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Bill
Bill (@guest_1692593)
September 13, 2023 12:10

They’re changing their systems (the letter says “a better banking experience for you”, yeah right) and as of 10/10/23, you will need to keep a $99 balance to avoid a $15 monthly charge. I just got my 12th $20 credit this month, so I guess it’s time to close the account.

Not clear if the Rewards account will remain available for new customers, since it seems like they’re changing most of their checking accounts to a single product. The letter does not say anything about rewards other than that you will get a 1099-B.

Eric
Eric (@guest_1692683)
September 13, 2023 13:25

Bill,

What were your Chex stats before you applied?

Bill
Bill (@guest_1692688)
September 13, 2023 13:29

Sorry, I do not pay attention to Chex since I don’t open that many accounts. And I opened the account online.

MisterBill
MisterBill (@guest_1462744)
October 11, 2022 16:42

Was having trouble connecting to Quicken, so I contacted them via secure messaging. Finally had to call and ot some woman who told me that I needed to manually download transactions. Was not happy, but I tried it, and Quicken then asked if I wanted to set up automatic downloads. Turns out that their Quicken name is “Valley – OnlineBanking”, even though Valley National Bank is also listed. They really are incompetent.

M

Bill
Bill (@guest_1453022)
September 26, 2022 17:15

So, in light of the post below saying that people had the bonus clawed back when they did bank transfers instead of true direct deposit, have people been successful getting the $20/mo this time with something other than a true DD?

MisterBill
MisterBill (@guest_1458345)
October 4, 2022 16:27

Update — I did an ACH from Fidelity and got my first $20. Will have to set up a recurring transfer for the same amount (I did not do exactly $750).

Eric
Eric (@guest_1648357)
July 6, 2023 14:44

Have you been using Fidelity for the DD each month and if so, have you been receiving the $20 monthly reward?

Bill
Bill (@guest_1648593)
July 6, 2023 21:23

Yes and yes. Have recurring transfers set up in and out.

Eric
Eric (@guest_1648935)
July 7, 2023 12:01

Are you same person as MisterBill?

MisterBill
MisterBill (@guest_1649093)
July 7, 2023 15:12

Yes, sorry. Was replying from my phone while out of town and obviously did not have the posting info saved in cookies here. I was wondering why my reply went into moderation. Apparently I also mistyped my email address.

Are you doing Fidelity and not getting the $20, or did you not try it?

Eric
Eric (@guest_1649721)
July 8, 2023 17:47

I haven’t applied yet. I applied a couple of years ago and got rejected for Chex. Do you happen to have your Chex stats for when you were approved? Did you apply online or in-branch?

Eric
Eric (@guest_1649723)
July 8, 2023 17:48

Also, do you use Fidelity brokerage or CMA?

Eric
Eric (@guest_1657857)
July 21, 2023 16:12

MisterBill,

I just wanted to make sure that you didn’t miss my 2 replies to you on 7.8.23.

Bill
Bill (@guest_1657881)
July 21, 2023 17:09

I use my brokerage account, but I think it’s irrelevant since the transfer looks the same from both.

Eric
Eric (@guest_1658221)
July 22, 2023 13:40

Bill,

Thank you for answering that question but these are the questions I was more interested in seeing your responses.

“Do you happen to have your Chex stats for when you were approved? Did you apply online or in-branch?”

gordda40
gordda40 (@guest_1753237)
December 7, 2023 08:06

Just signed up to this one as I also have one of their high yield savings account. Just did my first transfer in from Fidelity and waiting to see if it still works. How long was it between time of the “direct deposit” and when you would get the $20.00? It just says it will be within 35 days, but what was your experience?

Christopher Robin
Christopher Robin (@guest_1753274)
December 7, 2023 09:14

gordda40 Over this year, the $20 would typically post between the 2nd and 5th of each month. However, they recently switched over to a new system and I needed to bring the missing $20 for November to their attention and they manually credited it. I haven’t yet received for December (met requirements during November).

gordda40
gordda40 (@guest_1753375)
December 7, 2023 11:41

Thanks! I will have to see what I get in January. Were you using real DD or Fidelity or something else?

Christopher Robin
Christopher Robin (@guest_1753587)
December 7, 2023 15:50

Real DD

Gadget - Bank Bonus Geek
Gadget - Bank Bonus Geek (@guest_1381685)
May 16, 2022 13:44

P2, about 2x Chex hits per month…. Denied. In listed state (VA), but OOF.

“Thank you for your recent application. We’re sorry, but at this time we are unable to open the checking account you applied for. Our decision was based on information we received from the consumer reporting agency listed below.

Credit reporting agency details

Chex Systems, Inc., Attn: Consumer Relations
7805 Hudson Road, Suite 100
Woodbury, MN 55125”

Christopher Robin
Christopher Robin (@guest_1381702)
May 16, 2022 14:10

I was denied in January of this year due to Chex even though I am within footprint (in FL).

I plan to try in branch.

Gadget

Gadget - Bank Bonus Geek
Gadget - Bank Bonus Geek (@guest_1381708)
May 16, 2022 14:19

Yeah, I am not sure why they even list VA as a footprint state… when the nearest branch is in NJ. Anyway, good luck with that. I can’t say I have seen a difference in approval standards in-branch vs online with other banks, you just bypass identity issues.

Bertrand
Bertrand (@guest_1381740)
May 16, 2022 15:06

I was approved in-branch back in 2019 with a pretty full Chex report.

Eric
Eric (@guest_1648348)
July 6, 2023 14:36

What did you use for the DD?

Eric
Eric (@guest_1648347)
July 6, 2023 14:35

Did you end up applying in-branch? If so, were you approved?

Christopher Robin
Christopher Robin (@guest_1692697)
September 13, 2023 13:32

Eric Sorry, I didn’t see this until random chance just now. Yes, I was approved. I didn’t record what my Chex stats were at the time but I was denied several times online before opening in branch.

Eric
Eric (@guest_1692704)
September 13, 2023 13:39

Christopher Robin,

You seem to apply to a lot of accounts like I do so I might be better off trying in-branch. Are you using Fidelity as your DD like Bill or something else?

Christopher Robin
Christopher Robin (@guest_1692757)
September 13, 2023 14:26

Eric Yes, I tend to average at least 2 Chex hits per month. I am using a real DD.

Eric
Eric (@guest_1693862)
September 14, 2023 14:51

Bill,

Fidelity is still working fine for you, correct?

Gadget - Bank Bonus Geek 🔗
Gadget - Bank Bonus Geek 🔗 (@guest_1640568)
June 23, 2023 16:50

P2 got a letter today with the adverse action, LOL, over a year later…

I think they just added the below additional info.

Chex Score 655

Key factors:
– Asset ownership history
– Recent unique FI DDA inquiry history
– Non-derogatory public record history
– Property ownership history

Brian C 🐕
Brian C 🐕 (@guest_833891)
November 1, 2019 13:21

DP:
P2 applied, clean chex, only 1 entry from 2017. DECLINED.

Patrick
Patrick (@guest_825054)
October 14, 2019 14:59

Is the bonus churnable?

YK3
YK3 (@guest_707077)
January 16, 2019 11:50

Folks that were denied for Chex- how many accounts do you have in the past 12mo? I’m at 8 and wondering if I should bother with this.

JL
JL (@guest_705904)
January 14, 2019 16:17

US Citizen or US Permanent Resident only

Duke I.
Duke I. (@guest_705845)
January 14, 2019 14:14

I don’t get approved for checking deals anymore. Years 2014- 2017 was great. Now all of sudden I get messages about identity can’t be verified. If Chase deny me later this year it will be the straw that break the camel’s back. I’ll just stop doing checking deals.

Sam
Sam (@guest_705812)
January 14, 2019 13:19

Anything that count as DD? Like paypal or ?