I'm not sure if this was targeted or not. It was an offer under my Marriott Chase credit card account. You get $900 cash back when you open a checking and savings account through the link. Sure the interest rates are crap...but once you get your $900 after 3 months, you can close accounts and move elsewhere. Seems like a killer deal...unless I'm missing something?
https://accounts.chase.com/consum...px=PT22272
"To receive the $300 checking bonus: 1) Open a new Chase Total Checking account, which is subject to approval; AND 2) Have your direct deposit made to this account within 90 days of account opening. Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. Person to Person payments (such as Chase Quickpay® with Zelle®) are not considered a direct deposit. After you have completed all the above checking requirements, we'll deposit the bonus in your new account within 10 business days. To receive the $200 savings bonus: 1) Open a new Chase SavingsSM account, which is subject to approval; 2) Deposit a total of $15,000 or more in new money into the new savings account within 20 business days of account opening; AND 3) Maintain at least a $15,000 balance for 90 days from the date of deposit. The new money cannot be funds held by you at Chase or its affiliates. After you have completed all the above savings requirements, we'll deposit the bonus in your new account within 10 business days. To receive the extra $400 bonus: You must open the checking and savings account at the same time and complete all requirements above for BOTH the checking bonus and savings bonus. After you have completed all requirements, we will deposit the remaining bonus due in your new checking account within 10 business days."
Setup a direct deposit of $500 a month or have a balance of over $1500 to avoid fees on checking. And maintain balance of over $300 on savings to avoid fees.
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Do you know if with these, I will technically be moving money from one savings acc. at one bank to another ("new" money), do the deposit limits still apply the same with deposits over $10K? Or would it still flag deposits if I wrote myself a check for the amount above 10K?
Do you know if with these, I will technically be moving money from one savings acc. at one bank to another ("new" money), do the deposit limits still apply the same with deposits over $10K? Or would it still flag deposits if I wrote myself a check for the amount above 10K?
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For those thinking of making the deposit into savings during the 20 days--keep in mind it says you must have a 15K balance for 90 days---so to be safe you will have to leave your
$$$ in there for 90 days after you get to the 15K. If I'm reading it correctly. I don't have any experience on this as I opened everything with a 15K check in bank for the $600 bonus and will probably do the same for this if this code will work like that.
I currently have the $600 code in a mailer on my desk and it is saying $500 direct deposit or minimum balance to have FREE checking but does not indicate a direct deposit of $500 for the bonus. The 15K will qualify you for free checking for the first 3 months then it makes no sense to keep it in there after you receive the bonus. You will have to figure out how to keep the checking account free after that. Chase's interest is so low. I never made $1 on interest in the 3 months on 15K so at 3% that was a loss of over $30 a month in interest so keep that in mind.
Who said you had to leave your Credit Union? I kept everything in place for the 90 days--just moved 15K to park it in Chase Savings and changed a direct deposit. That's it Moved all the money back. There was one thing I had to go through and that was contacting my main bank to allow a transfer of the 15K back into my account as they had a lower limit set on the new account for a transfer in. Took an email and a day to get that done and then click of a button and the $$$ was back in my original bank earning the 3.01% interest. I keep everything coming out of the bank that is paying me the most interest on my checking account. That simple. For those of you in LA, Mo, KS there is a bank called Southern Bank that is paying that kind of interest and I've been with them for at least 8 yrs. It was paying 7% and then dropped to 3.01 when everyone either dropped this kind of checking account or dropped their rates. They changed it so people can't sign up over the internet unless you live in that area.
If anyone is interested contact me (pm)---I'll give you more info and possibly a way to make more $$$ when opening it up.
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The other way people are saying it works is by sending an ACH from YOUR current bank. This is NOT a bill pay--this is a direct ACH. However there is NO guarantee this will work but some have said it will. I did not try it.
For me the easiest way of doing this was moving a direct deposit, putting 15K in savings and not touching it then transferring the direct deposit back out the day it arrived to my other high interest checking account. The most work I had to do is once a month click a button to move the $$$.
It's important to keep that 15K earning interest so I moved it out of there asap and left $300 in there and then allow the auto deposit in there for another 3 months--I'm at the point now that I can close that account with no claw backs. I still only make 1 click to move the $$$. I'm actually waiting for the next best account to open to move my direct deposit to.