Solarity Credit Union's $100 Bonus: Turn Your Debit Card Swipes Into Savings

Looking for a straightforward way to pocket an extra $100? If you're in Washington state, Solarity Credit Union has a promotion that rewards you for your everyday spending. Instead of complex direct deposit requirements or large minimum balances, this offer simply asks you to use your debit card like you normally would. Let's break down whether this bonus is worth your time and what you need to know before applying.

How This Bonus Actually Works

The mechanics are refreshingly simple. First, you open a new Bonus Savings account. This isn't a standalone account for the bonus—you need to also have (or open) a Solarity checking account and link the two.

Then, you switch to eStatements (a common requirement these days) and get swiping. You need to make at least 20 debit card purchases that post to your linked checking account within the first 60 days. Think groceries, gas, coffee, online subscriptions—any purchase that uses your Solarity debit card and clears counts.

Once you've hit that 20-transaction mark, Solarity says they'll credit the $100 to your Bonus Savings account as a 'dividend' within 90 days of when you opened it. There's no monthly fee on the savings account, so you can keep it open afterward without cost.

Who Can Join Solarity?

This is a credit union, so membership has eligibility rules. The good news is they're fairly broad for Washingtonians. You can join if you live, work, worship, or attend school anywhere in the state.

If you don't meet that geographic test, you still have paths in: having a family member who's already a member qualifies you, or you can become a 'Friend of the GoWest Foundation' with a small donation. Always double-check the official membership page for the most current details.

Practical Tips and Things to Watch

This bonus is appealing because it doesn't require moving your direct deposit or maintaining a high balance. But that ease comes with a few considerations.

• Track Your Transactions: 20 purchases in 60 days is about one every three days. It's very doable, but set a reminder to ensure you hit the target. Only posted transactions count, so last-minute swipes on day 59 might not clear in time.
• Understand the Rate: The attractive 3.05% APY on the savings account is contingent on you continuing to meet the same conditions each month (eStatements + 20+ debit purchases). If you stop using the debit card heavily, the rate will likely drop.
• Credit Check Unknown: The source material noted it was unclear if this triggers a hard credit pull. It's wise to assume a new account application might involve one, especially if you're also opening a checking account. You can call Solarity to ask directly before applying.
• Think Beyond the Bonus: The $100 is nice, but evaluate if Solarity's checking and savings products fit your long-term banking needs, like ATM access, mobile app, and customer service.

Is This Offer Right For You?

If you're already in Washington and don't mind shifting some daily spending to a new debit card for two months, this is a low-effort $100. The lack of fees means there's little risk after you get the bonus.

However, if you're chasing the highest possible savings yield or prefer not to use a debit card frequently, the ongoing value might be limited once the bonus is earned. Compare the 3.05% APY (with strings attached) to other high-yield savings accounts that have no spending requirements.

Bottom Line

• A simple, spend-based bonus ideal for Washington residents who use debit cards regularly.
• No monthly fees or direct deposit hurdles, but you must make 20 purchases in 60 days.
• The high APY on the account requires maintaining the same debit card usage monthly.
• Always confirm membership eligibility and potential credit checks directly with the credit union before applying.

Common Questions