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jay
jay

Just changed account to asterisk free checking over the chat. Simple 5 min process. Will close in 6 months.

Katie
Katie

FYI, I just called and converted my account to an asterisk-free checking account easily over the phone after the bonus posted, to avoid paying the early termination fee! No minimum balance in this account, no monthly fee.

Phong

Woo I just got the bonus in under a week. This seems pretty obvious, but can I just take all the money out now and then close the account/eat the termination fee?

Jason
Jason

Is there going to be any tax I need to pay eventually for getting this 200 bonus ? Thanks.

Chuck

Yes, you’ll probably get a 1099INT form.

Nick
Nick

So this is my first crack at checking accounts, I completed this one, and received the bonus. Wondering the best way to close the bank account. Transfer funds out and cancel the account over the phone/online? Walk into the bank and ask for a check and pay the fees?

projectx
projectx

What rate is this taxed? $200 minus $25 (early closure fee) minus the taxes… seems like we’re already dropping well below $150.

Vic
Vic

This deal is easy enough!

I just opened it online with home address being my relative’s address in PA and mailing address being my actual address in CA. Account was opened with no problem.
I’ll be depositing the $1001 when external account is linked after trial deposits.
Will report if bonus is received.