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Jake N
Jake N

Looks like they are Chex sensitive. I applied over the weekend and got an auto-denial email:

“We’re sorry to inform you that you do not qualify for the product you requested from Wescom.

Our decision is based on information obtained from ChexSystems, which contains specific information related to your past banking performance. ChexSystems did not make the decision to deny your account opening and is unable to provide you with specific reasons why the decision was made.”

I’m currently at:
L6M – 12 total, 7 checking
L12M – 19 total, 12 checking

G56G
G56G

They check ChexSystems. No hard or soft inquiry to speak of.

calwatch
calwatch

Wescom has a CD deal: https://www.depositaccounts.com/banks/wescom-credit-union/offers/
Get an IRA CD and regular CD and that’s two points. One could get to eight points with the minimum $1000 in checking, a debit card, regular CD and IRA CD, $2500 in their (0.25% APY) money market account, mobile banking, card alerts, and $500 in DD a month. Make the $100 platinum signature bonus and then pull out the $3500 in the low interest accounts and cancel the DD and you are still at five to keep the account open fee free. Also the fine print says you can only go up in signature score in a calendar year, not down.

Zamana
Zamana

“Their no fee checking account has a $8 monthly fee that is waived if you have platinum or platinum signature membership.”

Isn’t this misleading advertisement? It’s a no fee checking account but has a monthly fee.

David
David

Data Point on funding with credit card :
max $250 for savings
max $2500 for checking

actually, weirdly those are the max i can input for each account but the TOTAL must be less than $1300.. very weird.

Ended up doing $200 and $1100.

David
David

Might be a long shot but I can do a referral for $200 bonus. Let me know topikamew@gmail.com

Steve

Which credit cards do they allow for funding? amex?

eclipsor
eclipsor

any idea if this is churnable? got the bonus dec 2017 and closed out a month later

EW
EW

Offer has been extended through 12/31/19

EW
EW

Offer has been extended through 12/31/18
https://www.wescom.org/wescom200/

JC
JC

Was declined via their ChexSystems research. I had opened 10-15 accounts in last 12 months.

eclipsor
eclipsor

just applied at one of their mobile branches for the $200 promo, confirmed no HP and I was able to get the account open with over 25 checking accounts and inquiries so far this year. btw the bill pays its 2 per calender month for any amount apparently. now to figure out what counts as DD

eclipsor
eclipsor

also asked if there’s an ETF and she said no

eclipsor
eclipsor

follow up DP: got my 200 bonus today, local cu transfer counted as DD, and for an easy sig point you can set up a $500 3 month CD with no real penalty to close. unfortunately they’re changing the whole system for 2018 and taking away the easy ones so this bonus will be alot harder to get.