LaSalle Bank New Offer: $100 for opening a new checking account

LaSalle Bank which just tied a knot with BOA recently is now offering $100 for opening a new checking account.

I opened my new account just begining of October with $50 "Checkilicious Offer" and got the incentive posted last friday ....now they have $100 offer...damn!

But I guess its a time to share it with other FW members so they can get in who missed last time with even more bonus.

Click on this Link to go to LaSalle website with $100 offer

Important disclosure

The minimum balance to open a checking account to earn the $100 cash bonus is $250. To be eligible for the Bonus you are required to sign up for a LaSalle Money Card debit card and open a new Statement Savings Account with a $100 minimum opening deposit. You are also required to make a purchase with your Money Card within 60 days of account opening. Bonus will not be considered part of the new checking or savings minimum opening deposit. Bonus will be credited to the savings account within 120 days from the date of account opening provided the stated requirements have been met. Bonus is limited to one per household, may not be combined with any other offer, is not transferable, and may be considered income to you for tax purposes. Offer available for a limited time and is for new accounts only with funds not currently on deposit.

All accounts are subject to applicable terms and conditions, including but not limited to minimum balance requirements and monthly fees. Effective 10/12/07, the Annual Percentage Yields (APYs) for the Checking with Interest Account were .15% (balances of $0.01 to $2,499.99), .25% (balances of $2,500 to $24,999.99), .30% (balances of $25,000 and over). Effective 10/12/07, the APYs for the Select Services Checking Account were .20% (balances of $0.01 to $2,499.99), .35% (balances of $2,500 to $24,999.99), .40% (balances of $25,000 and over). As of 10/12/07, the annual percentage yield for a Statement Savings Account was 0.35%. The interest rates and APYs are variable and may change after the account is opened. Fees may reduce earnings. The monthly fee for falling below the minimum balance requirement on a Statement Savings Account will be waived for the first six months from the date of account opening.

Account access available at all ATMs owned and operated by LaSalle Bank and Bank of America. Access at Bank of America ATMs is limited to cash withdrawals.

MasterCard® is a registered trademark of MasterCard International Incorporated

You have to open two accounts, but otherwise should be easy to manage. It looks like opening the Convenience checking with $250 minimum balance to avoid fees and the Statement Savings also with minimum average daily balance of $250 to avoid feed is the easiest way to go. Last promotion they accepted CC's as funding, and it counted as a purchase. YMMV

Okay, I guess I erred on the side of caution. I didn't get a hard pull last time I opened an account, but it has been like 6 months.

Porqin said: You have to open two accounts, but otherwise should be easy to manage. It looks like opening the Convenience checking with $250 minimum balance to avoid fees and the Statement Savings also with minimum average daily balance of $250 to avoid feed is the easiest way to go. Last promotion they accepted CC's as funding, and it counted as a purchase. YMMV

can anyone confirm that funding with CC still counts as a purchase? and which bank was the credit card from?

cashmonkey said: Porqin: You only need $25 in the Statement Savings account (to open it) - minimum balance fee is waived for 6 months.Actually, you need to open the Savings acct with $100 (along with $250 for the checking), per the *Important disclosure tab on the offer page.

Dose anyone know what the cost to close this account? How long do you need to keep it open? Thanks

Is DD required? thanks!

Since 2 accounts have to be openeed, can you fund $1000 to both accounts?

(Citi CashRewards!)

You can fund checking account and savings account with credit card up to $1000 and considered as purchase. That's $20 bonus for a 1% CashBack CC.

Checking account: Two types of checking account. Convenience checking account requires $250 minimum balance (daily) to avoid $5 fee, but no DD required. Direct Plus Checking requires ANY amount of direct deposit to avoid $5 fee. You can switch between these one account to another by calling them.

Does anyone know if Paypal ACH push considered as DD?

I think small banks usually check DD carefully. So paypal or ing might not work.

Called. Need to open separately (2 apps) with new money.

jlgrandam said: Only Visa/MC are allowed for funding?

Credit card (don't know what types, but my MC worked) or you can send a check. I'm not sure if you can ACH from another bank, I din't ask.

AugustFour said: stsarvet said: jlgrandam said: Only Visa/MC are allowed for funding?

Credit card (don't know what types, but my MC worked) or you can send a check. I'm not sure if you can ACH from another bank, I din't ask.
did you confirm your MC worked as "purchase"?

Don't know. I called Chase. I was told that it would be posted after midnight today.

Okay guys.

They take: Mastercard / Visa / Discover.

NO AMEX!

It is A PURCHASE. . not a Cash advance(ALWAYS - DOES NOT DEPEND ON BANK!). . and if you really want to be evil .. just open every single type of account they offer w/ 1000 and then close all but the ones you need. Reap all the benefits from the 1k x 1% x # of accounts + up t 60 days float time(depending on card) of interest in your HYS.

I just signed up for an account. Hope the bonus shows up even though I am already a BofA customer. Also, how did you guys sign up for an account? I first created a convenience checking account and after I filled that out, I proceeded a new application and created a statement savings account.

I hope it goes through.

I opened just checking for now. No instant approval. I got the following at the end...is your experience the same???

Application Submitted
Thank you!
Your application has been submitted and will be processed. If additional information is needed in order to process
your application, an account opening specialist will contact you. Once your application is approved, you will receive
an account opening packet in the mail in 5 - 7 days. Once you receive this packet, your account has been opened
and deposits can be accepted.
If you have chosen to mail in your initial deposit, please make the check payable to yourself or yourself and the
joint account holder and send it to the following address:
LaSalle Bank
P.O. Box 4907
Chicago, IL 60603
ATTN: Internal Services

Porqin said: figogo said: I think small banks usually check DD carefully. So paypal or ing might not work.

You do realize LaSalle bank is owned by BOA?
And BofA counts a Paypal push as a DD.

I opened checking accounts with LaSalle back in 2/07 for the wife and I for $100 bonus for each. So they didn't hold the one per household line then. Also, closed them both without incident well before 6 mos. The $100 bonus was credited very quickly....probably a week or 10 days after opening. Not sure if things will change now that BOA is involved...notoriously slow payers. Oh and I funded both accounts with a Citi CC which showed as a purchase.

Applied for my wife yesterday on this one, thinking about one for me too, although I've done 2 or 3 other checking accounts in the last couple days...my Chex account is probably ready to explode.

I opened checking and charged $250 to my Citi CC. I am waiting for it to clear and confirm "purchase." I then plan to open the Savings and charge $1,000. It may be a few days apart. Do these accounts need to be opened at the same time, or it doesn't matter?

I applied for both accounts yesterday (10-30-07) and funded each with $1000 from Schwab card. Schwab shows a transaction date of 10-31-07 and the merchant as ABN AMRO NORTH AMERICA - CHICAGO as a purchase.

I also got the previously mentioned email and then a 2nd one a little later for both checking and savings stating:

Dear 4myfamily,

Welcome to LaSalle Bank. Your online application for a Statement
Savings account has been approved and opened. Your Welcome Kit will arrive
in the mail within 3-5 business days. Upon receipt, please sign the
enclosed signature card(s) and return it to us at your earliest
convenience.

Thank you for choosing LaSalle Bank. We look forward to serving all
of your banking needs.

LaSalle Bank N.A., LaSalle Bank Midwest N.A., Members FDIC

I called bank of america and it seems that somehow the 1099 for lasalle account did not get sent...customer service representative put in a request to send a duplicate.