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Tornado T
Tornado T

the offer pages shows page not found 404 error

Chilibog
Chilibog

Was approved and called the next business day saying they’d be closing my account. They will send me a letter with my Chex report and I will update. I’ve probably opened 10 accounts in the last year.

Derek
Derek

This should be moved to the “Highly Specific region” category at the bottom. I was rejected today with an Arizona address. They really only have branches in the Phoenix metro area. Other people have saids its limited in California to Palm Springs area too.

SKL
SKL

expand to la/oc area pls

Jack
Jack

Yes please

WhatWeTacoBoutWhenWeTacoBoutLove
WhatWeTacoBoutWhenWeTacoBoutLove

A little known tax trick for CO students with sufficient income using FirstBank. NB: I’M NOT YOUR TAX ADVISER OR ATTORNEY.

1. Open a CO 529 plan with FirstBank, money market account option. The FirstBank MM option is the only option in CO liquid enough to make this work, do not use a brokerage or CD account.

2. Look up your college financial aid office’s annual estimated room and board cost for a student with your status; for me it’s ~$15k. With supporting receipts, you can count up to that much as a qualified expense for 529 withdrawal purposes. You can additionally add any (necessary for your degree) computer expenses to this value. Tuition and some other expenses are also qualified for this purpose, but do not use them for this deduction since they can be used for more valuable federal tax credits and deductions. For more details, see IRS Pub 970.

3. Contribute the total amount from step 2 to your 529 plan (external ACH push/pull is easiest).

4. Debit that amount from the plan. If you don’t have the funds for step 3, you can either push/pull multiple times or play games with low rate credit card offers.

5. You can deduct the contribution from your CO income. Since the expenses are qualified, you do not owe recapture tax on them. The only federal benefit for 529 plans is that you do not owe tax on interest earned, but you aren’t trying to use the account to earn interest, so it doesn’t matter.

6. At a flat state tax rate of 4.55%, this trick is worth ~$680/year on incomes greater ~$27,000 (single filer standard deduction + $15k or so depending on your financial aid office).

Fred B
Fred B

Talk about Chex sensitive, I applied in CO and they turned me down for chex with 6 apps in last 12 months. I wouldn’t waste your time if you’ve applied for a high number of accounts recently.

Lopeza101
Lopeza101
Someone
Someone

AZ. Applied online, then the application result says need to go to branch for final decision. I went to branch and was told it’s pending because I have freeze on TU report, they need to pull my credit to approve it. Decide not do it.

HH
HH

Is offer link dead? There is a $300 Bloom package bonus which require both checking and saving.

Scott
Scott

Applied 3/16/22, declined due to ChexSystems report (10 inquires in last 12 months).