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motty
motty

I converted to basic account with 0 fees. If I keep $0, will the account be closed automatically in 6 months or something?

Tom
Tom

Opened this account back in Feb 24 2020 and received my bonus on June 30 after filing a dispute. I even had them confirm that the signup was correct when I initially opened the account since I did not get any type of confirmation. One of the managers sent me an email confirming all the specifics and that I was indeed signed up for the bonus. I then sent the $35k. When the bonus was due mid June no bonus was posted. I had to submit all the documentation including the scan of the bonus offer in order to receive it.

They finally posted the bonus on June 30. On July 5 I had the funds transferred out. Today when the funds cleared I called to close the account via the telephone. I had to call 4 different branches until one finally answered the telephone. All the other branches had recordings stating that they were temporarily closed due to covid19. There is no early closing fee in FL. I confirmed that when I opened the account and it was not listed anywhere on their documentation.

DP
Opened account in Feb 24
$35K deposit made on Feb 28
After 80-days I reduced the amount to $25K to avoid fees
$10k was moved to the funding account paying higher interest.
Bonus received June 30 after disputing them being late.
All funds cleared out on 7 July with account showing $0 balance, and called on same day to close account.

prs
prs

was there early termination fee $25 ?

Tom
Tom

There is no early termination fee.

AKJOHNNY
AKJOHNNY

$3k push from Ally did NOT work… got charged $30 fee on 5/20 closing my account tomorrow and wait for next offer.

Gadget - Bank Bonus Geek

Plead ignorance and they will likely refund the fee… won’t get you the $600 though.

Madeleine
Madeleine

Warning: It’s extremely difficult to close your account if you don’t have access to a branch for whatever reason. Due to stay-at-home orders, the local branch is closed and there’s no way to close the account otherwise. I tried emailing my designated BBT “banker” and no response for months and phone support dropped my calls. I ended up needing to file a complaint through the CFPB to get the account closed.

Konrad
Konrad

Good to know. Luckily, that is no issue here in PA, since you can downgrade to a fee-free account. But might be annyoing in states without a fee-free option.

miafll
miafll

Successfully downgraded the account thru SM, effective the next day. Moved out the bulk of $35K with a couple hundreds above the minimum bal to avoid fee.
Plan to close the account once the 6 months are up to avoid issue, hoping BBT offers will return in the future and not a once a lifetime type as Discover’s.

rocky_NNC
rocky_NNC

Remember i had to visit the branch to close the account.

miafll
miafll

Rec’d alert this morning, $600 posted to account.
Opened on 2/25 at a branch.
Funded with $35K thru PUSH from AMEX on 3/04.
Bonus posted on 5/26.
From account open it is 90 days. (it said account would be reviewed between 75 to 90 days to determine eligibility of bonus – looks the far end date is the date to use for review)
From funding it is 85 days.

Novacat05
Novacat05

2/10/20 – Account opened with $250 on Chase Freedom, coded as a purchase.
3/6/20 – 2 real DD’s completed totaling just over $3k.
4/24/20 – $15 monthly fee
5/14/20 – $600 bonus posted.
5/16/20 – Downgraded successfully to “back to basics” account after submitting a SM. In NJ this has no monthly fee or min balance required.

This is 2nd bonus with BB&T, they are very slow to post bonuses. Downgraded the account was not expected, but I tried after seeing some successful DPs. Only one $15 fee is great and doesn’t eat into a $600 bonus much.

Second-highest bonus in 2+ years only requiring a little patience.

THANKS DoC!!

ravi
ravi

opened on 2/25
funded 35k
600$ bonus posted 5/20

Kumar
Kumar

Account open : 02/10
DD : Real Employer DD
First Fee : $15(PA state) on 05/06
Bonus posted : 05/15
Send secure message to downgrade and next day downgraded with service fee reversal.