I've always resisted opening new bank accounts just to snag bonuses, but I think I'm going to give it a try. I just got mail from a local bank offering me $50 for opening a no minimum, no fee checking account. I figure I've really got nothing to lose by sticking $100 in their bank for however long I'm required to have it there to claim the $50.
I may even do the ING thing for $25. I don't know how many of those offers I've passed up over the years.
Does anyone else do this?
Opening new accounts for cash bonuses
January 31st, 2008 at 02:47 am
January 31st, 2008 at 02:53 am 1201748018
When I first moved here, a local bank was offering $150 for opening an account. However, the catch there was you had to have your paycheck electronically deposited monthly. (but you could then move it out to another account without any charges). I could not do it, as I sub teach. Some months I don't even get called.
January 31st, 2008 at 03:10 am 1201749026
I figured, why not?
January 31st, 2008 at 03:27 am 1201750035
January 31st, 2008 at 01:30 pm 1201786201
January 31st, 2008 at 01:48 pm 1201787296
I made $250 dollars doing that last year including 2 - $25 e trades.
January 31st, 2008 at 02:57 pm 1201791438
January 31st, 2008 at 03:37 pm 1201793840
January 31st, 2008 at 04:20 pm 1201796446
January 31st, 2008 at 04:44 pm 1201797842
I've done it maybe 4 times in the past 5 years or so:
- MMA for Costco members (don't remember but think it was $50 bonus)
- ING $25 opening bonus, back when ING's rates were much better
- Currently doing the Suze Orman / TD Ameritrade "Save Yourself Plan" (will be getting $50 bonus)
- Wachovia --- $75 Visa Check Card
Be sure to read the fine print to make sure there aren't requirements such as automatic deposits.
February 1st, 2008 at 04:45 am 1201841156
Know yourself!