click to close
help
edit

Forums
Finance

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

  • filter:
  • Tell A Friend
  • Text Only
  • Search this Topic »
  • switch to 'Classic' view
rated:
alert mods    

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

As per trp2525:

If you've been having the problem of not having $100 bonus post even though you have met all the requirements and would like to contact the office of Ken Lewis, CEO of Bank of America, the number is 1-704-386-5687. Be courteous but be sure to explain the entirety of your ordeal since you opened your accounts. If you have the names of who you have already contacted, even better.


LaSalle Bank NA ABA #071000505

Some helpful notes:

1. Must open the two accounts, Convenience Checking and Statement Savings, in two separate applications submissions, online. This can be done back-to-back. Behind the scenes they will be linked together according to your SSN. At the time of applying you can provide credit card for initial deposit. Up to $1000 can be charged to a credit card (MC, Visa, or Discover - no AMEX) per account. Many people report that their charges are showing as purchases. As always, with this type of a charge, there is some risk of being charged as a cash equivalent,

2. Within a few minutes of submitting online, you will receive e-mails acknowledging that the applications have been received. Within a couple of hours, you get will get e-mails telling you that your accounts have been approved,

3. Within about a week, you get the following in separate envelopes: (1) an online password, (2) debit card, (3) savings deposit slips, (3) pin, (4) a welcome envelope with signature card.

In order to enroll for online banking, you can use your SSN and the online password (4 digits, just like the pin, but it says password explicitly - so don't confuse with pin) to log-on. Once logged on, you should see both of your accounts (saving, checking). You can change both your userid and password after you have successfully logged on,

There are no checks issued by default, or so has been the experience of many posters here,

4. Within a couple of days of submitting the application, you will see the charges on your credit card,

Message edited by: ShakuniMama on 2008-03-09 19:22:22 CDT
rated:
alert mods    

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

rated:
alert mods    

Thanks, OP. Did you fund that other offer with CC? If so, was it classified as a purchase? And did you get a hard pull as a result of applying?

Porqin: You only need $25(corrected: $100) in the Statement Savings account (to open it) - minimum balance fee is waived for 6 months.
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.
More details (charge schedule, etc.) are here (pdf).

Message edited by: cashmonkey on 2007-10-30 11:19:17 CDT
rated:
alert mods    

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.

rated:
alert mods    

Is this offer also open to existing customers/depositors or only new customers/depositors???

rated:
alert mods    

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?

rated:
alert mods    

Last year, I used Chase and it was a purchase.

rated:
alert mods    

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.

rated:
alert mods    

Using a cc on these is alway YMWV esp. chase (there have been multiple FW posts on problems from them)....the worst case is that they recharacherize these as cash advances...

rated:
alert mods    

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

rated:
alert mods    

Hard or soft pull?

rated:
alert mods    

Is DD required? thanks!

rated:
alert mods    

It is indeed a soft pull and you can use any credit card to fund the account, will be counted as PURCHASE. Its an easy way to make another $10 by funding the account with $1000 with a credit card which has 1% ca$hBack

rated:
alert mods    

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

(Citi CashRewards!)

rated:
alert mods    

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

(Citi CashRewards!)

That's what I'm doing. Two apps submitted today.

rated:
alert mods    

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?

rated:
alert mods    

Only Visa/MC are allowed for funding?

rated:
alert mods    

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

rated:
alert mods    

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

 Close

Sign Me In
Nickname: 
Password: 
Remember My Login Information:

Forget your login information?

Not Already A Member?
Sign Up Now!



Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.