Posted by William Charles on August 16, 2016
Bank Account Bonuses

Published on August 16th, 2016 | by William Charles

83

[OK only] Central Bank $150 Checking Bonus – No Requirements For Bonus!

Update2: If you don’t live within 50 miles of a branch you won’t be eligible for the offer (it’ll let you sign up and then they will later close your account)

Update: If you use your mobile phone, the offer will only be for $100. Use a normal computer and the $150 should show up.

Reposting because we now know it’s a soft pull and you can fund with a credit card.

Offer at a glance

The Offer

Direct link to offer

  • Open a MyChoice checking account from Central Bank with a minimum funding of $50 and receive a sign up bonus of $150 when you use the promotional code ‘BEAWESOME

BeAwesome_150

The Fine Print

  • Incentives will be deposited to the MyChoice Checking account within ten business days after the account is funded.
  • Available to new checking account customers only.
  • If checking account is closed within first 90 days a fee may be imposed. Promotion ends 10/31/2016.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

This account has a $3 monthly fee, it’s avoidable if you do any of the following:

  • Maintain a recurring direct deposit
  • Use your debit card at least 10 times for a point of sale transaction
  • Keep an average daily balance of at least $500
  • Set up a monthly transfer between MyChoice Checking and SaveUpSM Saving

You do need to keep the account open for more than 90 days otherwise you’ll be charged an early account termination fee.

Our Verdict

This is a fantastic bonus as there are no requirements, it’s definitely an ‘awesome’ offer (ha ha ha!). I’ve added this offer to our best bank account bonus list. It rarely gets better than this, nice $150 bonus with credit card funding and no bonus requirements.

Useful posts regarding bank bonuses:



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K-E-T
K-E-T

Great bonus! But am I missing something? Where does it say Oklahoma only?

NinjaX
NinjaX

I really wanna say that guy is the Wyndham mascot…

donna
donna

is it only online? can i do it in branch?

THOMAS
THOMAS

I signed up the checking account online just now. I spoke with a chat representative and she confirmed my code was applied. She stated the bonus would be applied between 5-7 business days after account is funded. I I chose to fund by bank account transfer but was told I could fund by credit card. Also they stated they don’t do a hard pull on credit account, but Instead use something called Telecheck. I’m not sure what that is.

Chao
Chao

I spoke with a chat rep today. She said the opening checking process will be a hard pull. That would be bad if she is true.

Could you confirm if they hard pull your credit when you open the checking account? Thank you

donna
donna

same here. the representative told me soft pull….

Donna
Donna

and I think the Telecheck is something that could confirm the SSN you put in the application belongs to you. I applied mine online, putting my SSN there, and on the next page they asked me to choose which county I have stayed, XXXX street is in which city, questions like this, I think they are using this way to confirm you are the owner of the SSN you put in application….Not sure.

Chao
Chao

Thanks for the updates. Could you see they put a hard pull or just a soft pull on your report?

Jeff H
Jeff H

TeleCheck is a bad check database which has expanded from it’s original business.. Used to be more into check guarantee / bad check collection service.for grocery stores and other businesses. I don’t see their signage as much as I used to. It is owned by a credit card processor.

https://www.firstdata.com/telecheck/

Phillip M Dampier
Phillip M Dampier

Confirmed Central Bank uses Telecheck as their primary verification service. In Missouri, they are listed as not using ChexSystems at all. I remember Telecheck from the 1980s and maybe into the 1990s, but they seem to have faded away since then, with this exception.

THOMAS
THOMAS

I’m don’t have confirmation about if this offer can be redeemed in branch.

anyech
anyech

Sounds like an excellent offer. $500 to sit for 3 month and get $150, why not.

Matthew
Matthew

I did not have any hard pull when I opened this account earlier this year for the $100 bonus.

bob
bob

Central Bank is the f’ing BEST. $1000 per account, all online. Visa/MC, always goes thru as a purchase.

I have 9 savings accounts in addition to my checking acct with them. They also sell prepaid debit cards, but you can’t reload w/ a CC, just the inital ($1000) purchase. Location restricted, but several metro areas available in the MO/KS/OK/IL area.

Alex
Alex

Wow! Do you know id there a soft pull when you open the savings accounts?

Alex
Alex

I need to learn how to spell, lol.

bob
bob

i think it’s soft. it’s pretty f’ing easy to get an account, that’s for sure. As long as you’re living relatively close (50mi?) to a location…

Jeff H
Jeff H

So how do you get a prepaid debit card on CC from them on the CC in the first place? Sounds like another best kept secret that may be worth knowing.

JAMES B.
JAMES B.

Funded $1k with Barclay Arrival+ and posted as a purchase.

Jon
Jon

I’m only seeing a bonus of $100

Mike
Mike

Same here. Even the banner says $100

Jeff H
Jeff H

Note that the ID verification questions in my case asked questions that have not meant much to me in over 30 years.

You are not residing in one of the states in which we are conducting business. What is the reason you would like to open an account with us
(provide answer in the box)

Appears to be successful account – CC funded Barclay Cash Forward MC.
Central Banks in several states
https://www.centralbank.net/locations/?search=4340%2bW.%2b6th%2bStreet%252c%2bLawrence%252c%2bKS%2b66049&pageNumber=1&locationId=2816
————–
I was linked to a bank in Kansas City area.

Thank you for opening a Central Bank of the Midwest MyChoice Checking Account! Your new account is being processed.

You will receive a Welcome Kit in the mail
The Welcome Kit will include a signature card along with additional information
Sign the signature card
Sign other forms where highlighted (such as POD or Plus Package enrollment), if enclosed
Return the signed signature card and forms in the self addressed envelope
Once your account is funded and we receive this information, your new account will become fully operational. If you have any questions, call us at 866-236-8744 or click on Chat in the right hand navigation.

The card transaction to fund your new account will occur within 48 hours
The transaction will be processed as a sale and not as a cash advance
The transaction will appear on your statement as Online New Account Funding 866-236-8744

Jeff H
Jeff H

Forgot to remind folks to select the correct checking account type in the offer. Sign up process offers four types of checking account
Quote
Open a MyChoice Checking* account today with your exclusive offer code BEAWESOME and get $150! Don’t wait, this offer is for a limited time only.

Jeff
Jeff

Mine came up as Central Bank of St. Louis. Does it matter which location the account is opened through? (i.e. Central Bank of xxxxx)

bob
bob

i think you have to live within 50-100 miles of a branch (?). when you open an account, it asks for your state first, then, if it’s a state that they don’t have branches in, they’ll pop open a text box for you to make your case why you want an ccount.

i don’t think the ‘flavor’ of Central matters – there are definitely other flavors – they’re all the same bank

Jeff H
Jeff H

I am in a different state than their service area. I live over 200 miles from the closest bank branch that I found. AFIK, I was processed.

JP
JP

I see this:

Open a Free Cardinal Checking* account today with your exclusive offer code BEAWESOME and get $150! Don’t wait, this offer is for a limited time only.

Not mychoice checking! anybody else?

and, so this doesn’t come up in chex system as its ‘TELECHEK’?

Jeff
Jeff

I opened it on the St. Louis page just now, but selected My Choice Checking in the application. Kinda nervous now because I see the page says Cardinal Checking. Will have to chat with them tomorrow. Any one else do this?

Phillip M Dampier
Phillip M Dampier

The darn security questions are very outdated and tripped us up. One involved the nearest street, and three of them were valid in our area and very close to each other. Another asked us about a former address we have not lived in for more than 20 years and still another asked about the year of our vehicle. The problem was, we have owned four model years of the exact same car. It was very frustrating. Now we have to try and figure out if we want a human to deal with this and risk a hard pull or walk away.

Phillip M Dampier
Phillip M Dampier

The good news is if you muck up the security questions, just apply again at a different branch as a new customer and everything seemed to go fine the second time with new questions about people in/not in your life, phone numbers you may/may not recognize, etc. No ambiguity with the second round of questions.

andrew
andrew

thanks Phil I had this issue and was gonna just let it go until I saw your solution!

andrew
andrew

Just opened an account from PA to a branch in MO. Thx DOC

Adam

awesome, thx DoC for posting this & other commentators for chiming in!

quick Q, any household limits or can every unique SSN sign up?

Don Frump
Don Frump

I couldnt even get to the ID verification question screen. it asked me to call a 800 number to open an account. was anyone successful in doing that?

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