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Gadget - Bank Bonus Geek

DP: BMO Harris opened in-branch in FL paid out (used real DD). VA D/L, no in-state address or affiliation.
Fine print changed and now says “If you open your account online, you must reside in Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri or Wisconsin”. Some previous offers did not specify “online” opening.

TheGreatHambino
TheGreatHambino

What would be the implications of using a family member’s in state address to get your foot in the door when you are OOS? Obviously if they asked for any additional information such as a utility bill the application would be DOA, but many banks instant approve. Would putting a relative’s address come back to bite you by adding additional addresses to Chex and other databases?

William Charles Gadget any input on this? Thanks.

Gadget - Bank Bonus Geek

Very much YMMV. Yes, Chex and maybe EWS are going to show a new address. When the bank notices that the address is new, they will likely ask for a copy of your D/L, and proof of the new address. Also, bank mail is often marked address correction requested, so if the postman notices the name is not someone who lives there, they may send the mail back to the bank. (this raises red flags, and is often on the bank fee schedule as “bad address”) Also, depending on the bank, they might be upset if on day two of the account you are changing your address in online banking.

However, there are some people that manage to have two addresses, like college kids who claim their parents’ state and their new state… people with vacation homes, etc. Some banks do allow a separate mailing address from the residential address. I tried this at one bank and it failed – never tried again because I did not like having that other address listed on my Chex. It fell off after about 6 months.

TheGreatHambino
TheGreatHambino

Gadget Thanks for the info! If a bank ends up closing your account during the initial account opening because of address issues would that potentially turn into a negative item on Chex? Final question… if you have additional addresses on Chex would that ever cause problems for you? Should I care about additional addresses showing up on Chex? Thanks.

Gadget - Bank Bonus Geek

William Charles Add PREMIER BANK to the list. Opened in branch in Ohio on 6/2, and bonus paid out on 7/19. OOS D/L, no local address or affiliation.

Add Fairwinds Credit Union offers out-of-state opening online, but TBD on the bonus.

In-person, BMO Harris, Fifth Third, and Regions allowed in branch OOS opening. Fifth Third & Regions I have faith in, will payout… BMO, TBD.

Gadget - Bank Bonus Geek

Fifth Third paid out, like a day after the DD. Did real DD.

Gadget - Bank Bonus Geek

William Charles Please add to list:

OneWest Bank – opened OOS using VA D/L, in-branch near San Diego CA. Open mid-Nov – bonus paid out 3/19/21.

Fine print online stated for California residents… but, printed disclosure that came with acct stated “residents”.

The only problem might come if someone had received a bonus from their parent bank, CIT. I had not.

Max Pain
Max Pain

I was not able to open an OOS account with Santander. Santander requires you to fund with a debit card that matches the address you used on the application. The application requires a zip code in the selected areas where Santander has banking services.

Gadget - Bank Bonus Geek

In branch or online?

Jim Jones
Jim Jones

Online. Illinois. Sorry this is @Max Pain. I’m logged in under my brothers account.

Gadget - Bank Bonus Geek

Both First Tech Federal Credit Union & Redstone Federal Credit Union allow/approve out-of-state applications online with Financial Fitness Association membership. First Tech will pay the $8 to join the FFA on your behalf.

Both of them currently have $100 referral bonuses to join and open a checking account available at this time.

Tower Federal Credit Union allows/approves out-of-state joining through the TowerCares Foundation ($35 fee). Currently, they have a $100 bonus to open a savings account.

Gadget - Bank Bonus Geek

Nov 2020 – San Diego area – OOS VA license.

OneWest Bank allows signup in branch. (However, in fine print of a promo flyer at the bank, says Checking Bonus offer is for California residents – TBD if it was a waste of time and money. Bonus addendum, also provided at opening, did not state CA residents only)

First Republic Bank said I had to have a D/L from a footprint state. So, you can apply with a NY license while in CA, for example.

Bank of the West had no in-branch promos at the time of my attempt, and said I would need a mailer, or apply online. Which, I could not do, because they reject OOS zip codes online.

Union Bank (CA) said I needed a mailer, and when I found a branch that would try the promo code someone screenshot in Northern CA, the banker said their system showed the promo was not for their area.

I’ve had much higher success rate in FL, PA, and WI on past trips!

Gadget - Bank Bonus Geek

And, even though the Union Bank (CA) banker said he did not submit my application for the checking and just created a “profile” to verify the promo code I provided, I did get a Chex pull.

OneWest Bank pulled Chex as well, same day.

Gadget - Bank Bonus Geek

I was able to get this Chex inquiry removed by disputing it. Stated I was told they did not submit my application.

Gadget - Bank Bonus Geek

OneWest did payout.

Kyle ❤️
Kyle ❤️
Kyle ❤️