Offer Details
Written by: RJ
Requirements
- Open a Smart Advantage checking – $250
- Direct deposit $4k within the first 90 days of opening
- Open a Relationship checking – $500
- Direct deposit $7,500 within the first 90 days of opening
- Talk to a banker about your financial goals – $100 via gift card
- Bonus posts 100 days after completion
Eligibility
- Nationwide
- Checking: Can’t have had a checking account in the past 12 months
Fees
- Smart Advantage checking – No monthly fee
- Relationship checking – $25 monthly fee is waived with:
- $10k balance
Account Closure
- Keep account open 90 days
Chex
- Yes
Valid through: 10/31/24
Thoughts
Close to the $600 as we’ve seen in some time. I’d go for this one, even with the silly banker sales call.
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Editorial Note:
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
I got declined. Could be CHEX. I am 2 hours away driving distance from the bank. Do you think going in-person can make a difference?
Did you try in person after that? Did it work out for you?
How do you get to $120 in the savings builder if it is $5 a month ($60)?
Interest Rate is
0.01% so it looks like they are not even paying above interest rates say in month 10 you have $2000 in deposit with them to keep building it so that part maybe a recommend pass unless interest rates fall off a cliff which the “Federal” Reserve (that is not part of government for most purposes) has said interest rates are planned to be elevated for some time.
If you do want to go for it it should be noted this time of month: “If your initial deposit is not received until the month after account opening, the account will only be eligible for 11 savings rewards.”
Both my wife and I were denied accounts 9/22/23. None of these apply: https://www.bmo.com/en-us/articles/checking-accounts/why-your-account-application-may-have-been-declined/
It is not nationwide: https://www.doctorofcredit.com/az-fl-il-ks-mo-mn-wi-bmo-harris-200-500-business-checking-bonus/
Do look like Chex system is used for this one
Thanks, I’ll update.