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Hoops
Hoops

The $200 bonus for Advantage checking is available through 12/31/21 with promo BESTCHECKING

mothman69

Hoops Do you have a link to the promotion?

Hoops
Hoops
mothman69

DP: The promo code is automatically applied in the application and it allows up to $200 in CC funding.

MikeyBee
MikeyBee

Unbefrickinlievable! Has anyone else seen such ludicrous requirements to close an account?

“Thank you for contacting Customer Care. Your account is still open with a $0.00 balance. To close your account, you would need to contact your local branch. The banking center will need your signature to close the account. If you are not near a banking center, you would need to send a notarized letter in the mail to the banking center with your name, a copy of your drivers license or picture ID as well as instructions to close the account and where to send the money in the account. However, there is a 30-dollar fee for closing your account by mail instead of in person (you will need to contact the Darien branch at 630.203.1653 to see if they will waive this fee or not). If you have any automatic payments that come out of your account, you will want to contact the companies to have them stop those payments from your account. We are unable to stop charges that you authorized to your account.”

It gets better; I thought they should know the unpleasant experience I had trying to use the hotel discount bonus they offered. Their reply:

“Thank you for providing the information about the Hotel Loyalty Rewards program. That is not a promotion that we are offering and would be best to notify the provider for the rewards program about the difference. If you need further assistance, please reply to this message, or call Customer Care at 1-800-205-3464.”

MikeyBee
MikeyBee

Can’t complain about timeliness: My direct deposit posted yesterday, and my $100 bonus posted today. Oo Ha!

Roy
Roy

Closing a zero balance account was more difficult than expected. I’m not within driving distance of a branch. Called Plymouth branch, was told they can’t close via phone and I should call customer service line 800-205-3464. Customer service said if can’t get to a branch must close by sending in a letter and if signature matches close will happen, but if no wet signature on file (true for all accounts opened online) then get the letter notarized.

Some of you have been able to close via phone. I’ll bet a branch manager can do it if he/she wants to.

Those of you that closed by phone – what branch did you call that worked for you?

emma
emma

This is definitely only worth it if it’s the $400 reward. I wouldn’t deal with this bank for any less. Maybe the next round, in the fall, will be back to the full bonus.

CK9
CK9

Waiting for $200 bonus for Advantage Checking account (currently only $100 … not worth doing !!)

AllenW
AllenW

It’s def not worth the Chex hit, if you’re denied.

Anyone successful account openings, specifically those who closed from the promo last year?

Superchurn
Superchurn

Doesn’t seem worth it for the reduced $200 bonus…have to either suck up the $$50 ETF, thereby reducing bonus to $150, and that’s after having the account open long enough to even get the bonus in the first place, thereby spending at least another $40 in monthly fees or having to lock up $15,000 for at least 2 months…so down to $110 or$126 after deducting the $24 opportunity cost at 1% in lost interest on $15k

plus, the hassle of either setting up real DD or faking it with transfers AND doing 15 transactions…for between $110 or $126.

gonna give this one a pass

Dheeraj
Dheeraj

William Charles Chuck Astra Finance pushes counted as a Direct Deposit for the 1% interest rate on Kearny Bank. Therefore, I would assume Astra Finance pushes count as a direct deposit for every local bank serviced by Fiserv.

AllenW
AllenW

All, I received a 1099-MISC for $500 and $400 for P2. I thought 1099-MISC was only to be sent for over $600? Do you think this is a Bank Error and they ment it to be 1099-INT? I figured I would ask you all first.. I think this is the first time i had seen a 1099-MISC from a bank. Not sure I did so many last year I don’t recall. mothman69 raekwon

Jatan
Jatan

USPS shows I should get mine today/tomorrow — mailman not here yet.

Banks can send 1099 forms for any amount ($0.01 if they wanted to) — most banks mark bonuses as interest but some might mark it as misc income. They’re required by law to send it if 1099-INT is min $10 or 1099-MISC is min $600 — for lower amounts its up to them.

Got 1099-MISC for $100 bonus from First Financial Bank

mothman69

@AllenW I received my 1099-MISC today as well. It doesn’t matter if it’s a 1099-INT or 1099-MISC, you treat them the same for tax purposes. It’s up to the bank how they categorize the bonus and which form they want to use.

raekwon
raekwon

As other have noted, this one paid out much more quickly than First Merchants has in the past.

11/23/20: Opened
12/16/20: $500+ ACH push from Astra Finance
01/04/21: 15x debit card transactions completed
01/07/21: $400 bonus posted

Calling to downgrade the account tomorrow to (hopefully) avoid the monthly fee.