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expirednotmybusiness posted Jan 30, 2025 01:27 AM
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expirednotmybusiness posted Jan 30, 2025 01:27 AM

Bank of Hope New Personal Checking Acct: Open Simply Checking Account w/ $1K+

via Direct Deposit (Valid thru 2/28)

Earn $388 Credit

Bank of Hope
293 Comments 92,479 Views
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Deal Details
Bank of Hope is offering their Bank of Hope New Personal Checking Customers: Simply Checking Account: Open/Setup a New Account w/ promo code LUNAR and complete a Qualifying Direct Deposit Totaling $1000+ (within 90-Days) & Earn a Bonus of $388 when you follow the instructions listed below. Your bonus will be credited to your checking account within 30-days after all requirements are met.

Thanks to Community Member notmybusiness for finding this deal

Note, this offer is for new Bank of Hope personal checking customers only

Deal Instructions
  1. Open/Setup a New Bank of Hope Personal Checking Account
  2. Use promo code LUNAR (to a activate your promotional offer)
  3. Complete a Direct Deposit Totaling $1000+ within 90-Days so account opening
  4. Within 30-days after meeting all requirements, your bonus of $388 will be credited to your checkings account
    • Note, the bonus will be reported on IRS Form 1099-INT, as required by applicable law
Bank of Hope Simply Checking Benefits
  • No Monthly Service Charge
  • Low $25 Minimum Opening Deposit
  • Go Paperless w/ e-Statements
  • Nationwide Access to 50,000 Surcharge-Free ATMs

Editor's Notes

Written by SlickDealio
  • About the Deal
    • Bank of Hope is FDIC Insured; Backed by the full faith and credit of the U.S. Government
    • Offer valid for New Bank of Hope personal checking customers only
    • Must complete/setup a direct deposit totaling $1000 or more within 90-days of account opening
    • Your bonus of $388 will be issued within 30-days after all requirements are met
    • Customers whose account has been closed within the last 30 days are no eligible
    • Offer cannot be combined with any other checking offer
    • Limit 1 bonus per account/customer
    • Additional eligible requirements may apply
    • Offer valid through February 28, 2025 or while promotional offer last

Original Post

Written by notmybusiness
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Bank of Hope is offering their Bank of Hope New Personal Checking Customers: Simply Checking Account: Open/Setup a New Account w/ promo code LUNAR and complete a Qualifying Direct Deposit Totaling $1000+ (within 90-Days) & Earn a Bonus of $388 when you follow the instructions listed below. Your bonus will be credited to your checking account within 30-days after all requirements are met.

Thanks to Community Member notmybusiness for finding this deal

Note, this offer is for new Bank of Hope personal checking customers only

Deal Instructions
  1. Open/Setup a New Bank of Hope Personal Checking Account
  2. Use promo code LUNAR (to a activate your promotional offer)
  3. Complete a Direct Deposit Totaling $1000+ within 90-Days so account opening
  4. Within 30-days after meeting all requirements, your bonus of $388 will be credited to your checkings account
    • Note, the bonus will be reported on IRS Form 1099-INT, as required by applicable law
Bank of Hope Simply Checking Benefits
  • No Monthly Service Charge
  • Low $25 Minimum Opening Deposit
  • Go Paperless w/ e-Statements
  • Nationwide Access to 50,000 Surcharge-Free ATMs

Editor's Notes

Written by SlickDealio
  • About the Deal
    • Bank of Hope is FDIC Insured; Backed by the full faith and credit of the U.S. Government
    • Offer valid for New Bank of Hope personal checking customers only
    • Must complete/setup a direct deposit totaling $1000 or more within 90-days of account opening
    • Your bonus of $388 will be issued within 30-days after all requirements are met
    • Customers whose account has been closed within the last 30 days are no eligible
    • Offer cannot be combined with any other checking offer
    • Limit 1 bonus per account/customer
    • Additional eligible requirements may apply
    • Offer valid through February 28, 2025 or while promotional offer last

Original Post

Written by notmybusiness

Community Voting

Deal Score
+62
Good Deal
Visit Bank of Hope

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Top Comments

anubis57
1919 Posts
480 Reputation
If the account is closed within 6 months from the account opening date, the bonus may be forfeited or deducted at closing.


Sounds great!
PaulP6715
3353 Posts
511 Reputation
They collected all my information. SSN, employer, DL, Etc. They sent me a 6-digit security code to my phone, which I correct entered into their website. After entering the correct 2FA code, it asked for it *again*, and an email came through rejecting my checking account application without explanation. Bizarre. Never turned away from an account in my life. Oh well. There goes my personal information into another database.
drewman77
210 Posts
28 Reputation
Chinese Lunar New Year.

In China...

Number 3 is associated with living
Number 8 is associated wealth

A grouping of 3 items is considered extremely lucky.

So, 388 means live wealthy x2 with luck.

Worked for a medsurg company that had a Chinese director of r&d. Our 888 camera was an incredible seller. He named it that, so found out what all the numbers meant in China.

292 Comments

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Jan 30, 2025 07:10 PM
428 Posts
Joined Jan 2015
ZalupashvilyJan 30, 2025 07:10 PM
428 Posts
How much do i have to deposit when I open my account?
Original Poster
Jan 30, 2025 07:20 PM
42 Posts
Joined Nov 2018
notmybusiness
Original Poster
Jan 30, 2025 07:20 PM
42 Posts
Quote from Zalupashvily :
How much do i have to deposit when I open my account?
$25 was the minimum.
Jan 30, 2025 07:31 PM
428 Posts
Joined Jan 2015
ZalupashvilyJan 30, 2025 07:31 PM
428 Posts
Quote from notmybusiness :
$25 was the minimum.
So I can put $25 to open and then $1k direct deposit to qualify for the bonus?
Jan 30, 2025 07:39 PM
192 Posts
Joined May 2018
OrangeMustang158Jan 30, 2025 07:39 PM
192 Posts
So once you direct deposit $1,000 within the 3 months, do you need to continually send money (direct deposit) to the account? Is there a minimum (can I direct deposit $1.00) to meet the requirement? Is there a monthly minimum? I assume one would transfer all the money out when the bonus is paid and then close the account? Nice find OP.
Jan 30, 2025 07:59 PM
9 Posts
Joined Aug 2018
GarrickYJan 30, 2025 07:59 PM
9 Posts
Quote from notmybusiness :
$25 was the minimum.
Does the bank let you fund the account with a credit card?
Original Poster
Jan 30, 2025 08:19 PM
42 Posts
Joined Nov 2018
notmybusiness
Original Poster
Jan 30, 2025 08:19 PM
42 Posts
Quote from GarrickY :
Does the bank let you fund the account with a credit card?
No idea.
3
Original Poster
Jan 30, 2025 08:20 PM
42 Posts
Joined Nov 2018
notmybusiness
Original Poster
Jan 30, 2025 08:20 PM
42 Posts
Quote from OrangeMustang158 :
So once you direct deposit $1,000 within the 3 months, do you need to continually send money (direct deposit) to the account? Is there a minimum (can I direct deposit $1.00) to meet the requirement? Is there a monthly minimum? I assume one would transfer all the money out when the bonus is paid and then close the account? Nice find OP.
minimum initial deposit $25 then you put $1000, a qualifying direct deposit (like from your employer) one time then you get the money in 1month and you keep the account open for 6month, no need to do anything, no monthly fee, just let it sit there and you can close it and just let it stay there. up to you.

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Jan 30, 2025 08:22 PM
192 Posts
Joined May 2018
OrangeMustang158Jan 30, 2025 08:22 PM
192 Posts
Quote from notmybusiness :
minimum initial deposit $25 then you put $1000, a qualifying direct deposit (like from your employer) one time then you get the money in 1month and you keep the account open for 6month, no need to do anything, no monthly fee, just let it sit there and you can close it and just let it stay there. up to you.
Super thanks for the information. Is it possible to withdraw the $1,000 after depositing or do I need to leave the money in there for 6 months? Thanks in advance.
Original Poster
Jan 30, 2025 08:27 PM
42 Posts
Joined Nov 2018
notmybusiness
Original Poster
Jan 30, 2025 08:27 PM
42 Posts
Quote from OrangeMustang158 :
Super thanks for the information. Is it possible to withdraw the $1,000 after depositing or do I need to leave the money in there for 6 months? Thanks in advance.
*This offer is for new personal checking customers only. Bank of Hope customers with existing personal checking accounts, or whose accounts have been closed within the last 30 days are not eligible. Offer cannot be combined with any other checking offer. The eligible account must be a personal Bank Simply Checking account opened by an eligible customer during the promotional offer period. Only the first checking account opened is eligible for the offer. Subsequent checking account(s) opened under the same account ownership type and account title are not eligible. Limit one Bonus per account per customer. A new checking account opened after closing an existing checking account during the promotional offer period is not eligible for the offer. An eligible account must remain open and in good standing from the account opening date of your eligible account until the Bonus is paid. If the account is closed within 6 months from the account opening date, the bonus may be forfeited or deducted at closing. The $388 bonus will be credited to your checking account within 30 days after all requirements are met. 'Direct Deposit Requirement: Qualifying direct deposits are electronic deposits of your income on a regular basis, such as salary, pension, or Social Security benefits which are made by an employer or other payer. Non-qualifying deposits include person-to-person payments such as Zelle or Venmo, teller deposits, debit card transfers, ATM deposits or transfers, Online and/or Mobile Banking transfers, wire transfers, or transfers from a bank or brokerage account. IMPORTANT TAX INFORMATION: The Bonus will be reported on IRS Form 1099-INT to the primary account holder on the account, in the year received, as required by applicable law. The customer is responsible for any applicable taxes. Consult your tax advisor. All accounts are subject to applicable terms including the Bank of Hope Deposit Account Agreement, fees, and charges. Terms, conditions, and fees for accounts, products, and programs are subject to change. Accounts are subject to approval. Participation and enrollment in a promotional offer do not guarantee eligibility or fulfillment of the promotional offer. Speak to a banker for more details. See Account Product Disclosure (PDF) for more information.
Doesn't say you cannot withdraw so you can but I'd let it sit there for a full day at least.
Jan 30, 2025 09:32 PM
192 Posts
Joined May 2018
OrangeMustang158Jan 30, 2025 09:32 PM
192 Posts
Finished opening the account and it was relatively easy. The digital banking did ask for driver license information, income, etc. I am from California, so not sure if it will or won't work for those out of their banking footprint. The only issue I had was connecting my external account for the initial funding. I had to choose the two small deposit method, but to fund the account right away, I created a Zelle account and sent $25.00 from another account. The one thing that wasn't clear was if I qualified for the Lunar Bonus? I did message them via their website asking if the account that opened qualified. Will update if I hear back from them. Thanks again OP. Great return on investment.
Jan 30, 2025 09:32 PM
1,186 Posts
Joined Mar 2008
lyrebirdJan 30, 2025 09:32 PM
1,186 Posts
applied with umemployed trick and got denied right way.

called in and got picked up right way, and was instructed to reply the deny email with driver license.

after 30 mins, recevied approve message. and went only to setup account. and it becomes one of the worst experience. for initial deposit, tried multiple banks with NO sucess. need to call in tomorrow again.

definitely not easy for $388!
Last edited by lyrebird January 30, 2025 at 04:06 PM.
Jan 30, 2025 09:42 PM
81 Posts
Joined Jan 2024
BIGBALL3RRJan 30, 2025 09:42 PM
81 Posts
One of the worst bank ever. Unless you're Korean or can speak Korean. LOL. Not worth the trouble.
2
Original Poster
Jan 30, 2025 09:58 PM
42 Posts
Joined Nov 2018
notmybusiness
Original Poster
Jan 30, 2025 09:58 PM
42 Posts
Sure, if you can make $388 in 5 minutes...
Jan 30, 2025 10:23 PM
3,156 Posts
Joined Jun 2016
np1050Jan 30, 2025 10:23 PM
3,156 Posts
Quote from anubis57 :
If the account is closed within 6 months from the account opening date, the bonus may be forfeited or deducted at closing.


Sounds great!
Withdraw all your money once bonus posts. Leave a dollar in the account. Set a reminder in your phone to cancel 6 months out. Not terrible. At least there's no minimum balance requirement or fees

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Jan 30, 2025 10:24 PM
8,617 Posts
Joined Mar 2017
hpham_53Jan 30, 2025 10:24 PM
8,617 Posts
Quote from CleverPollution715 :
Do we need to report this to IRS tax? afaik any amount under $600 is not taxable. But If someone getting 2 promotion eg 400 and another 300 from 2 different bank, does it become taxable?
IRS requires a 1099 to be sent for Interest of $10 or more, and Miscellaneous Income of $600 or more. But some banks/CUs will sent 1099 for smaller amounts. Whether a 1099 was sent or not, it's still TAXABLE if you report it. Whether you report it or not is none of my business.

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