Posted by William Charles on October 16, 2019
Bank Account Bonuses

Published on October 16th, 2019 | by William Charles

128

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]

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

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 – 01/30/20, 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.

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.

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