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Meghan
Meghan

Is the 4% CD actually true?

Dan
Dan

LOL?

Mj
Mj

Lobbies are closed, so if you have a problem online I’m not sure how you get it resolved just FYI.

Ethan
Ethan

Deal is back until April 30, 2020 per here: https://www.mononabank.com/current-offer

Ted
Ted

They do pull ChexSystems. I got a chance to see their screen.

Dan
Dan

They also offer 4% 6-month CD up to 10k if opened at the same time.

Dave
Dave

Opened in early Jan, had one real direct deposit of $300 on 08 Feb, performed 1 bill pay on 15 Feb and bonus posted 15 Feb. Also was signed up for e-statements..

I requested a debit card but have not used it.

Theory
Theory

I got this sheet when I opened my account:

Additional Terms and Fees for this Account (True Choices Checking w/$300 Bonus)

Bonus Information: You will receive a $300.00 bonus for opening this True Choices Checking account with periodic monthly direct deposits as well as the savings product of your cohice at the same time as your checking account. Then after opening two additional products or services and using your debit card and writing checks, we will deposit the $300.00 bonus into this account within 90 days of opening the additional products or services.

This looks to be a manually applied bonus, and the terms are on-purpose vague, so if you go for this one, I think you’ll want to be able to make some decent amount of real-looking debit card purchases. There’s also an ETF of $20 if you close within 90 days.

Theory
Theory

Bonus.Get(300)
{
– 15 Feb: Opened account in branch
– 23 Feb-10 Mar: Legit debit card use here and there, 5 or 6 total
– 1 Mar: Employer DD, $500
– 2 Mar: Legit bill pay x1
– 18 Mar: Bonus posted
}

Theory
Theory

Closed today in-branch and it was as easy as could be. The teller remarked that since I was at a zero balance, I could have even done it over the phone.

Dan
Dan

These are some really vague terms…