Good evening everyone. There is no hiding my love for bank account bonuses. Doctor of Credit got me hooked and there is no cure (except more
cowbell bank account bonuses). I recently shared my experience with US Bank’s checking and savings account bonuses and I just received my $300 bonus for my Chase Total Checking account bonus (read about the sign up bonus at Doctor of Credit).
Some people are not interested in bank account bonuses (I wasn’t either, not even after Doctor of Credit did a guest post for me back in March 2014). It took me a while to warm up to the idea, but I have embraced bank account bonuses with open arms. Every time I mention bank account bonuses, I always hear about the dreaded 1099-INT tax forms, but I will gladly pay tax on my bank account bonuses, since I still come out way ahead at the end of the day.
Here are some of my recent bank account bonuses:
- US Bank Gold Checking – $125 bonus
- Discover Checking – $50 bonus
- US Bank START Saving – $50 Visa Gift Card bonus
- Chase Total Checking – $300 bonus
Here are the bank account bonuses that I am still waiting to post:
- Citi Gold Interest Checking – 40,000 Citi Thank You Points bonus
- Provident Credit Union Super Rewards Checking – $150 bonus
- Bank of America Core Checking – 25,000 Alaska Airlines miles
Here are the bank account bonuses that I have my eye on but have not applied for yet:
- BMO Harris Select Checking – $200 bonus
- Bank of America Business Advantage Checking – $1,000 bonus
- PNC Performance Select Checking – $400 bonus (DOC’s post isn’t live right now, but I will link to it tomorrow morning)
Anyway, here are a few important things I have learned since embarking on this bank account bonus sign up binge. With my recent Provident Credit Union Super Rewards Checking account, I needed to get 1 direct deposit of $500, make 10 debit card transactions (non-ATM), and enroll in e-documents. Enrolling in e-documents was easy and so were the other 2 requirements.
Most banks and credit unions have a peer-2-peer money transfer service. One of the more popular services available is called Pop Money. You can transfer money from your bank account to another person, all you need is their email address. You can also enter the other person’s routing and account number to have the funds directly deposited into their account. Since I have a Citigold Checking and US Bank Gold Checking account, I can send a Pop Money payment to another account, even if that account is owned by the same person. Most of these transfers count/post as a direct deposit.
For the 10 debit card transactions, I decided to add my Provident Credit Union debit card to my Redbird account. Once added and verified by the Redcard Account Protection Department, I used my debit card to add funds to my Redbird card, up to $200 per day. The nice thing is that you can make several transactions on the same day, as long as the total loaded is less than $200. I did half the reloads on 8/25 and the other half on 8/26, so I am not sure why all the transactions show up as 8/26. These reloads were all made online, not in-store.
Redbird transactions showing 4 debit card reloads on 8/25 and 6 debit card reloads on 8/26 (all from home in my pajamas). #pajamaMS
I highly recommend you check out Doctor of Credit’s bank account bonus posts, they are incredibly detailed and very easy to follow. Join me on the bank account bonus journey!
If you have any questions, please leave a comment below. Have a great evening everyone!