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m
m

Not available in my VA zip code. 250 miles from nearest branch. I suppose you’ve got to be in the branch’s footprint to apply.

Gadget - Bank Bonus Geek

William Charles Chuck The promo has been renewed. Expiration: June 30, 2022

Midnight
Midnight

Not sure if you’ve noticed as well but they discontinued all debit card rewards without notice. No longer on website and I didn’t receive any this month or last month

Gadget - Bank Bonus Geek

I quit them when they switched to the 10 cents per debit deal. I can’t go back as my zip code is now excluded from being able to submit an application online, and too far to go to a branch.

Jon
Jon

Did anybody ever receive a 1099 for the bonus? I called and when the rep pulled my info they said my interest earned was $0 and there was no 1099 generated. Seems like they didn’t generate them for bonuses this year.

Ben

Jon I reached out to Customer Service via phone and they told me a 1099-INT wasn’t generated for my account and I wouldn’t be receiving one. However, Customer Service via email stated that the $150 for the $10K balance portion of the $400 bonus was taxable and would be included on a 1099-INT.

Jon
Jon

Ah, I suppose I should reach out by email as well. Were they able to send you the 1099-INT?

Ben

Jon Unfortunately, no. They weren’t able to send a copy via email due to security reasons and directed me to call. So very much a Catch 22 situation. Email support says I’ll receive a 1099-INT but they can’t provide it while phone support says I won’t receive a 1099-INT.

Charles
Charles

Anybody received 1099 from this bank?

Ben

Reached out to HomeTrust earlier this week. 1099s were mailed on Jan 31 and are not available online. Agents did not have access to view or request duplicate 1099-INTs until today so they couldn’t confirm whether the 1099 included the bonus amount(s) or not.

edman
edman

was thinking of doing this one as I have had some money open up. and it now is not available to a household that has had an account in the last FIVE YEARS William Charles

Gadget - Bank Bonus Geek

Better than Discover… first EVER, regardless if you got a bonus before.

Ben

FYI – HomeTrust requires you to send in a notarized letter or go to a physical branch location to close an account. The notarized letter can be submitted via email, fax, or snail mail.

JB
JB

Good to know. Glad they randomly closed my account after I received most of the bonus.

Arl12
Arl12

Yeah it’s absurd they can open accounts without any such hassles online but need a notarized letter to close. But luckily they auto closed account with balance at 0 for a couple months 😉

arch
arch

Found this out today when I tried to close by phone. Next time I’ll just drain the account after bonus posts and let them auto close, rather than leaving $100 in there for the full 6 months.

Gadget - Bank Bonus Geek

Why not continue to get ten free 50 cent Amz reloads each month? I am slightly out of footprint, but one of two HH members has an acct, so they are going to have to force me out. I can’t rinse & repeat.

The only sad part is that they do report the debit card refunds as interest.

David M
David M

What do you mean 10 free Amz reloads? Do they round down or something?

Gadget - Bank Bonus Geek

David M Their old debit card rebate program was to pay $5 for 10 debits per month. Didn’t matter if the ten debit swipes were 1 cent or $10,000 each.

So, BEFORE, you could do ten 50-cent reloads, and get $5 back at the end of the statement cycle. The only downside was they did report the $5 per month on 1099 as interest. Did that for at least two years, with no issues.

Now that the program changed, I closed the account. I cannot apply for another account even if I wanted to, as the website won’t accept my zip code. They are dead to me.

Their new program is a rounding program PLUS a minimum monthly spend. Enjoy! I wasn’t going to play the 1-cent debit game and buying money orders to fulfill the major spend. If someone else can pull it off, go for it!

Also, I closed the account via SM/email with a zero balance last month, IIRC, so the root comment about closing with a notarized letter is no longer an issue. He was likely under the 180-day rule that some banks try to enforce or make inconvenient as hell to close… Like M&T, when you try to close too soon, but then won’t explain that stipulation and just let you flounder.

JB
JB

Interesting bonus.

So I opened the account on 5/9 and deposited 10k shortly after. I received the $150 bonus within a week or so if I remember correctly. Although I know I was supposed to keep the 10k for 90 days, I had other bonuses to get to. I transferred the funds out and took my chances since I had already received the bonus.

I completed the other two portions of the bonus and sat and waited. Eventually I got the $100 bonus for the 15 debit card purchases. The only thing left to be paid out was the $150 for the Direct Deposits portion.

I login yesterday only to find my account had been closed. Unfortunately I had not transferred the $100 out of my account. I actually received an account closure letter and to my surprise, a $100 check today.

So although I wish I would have gotten the full $400, I can’t complain about getting $250.

No explanation as to why the account was closed.

Jon
Jon

Nevermind, please delete

Jon
Jon

Has anybody tried Venmo or the like for the debit card purchase requirement? I imagine it’d work unless they manually review.

Also, I’d say it’s worth pointing out in the post that the Everywhere Connect account pays $5/mo when you make at least 10 debit card transactions and waives the $10 monthly fee when you make at least 5. I just went with the Simple Checking without looking into the Everywhere Connect Checking and regret my lack of due diligence.

Ben

Consolidated timeline DP:
– 2/18 – Application submitted with in-state physical address but out-of-state mailing address
– 2/24 – Account approved & opened
– 2/25 – $10K opening deposit posted
– 3/15 – $150 deposit portion of bonus posted (wasn’t supposed to post until 6/15)
– 3/22 – 3/25 – Combination of small and 1 large debit card purchases totaling $500
– 3/31 – $1.25K Employer DD posted (Statement 1)
– 4/15 – $1.25K Employer DD posted (Statement 1)
– 4/15 – $100 debit card spend portion of bonus posted
– 4/30 – $2.5K Employer DD posted (Statement 2)
– 5/19 – $150 direct deposit portion of bonus posted (had to follow-up with customer service after meeting terms as bonus didn’t automatically post on 5/15)

Will keep the account through the end of August to avoid ETF / bonus forfeiture.

Davis
Davis

Is the in-state address just some random address you put down?

Ben

Davis Previously lived there and mail forwarding is still active 😁

ieatdogfood
ieatdogfood

Did you actually live in an eligible zip code or are able to play with the numbers to bypass the zip code eligibility pop up?

Ben

ieatdogfood Pretty sure for this one I submitted the app with my old address (in NC) and then updated it to my current address (in WA) once opened

I believe HTB doesn’t let you change the “state” dropdown once you enter in the initial eligibility zip code