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Ethan
Ethan

Citi DC (Mastercard) $1200 posted as a purchase for account funding

Radar
Radar

Beware. This bank will freeze your account and disable access to your account AFTER your DD and initial funding hits.

You will have to resort to CFPB to get your hard earned money out.

Avoid this bank at all costs.

CK9
CK9

Why? What happened? Got the bonus without any problem in 2021.

Chris

DP: May 1 – $399 Funding CC
May 10 – $9,999 Xfer deposit
June 1 – Legit DD $600, Aug 1, Legit DD –
So I had a little over $11K for all of June and July and 2/3 of May, but got just $400 From them on August 11th. Trying to close out but they have a 12 month take the bonus back clause.

lei wei
lei wei

DON’T use credit card to fund the account. I was charged the Cash Advance fee. I used my Chase visa card.

Bertrand

Not all CC funding codes as cash advance, as the dozens of DPs in this thread show. In general, it seems that Visa cards code as cash advance but Mastercard codes as purchase.

Andy
Andy

I used my BoA Premium Rewards Visa for $1200 and they charged it as a purchase. Did you go inside to open up an account OR did you do it online? I did online and it was classified as an online, financial institution merchandise and services purchase. Wonder if that’s the key, doing the account opening online.

David
David

Would like to open an account and fund with a CC. Have dug through many of the comments and know which cards NOT to use if I dont want to pay a CA fee.
I am considering trying my Capital One Savor MC, Barclay Arrival+, or my Barclay Aviator.
Any DPs on these?

bosox
bosox

I am not due to receive the bonus for another couple months, but here are some data points on how various deposits I attempted were labeled by Associated Bank:

Push from Discover: Payments & Transfers
Push from Wise: Deposits
Push from Amex Biz checking: Deposits
Push from Treasury Direct: Taxes & Authorities
Push from Chase checking: Savings & Investments
Push from Chase ACH Payment Service($2.50 fee): Paycheck, Pensions & Annuity

Also, in the app, in the “Money Monitor/Insights” section, I see:
-my push from Treasury Direct shows “Government Deposit”
-my push using Chases ACH Payment Service($2.50 fee) shows: “You got paid! Your paycheck has been deposited.”

SSssss
SSssss

I opened account on 07/25, deposit $10000 on 08/25. I might missed a day since July has 31 days. Is it fine if I deposit like $1000 more, to reach $10000+ average daily balance?? There’s no term that ask you have to maintain 10000 every each day for days 31-90 right? Anyone help?

mothman69

SSssss Correct, it’s the average daily balance for days 31-90 so just do the math and see how much extra you need. I’m sure an extra $1k will be plenty.

RCD
RCD

Applied from Cincinnati, was denied. Said they couldn’t confirm identity and to go to branch to open.

Matt
Matt

Hey live in Cincinnati, so maybe they just don’t like us.

Matt
Matt

So I finally heard back from them about my account which was under review for 5 weeks now. They sent me a letter in an envelope where my address was hand written! The letter said, “your account was closed due to suspicious activity.” I’d love to know what that activity was. It went on to say, “we may choose not to open any accounts for you in the future.” Don’t worry, I won’t be opening any account with you ever again! They sent me a check with what was in my account, but unfortunately I had set up another direct deposit that hit after they mailed this out. I assume they’ll send me another check because as far as I know it went through.

Sam F.
Sam F.

If the account is closed, the DD will fail and get returned to the payer. I had this happen before and my employer mailed me a check for the “bounced” DD.

Matt
Matt

I’ve had this happen before and the DD went through on a closed account and the bank sent me the check. I does seem weird though. I will call to make sure though.

Gadget - Bank Bonus Geek 🔗

I wouldn’t “assume” that they are mailing a check. Banks make mistakes and things fall through the cracks. It happens in any business. I would be the squeaky wheel. You may need to get the traceroute number from your employer/bank that sent the last direct deposit.

Terry
Terry

I agree with Sam F. If your account is closed, the direct depost from your employer will be rejected by the bank and your employer will mail you a check.

Sue
Sue

Applied online and approved 8/12. Chex inquiry same day. I don’t know about EWS. Did not check EWS. Cant say this bank is chex sensitive or not but I guess not sensitive? My chex is 3/1 before Assoc. (2 inquiries from the same bank-currently disputing), 4/3, 8/6