Valley National Bank, $400 Checking Bonus
Valley National Bank is offering a bonus of $400 for new checking accounts. This offer is only available in AL, FL, NJ, and NY. Keep reading below to see if you are eligible and how to earn this bonus.
How to Earn This Bonus
To receive the $400 reward, the account must:
- receive two or more qualifying direct deposits with a cumulative total of $7,500 or more within the first 90 days from the date of account opening.
Important Terms
- Qualifying direct deposits are defined as recurring payroll direct deposits or electronic deposits of pension or government benefits such as Social Security that are made by an employer or other payer using the account and routing numbers that you provide to them. But ACHs may work as well.
- Transfers from one account to another, online or mobile banking deposits, or deposits made at a branch or ATM do not qualify as direct deposits.
- This reward is being provided for the use of the product and services established.
- The one-time $400 reward will be credited into your account within 30 days after: (1) the qualifying direct deposit requirement has been satisfied and (2) the account has been opened for a minimum of 90 days.
- Reward may be reportable as taxable income.
Are You Eligible?
Here are the eligibility details for this bonus:
- Offer available only in AL, FL, NJ, and NY.
- Account holders must have no other Valley personal checking accounts within the one-year period preceding the date of account opening.
- The reward is limited to one per Valley All Access Checking+ account. All subsequent checking accounts opened by the account holder(s) after the initial checking account will not be eligible for the promotional reward.
Account Fees
- No monthly maintenance charge for 12 months from account opening. After that, monthly maintenance charge of $15 will be incurred if daily balance of $99 is not maintained.
- No early account closing fee.
Guru’s Wrap-Up
This is a good bonus for those who are in one of the eligible states. It looks like you can open the account online even from other states, but they are ChexSystems sensitive online. So your best bet would be to visit a branch if you have one nearby.
As for the requirements, you need to complete two direct deposits totaling $7,500 or more within 90 days. You can try ACHs from other banks and those hopefully work. Otherwise you will need to have legit direct deposits to make sure you earn the bonus.
Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. You can also access bonuses available in your state by visiting dannydealguru.com/tag/NY-bank-bonus/. Just replace NY with your state or with “nationwide”.
And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
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Link & Full Details
- OFFER PAGE
- Max Bonus: $400
- Account Type: All Access Checking+
- Availability: AL, FL, NJ, NY
- Type of Inquiry: Soft pull
- Direct Deposit Requirement: 2 direct deposits totaling $7,500 (see what works)
- Other Requirements: No
- Credit Card Funding: Unknown
- Monthly Fee: None for12 months
- Early Account Closing Fee: No
- Expiration Date: None
HT: Doctor of Credit
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