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aqua
aqua

Happy to report that Fidelity worked for DD. Bonus posted about 10 days after account opening.

Tony
Tony

Opened on 5/10 with $1k. Transferred $2k from HMBradley 5/11. $300 bonus paid 5/12. Doesn’t get any easier than that.

windy
windy

why isn’t this on the best state specific checking account list? I don’t see how this is worse than HSBC shenanigan’s. Seems like most people are having an alright time with it.

Joe
Joe

where is the “best state specific checking account list”? That said, there isn’t really anything “best” about this account, it is average or below in terms of overall experience – there are much better online account management features and customer support with other banks. It is ok to signup for as long as there is a signup bonus, and without the bonus there are better options with no balance requirements or fees.

DP719
DP719

Am in footprint and received checking/saving bonuses last year without issue. Signed up for P2 this time:

4/23: Opened with $1k
4/30: ACH $2000 from Ally
5/3: $300 bonus (like others, one business day)

Charles
Charles

14 Apr – Opened online and funded with $1k
30 Apr – $4k push from Ally Checking to waive fees
3 May – $300 bonus post

Originally planned to do this via employer DD but accidentally met the requirements early. Love it.

Mark E
Mark E

4/20: Account Opening
4/27: $2000 Schwab Brokerage push
4/28: $300 Bonus

One of the quickest bonuses I’ve ever done. No trouble.

$5k min balance for the next 90 days is a bit of a drag though.

James Bond
James Bond

Good reminder on the monthly fee. Do you think it possible to downgrade the account to Convenience Checking which only requires a min $500 deposit to waive the monthly fee?

Mo
Mo

I did just that right now via Live Chat. I inquired from the rep if I downgraded from Select to Convenience if I would incur any fees or penalties and she said No as long as I meet the monthly balance/requirements to avoid the service charge. She completed the downgrade in realtime. I will start transferring funds out and keep it open for 90days. Just note to take a screenshot of your chat conversation before it ends, otherwise once the rep ends the chat the conversation is gone.

James Bond
James Bond

Thanks for the DP. Did she also say the bonus will not be clawed back?

Mo
Mo

I did an External Transfer last night leaving $500 in the account; got a message on the site indicating my transfer was under review. I got a call early this morning from the “UMB Fraud Department” indicating my transfer was flagged. The lady asked why I was doing a transfer, if I only joined the bank to get the bonus, if my incoming deposits to get the bonus were P2P and finally if I would be doing anymore transfers. I told her yes to all & I only joined the bank for the bonus and now will like to use my money for other investments. I asked her if I will be penalized, or bonus retracted, and she indicated No and that she will approve my external transfer.
I too am curious if I don’t mail the signed UMB welcome form if my account gets closed in 30days would I get the $30 early closure penalty fee. Has anyone else had success with not sending back the sign form, having their account closed w/o any fee and money in the account returned via a check?

Betelgeuse ㊙️

Mo So you initiated a push from UMB?

Mo
Mo

Betelgeuse, that’s correct. I setup/validated an External Account then initiated a push from UMB to my other bank. I checked just now, the transfer was deducted from UMB and already deposited into my other bank account; pretty fast transfer. I’m still debating if I will let my account auto close in 30days or give in sign/mail the form and leave it open for 90days.

Betelgeuse ㊙️

Mo Thanks! I also downgraded my account but was told may take a statement cycle before it’s effective. I will check with them in a couple of days to see if the account got converted. I will pull the money from my external bank instead.

dave B
dave B

Do Not DOWNGRADE your account to obtain a lower minimum balance, regardless of what a rep says on the phone. EXPECT your original Bonus deal to stay into effect. In Dec. I opened a High Yield Checking account which stated to deposit 5k for 60 days; and within 90 days after the 60 days, your bonus will post. After 60 days I called, & the rep mentioned he would take care of the downgrade, so I withdrew the 5k down to the $1500 minimum. The next bank statement I got hit with a $15 monthly service fee for not having the minimum daily monthly balance of $5k. I had to recalculate a deposit based on keeping the Average Daily Monthly Balance at 5k, which came to about 7k since I was a few days into the next statement, to avoid yet another $15 MMF. Obviously, the account wasn’t downgraded because I was then told by another rep it COULDN’T BE; the original terms have to stay for the duration. Which means the 5k has to stay in the account for 5 months. I just received the $200 bonus last week.

J T
J T

Someone downthread posted about bailing out early with no ETF by not returning the signature form and letting the account auto close. I asked but didn’t get an answer about leaving a zero balance or not while waiting for closure.

Sonno Miao
Sonno Miao

It’s pretty risky they didn’t say if balance is 0 the monthly fee will be waived

J T
J T

The way I read the comment was that without a sig card the account would auto close (end of month/statement?) before a low balance fee was charged, but that sequence of operations needs confirmation. I can’t “be the data point” for this as I opened in branch and the sig card is done and on file. If this works it would only be for accounts opened online.

Sam Y.
Sam Y.

Went to pending review for the Select Checking ($300). Used my previous login to prefill most of the data.

Previous and only UMB bonus was back in Sep, 2020, and closed in Dec 2020.

Sam Y.

Edit: Declined 30min later. Oh well.

Daz
Daz

It was worth trying. My facts are similar to yours and I got $300 bonus yesterday. I’m in their footprint.

Adam
Adam

$300 bonus posted after a 4k push from northern. I did have real DD scheduled but bonus posted before I could hit the 2k dd requirement. I received one legit DD of about $995 before the bonus posted.

Adam
Adam

$300 Bonus posted after pushing 4k from northern bank to umb and direct depositing about $995 in one paycheck from work. Looks like the northern xfer triggered the bonus as I needed to DD 2k or more within 60 days.

Anuj
Anuj

I was approved minutes later I applied. Did the initial funding but not able to register for online banking. Do I need to wait for some time?