I want to start answering more reader questions, it’s something that we used to do a lot of but haven’t done as much of recently. If you have a question that you can find the answer to (and please search on this site and google first) then please ask in the comments below. If the question/answer is quite simple or we’ve already answered it before, we’ll simply reply in the comments. If it’s slightly more complex, or something that lots of people want the answer to then we’ll do a dedicated post answering it.
I also encourage other readers to answer questions they know the answer to, this gives us more time to focus and research the answers that are a bit more challenging. If you have a question that you want to be slightly more discreet about, you can also contact us instead and we’ll answer by e-mail.
So, get asking questions below!
Working on the $900 Chase Checking/Savings Bonus. https://www.doctorofcredit.com/targeted-chase-900-checking-savings-bonus/
2/9 direct deposit $2600 posted to checking
2/13 $300 checking bonus deposited
For the $15,000 in “new money” that needs to be deposited to the savings account, does anyone know if the $2600 direct deposit from 2/9 counts as new money if transferred from the checking to savings account?
For bank account churning, I hear that it’s recommended to leave the account open for 6 months to avoid fees if any. Will leaving my account open for more than a year instead of ex. 6 months help my ChexSystems score?
How do I sign up for the rss feed. Is there a page that gives instructions? I have an iphone.
Using Feedly, I believe I just input ‘doctorofcredit.com’ and it came up to add to my Feedly
Thank you, great instructions.
I was thinking to check my ChexSystem record, and it seems their website had two reports that can be requested every 12 months, consumer disclosure report and consumer score report, which one is the right one to request and look at? Also, is there any way to check ChexSystem score more often than once every 12 months?
How long would you recommend keeping a checking or savings account open after receiving the bonus? Would closing too soon affect ChexSystems or EWS? And how about credit cards, does closing a credit card affect credit score? I accumulated a few accounts and cards and it begins to feel hard to keep track of them, I am thinking to close some but do not want to risk hurting my ChexSystems score and credit score…
can you explain why you should wait until the end of the time period to FUND the actual account? for example citi bonus gives you 20 days to fund it. why would you not want to fund it immediately?
thank you!
My question is about bank bonus promotions, and how to space out when you open them? I am finding it hard to find a better earning rate than what these promotions offer, however after opening four in about a week I am now getting turned down with application for any account saving or checking. I assume it is to many at a time, do you have any tips on how many can be opened and at what time rate? I hate being told no!! Thank you for all your tips.
Brandy Robnett
The only suggestion I can offer is when you see you are getting denied, then you will have to apply to the banks that are not Chex sensitive, otherwise you will be denied.
Hi Will I’m glad I found your another article here. I do have a general question about direct deposit – if I need to “dd” 1k from my Cap1 savings into my newly opened PNC VW Checking Pro (for the most recent $200 opening account bonus), do I must link the PNC within my Cap1 account beforehand (ie. by Cap1 sending two small trials to PNC), or not?
The reason I‘m asking is because today I received a PNC alert email, saying “ Confirm Activity On Your Account — On 11/03/20, CAPITAL ONE N. credited one or more small deposits to your account ending in 1234. These deposits typically occur when you attempt to link your PNC Bank account to an external account for money transfer purposes.“
I mean, it seem by linking them together, PNC already figured out my dd purpose. So I’m worried if I later do a “dd” (push 1k from the Cap1), it wouldn’t be counted as a dd.
However, If I don’t link these two accounts at all, what should I do for a successful self generated dd? Thanks so much in advance! 🙏
William Charles
It should still work fine
How many bank accounts are safe to open within a months time? I’m new to account churning and I’ve already opened 4 new accounts in May 2020, and have just been denied for a new one with U.S. Bank. I’m wondering how often is generally safe to open new accounts, and since I was declined, when would be a good time to consider applying for a new one? Should I wait until I receive my current bonuses and close a couple accounts? Or perhaps is it just a matter of waiting a few weeks in between? I’d love to get the U.S. Bank offer, but it closes at the end of June. I just don’t want to miss any of these great sign up deals. Any input would be very helpful! Thanks a lot!
Do you know where Doc posts which banks use the Chex system? Given that I was declined for US Bank, would it hurt me in any way to re-apply in a few weeks as you mentioned? Are there data points to suggest that banks who do use the Chex system would still be okay with new account openings a few weeks later? I just don’t want to continuously be declined for these accounts. I have never had any prior issues with a bank, so I’m sure the reason for the denial was the 4 recent account openings. Also, opening in branch is not an option as I am in NY and they are not located here.
At the top of the page on DoC: Bank Accounts->Reference Pages, then search for chex.
You can find it here: https://www.doctorofcredit.com/banks-credit-unions-dodont-pull-chexsystems/#US_Bank You might want to read all the posts for the US Bank offer to see if others are being declined, or if others have success after being denied and reapplying in a few weeks. When I start to be declined, then I only apply for bonuses at banks that are not chex sensitive.
i just signed up for chase saph preferred, since chase has level 3 data, is it safe to ms w/ prepaid debit cards?
a ramp up like 500 -> 1k -> 1k -> 1.5k maybe
i have a number of other chase cards/bank account bonuses waiting to post still and don’t want to risk closure