Hudson River Community Credit Union $150 Checking Bonus: A Quick $150 for NY Residents

If you live in New York and are looking for an easy way to pocket some extra cash, Hudson River Community Credit Union (HRCCU) has brought back its checking bonus. It's not as high as the $250 they offered back in 2017, but $150 is still a solid return for a few simple steps. Let's break down what you need to do to snag this deal.

What You Need to Do to Get the $150

First, you'll need to visit a branch in person—this offer isn't available online. Bring your ID and be ready to open a new checking or savings account. If you already have an account with HRCCU or closed one in the last 90 days, you're out of luck.

Once your account is open, the real work begins. You have 60 days to make four purchases with your new HRCCU Visa debit card. That could be as simple as buying coffee or paying for groceries—just make sure the transactions go through. Also within 60 days, you need to set up a direct deposit. It doesn't have to be huge: two deposits totaling at least $500 will do the trick. Your paycheck, pension, or government benefits like Social Security all count.

Don't forget to enroll in eStatements and online banking. That's a quick step you can usually do right at the branch or from home. Once you've checked all those boxes, HRCCU will drop the $150 into your account within 10 business days.

Watch Out for These Gotchas

The biggest thing to remember is the six-month rule. If you close your account—or if HRCCU closes it for any reason—before six months are up, they'll take the bonus back. So plan to keep the account open for at least half a year.

Also, the bonus is considered interest income, so you'll get a 1099-INT form at tax time. That means Uncle Sam gets a cut, so don't spend the full $150 expecting to keep it all.

One more thing: we don't know yet whether HRCCU does a soft or hard pull on your credit report, or if they check ChexSystems. If you're worried about your credit score or have a history of banking issues, you might want to ask a branch representative before applying.

Is This Bonus Worth Your Time?

For NY residents who can easily switch their direct deposit, this is a pretty straightforward deal. There are no monthly fees to worry about, and the requirements are clear. The main hassle is having to go to a branch in person, but if you live near one, it's not a big deal.

Compared to other bank bonuses out there, $150 for $500 in direct deposits and four debit card swipes is a good return. Just make sure you can commit to keeping the account open for six months. If you can do that, this is an easy $150.

Bottom Line

• Earn $150 with $500 in direct deposits, 4 debit card purchases, and eStatements.
• No monthly fees, but account must stay open 6 months to keep the bonus.
• Available in-branch only at NY locations—not online.
• Bonus is taxable as interest income.

Common Questions