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Deborah
Deborah (@guest_812873)
September 21, 2019 18:23

I received paper offer which is similar to this expired one, but with better terms. $600 cash bonus to open a Premier Checking account between 9/7/19 and 11/08/19 with any amount, deposit at least $15,000 the same month and maintain a combined average monthly balance of $25,000 in eligible accounts for three months following the the month of the checking account opening. Monthly service charge of $25 waited for the first two statement cycles on new accounts. Waived thereafter with a $25k average monthly combined balance in eligible accounts. Bonus will be credited by 3/31/20.

I sent Will a photo of the offer.

gary
gary (@guest_274021)
July 8, 2016 09:47

Beware of this bank. They do a hard pull (equifax for me), they are very chex sensitive and will deny if you have a few inquiries. Their service is horrendous, days to get back to you just to tell you its been forwarded. Calling keeps you on hold until you have to leave a message which takes them more than a day to call back.

I opened an investment account with them for the bonus, they are ok but you have to go through the banking group first to get to them which is where the problem is. They denied my checking account (no bonus offer) They didnt say why, but only possible issue would be too many chex inquiries past 3 years. when tried to get clarification, letting them know i already have a relationship with them with an investment over 200k. They refused to provide an answer saying they sent me the response and that all they will do. All their response in writing was it was declined. My 1 year for the investment bonus is up today and I am closing the account. Had 5 issues with them in 1 year, from unable to do online trade becuase their system didn’t work, but they were still insisting i pay the person broker fee(supervisor wouldnt override) to online statements disappearing to no and lond delays to responsed to messages

IOException
IOException (@guest_274080)
July 8, 2016 13:31

I didn’t get a HP. I had 6-7 chex inqs in the past yr and it wasn’t a problem. The one time I had to call CS, I spoke immediately with a rep, but I also know that they are currently expecting high volumes (I had to send an SM about something unrelated, and got a message 1.5 days later answering the question and apologizing for the longer-than-usual response time).

Opening the account was a slight pain as they required me to upload photo ID, but no big deal in the grand scheme of things.

Hadean
Hadean (@guest_273945)
July 8, 2016 01:18

As described by this article in this offer during the third month the $50k can be moved out of the BotW checking account and into an interest bearing account. Assuming the 1% APY that $50k will earn about $41 and a $30 fee will be assessed by BotW.

I think it is worth mentioning the value of avoiding a monthly fee versus earning interest. Earned interest is worth less than its face value because of taxes. Tax rates will vary by individual, but assuming a 33% tax rate, that $41 of interest is really worth $27. Leaving the $50k in for the full 90 days may be just as sensible as taking it out after 60 days. Higher tax rates make avoiding the $30 fee option more attractive.

D Traveler
D Traveler (@guest_273937)
July 8, 2016 00:38

Hi Chuck, the last time these folk had the new account bonus, I am pretty sure that you had the credit pull reported as a Hard pull so I never gave it a second thought, some other negatives have been reported about these folks in the past as well.
They are owned by a big French conglomerate that is struggling to show a profit and will likely be sold off, owner is likely to sell their U.S. asset as reported by American Banker magazine. This is a btw only. Could be a positive.
Watch out for the Hard Pull just in case.
D Traveler