To receive your $100 offer: 1. Fill out our application online and enter Offer Code LSP100 2. Once your new account is opened, your account will be credited $100 within 45 business days. 3. Remember to use LSP100 in the offer code field at the bottom of the application to get your offer.
1 Offer expires 4/1/05 and is available to any Bank of America checking account opened online. Offer is not eligible to be redeemed in banking centers. All accounts are subject to our normal approval process. The minimum deposit required to open a new, personal checking account online varies by account type. You will receive your $100 credit to your new checking account within 45 business days of opening your new personal checking account online. Limit one $100 incentive per household. Offer valid only for new checking accounts. The $100 will be reported to the IRS as interest income for the year in which it was deposited. Any applicable taxes are the responsibility of the account holder. Offer may be withdrawn or modified at any time without notice. For interest bearing checking accounts the Annual Percentage Yield is 0.10% on any balance and is variable. APY is accurate as of 1/26/05. The rate may change after the account is opened. Fees could reduce earnings on the account.
After applying online, you'll receive a quick response. If we require additional information to open your account, we will refer you to a banking center. You will receive your new checks and cards in the mail, typically within 7 business days.
Offer Code must be used in order to receive the premium.
shonen
Member
posted: Mar. 21, 2005 @ 1:07p
So I can open up a Student Check account online, input the code, and after 45 days, I can cancel the account and won't be hit with any penalties? Am I understanding this right?
I got $50 last week from them for an account I opened, and now another $100.
didYOUsearch
Cranky Member
posted: Mar. 21, 2005 @ 1:18p
shonen said: So I can open up a Student Check account online, input the code, and after 45 days, I can cancel the account and won't be hit with any penalties? Am I understanding this right? The FWF deal abuse train heads down the track.....
at least this should stay alive till the 4/1 expiration date
sterlingfox
Tired Member
posted: Mar. 21, 2005 @ 1:34p
$5000 minimum balance to waive the $20 monthly maintenance fee?
Unless I misread this bit of info, I'll pass
mherdegg
Senior Member
posted: Mar. 21, 2005 @ 1:38p
For a student checking account there's no maintenance fees for the first 6 months and a $4 fee each month afterward (unless a direct deposit is received to the account that month). There's a $25 minimum opening balance but no minimum afterwards. A student account also gets a "stuff happens" card which allows the student to waive one unexpected fee.
Also, "Account closing fee (if account is closed within 180 days of opening) ....................................$25.00" 180 days may be six billing cycles; if it's seven, there's the card as above.
From a different document I agreed to when signing up: "If your account reaches a zero balance, we may consider your account closed."
yhkim98
Happy Member
posted: Mar. 21, 2005 @ 1:51p
I have a dumb question on the initial deposit --- is the credit card charge regarded as a cash advance or a purchase?
yhkim98 said: I have a dumb question on the initial deposit --- is the credit card charge regarded as a cash advance or a purchase?
The online chat rep indicated that it would be considered a purchase.
mcmike522
Senior Member
posted: Mar. 21, 2005 @ 2:51p
cash advance or a purchase?
I signed for My Access Checking in late December, 2004 - my initial deposit was a $1000.00 AT&T Universal CC purchase
yhkim98
Happy Member
posted: Mar. 21, 2005 @ 3:16p
mcmike522 said: I signed for My Access Checking in late December, 2004 - my initial deposit was a CC purchase
pjhartman said: The online chat rep indicated that it would be considered a purchase
Thaks a lot, my dear fellow FWers. So the initial CC deposit of $1000 (MAX) will give me $20 cash rebate, which will make this deal even sweeter. I'm right off to open a student account.
chuleta
Senior Member
posted: Mar. 21, 2005 @ 3:29p
So what is the strategy here for a non-student to keep the smallest balance possible for the shortest possible period of time and still get a sign-up bonus (minus early closing fee?)?
didYOUsearch
Cranky Member
posted: Mar. 21, 2005 @ 3:35p
they dont check student status
mir322
Member
posted: Mar. 21, 2005 @ 3:36p
chuleta said: So what is the strategy here for a non-student to keep the smallest balance possible for the shortest possible period of time and still get a sign-up bonus (minus early closing fee?)?
Hook it up to ING Direct (which counts transfers as a DD). I'll be tranferring small amounts. The opening balance is $25.
Everyone needs to remember (or go search and learn) past history of opening accounts with credit cards. This is a huge YMMV. Some credit cards (chase and now bank one to my knowlede, probably others) treat it as a cash equivilent transaction and do not earn rewards. Other cc companies decide to treat it as a cash advance irrespective of how some csr tells you it will be treated and you are wacked with fees.
This happened when the rush to open accounts at FirstIB was taking place before they changed their policy. The credit card companies were recoding the transactions as cash advances even though First IB said they would be a purchase. Even people who set their cash advance limit to zero were getting hit because the charge would go thru then get recoded. People who tried to open multiple accounts got wacked with multiple cash advance fees and then complained. Read your terms and you will see the credit card company gets to decide, not some csr at another bank.
Furthermore, the [edit: lady] who said that an ING deposit works as a direct deposit should go read the many threads here about Presidential Bank and others where an ING deposit does NOT work as a direct depoist. I have a Bank of America account and an ING deposit is called a "ach deposit" while the direct deposit says "payroll".
Just trying to help out the newbies.
mir322
Member
posted: Mar. 21, 2005 @ 4:09p
longwood8 said: Furthermore, the guy who said that an ING deposit works as a direct deposit should go read the many threads here about Presidential Bank and others where an ING deposit does NOT work as a direct depoist. I have a Bank of America account and an ING deposit is called a "ach deposit" while the direct deposit says "payroll".
This thread details that banks that accept ING as a direct deposit, of which, is Bank of America. Longwood8 may very well be correct as to what ING is coded as when transfers are done to BofA. I, however, do not have a BofA account, and I thought that the list on the thread was correct. So, I did read the thread, but I can't confirm myself that it's correct...sorry if I misspoke. And I'm a woman, not a guy.
realculguy said: I already have a" Myaccess checking " account. Can I open a "Savings account" and still get $100 ? or should I have to open another type of checking ? "Offer expires 4/1/05 and is available to any Bank of America checking account opened online. Offer is not eligible to be redeemed in banking centers. All accounts are subject to our normal approval process. The minimum deposit required to open a new, personal checking account online varies by account type..."
turrdog
Thrifty Member
posted: Mar. 21, 2005 @ 6:18p
Could someone help me out and provide a link. Thanks.
mothra0
Happy Member
posted: Mar. 21, 2005 @ 6:34p
mcmike522 said: cash advance or a purchase?
I signed for My Access Checking in late December, 2004 - my initial deposit was a CC purchase
turrdog said: Could someone help me out and provide a link. Thanks.
Could someone in FL come over to my apt and click the link for me? ...ridiculous
Does anyone know if they ding your credit in opening this account? Do they even do a credit check? Thanks.
zc8
Senior Member - 3K
posted: Mar. 21, 2005 @ 6:55p
Will open an account with them.
turrdog
Thrifty Member
posted: Mar. 21, 2005 @ 7:02p
nm
mcmike522
Senior Member
posted: Mar. 21, 2005 @ 7:09p
Do they even do a credit check?
According to PG, they did perform a hard inquiry through Experian when I signed up in December.
They did a soft pull through TU when I opened the account.
asduncan23
Member
posted: Mar. 21, 2005 @ 7:16p
turrdog said: didYOUsearch & parquedematthew, Get off your high horses. For some reason the OP's whole post is blank for me. The first information I see is the second poster's details. So instead of wasting your time flaming me and continuing the negative trend of this site, please provide another link.
DIDyousearch posted a link LMAO.
turrdog
Thrifty Member
posted: Mar. 21, 2005 @ 7:24p
Could someone PM me the link. Maybe I'm blind but didYOUsearch's link is blank too! Mods, help me out here!!
According to PG, they did not perform a hard inquiry when I signed up in December.
They did a soft pull through TU when I opened the account.
I think you're right. I called just to verify and they claim they don't but their terms do vaguely state that they reserve the right to use your information in any way necessary to determine ones eligibility for an account. Also, to anyone who thinks they'll fund it with an AMEX card, no go - Visa and Mastercard only and YMMV on how your CC company treats the transfer.
Also, the student account is free if you follow the already mentioned terms that others have said OR it's also free if a parent already has an account with them!
lebice
Senior Member
posted: Mar. 21, 2005 @ 7:46p
open a student checking. thanks OP
pekkle
Member
posted: Mar. 21, 2005 @ 8:17p
Ditto to lebice (at least I applied for one) ...
where do you find the checking account closing fee? I scanned the Personal Fee Schedule disclosure PDF and found the stop payment fees, insufficient fund fees, non-BoA ATM usage fees, etc. ...
Thanks again!
chuleta
Senior Member
posted: Mar. 21, 2005 @ 8:21p
Please let me know if I got it right. Open a student account (CampusEdge) with $25, keep it open for 181 days, pay a monthly fee of $3.95 for the seventh month, cash out with $121.25 ($25+$100-$3.75). Am I right?
mir322
Member
posted: Mar. 21, 2005 @ 8:32p
pekkle said: Ditto to lebice (at least I applied for one) ...
where do you find the checking account closing fee? I scanned the Personal Fee Schedule disclosure PDF and found the stop payment fees, insufficient fund fees, non-BoA ATM usage fees, etc. ...
Please let me know if I got it right. Open a student account (CampusEdge) with $25, keep it open for 181 days, pay a monthly fee of $3.95 for the seventh month, cash out with $121.25 ($25+$100-$3.75). Am I right?
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