Posted by William Charles on July 21, 2018
Bank Account Bonuses

Published on July 21st, 2018 | by William Charles

74

[WA, OR, ID & In Branch] Columbia Bank $200 Checking Bonus

Note: This Columbia Bank is not to be confused with this one that operates in NJ.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: In branch only, all branches are in: Washington, Oregon and Idaho. [Branch locator]
  • Direct deposit required: Yes, $500+ within 90 days
  • Additional requirements: None
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: $5, avoidable
  • Early account termination fee: Account must be open at time of bonus posting
  • Household limit: None listed
  • Expiration date: September 30th, 2018 October 31st, 2018 November 30th, 2018 December 31st, 2018 January 31st, 2019 February 28th, 2019 March 31st, 2019 April 30th, 2019 June 30th, 2019 August 31st, 2019

The Offer

Direct link to offer

  • Columbia Bank is offering a $200 bonus when you complete the following requirements:
    • Bring in code (you get this by entering e-mail on site)
    • Open a Neighborhood Account, Relationship Account or Foundation Account
    • Receive a qualifying direct deposit of $500 or more within 90 days of account opening

The Fine Print

  • Limited time offer. Must open account by August 31, 2018 to receive offer.
  • To receive the $200 incentive:
    • 1) Open a Neighborhood Account, Relationship Account or Foundation Account, subject to approval,
    • 2) Receive at least one qualifying direct deposit of $500 or more made to the account within 90 days of account opening. Qualifying direct deposits are electronic deposits of your paycheck, pension, or government benefits (such as Social Security) from your employer or the government into your checking account.
  • Offer is not available to those whose personal checking accounts have been closed within 90 days or closed with a negative balance.
  • Limit one new offer per qualifying account, per individual.
  • After you have completed all the above requirements, we will deposit the incentive in your new account in the three months following the 90 day direct deposit review period.
  • The incentive is considered interest and will be reported to the IRS in accordance with applicable law.
  • Accounts overdrawn or closed at the time of incentive fulfillment are not eligible for this offer.
  • The person qualifying for this offer must be the primary signer on the account and must be 18 years or older.
  • You must present this offer code at the time of account opening to qualify for the incentive.
  • We reserve the right to restrict or change this offer at any time.
  • Number of days used to determine incentive eligibility will be calendar days. Member FDIC.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

The neighborhood account is the easiest account to keep fee free. The $5 fee is waived with any of the following:

  • minimum daily balance of $2,500
  • 10 debit card transactions
  • One direct deposit
  • age 62 and older
  • Military ID or Student ID on record

Early Account Termination Fee

Account needs to be kept open until the bonus posts.

Our Verdict

Biggest bonus they previously offered was $100. This is $200 but the requirements are the exact same. If you live near a branch I do think this is worth doing as it’s on the bigger side when it comes to bank bonuses and it isn’t too difficult to keep fee free. Because of that I will be adding it to our best bank bonus page.

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

Useful posts regarding bank bonuses:



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CongestionCharge
CongestionCharge

Held off on walking across the street to do the $100 bonus, glad I waited. Will give this a go. Thanks.

MCT
MCT

Can you ask if there is any credit card funding for this?

Superchurn
Superchurn

can confirm they can do a cash advance to fund in branch. not sure what happens if u give them a card with a cash limit set to 0

Bev
Bev

hello neighbor.. I’m going there on Monday

CongestionCharge
CongestionCharge

See you there!

Cattac
Cattac

Hi, was it easy to open the account and did they allow any credit card funding?

Tom
Tom

DP: Opened a personal and business account. It took about an hour for both but went smoothly. No credit card funding.

Bev
Bev

By the way, is there any opening deposit required on this checking? If so, I’ll have to prepare some cash.

Justin
Justin

$25 per their website. Unknown on funding options though.

Tom
Tom

Cash only. You can use a debit card, but they will use it to pull cash, which will probably result in an ATM fee.

Superchurn
Superchurn

you can use a CC too in branch, but they say its a cash advance. might work if CA limit set to 0…maybe

AJ
AJ

I just opened this account in branch. I can confirm they do pull ChexSystems, and the teller needed manager approval to open the account due to number of inquiries in the last 6 months. No CC funding. Soft Credit pull. Debit card printed in branch at time of opening.

Max
Max

How many did you have?

AJ
AJ

16-18. The teller was most concerned about identity theft. I confirmed the inquiries were all valid, she stated there was no derogatory info and it was no big deal.

Superchurn
Superchurn

can confirm they dont seem to be chex sensitive. i have around 24 in the last 12 months, and opened smoothly

Bev
Bev

I had the opposite experience.. I went into a branch to open.. the person opening it wasted a lot of my time as they fumbled around with it.. and just to find out later that they closed it due to chex inquiries.. it took 3 days before finding out it was closed. Bad experience all around.

AJ
AJ

Sorry to hear about your experience. I will definitely wait a week or two before sending a DD and possibly tying up $$. The branch I went to (Snohomish) was short staffed and the teller went out of her way to help me get the account opened. The manager that approved my account opening was at another branch (Monroe). Fingers crossed they don’t close my account and I can get the bonus.

Bev
Bev

Good luck to you. I have around 10 inquiries over the last year and a half.

Nathan Ponder
Nathan Ponder

Denied due to ChexSystems – about 10 inquiries in the last year. Credit check returned a code requiring the branch manager to “review,” and he declined to allow me to open the account.

Scott
Scott

Are there any data points and what EFTs will qualify for the direct deposit?

AJ
AJ

There is only one I can find that Chase works. I plan on using Chase.

https://www.doctorofcredit.com/wa-id-branch-columbia-bank-100-checking-bonus/#comment-606310

ap
ap

Did Chase count?

9ballAJ
9ballAJ

I’m assuming so as I wasn’t assessed the monthly fee and that is the only qualifier I had to avoid the fee. I don’t expect the bonus to post for another 2 months or so.

AKSF
AKSF

Did you eventually get the bonus?

JuicyJosh
JuicyJosh

Went into downtown Seattle branch and applied with banker. Noticed ChexSystems green signs on display. Banker had asst maanger come over to review application. They were “getting codes” they hadnt seen before an needed to contact regional person. Ultimately denied due Chex, in person! Only issue would be number of accounts open. A lot…

gmoney
gmoney

Sorry to hear that JuicyJosh. I went to the same branch in late July and opened an account no prob. I think I opened it with the manager but could have been the assistant manager. Opened no problem, and I’m lol/24 with chex.

Jesse
Jesse

Opened. Only 3 prior accts in the last 12 months and no Chex issues. In branch, $25 minimum deposit.

Tom
Tom

An FYI for this bank: Just chatted with customer service. External ACH transfers can only be done through BillPay or PopMoney with associated fees of $2.00 or $1.00 (?) per transaction, respectively. Has anyone else run into this?

Superchurn
Superchurn

yes, it sucks. but i just use my alliant and ally hub accounts to pull and push

Tom
Tom

I’ve done many bonuses and never realized I could pull money. Thank you!

ap
ap

I’m assuming this is the method to move money out without the fees? Do you think it’s worth opening this account for the bank bonus or too much hassle?

Tom
Tom

It’s still worth it if you have a branch nearby. I was able to pull money with from my another bank account without issues.

Jeff G
Jeff G

William Charles
Website says deadline is Sept 30:

“Bring your code to any branch and open a qualifying Columbia personal checking account by Sept. 30, 2018.”

Jeff G
Jeff G

Success opening with 8/6 Chex accounts. They did not ask me anything about the excess accounts.

D
D

Curious if anyone has gotten the bonus deposited yet. I know it’s within 90 days from first deposit but just seeing if anyone has experienced the timeline for their bonus.
Account Opened: 8/2/2018
First $500 Direct Deposit: 8/17/2018

Jeff G
Jeff G

I’m not exact same timeline, so maybe not too helpful, no bonus yet for me, but it is early:
Opened: 8/21
First DD: 9/10

ThaigerNation
ThaigerNation

No bonus yet either. I could see them waiting for 90 day mark.
Opened 7/26
First DD: 8/15

ThaigerNation
ThaigerNation

Bonus posted 11/15

Jeff G
Jeff G

Could it be 3 months after 90 days, so up to 6 months after opening the account? I could read it that way, here is the language: “we will deposit the incentive in your new account in the three months following the 90 day direct deposit review period.”

ThaigerNation
ThaigerNation

I am on day 91 now and no deposit. Going to check in next week with their customer service to clarify timing.

Jeff G
Jeff G

Let us know what you find out!

PDX_B
PDX_B

looks like it has been extended… until Nov. 30, 2018.

ThaigerNation
ThaigerNation

If you are wondering about the timing of the bonus posting you can reference some of the posts from when this promo ran in 2017:
https://www.doctorofcredit.com/wa-id-branch-columbia-bank-100-checking-bonus/

Sasquatch
Sasquatch

DP: Applied in branch. Bank manager refused to allow me to open an account. Said I had negative items on my Chex. Wouldn’t tell me what was on the report. Ordered Chex report but I haven’t received it yet. I have opened 4 checking accounts in 6 months but shouldn’t have any other negative info.

Tom
Tom

It’s been 90+ days since completing requirements for bonus, but nothing yet. The fine print suggests it could take up to 6 months, though it seems like others have gotten bonuses after ~3 months.

Tom
Tom

Update: Bonus posted 91 days after DD. I did a DD through work since there weren’t many DPs on which banks work.

Michael
Michael

DD:
8/13: Account opened w/ $25 cash deposit
8/21: Chase $501 ACH Push (Preauthorized ACH Cr JPMorgan Chase Ext Trnsfr)
9/27: Employer $500 DD (Preauthorized ACH Cr DIRECT DEP #####)
10/11: Employer $500 DD
10/25: Employer $500 DD
11/8: Employer $500 DD
11/15: Bonus Posted (Interest Paid New Account Promo)

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