There are a lot of banking promotions from US banks. For more information about recent banking promotions, you can visit the special “Banking News” section. I believe you can get a lot of useful information from Banking News section. If you have some information regarding banking promotions, please let me know. I think it will be very useful for those who want to open a new bank account soon.
First Bank is offering a free iPod Shuffle for opening a new personal checking account with minimum $50 initial deposit. There is no direct deposit or other banking activities required. You have to keep the new checking account active for more than 6 months otherwise First Bank will retract the reward.
Fine print:
Offer valid for personal checking accounts opened. Limit one gift award per customer, per calendar year. Limit one gift per account. FirstBank employees are not eligible to receive the award. Minimum opening deposit of $50 required to receive the gift. To be eligible for the award, you must open your new personal checking account on or before March 31, 2009. The $48.05 award is considered interest and is subject to IRS and other tax reporting. Upon account opening, FirstBank will mail a voucher letter for the iPod to the account holder. The voucher is only redeemable at any FirstBank location. The $48.05 award is considered a bonus that can be revoked if the account is closed within 6 months of opening.
To receive the reward, you have to open the checking account before March 31, 2009 and make a $50 initial deposit. If you choose the free checking account, there is no minimum balance, and no monthly service charges.
The only limitation of this promotion is the free iPod Shuffle is only available to residents in CO, AZ and CA. First Bank is FDIC insured.
Compass Bank is offering $150 bonus for opening a new checking account and savings account together. The $150 bonus seems not difficult to get. The first $75 bonus is from checking account with required online bill pay activities. Or you can sign up direct deposit with your new checking account. The second $75 bonus is from savings account with automatic transfer from your checking account with minimum $50 per month.
The promotion page can be found here. Following are some important points to get the $150 bonus.
- Open a new Compass checking account （Build-to-Order Free Checking account）and sign up for Online Bill Pay by 2/28/09
- Pay at least 5 bills online every 30 days for the first three months your account is open
- For each month that you do, you’ll get $25 — up to $75 total
Open a new Compass checking account from January 5, 2009 to 02/28/09 and pay at least 5 bills via CompassPC Online Bill Pay every 30 days for the first 90 days your account is open, and receive $25 for each qualifying period up to $75. Online bill payments must be made to a third party and be at least $25.00 in order to be eligible.
The other way to make $75 bonus from Compass Bank is sign up for direct deposit with your employer’s payroll and you can get $75 bonus! It’s very easy! Minimum $100 opening deposit required. Account opened between 01/05/2009 and 02/28/2009 that establish a recurring payroll direct deposit within the month following the account open date will receive $75.
The second savings account seems also sweet!
- Open a new Compass checking account by February 28, 2009
- Set up automatic transfers of at least $50 a month from your new checking to a savings or money market account
- After the third transfer, we’ll credit your account an extra $75
To take advantage of the sign up bonus opportunity, you can visit Compass Bank local branches, call 1-800-COMPASS (1-800-266-7277) or you can apply online here.
HSBC Bank is having a great promotion for its Plus Checking Account. The promotion is very simple. Open a new Plus Checking Account with minimum required amount and you will receive a free gift from HSBC Bank. The gift is PowerCost Monitor which is an electricity meter monitor that helps you monitor your kWh power consumption.
Using the information provided by the PowerCost Monitor, you can start to manage your kWh usage to save money. According to the studies, you can save 10% of your power bill simply by monitoring and understanding use! So it’s possible that you can earn more bonus for using it. More information can be found at www.powercostmonitor.com.
The promotion page can be found at this. Here are some of the important points on how to get the bonus:
- Offer valid for opening a new Plus relationship and depositing a minimum of $8,000 in new money to any qualifying personal accounts between 1/12/09 and 2/28/09, and maintaining at least $8,000 in new money in total combined balances through 3/31/09.
- Existing HSBC checking customers can qualify by upgrading to Plus and meeting new money requirements. New money is defined as funds not previously held by any member of the HSBC Group over the past consecutive six months.
- Qualified customers will be notified via mail by 5/31/09; notification will include instructions for redeeming gift of choice. Gifts not redeemed by 9/30/09 will be forfeited.
- The cost of the gift will be reported on IRS Form 1099 ($150 value)
Plus relationship must remain open for 180 days or value of gift will be deducted from account proceeds at closing
Note 3 indicates that there is a $15 monthly fee for balance under $15,000. “To avoid a monthly $15 maintenance fee for a Plus account, you need to maintain $15,000 in total combined balances including personal deposit, investment and qualifying credit balances.”
It seems that all the balances in you accounts at HSBC Bank including savings account, checking account and credit card account can be counted to the $15,000 requirement.
Under Banking News section, I have updated a lot of posts recently talking about the banking promotions from US banks and credit union. Bonuses are available from PNC Bank, NuVision Federal Credit Union, TCF Bank, FlagStar Bank and HomeStreet Bank. If you want to open a new checking account soon, it a great time to catch one of the promotions. Of course, the $100/$125 checking account bonus from Chase is always available (You can find a coupon from USPS moving kit.).
The Signal Financial Federal Credit Union is offering $101 sign up bonus for opening a new checking account with direct deposit. The Signal Financial Federal Credit Union is a credit union insured by the NCUA. The branches are located in Washington DC, Virginia and Maryland.
According to the membership page (decides who can open an account), if you or a family member live, work, attend school, or worship in Washington DC or inside the Beltway in Prince George’s County or are employed by one of the companies listed on that page, you are eligible to be a member of the credit union.
The requirement seems to be very simple: open a new checking account with a Share Savings account with $5 minimum deposit and make direct deposit to this new checking account.
About the direct deposit, Signal Financial Federal Credit Union defines:
Direct deposit is defined as your entire net paycheck being electronically deposited into your Signal Financial account each payday. It must take affect on account before prize money is awarded. Prize money will be deposited into your share (savings) account and be held for 6 months. One incentive offer per member. Offer expires January 31, 2009. Other restrictions may apply.
This offer expires on January 31, 2009.
PNC Bank has finished the acquisition of National City Bank on December 31, 2008. National City Bank now is a bank of PNC Bank (On December 9, 2008 Shareholders of National City Bank have filed lawsuits to halt the sale of the commercial bank to PNC). PNC now is offering a checking account bonus which offers $75 bonus for opening a new checking account with required direct deposit.
The promotion page about this offer is listed on the website of PNC bank. This link leads to the promotion page directly. The free checking account qualifies for this promotion. This checking account requires a minimum $25 initial deposit. It has no monthly fees or minimum balance requirements. Online Bill Pay is also free.
According to the small print: The payout of $75 will be credited to the eligible account within 7 days of the first Direct Deposit, which must occur before 3/31/09. The payout will be identified as “Direct Deposit Reward” on your monthly statement. The direct deposit is clearly defined by PNC Bank:
A qualifying Direct Deposit is defined as a Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited into a Free, Performance or Performance Select Checking account. The minimum amount of any single Direct Deposit must be at least $500. The Direct Deposits must be made by an employer or an outside agency. Transfers from one account to another or deposits made at a branch or ATM do not qualify as Direct Deposits.
Free Checking Accounts at PNC Bank features:
- Free transactions at any PNC Bank ATM.
- Non-PNC ATM fees reimbursed with a $2,000 average monthly balance
- No minimum balance requirement and no monthly service charge
- Earn rewards with your enrolled PNC Bank Visa Check Card when you make a qualifying purchase
- Free Online Banking and Bill Pay
There are also PNC Performance and Performance Select Checking Account available which offer better benefits but require more balance on the account.
The new PNC virtual wallet checking/savings account is also qualified for this promotion. The virtual wallet account is a great banking product. I will give a brief review of this virtual wallet soon.
NuVision Federal Credit Union (previously McDonnell Douglas West Federal Credit Union) is offering a huge sign bonus for new customers. NuVision Federal Credit Union is a member-owned not-for-profit organization that dedicated to serve its own members.
The $150 checking account bonus is listed on its website. It seems the $150 bonus is easy to get and no monthly direct deposit is required if you use their debit card frequently. Following is how to get the $150 bonus:
1. Open a free checking account with minimum $100 initial deposit. Direct deposit of $200 per month or 5 debit card purchases per month is required for the first 90 days to qualify for the promotion.
2. $50 bonus for keeping the checking account active for 90 days (To be considered active, at least 3 transactions each month are required.).
3. Additional $50 bonus for using online billpay (At least 3 times per month.) for the first 90 days.
It seems to me that all the requirements are pretty easy to fulfill. The flyer about this promotion can be found through this link. The offer is now scheduled to last until 3/30/09. Everyone is eligible to apply for the membership at NuVision Federal Credit Union.
NuVision Credit Union is also offering a great opportunity for its members who can earn referral bonus for referring new customers to the credit union. Details about the promotion can be found here. You can earn $50 bonus for each referral.
TCF Bank is offering a $50 bonus for opening a new checking account at TCF Bank without direct deposit requirement. This promotion is listed at the TCF Bank website. It seems this $50 bonus is pretty easy to get and only the residents at Illinois, Arizona, Colorado, Indiana, Wisconsin, Michigan and Minnesota are eligible to receive the offer.
The details about the promotion can be found through this link. The $50 bonus will be issued to you as a Visa gift card or a grocery gift card. If you open a new checking account at a TCF Bank branch, they will give you a $50 gift card on the spot. If you open a new checking account online, TCF Bank will send the gift card to you in the mail.
Some important points about this promotion:
- $25 minimum to open a TCF Totally Free Checking Account
- you have to be a new customer without a TCF Checking account in the past 90 days
- the gift Card will be awarded at the time of account opening in branches or will be mailed to you in 4 weeks
Fine print:
Offer is available to individuals and small businesses without a TCF Checking account in the past 90 days. $25 minimum to open a TCF Totally Free Checking account. This is a limited time offer. TCF reserves the right to substitute a premium of equal value. Limit one card per customer. The value will be reported to the recipient as interest income on Form 1099-INT.
I will suggest you open a totally free checking account will features no minimum balance, no monthly fees and no direct deposit requirement. Plus you can get free online bill pay.
It seems TCF Bank likes to offer $50 sign up bonus for opening a new checking account. Following two posts are latest sign up bonus opportunities from TCF Bank which offers $50 gas card.
TCF Bank $50 Gift Card Promotion
$50 Gas Card from TCF Bank
Most of banks are reducing the interest rate recently. It’s really difficult to find high interest rate at big banks like Citi, Chase, HSBC and Bank of America. But there are many small banks offering rewards checking accounts with great interest rates.
AmericaNet Bank which is an online bank operated by All America Bank since 1969 (FDIC insured) is offering such a chance. AmericaNet Bank is offering 5.25% APY on its rewards checking account with account balance up to $25,000. For the balance beyond $25,000, you can still get 2.25% which is still a great rate for a checking account. Futhermore, AmericaNet Bank will refund all ATM fees worldwide as long as the following activities are met:
- 10 check card purchases per month
- receive electronic statements (online statement)
There are no minimum balance requirements and no monthly maintenance fees. Minimum initial deposit is $1. The above two banking activities must be met each month. Otherwise you can only get 0.25% APY on your account.
Features of the rewards checking account:
FREE Online Banking
FREE Checking
FREE AmericaNet Bank® VISA® CheckCard
FREE Customer Service
FREE Daily Email Notification if Overdrawn
FREE ATM Transactions Worldwide
Overdraft Privilege Available
NO MINIMUM BALANCE
AmericaNet Bank also ffers online savings account called Mega Money Market account. The APY is 3.10%. This is a great online savings account with no minimum balance requirements or monthly fees.
If you are looking for some high interest rate online banks, the AmeircaNet Bank is a great choice.
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