362
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Gadget - Bank Bonus Geek

6/13 P2’s Acct open
6/24 $2,500 “DD” = DIR CAPITAL ONE N.A. 1510394779 BR CAPITALONE (Cap One 360 Checking)
6/28 $200 “debit purchase” = POS MC CASH APP firstname 4153753176 CA (Loaded $200 on Cash App)
crickets… no bonus as of Aug 4th – over 40 days since DD had posted
Trying another DD & debit.
8/09 $2,500 “DD” = DIR SCHWAB BROKERAGE 9005586224 BR MONEYLINK
8/12 $200 “debit purchase” = POS MC FZSOFT BR 929348 2320 NY (Online purchase of $200 GC on Fluz)
8/12 $200 Bonus Posted! ONL DEBIT CARD PURCHASE REBATE

Most likely Cash App no longer counts as a debit purchase, but there is a slight chance the DD was not satisfied by Cap One, or even less likely that the bonus just happened to post later than expected. Alana

Now comes the question of keeping the account for the additional $100 in another 10-11 months. Financially probably makes the most sense to cut ties now and open a new one in 6 months, but I fear a smaller, local-ish bank like this will hold a grudge if you churn it too often, even if not in the terms. Probably will just stick it out and churn it every two years as opposed to trying for every year. They are already denying P2’s online applications and forcing her to go to a branch as it is – this was her 3rd time opening an account with Dollar Bank. Kenny Shaw

Kenny Shaw
Kenny Shaw

Because I have to open in branch, I’ve been waiting out the year as well because it’s a small bank. I’m using a real DD so it’ll take some time for that to post. I’ll post my DP as soon as I get the bonus.

Gadget - Bank Bonus Geek

Because of the long timeframe given for the DD to occur (I would have time to try other options or switch to real), and fakes are readily available, I find it’s best not to mess with real DD’s. Yes, there is always that slight chance they do a clawback, but really, I can’t say I have ever seen any bank do this on a deposit account bonus. But your way is safer.

Also a factor, P2’s DD is not flexible and I often end up having to “fake it til I make it” anyway.

Gadget - Bank Bonus Geek

Any new DP’s? Per terms, takes 40 days after the DD’s are complete for the $200 rebate to post now, but is this what people are seeing?

6/13 Acct open
6/24 $2,500 “DD” = DIR CAPITAL ONE N.A. 1510394779 BR CAPITALONE
6/28 $200 “debit purchase” = POS MC CASH APP firstname 4153753176 CA
crickets…

Alana
Alana

Same here. Same timeline

Gadget - Bank Bonus Geek

$200 bonus is officially overdue. Probably going to try a different source DD, and a different debit… and see what happens then. More than likely this is due to being a past customer, they botched up the promo, and I will have to whine and beg.

Ylmir
Ylmir

Extended to 8/30/22 per terms:

“To qualify for the offer, an Everything Checking account must be opened by 8/30/22. Offer is for new checking customers. Those who had an open checking account within the past 180 days are not considered to be new customers and are not eligible for the offer. … Promo Code: CM602”

Gadget - Bank Bonus Geek

William Charles Chuck Post needs an update. Promo Code: CHK22 Same promo online as on the in-branch flier. Also, I think all three states now point to one universal link. Per the branch flier: https://Dollar.Bank/300

Because of the HH limit, I will probably hold off churning for a bit until I see what happens with P2.

Gadget - Bank Bonus Geek

Not sure if Dollar Bank is taking a page out of the Truist Bank playbook, but sort of a weird DP. In footprint, a few miles from branch in VA.

P2 tried to open this online late last month. Looked to be approved – had an instant account number. $50 debit was charged to her other bank debit card for funding. She was a past customer, so she already had online access. However, the new account did not appear automatically in online banking. The old account, which closed 8 months ago was still there listed as “closed”.

The next business day she gets an email:

Thank you for your interest in opening a Dollar Bank Account. Unfortunately, we have not been able to validate all of the information which you provided and are unable to open an account for you through this office at this time. As result of this situation, it will be necessary for you to visit a Dollar Bank branch.

I assumed they would just cancel the application, and refund the $50 funding. After a week, sent an email asking how the funding would be refunded. No response after another week.

Now two weeks have gone by… I send P2 to a branch. They can’t resume the application but start a new application. Approved. Used the existing opening deposit. Per P2’s convo with the local banker, the online denial was due to too many Chex inquiries – not an identity issue.

So, it could be one of those occasions where the bank is more lenient for branch account openings… or, maybe two weeks from now they shut down the account. The jury is still out! I would do a Chex number count here, but the Chex website is being an ass and not producing a report… Approx 2 Chex hits per month is P2’s norm.

Kenny Shaw
Kenny Shaw

I had the same exact timeline as your P2 Gadget 🕵️ Bank Bonus Geek I applied and had an old account about 9 months old in my login but no new account and they took the $50 deposit. I get that same email with the same wording. I asked them, they said to go in-branch or they can give me a refund. I went in branch, they started a new application and I was approved. The local banker did not know about the Chex issue or mentioned any other issues. It seems to be open in my account as of today with the promo code attached. I am LOL/24.

Carly
Carly

Extended until 6/30/22.

Extended to April 30th, 2022
Extended to April 30th, 2022

Extended to April 30th, 2022

JB
JB

DP: account opened in branch with promo code
2/8/22 – account opened
2/20/22 – $2,500 Wells Fargo ACH Push
2/25/22 – $200 Debit card rebate posted after Amazon purchases

Jack

Congrats JB Did you actually get the bonus after your ACH Push and debits?

Roy
Roy

I recently opened an Everything Checking account in branch on 2/5 and completed the Direct Deposit requirement on 2/15 (real employer DD). Dollar Bank has confirmed that promo code CM507 is attached to my account ($200 debit card rebate and $100 one year anniversary rebate). I did my first debit card purchase ($5) which posted on 3/3. Today is 3/4, and I don’t see any rebate on the $5 charge which made me think about how the debit card rebate works.

I see this verbiage in the rebate terms: “The $200 Mastercard debit card rebate will be added to the new checking account within 40 days of the qualifying cumulative direct deposits.”.

I called Dollar Bank to ask how the debit card rebate works, and asked if the transactions I make now will qualify for the rebate or do I have to wait until a specific date to make debit card transactions that will qualify for the rebate. The answer I got was that everything looks good on my account and that the debit card rebate was “under review” by marketing, but they couldn’t really answer my question.

I think the problem is that the debit card rebate is simpler than I was thinking it is. There is no requirement to make a certain amount of debit card transactions to qualify for the rebate, the qualification is done by the direct deposit. So to be safe I should make sure I make at least $200 of debit card charges and then wait for the debit card rebate to be applied within 40 days of meeting the direct deposit requirement.

Does this sound right?

Mark
Mark

you need to make the 2500 DD first to get the 200 rebate.

Roy
Roy

Yes, agreed, and I did that. My second DD posted on 2/15 to complete the Direct Deposit requirement of cumulative $2,500 or more in direct deposits (mine were real employer DDs). After that I made $200 in debit card purchases in early March. Today is 3/31 and still no $200 debit card rebate, which seems odd considering JB’s recent data point showing his $200 rebate posted within 5 days of his $2,500 “DD”. Well, I met all the terms of the promotion and the paper the branch printed out for me at account opening shows the conditions of the CM507 promo, including that “the $200 debit card rebate will be added to the account within 40 days of meeting the direct deposit requirement.” It has been 44 days since I met the direct deposit requirement, so I guess I will call the bank. I’ll let you know how it goes.

Jack

Do you think Roy had issues because he was OOS? Gadget 🕵️ Bank Bonus Geek
How did it go Roy Roy Roy Roy Roy Roy

Gadget - Bank Bonus Geek

It’s a rebate. You have to spend $100 or more. Individual small charges are not rebated one for one until you hit $100. Takes 5 seconds to load Cash app.

Gadget - Bank Bonus Geek

Actually, Roy never said he was OOS, did he? Just that he went in a branch. Terms definitely say that “accounts are available only to consumers residing in Dollar Bank’s markets” in the current offer.

I know about half the time P2 and I have done this promo I had to call about the bonus to get them to post it or apply the promo code. Maybe now that they changed the code it won’t be so painful? Here’s hoping.

BradE
BradE

What was the eventual outcome of this?

Zeus
Zeus

DP: I tried opening an acct last year (near but not in footprint), opening was successful but they closed the acct a few days later and returned the opening deposit by check stating that I was not eligible.