Posted by William Charles on March 5, 2020
Bank Account Bonuses

Published on March 5th, 2020 | by William Charles

239

[Expired] Bank Of The West – $250 Checking Bonus [AZ, CA, CO, ID, IA, KS, MN, MO, NE, NV, NM, ND, OK, OR, SD, UT, WA, WI, WY]

Deal has expired, view more checking account bonuses by clicking here

Update 3/5/20: Deal has been extended until 3/30/20.

Update 1/21/20: Deal is back and valid until 2/28/20. Hat tip to reader Adam

Update 10/16/19: Deal is back and valid until December 6th, 2019. Hat tip to Jx

Update 9/4/19: Deal has been extended until September 13th, 2019

Update 8/6/19: Deal is back, now requires direct deposits totaling $1,000 or more for the first three months. Hat tip to SeanK

Offer at a glance

  • Maximum bonus amount: $250
  • Availability: AZ, CA, CO, ID, IA, KS, MN, MO, NE, NV, NM, ND, OK, OR, SD, UT, WA, WI, WY
  • Direct deposit required: Yes, direct deposits totaling $1,000 or more for the first three months
  • Additional requirements: None
  • Hard/soft pull:  Soft
  • ChexSystems: Yes (inquiry sensitive)
  • Credit card funding: $500 max, Visa/MC only. Recent data points show it coding as a cash advance
  • Monthly fees:  $10, avoidable
  • Early account termination fee: $25, 91 days
  • Household limit: One per mailing address
  • Expiration date: August 2nd, 2019 September 13th, 2019 December 6th, 2019 2/28/20

The Offer

Direct link to offer

  • Bank of the West is offering a bonus of $250 when you open a new any deposit checking account and complete the following requirements:
    • Make direct deposits totaling $1,000 or more for the first three months

 

The Fine Print

  • Open a new personal Any Deposit Checking account with a promotion code either online at bankofthewest.com or in a branch between 06/24/19 – 08/02/19 with any opening deposit amount ($0.01 or more).
  • If the customer or other individuals residing at the same address received or may receive any other consumer checking bonus from the Bank between 01/01/18 – 08/30/20, then no one at that address is eligible.
  •  Limit of one $250 consumer checking bonus per individual and per mailing address.
  • Opening deposit must post to the account by 08/16/19.
  • This offer is also available for any other consumer checking account (minimum $100 to open). UCB Student Checking and Bank of the West Premier Checking accounts are excluded.
  • To receive the $250 bonus, customer must make direct deposits totaling $500 or more, monthly for three consecutive calendar months by 11/29/19.
  • Two or more separate direct deposits in a single month that add up to $500 qualify.
  • A qualifying direct deposit must be payroll, Social Security, pension or other government benefits.
  • Non-qualifying direct deposits include transfers from Bank of the West or Bank of the West affiliate accounts or any credit from Bank of the West, or person-to-person transfers using a mobile payments service such as Zelle, or deposits made at a branch or ATM.
  • Calendar months do not necessarily coincide with statement cycles.
  • Qualifying deposits must be funds new to the Bank. All deposits must be posted by 11/29/19.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

The any deposit checking account has a $10 monthly fee. This is waived if you qualify for one of the following:

  • Choose any deposit method (mobile, ATM, in-branch, or direct) and make a deposit of any amount each statement cycle
  • If any account holder is under 25 years of age

They also charge a $3 paper statement fee, so make sure you have paperless statements set up.

Early Account Termination Fee

There is an early account termination fee of $25 if your account is closed within 91 days of account opening.

Our Verdict

Last bonus they offered was also for $250, but didn’t have a direct deposit requirement. That bonus was a lot better because of that, but if you can easily do a direct deposit then this bonus is still worth considering. If not I’d just wait for the better bonus to come along. I’ll still add this to our best bank bonus page, but it won’t be as high on the list as it normally would be.

Hat tip to reader JUN & Kyle

Useful posts regarding bank bonuses:



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Jason
Jason

i fulfilled all of the deposits as of 20 days ago. still waiting on the $250.

Shirley
Shirley

Just a reminder, the terms of the previous bonus state: “Deposit of $250 or more for each of the first four months following account opening”

If you opened the account in March when the promo started, the 4th deposit after the month you opened the account wouldn’t be made until July, so you have one more deposit to do.

Jason
Jason

oh okay thanks. i did open in march so i guess I have one more month to do. for some reason i thought it included the month of opening.

Shirley
Shirley

Think this is the first time they’ve had this type of direct deposit requirement so don’t know how strict they’ll be on the wording, but why take a chance.

I didn’t open until April so I have two more deposits into August. Report back once you get your bonus to let us know how smoothly that goes.

DaveInAZ
DaveInAZ

i also opened my account in March for the previous promo w/no DD required. You may have overlooked the terms that account must still be open w/a balance as of 9/30/19 and then the bonus will post by 10/31. And remember you need a deposit (any amt, any method) each stment cycle to avoid a fee. Their billpay is pretty good so I just ACH amnt I need to pay my BoA CC and then pay it thru their billpay.

Kira
Kira

I sent them a message inquiring about the bonus because I’ve made all the required direct deposits. They said that they would be verifying all accounts in December and issuing bonuses before by January 31,2020. This seems extremely slow to me, but they seem to get around it by never stating how quickly the bonuses would post to accounts.

Richard Hart
Richard Hart

Did you ever get your bonus??

MoreSun
MoreSun

Chex: not sensitive. Well over 30 hits on my Chex, instant approval a couple months ago.

Ken
Ken

“If the customer or other individuals residing at the same address received or may receive any other consumer checking bonus from the Bank between 12/01/17–12/30/19, then no one at that address is eligible.”

Allen
Allen

I got the offer the last time around and have since closed my account. As far as I know, no one at my address has an account with Bank of the West. Can I open another account with them for the bonus?

Mimi
Mimi

If your acct was opened and/or closed prior to 12/01/2017 I think you are eligible at this time PROVIDED you’re sure no one who lived in your address had an acct with them.

USB
USB

“Offer is not available to existing Bank of the West customers with an open checking account as of 06/23/19.”

“If the customer or other individuals residing at the same address received or may receive any other consumer checking bonus from the Bank between 12/01/17–12/30/19, then no one at that address is eligible.”

Jim
Jim

Key qualifier!

Thanks

JV
JV

Anyone know if this can be applied for out of state but in branch?

AllenW
AllenW

In the application the State is Greyed out for changing. Has anyone tried to get around that and also successfully received bonuses? Outside of applying over the phone or in branch?

IS250
IS250

Did you ever try applying in branch from out of state?

Michael
Michael

My application is under review and should know in 3 to 5 business days. Is that a bad sign?

Michael
Michael

I was just approved today by email and it included information on how to achieve the $250 bonus.

Jeff G
Jeff G

Approved. Last account closed on 11/28/17, so just under the wire. Have many accounts, so not sure how CHEX sensitive they really are.

MoreSun
MoreSun

They definitely aren’t Chex sensitive. 30+ Chex for me lol.

Superchurn
Superchurn

+1

David
David

Account under review. I’ll post back with results.

Anonymous166
Anonymous166

Just applied and currently pending review – will update. Planning on trying serve. Oh, and William Charles the disclosure documents state that the fee is waived for the first two months.

AC
AC

I just had my initial credit card funding of $25 (made on March 20th) reversed. Originally posted as a purchase. Hopefully they aren’t shutting my account down right before the bonus posts.

AC
AC

Actually, I have no idea what this is for. It is a refund from Bank of the West, but my deposit was for $500. Interesting.

Alison
Alison

Same here, $25 refund dated March 22 but only popped up now in my July statement. Originally cc funded $500 back in March.

Veronica
Veronica

Same here, even though my original funding coded as a purchase.

Paul
Paul

I just got this as well. It is a refund of the cash advance fee. They recoded my $500 of funding on a CIP as a payment, not a cash advance.

Karsinogen
Karsinogen

I got this as well, deposit of $500. CSP. It coded as a purchase back in March.

Anonymous166
Anonymous166

Did anyone else have to call in to finish the application or am I the only one? The lady I was speaking to kept cutting in and out and I got weird vibes half-way through.

MoreSun
MoreSun

I haven’t. I’ve opened two accounts here over the last couple years.

H.P.
H.P.

I made an online application in mid- July. The next day got an email from BofTW asking me to call them to provide additional info. I made 4 calls over the next few days, different time of day, but each time their automated line said they were extremely busy and wait time would be up to 2 hrs, then it cut me off. I gave up on them.

Ro
Ro

Anyone opened a new checking account on Foreign passport without SSN. Was able to do it in Chase. Any idea which other banks allow?

HelpyBoi
HelpyBoi

I know Wells Fargo lets you open an account with no SSN.
Hopefully they won’t open any other accounts without letting you know 🙂

BB
BB

So, P1 opened an account in March for the previous bonus. They have not received the bonus yet, so I wonder if I can apply and it will count me eligible since no one at my address has received a bonus in the past 2 years.

Basically, when do you think they determine that eligibility, upon account opening or posting the bonus?

Shirley
Shirley

The terms actually say: “If the customer or other individuals residing at the same address received or may receive any other consumer checking bonus from the Bank between 12/01/17–12/30/19, then no one at that address is eligible”.

Since the previous bonus has until Oct 31, 2019 to payout, I would think that your P1 is still in the “may receive” category.

Happy
Happy

No chance for Out of State applicants. The bonus code automatically applies when you provide a zip code from one of the eligible states, then on the next page zip code and State are greyed out so you cannot change them.

Ro
Ro

The bank app keeps logging me off! cant transfer the money out from the app !!

Anonymous166
Anonymous166

Why not use the website?

Jane
Jane

What’s everybody finding works for DD qualifier? I tried USAA but in “Processing” status it’s showing as CREDIT ELECTRONIC CREDIT USAA CHK-INTRNT TRANSFER, with “type” as Credit. I’ll update if that changes once processing goes through.

Looney Tunes
Looney Tunes

I’ve been using Chase and after the processing it says:

“DIRECTDEP JPMorgan Chase Ext Trnsfr 071219”

Still have to make the 4th required direct deposit next month to meet the requirements to get the bonus, but the fact that it shows DIRECTDEP is encouraging.

Jeff G
Jeff G

I did USAA as well and it shows as: DIRECTDEP USAA CHK-INTRNT TRANSFER

Anonymous166
Anonymous166

Received an email offer from BotW today:

Use Zelle® or Bill Pay for 3 qualifying transactions within 90 days after account opening and get $10.

Offer Period – Online Zelle and Bill Pay offer is only available to customers who open a new consumer checking account between January 1, 2019 and December 31, 2019 and use Zelle or Bill Pay within Bank of the West Online or Mobile Banking. To qualify for this one-time $10 Zelle or Bill Pay bonus, you must enroll in Bank of the West Online Banking and use Zelle or Bill Pay to complete a minimum of three (3) Qualifying Zelle or Bill Payment Transactions from the new consumer checking account within the first 90 days after the new account as opened. Offer is not available to existing Bank of the West customers with an open consumer checking account as of December 31, 2018.

Qualifying Zelle or Bill Pay Payment Transactions – Each Zelle or Bill Payment transaction must be:

• At least $10
• At least one payment sent to each of three unique payees (each with a different mailing address, U.S. mobile phone number, or email address from the Zelle or Bill Pay subscriber) for a minimum total of three (3) Zelle or Bill Pay payments. (Multiple Zelle or Bill Pay payments to the same payee only count as one Qualifying Zelle or Bill Pay Payment Transaction.)
• Scheduled so that each payment is debited from your Bank of the West consumer checking account no later than 90 days after the new account was opened.

Looney Tunes
Looney Tunes

I got that offer in May and they paid the $10 bonus in less than 3 weeks after making the 3rd bill pay so pretty fast pay out.

Andrew
Andrew

Is is really the first 3 months anyone think? Or, as it reads, just 3 consecutive months by 11/29, ex. Aug, Sept, Oct? Just wanting to confirm because if I open today, 7/25 and its the first option, then there is no way to get the bonus if legit DD. Thank you

Looney Tunes
Looney Tunes

Terms say “for three consecutive calendar months by 11/29/19” so any 3 consecutive months between now and 11/29 (July-Sept, Aug-Oct or Sept-Nov will work).

Tanya
Tanya

Got a call today from a Bank of the West employee asking me if everything was going o.k. with this account I opened in April as a “welcome” she said. Anyone else?

Anonymous166
Anonymous166

It’s not unheard of for banks to call back to “check up” on you soon after signing up. Columbia Bank called me twice last week (for personal and biz accounts) AND sent handwritten letters thanking me for signing up. Some people apparently like the “personal touch”. But I wouldn’t worry about it.

Millennial Outrage

Same. They did this last time I signed up for a bonus too. It’s a goodwill call to answer any questions post account creation.

SeanK
SeanK

Bonus got extended to 9/13/19, but now it’s 1,000 or more each month for the first three months.

Jason
Jason

anyone received their bonus yet?

Peter
Peter

Nope still waiting on mine. Opened in March and did $250 Mobile deposit in April, May, June and July.

SeanK
SeanK

$250 each month? I thought the previous offer had to be $500 a month?

EDIT: oh the one before $500 was $250 a month huh? But for 4 months instead of 3

Jason
Jason

still haven’t received mine

Sara
Sara

Have you received it? 60 days from the date of last $250 deposit in July has passed and I still have not received my bonus…wondering if I should contact them

J
J

I just called and they said the payout will be on 12/31.

Michelle
Michelle

Regarding the monthly deposit to avoid the $10 fee: The minimum on-line transfer amount is $10, so it’s not actually a monthly deposit of any method and ANY amount. I signed up for this deal in March, did my $250 per month deposits April/May/June/July, and now I’m just keeping my account open until I can close it (bonus is supposed to be credited end of Oct). Today I set up recurring monthly transfers through Oct in order to avoid the monthly fee. I tried to set it up for $5/month, but got an error message telling me that the minimum transfer amount is $10.

Jason
Jason

did you get your bonus?

Anonymous166
Anonymous166

I just deposit a check every statement through the mobile app. Have used as low as 1.50 check and it waives

john m
john m

They do charge a $3 external transfer fee. I wanted to transfer my DD back to my hometown bank each time they officially get deposited(bills to pay). Would eat into the bonus to much.

Burton

You can make a payment directly to your credit card. They even had (have?) a $10 bonus offer for three payments to different recipients so if you have three cards you could send payments to three now and then each month send $250 more to one of them.

Millennial Outrage

Just initiate the pull from your hometown bank. No fee.

BW
BW

I get declined every time I’ve tried this bank, they don’t want me for some reason.

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