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Let's Get This Bread
Let's Get This Bread

After receiving the Bonus, how soon have folks closed their Accounts? Any ETFs?

Electroman
Electroman

I’m a Cheesehead by choice, and live within a few miles of three of their four branches. This seems like it would be an OK deal except for the denial due to not fulfilling “the spirit of the offer” reported earlier. Although my opportunity cost is very low, I’m probably going to pass.

Theory
Theory

FYI, I did eventually get the bonus – about 3 weeks after filling a CFPB complaint when they told me I didn’t meet the spirit of the requirements. But yeah, it was more of a pain than expected.

Josh
Josh

what the hell.

Jeremy
Jeremy

Definitely escalate with a CFPB complaint

Jeremy K
Jeremy K
Theory
Theory

Terms are slightly different:

– Requires ten debit card transactions of at least $10 each (previously five with no minimum amount).
– Requires a “recurring” direct deposit rather than specifically two of them, still $250+ each.
– Requires e-statements.

Theory
Theory

I called last Friday, day 121 since I opened the account, to follow up on this bonus. I had done the bare minimum – five Amazon reloads, two $250 employer DDs – and I left only $100 in the account since then. I didn’t get any static for that (in fact the rep was super friendly).

I was told I should be receiving the bonus within the next 1-2 days and to follow up with him by the end of this week if I don’t see it. I’ll update when it actually posts.

Theory
Theory

A branch manager followed up with me today. They’re denying the bonus based on not fulfilling the “spirit of the offer”.

I’m going to try filing a CFPB complaint in response, but otherwise chalk this one up as a loss. He specifically mentioned that they were choosing to exercise the “we can deny this for any reason” in the terms.

Alex
Alex

I had very similar activity in the account (2 DD and ~10 debit transactions). Been 129 days since I signed up and no bonus has posted. Will be reaching out to them today to see what they have to say.

Theory
Theory

I think your best approach is probably to use the account more legitimately for a month or so before calling in. Good luck in any case, I hope they are more lenient with you!

My CFPB complaint was forwarded to the “Office of the Comptroller of the Currency”. I don’t know what they do or where to go from here, so I guess this one is gone for me. Shrug, onto the next one.

Alex
Alex

That would have been a good idea but…I had already reached out before seeing your response. I got something similar back. “As a bank, we offer promotions and incentive to gain new, long-term customer relationships. You can image the costs involved in setting up a new customer relationship in addition to paying out a $300.00 bonus. Therefore we have to set parameters to ensure that the customer is committed to a banking relationship with us.”

My response was that I was disappointed and suggested to state those measures explicitly in the promotion rather than have them applied arbitrarily after the fact

I will file a CFPB complaint as well and see where it goes.

Theory
Theory

Well how about that, my $300 posted today. I assume it’s because of the complaint, but the status still shows as “in review” when I look it up.

Good luck with yours, I hope you end up with the same result!

San
San

Has anyone received 300 bonus afer opening the account?

Dan
Dan

No, but they do have 120 days…

Ryan
Ryan

I tried opening one last week in WI (I live in Chicago but do a lot of work in WI) and was told that you have to be a WI resident to get this account.

Banker mentioned an “internal memo” detailing this but refused to open for me.

And as said below, they are super aware of bank bonus churning. I had to play dumb.

Joe
Joe

I am a Wisconsin resident but live about 2 hours away. Trying to decide if it’s worth a day trip for a couple of these and visiting some family. Not feeling great about it if they’re gonna be jerks about giving us their money though 🙁

Ryan
Ryan

I tried to do First Federal and the other two below while while I was there:
https://www.fbfcwi.com/thinking-about-us-feelings-mutual

https://www.wsbonline.com/checkingoffer/

It would probably only take about 2 hours to do all three including driving.

Dan
Dan

Don’t waste your time.

Anna
Anna

Bonus is back on through 09/09/18. I don’t understand why they’re offering it simultaneously with the $200 offer, but you can still find the flyer at https://www.firstfederalwisconsin.com/switchtoday/. Opened the account in branch with flyer today.

They seem aware and unhappy of churning, the banker was specifically detailing that debit transactions need to be “real” transactions (she gave some examples of grocery stores or gas stations). She also said a few things along the lines of “making sure you’re actually going to use the account.” An earlier commenter was told the bonus was manually verified and posted, this sounds like confirmation that that’s true. I’m not planning to mess around with it, I’ll split my real work DD and use the debit card for real purchases.

I wasn’t told I needed to enroll in online branch and mobile app for the bonus, but I’m doing so anyway to be safe.

A sign on the banker’s desk confirmed Chex pull.

Dan
Dan

Just wasted my time with this shit bank.

CorvetteLynnie
CorvetteLynnie

I just went to the bank to open the checking account. I was told that in addition to the direct deposit and 5 debits card transactions, I also need to access the account online (I planned on doing online banking) AND I must download the mobile app and access my account using the mobile app. I don’t usually bank on my phone but will download the app and access the account within 90 days just to be sure.

Dan
Dan

This is building up to be a huge disappointment for everyone involved…

FindingMyPossible
FindingMyPossible

Thank you fellow Wisconsinite!

San
San

I opened the account in branch. Yes, they are not chex sensitive. But banker told that recurring direct deposit should keep coming in until 90 days (not 1 or 2). After 90 days, he would manually verify all the qualifying activities and post the bonus. Its not automated through the system.

Dan
Dan

That’s what I am afraid of… Don’t have a real DD…