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

Published on July 21st, 2018 | by William Charles

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[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

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.

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

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

hello neighbor.. I’m going there on Monday

CongestionCharge
CongestionCharge

See you there!

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

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

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

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

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

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

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.

How many did you have?

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.

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

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.

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.

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

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.

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

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

Did Chase count?

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.

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…

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.

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

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?

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

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

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?

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.

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.”

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

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

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

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

Bonus posted 11/15

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.”

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

Let us know what you find out!

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

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/

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.

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.

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

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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