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EB
EB

This has been extended to April 30

fST
fST

Just received this bonus today after inquiring about it. I believe I should’ve received the bonus earlier because they responded with: “there was a system error regarding E-Statements. Now that the error has been corrected we have credited the bonus to your account.”.

Opened 11/4
DD $250 11/13
DD $250 11/23
DD $500 12/7
DD $500 12/21
DD $500 1/4
DD $500 2/7
DD $500 2/21
DD $500 3/7
Bonus 3/26 after sending SM

JZ
JZ

Reveived $300 today with legit DD.

loardnikon
loardnikon

Same! All with legit DDs. I’m not sure if this was “for at least 4 months” because the March payroll hasn’t hit it yet. I just set it up as part of my biweekly payroll, so for what it’s worth:

Opened 11/19
DD $500 12/31
DD $500 1/14
DD $500 1/28
DD $500 2/8
DD $500 2/25
Bonus $300 posted 3/5/19

L
L

I received the $300 bonus! I used Chase checking and Alliant CU for my monthly deposits in Dec, Jan, and Feb.

Thanks again, William Charles

IS250
IS250

Do you remember exact date you opened account? Mine was 11/7 and still no bonus even with legit DD’s.

L
L

It was a few days before expiration. What is your statement date?

IS250
IS250

It’s every 5th for me

L
L

Me too. Were each of your deposits $500 or more each month?

IS250
IS250

Yup. Legit employer DD’s too. Terms state within 125 days of opening so I’ll wait a bit before I contact them.

Gadget
Gadget

William Charles Gibunono IS250 Lily Ol Me fST or, anyone else that cares or on the fence about trying for a Sandy Spring account.

My official opinion is one Chex inquiry per month is alright with Sandy Spring, but if your doing more than 1 per month, you’re probably out. (Keep in mind, if you do PNC, BofA, Chase, HSBC, or a few of the other giant banks, those do not incur a Chex inquiry – they do EWS)

This is exactly what Lily Ol Me said with 3/90 days is the limit, as my S.O. had exactly 3 other Chex inquiries in the last 3 months when she got approved. I had 5/90 days, and denied. I am not counting Sandy Spring inquiry, as I assume when they pull it, it wouldn’t be there or ignore it. I would say this is highly credible information – 3 other banks in the last 90 days is OK, but no more.

Going back further, not counting the Sandy Spring inquiry, S.O. was APPROVED at 6 inq. in prior 6 mo. (6/6), and 12/12 in 10/2018. I was not approved at 5/90d, 15/6, and 27/12, in 11/2018. In 11/2016, I was not approved at 7/90d, 13/6, 15/12. (Only +2 at 12 because early 2016 is when I started pushing bank bonus mining hard)

There is also such a thing as a score for Chex, must be requested separately, and when I pulled it before it was not very pretty. But the denial letter makes no reference to score, so I would guess they just are eyeballing inquiries.

Although 1 new account a month is a lot to the average person, it still makes them inquiry sensitive, because most banks ignore any number of non-derogatory Chex entries. (thank goodness)

I have several duplicated inquires I will probably to dispute to get removed off Chex, but I still would be well over one a month. Sounds like I need a 3 month hiatus to get in. I hope this saves someone from the trouble, unless your Jonesing for $250 in credit card funding that takes 3 weeks to get your money back.

IS250
IS250

This may have been what happened to me as well but they spun it saying they couldn’t verify my identity/address (moved recently to VA). My account was locked with a blaring negative balance a couple days after opening online successfully. I had opened 5 accounts in the past 3 months at this point. Went to a branch next to me with docs to prove my identity, new address, etc. Banker made a few calls and what not and account was good to go by the next morning. But everything needed to be redone such as reordering a debit card and resubmitting Ach information from my external bank (trial deposits were reversed). So my account was probably closed only to be be reopened because of a manual phone call. But there no mention of Chex to me so I can’t confirm if this was the real reason behind everything.

Gadget
Gadget

Sounds like yours was more of a identity issue, especially since you recently moved. When you say you opened five accounts, are you counting Sandy Spring? That would bring you down to four if you are. And if you opened a EWS bank account, it would not count towards the three. The magic number.

Or, they just overrode the chex are because of the identity error? Very possible. Especially since you showed your face in a branch.

Some sending banks are very sensitive to reversed ACH trial deposits. I always wait a while before setting those up on new accounts that I’m unsure will stay open.

IS250
IS250

5 not including Sandy Spring (4 being chex only, 1 being chex/ews). But yeah I have no way to know but now I suspect the real reason was Chex coupled with secondary ID verification issue. I also will add I did not use CC funding if that somehow plays a part in all of this.

And this was my first time having trial deposits reversed so now I know to be safe and wait at least one week+.

Gadget
Gadget

https://www.doctorofcredit.com/banks-credit-unions-dodont-pull-early-warning-services/

A few of these banks pull both EWS and Chex… Fifth Third, Ally, etc. So they would count toward the magic 3 number of Chex inquires.

fST
fST

Gadget, good detailed info. Based on my history leading up to Sandy Spring opening on 11/4, it seems there’s a chance I was over 3/90 though. I opened Fulton checking 8/3, People’s Bank 8/5, Arundel Federal 8/6, Fulton savings 10/2 (not sure if separate Chex but I think it would be), M&T 10/16, Wells Fargo biz 10/18, Sandy Springs 11/4. Maybe not all of them pull Chex.

PJ
PJ

Strange one.

Approved on 11/17
Received denial letter 11/30 dated 11/19 cites Chexsystems

Can still log into account online and my initial deposit is there.

Gottagetthosemiles
Gottagetthosemiles

Actual DD posted today, coded as “ACH CREDIT [Employer Name]-OSV EDIPYMENTS”

Any simulated DDs post similarly? Hoping to give others a “best guess” as to whether CapOne, Ally, etc. will trigger the requirement.

Gadget
Gadget

Detailed descriptions:
Cap360: ACH CREDIT CAPITAL ONE N.A. CAPITALONE date
Incredible: ACH CREDIT RIVER VALLEY BK IBTRANSFER date person’s name
Wells Fargo: ACH CREDIT WELLS FARGO IFI DDA TO DDA date

This is for SO’s acct. Sticking with these 3, but WF is the most promising. Any or all might work.

The short description is more scary, in order:
Capital One Transfer
River Valley Ibtransfer
Transfer from DDA to DDA

furiouschads
furiouschads

Sandy Spring Denial DP
I live in MD, less than two miles from a branch.
Lots of cards and checking accounts since I started churning in July of 2018.

11/5/18: Applied online, immediately received approval email.
Radio silence both sides
11/23/18: Bank emailed me a “brief closed account survey”
11/23/18: I call CSR and say “Wha?” CSR says, “Sorry account is closed you’ll get a letter in a week.” I ask what to do she says “Sorry, decision made, no recourse, no I can’t give you details.”
11/26/18: Denial letter arrives in mail. Cites Chex. Includes bank check for refunded deposit. The date on the check was 11/13/18!

Kiwoop
Kiwoop

Called and confirmed that DD $250 biweekly won’t trigger the bonus.
It has to be min. $500 in a single transaction per month.

fST
fST

I’m skeptical but I’m going to change my DD now just in case that is in fact true.

L
L

Thanks, Kiwoop. This is helpful.

fST
fST

I finally got my account completely set up and online access. After still hearing nothing, I called customer service. They told me I needed to go in branch and show ID to complete setup. I did so with no issues and then enrolled in online banking afterwards. I’ve opened 9 accounts this year before I applied for this one. I opened 14 accounts last year.