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mothman69
mothman69

I was also denied due to Chex (50+ in last 12 months) and am in-state (~2hrs to closest branch).

Dan
Dan

Got this today, no idea what it means:

Thanks for considering First Bank. Your application has been withdrawn and closed as you requested for the following product:
First Performance Checking
If you have any questions, please call us at 1-800-760-2265 or email clientservice@fbol.com.

Sincerely,
First Bank

I already have online log in and they took my initial transfer. Anyone encountered the same thing?

DP719
DP719

Dan If they wrote, ‘…and closed AS YOU REQUESTED…’ might that have been an error? I would definitely call.

So far, my application had gone smoothly, knock on wood. They actually left me a vm to say my debit card will be ordered soon, after I messaged to enquire if they needed anything else from me.

Justin
Justin

Did anyone see anywhere to add the promo code upon opening?

Justin
Justin

Well I screwed up, never saw where to apply it. Called in any they said it wasn’t applied, but they went ahead and applied it for me, even after I opened my account last Friday.

gc
gc

I don’t recall there was a spot to input the promo code. I might have to call them as well. Completely forgot about it. Thanks for the reminder

DP719
DP719

Started the application from my iPad yesterday but couldn’t see the right hand section where the promotion code should be entered (like in their image). Switched to my computer and it showed. Just waiting for trial deposits now. Not OOS.

Looney Tunes
Looney Tunes

Contacted the bank with questions about the debits, direct deposit and monthly fee prior to opening and got the following response:

“Any type of debit card purchase will count towards the 15 debits needed – it can be PIN based or signature based. Any deposit that is processed as an ACH is needed to qualify for the bonus. Once the account is open, the card will be ordered and you should receive within 3 business days. The monthly maintenance fee would not be waived for the first month”.

zeer0
zeer0

Went through the application from CA. Minimum deposit of $100. External bank account needs to be verified before the account opening can be finalized (1-2 business days)

Davis
Davis

zeer0 is your account set up?

zeer0
zeer0

Davis I have not heard from them yet, how about you?

zeer0
zeer0

Davis got an email today that let me create online account access and finalize the opening.

Jillian
Jillian

Whoa! Came for the free hundred bucks – stayed for that very last sentence of the verdict! 3% on up to $25k… sign me up!

Jun
Jun

requires direct deposit + 15 transactions per MONTH

mothman69
mothman69

A low DD requirement and 15x debit card transactions each month is easily worth the 3%, especially up to $25k.

Jillian
Jillian

Easy Peasy!
ACH $250 a month (or set up actual direct deposit which I might go ahead and do!)
Amazon reloads for a total of $8.55 (0.50, 0.51, … to 0.64) plus free 2% additional on the amazon debit reloads, so coming out ahead by 15cents each month on top of the 3% APY on the checking account!

Shirley
Shirley

Jillian Since there are no data points on this bank that I could find, you’re assuming that an ACH and Amazon reloads will work but we won’t know until someone reports back- Or do you know something the rest of us don’t?.

Also, what free 2% are you referring to on the Amazon debit reloads?

Jillian
Jillian

You’re correct that I’m assuming they will work, but assuming they do then it’s a great and easy deal… my point was that it’s absolutely worth trying out. And like I said I’d be happy to go through switching over my real DD if ACH doesn’t work. I will happily be the guinea pig on this one and report back.

Amazon offers 2% bonus on all reloads from debit cards. It pays out at least 1 penny if you do the minimum 50cent load. I like to do 50cents, then 51cents, etc so that I can easily see if I missed one, but you can also just load 50cents 15 times and you’ll net 15cents bonus.
My other credit union has a similar requirement (12 debit transactions per month) to earn the higher APY each month, so every month nets me 12 cents.

Shirley
Shirley

I hope they count also.

Never realized that with Amazon but I’m not a Prime member, thanks for the info.

JILLIAN
JILLIAN

Ah, yeah I don’t know if it is Prime-specific. I do have Prime.
Try adding a debit card to your account and then go to the Giftcard Reloads page and for me at least it just pops up when I select the debit card as the funding source.

Shirley
Shirley

It is for Prime members only. I’m trying Prime free for 30 days so will see if I can get a few cents out of them.

john m
john m

Denied. Chex Systems. Haven’t been denied that much. But they’re a picky bunch,I guess. They’re even walking distance from me-so much for “your local bank”.

Davis
Davis

Do you know your stats? It my be worth trying in branch

James
James

Any luck OOS?

mothman69
mothman69

William Charles From the checking account disclosures PDF in the application: early closure fee of $25 when closed within 180 days of account opening.

Also be sure to enable eStatements as paper statements are not free.

basher
basher

“Bonus $100 offer expires 45 days after the interest rate effective date shown above. ” The interest rate effective date shown above is 4/3. So offer expires around 5/18.

Chris
Chris

As of today, “the interest rate effective date shown above” is 4/8, so the latest expiration date is 5/23…