Posted by William Charles on April 14, 2017
Checking Accounts

Published on April 14th, 2017 | by William Charles


[Expired] OneWest Bank $200 Checking Bonus [CA, In Branch only]

This bonus has expired, you can view the best bank bonuses here. Or click here to see if there is a new OneWest bonus.

Offer at a glance

The Offer

Direct link to offer

  • OneWest Bank is offering a bonus of $200 (Visa gift card or other gifts of your choosing) when you complete the following requirements:
    • Open a new Premium Checking or OneAccount checking account
    • Activate a new debit card within 60 days of account opening
    • Sign up for eStatements within 30 days of account opening
    • Set up and receive recurring direct deposits or ACH deposits totaling $650 or more per month for at least two consecutive months within 90 days of account opening

onewest bank

The Fine Print

  • Limited time offer. $200 bonus offer is for customers aged 18 years or older who successfully open a new OneWest Bank Premium Checking or OneAccount checking account no later than May 31, 2017, and meet all the following “Eligibility Criteria”:
    1. Activate a new debit card on the new checking account within 60 days of account opening;
    2. Sign up for eStatements on the new checking account within 30 days of account opening;
    3. Set up and receive recurring direct deposits or ACH deposits totaling $650 or more per month for at least two consecutive months to the new checking account within 90 days of account opening.
  • Bonus will be paid, at customer’s option, in the form of a prepaid card loaded with $200 or a gift valued at approximately $200.
  • Customers who satisfy the Eligibility Criteria within the time frames specified above will be sent an e-mail with prepaid card and gift redemption codes and instructions within 30 days following the date on which all Eligibility Criteria were met.
  • Checking account must remain open and in good standing for a least six months after account opening. If checking account is closed by the customer or OneWest Bank within six months after opening, the value of the bonus may be deducted from account at closing.
  • Bonus is considered forfeited if not redeemed within 180 days after first email sent.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

You need to keep the account open for six months otherwise you will forfeit the bonus. The easiest account to keep fee free is the Premium  checking account, this has a $10 monthly fee and this is waived if you meet any of the following requirements:

  • Maintain $1,000 monthly balance

Our Verdict

This is better than the $100 for both parties referral bonuses they have offered in the past. They have also offered this same $200 bonus before as well. I will be adding this bonus to our best bonus page as the requirements are fairly easy to meet (specifically states an ACH deposit will count towards direct deposit). Biggest downside is having to deal with a Visa gift card instead of cash.

Big thanks to reader, JarJar who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:

34 Responses to [Expired] OneWest Bank $200 Checking Bonus [CA, In Branch only]

  1. Ben says:

    Any DB’s if it is closed to CA residents? I am planning a trip to CA in the next month and would be nice to pick up the bonus.

  2. Olympia says:

    Hey DoC, I don’t see anything that sees in branch only. I’m probably missing something but – I think we can open online, right? What are others seeing?

    • Olympia says:

      Also, they definitely do chex. I did another promotion and got grilled over inquiries.

      It looks like the Premium account doesn’t have an online application (at least when I tried) but the OneAccount does have an online account. Not planning on parking 50k there though!

      • Matt says:

        that’s unfortunate. i mean, i live 10 minutes away from a branch but I hate wasting time like that. almost certainly will be denied for chex lol.

    • TG says:

      Well, the landing page for the promo only mentions phone or branch. Not sure you’d get the bonus if you opened the account online.

    • It says: Call 1.855.728.6595 or visit your
      local branch to open your new account now.

      Also when you click the online application links it reverts you to stand details about those accounts and no mention of bonus. It’s possible it’s online as well, but I doubt it.

  3. Matt says:

    It was not easy to find DoC but here are the ways to keep the accounts free (see the bottom).
    The method you listed is actually for Personal Savings. Premium checking is $1000 daily balance.

    • lingua says:

      Post needs updating…the reqs for this is to open a:

      Premium account checking, min. 1k opening deposit and 1k balance to keep fee free or a

      OneAccount checking, min. 50k deposit to open and 10k balance to keep free.

      I plan to open a Premium with one 1k to meet the reqs, and then dowgrade to their most basic Personal Checking account which only requires estatements to keep free.

      Should still qualify for bonus right? terms state of keeping the checking account open and do not specify which one.

    • Thanks, you’re right. Updated!

  4. Aaron says:

    Since you’re being paid in the form a gift card, does that still require a 1099?

  5. Shawn says:

    Applied in branch just now. $1,000 is required to open and keep fee free, but rep seemed to think I could downgrade after bonus posts.

  6. Roman S says:

    Let me share some data point for some of you who thinks to apply for it.
    I went to a local branch in los Angeles and after waiting for 25 minutes was finally be able to start opening a checking account. After banker filled out all the information and printed some papers she got back to me and said following – Mister X your report shows that you opened very recently new account online with BMO ( which I did last week) and my question to you is why do you want to bank with them and us and the same time?
    I was lost and didn’t know what to respond – after few second I told her that I would like to use BMO to pay my bills online and OneWest Bank as a bank where I would keep my funds to get an annual interest on them. After my response she went to a manager and few minutes later came back to me and said “we can’t approve you due to too many inquires on your credit report, thank you for stopping by and have a great day”
    Hope this information will help you.

  7. DD says:

    On the OneWest Bank $200 new accounts offer:
    1. For visitors to CA: Out of State applications are fine.
    2. Credit Card funding, per se, is NOT acceptable as a DD – unless it is a Debit Card-type.
    3. Bank-to-Bank or ACH’s are fine (set it up at your primary bank), and
    4. Online apps are not accepted; you must come to a branch in person.
    They accept appointments. For example, at one branch, the banker who processes these is not available today (if I understood them correctly).
    I don’t think I will be applying if they are monitoring who we bank with and why, as Roman S explained. Or if I decide to go, I will first explain that, frankly, I am applying mainly for the $reward, but obviously if I enjoy my experience I will stay with OneWest.

  8. Matt says:

    Despite many chex inquiries, decided to go take a chance and was approved. I found my experience a bit weird though. I knew I’d be grilled but it wasn’t by the banker. The banker actually brought over the manager. The manager did not even ask me about the accounts she knew I had, but asked me WHAT accounts she had. Definitely more off putting than other reports on here.

  9. KC says:

    Does OneWest really count ACH in lieu of direct deposit? It says “no data points” for OneWest on the corresponding ACH article.

  10. Jason says:

    Hi, Is there any Friends already got bonus. Can you share your experience?

  11. Saf says:

    Similar experience as some readers above. Waited quite a while to get to a banker to open account. Banker was frankly quite slow. After account open he brought over the manager and let me know there were quite a few recent inquires on Chex. Still allowed me to open the account, because this seems like a difficult place to get the bonus from I’m going to be on the cautious side and just do actual Payroll DD (plus no ACH DP’s) since I went through the trouble of wasting 1.5 hours of my life to open this account in branch.

  12. Jason says:

    June.2 got email said:Congratulations, your reward from OneWest Bank is waiting for you . I transfer 650 in Apr.28 and second trnasfer 650 in May.5 from chase.pick up visa reward card said will send me in 2-4cweeks.

  13. Shawn says:

    Received same email as Jason, gift card is on way.

    Unlike Saf, bankers knew full well my intention of only opening for bonus, and did not mind at all my many accounts on chex.

    • Nopers says:

      Which branch had the friendly people? This is not worth wasting a bunch of time being grilled by managers.

      • Zachek says:

        I opened at the branch across from Cedars-Sinai (think it’s Beverly and San Vicente?) A nice tall Romanian guy helped me open the account.

  14. Saf says:

    Just got email for my gift. Used 3x employer DD and 1 Wells Fargo ACH.

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