check fees to help you save your money for the things you love.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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