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- Apr 14, 2006
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- 23,058
New Year, new thread.
Not sure if this has been mentioned, but Chase has a deal going where if you're not an existing customer you can start a checking account (with Direct Deposit) and get $200, open a savings account ($15K for 90 days) and get $200, or do both and get $500. I'm not eligible having done the last deal, but I thought I'd pass it on in case anyone is interested.
https://account.chase.com/consumer/banking/QC99622?jp_aid_a=T_63020&jp_aid_p=chasehome_3/hero
^ Yikes!
Q1. Who can open a Roshan Digital account?
A. Non-Resident Pakistanis and resident Pakistanis with wealth declared abroad can open a Roshan Digital account with Standard Chartered.
I think "Location: STL" must mean "streets of Lagos".
plus it is only open to non-resident Pakistanis as I read so of limited use here.
https://av.sc.com/pk/content/docs/pk-faqs-on-nrar-account.pdf
Some confusion on my part on when Ally pays interest on their CDs. I have pay at maturity selected for all my CDs, but it was my understanding that there would also be a payment of accrued interest on Dec 31 of each year.
Turns out that for CDs with periods less than 12 months, there is no Dec 31 payment of accrued interest. So the No Penalty CDs at 11 months pay nothing on Dec 31. Only my two 14 month CDs paid accrued interest on Dec 31.
Reduces my 2020 taxable income. I have several No Penalty CDs maturing in Jan, Feb and March 2021.
We got the $100 in debit card refund early on, right after making a purchase just over $100. DH's pension deposit went to this bank account on Nov 1 and Dec 1 and the $200 promo bonus has just posted on Jan 1, 2021! So we have received $300 of the $400 that we are eligible for.I heard about this Dollar Bank promo offer this morning on the radio. I know it's good in OH, VA and PA.
https://www.dollar.bank/Personal/Workplace-Banking/Offers/Get-$400
The bonuses are paid out in steps, some as debit card rebates, some as checking account credits (hmm, what's the difference?) and then the last $100 at your one year anniversary. Checking account has a $5 monthly fee unless you have $2500 average collected balance or six payments https://www.dollar.bank/Personal/Ban...ation-Schedule
The bonuses are tied to the amount of direct deposits within 90 days.
I feel like somebody at the bank is going out of their way to invent new hoops to jump through! Dollar Bank is local to us and DHs pension direct deposit would get us the bonuses for that requirement. My Social Security deposit is already tied up from a previous bank promo (Key Bank $400) for a few more months.
We may go ahead and do this one. Our cash is sitting at DiscoverBank earning .60% as of this morning. I could park $2500 at Dollar Bank and get something out of it.
I just called Dollar Bank and asked some questions. You are issued a debit card and need to make $100 in purchases and then they refund $100 of that.
There is no credit check when you apply. There are verification questions based on public info.
"Average collected balance" can be satisfied by just leaving $2500 in there which is what I would do.
This promotion can all be done online, you don't have to go into a branch. This offer is for OH, PA and parts of VA in the Virginia
Just thought I'd pass along a recent experience chasing after highest yield on cash accounts for my monthly retirement paycheck. Last July based on a postal mail ad for HYSA and subsequent google search I opened a High Yield Savings Account called "Accelerate Savings" with citiBank. It has been a nightmare and I'm in the slow process of closing the account as we speak. Although my problems with the account may not apply to everyone, you should at least be aware of the limitations they impose on you getting your money back out when you need it. First, there is a $15,000/month limit on transfers to other institutions, and $10,000 per transaction and/or per day. The clock resets each time you make a transfer so it is hard to use up the entire $15,000 every month. I've found it impossible to set a monthly check for $10,000 due to previously staggered withdrawals unless I skip a month all together and start over. When I tried to close the account out today on the phone I was told they can't do it over the phone, I have to use their mobile app or website. AND I can only withdraw $50,000 maximum every 24 hours and each withdrawal carries a $30 fee! They make it not only difficult but expensive to take your own money out and use it. Bottom line, ask lots of questions based on your planned usage before you make a deposit in a HYSA from citiBank. This would be a real shocker if planned for an emergency account and a sizeable amount was needed. Other institutions may charge in a similar fashion but I can't say from experience. I'm moving the money as fast as I can to my Fidelity Brokerage Account and taking the small hit on interest rate. They have no limits on frequency or amounts. Lesson learned the hard way!
I got this email today from Marcus.
Get a $100 Savings Bonus when you deposit $10,000 in new funds to a Marcus Online Savings Account.