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Amalgamated Bank $150 Checking Bonus Promotion – Available Nationwide

aegraduate 1 10 May 11, 2016 at 01:02 PM in Finance (3)
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https://www.amalgamatedbank.com/c...ign=50-150

Quick Take:
- Soft Pull - AFAIK
- Real DD is the only Bonus Req (within 60 days of account opening) - bonus posts within 30 days of requirement being met.
- no fees IF real DD of > or = to $1 is received during each statement period.
- Early Account Termination Fee - unknown - not mentioned.



Fine Print:
1. To qualify for this bonus of $150, you must open a Convenience+ Checking Account between April 15 and June 30, 2016, using the URL provided or by mentioning this special offer when you apply by visiting a branch,
and you must set up a qualifying recurring direct deposit (including ACH credits of payroll, pension or government payments payable to you) (hereinafter "qualifying direct deposit") of $500 or more. At least one qualifying direct deposit of $500 or more must post to your account within 60 days of account opening. Once you have met these requirements, the bonus will be directly deposited into your Convenience+ Checking Account within 30 days. The value of the bonus may have to be reported to the IRS; consult your tax advisor. Offer is limited to one per customer, is subject to withdrawal at any time, and is valid only for accounts in good standing. All accounts subject to the bank's Terms and Conditions.


2. If you qualify for the $150 bonus, we will also donate $50 to the non-profit organization above. There is no cost to you and this donation is paid fully by Amalgamated Bank. There is no substitute for this $50 donation and you cannot opt to receive it directly.


3. For Convenience+ Checking Accounts there is a $10 monthly maintenance fee that can be waived with a qualifying recurring direct deposit of any amount.
Note that a direct deposit of less than $500 will not qualify you for the $150 bonus; please see the footnote above for terms and conditions related to the bonus offer.
There is no minimum opening deposit or minimum balance requirement to maintain in the account in order to obtain the bonus stated above. The Convenience+ Checking Account is a variable tiered interest rate account.
The Annual Percentage Yield (APY) on this account works as follows: if the daily balance is $0-$499.99, the APY paid on the entire balance is 0.01%; for balances $500-$999.99, the APY paid on the entire balance is 0.05%; and for balances $1,000+, the APY paid on the entire balance is 0.10%. The APY stated is accurate as of April 15, 2016 and is subject to change at any time without notice. Fees may reduce earnings.


Disclaimer - this bank is union owned and is stridently political/acts as a fundraising bank for the progressive/democrat party. They also donate $50 to "the color of change" - a very one-sided political activist protest group on each applicant's behalf. https://www.amalgamatedbank.com/mission-values

7 Comments

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#2
Signed up, lets see
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#3
I took advantage of this, the bonus should be posting soon. Has anyone worked at a place with a payroll system allowed them to change their direct deposit themselves without going through HR? They will probably get tired of me wanting to change my account info back and forth so often on stuff like this.
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#4
Quote from xryanx View Post :
I took advantage of this, the bonus should be posting soon. Has anyone worked at a place with a payroll system allowed them to change their direct deposit themselves without going through HR? They will probably get tired of me wanting to change my account info back and forth so often on stuff like this.
Mine is through a website.. I tinker mine ever 15 days
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#5
Signed up and I'm adding new account to my payroll and it says 026003379 does not exist. Anyone find an alternative routing number? Googling it shows it as a good number, but I know banks sometimes have multiple routing numbers - I had this issue with another bank (as did others).

Thanks
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Joined Jan 2013
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#6
Quote from bradyohio View Post :
Signed up and I'm adding new account to my payroll and it says 026003379 does not exist. Anyone find an alternative routing number? Googling it shows it as a good number, but I know banks sometimes have multiple routing numbers - I had this issue with another bank (as did others).

Thanks
that is the correct number, your payroll is farked up
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#7
this is dead. why isn't it marked dead?
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#8
Quote from comeback View Post :
that is the correct number, your payroll is farked up
indeed that was the case! Smilie
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