airattack said:How long did it take for them to call? I submitted online on Dec. 31st. in the afternoon. Still no words from them.... Thanks...

still waiting for their call...

Hello,

I have some questions and I asked these to the bank, but have not received a response. I am sure the FWers know answers to most of the ones below and will be helpful. Please respond.

1. Please define Point of Sale POS transactions i.e. if I pay for groceries using the card, would that qualify me for that month for the high rate (assuming the other 3 conditions are met)?
1a. The online FAQ / flash advertisement says that the PoS transactions are with the debit card (don't know whether PIN entry is required), while we FWers talk about 10 debit donations to different institutions. How does that help qualification since that technically it may not be involving the use of the debit card?
2. Do multiple PoS transactions at same / different store done on the same day get counted as one or multiple PoS transactions for that month? i.e. First transaction for onions, second for tomatoes etc in one grocery trip I DON"T intend on doing this, but sometimes nearly month-long international trips might make me do this...
3. How much is the charge to order checks?
4. I don't get any utility bill except my cell phone bill (I rent out a room of a house and the landlady gets the utility bills on her name). Would I still qualify? Should I ask the landlady for a receipt (I should be asking each month anyway...)
5. Quick Summary says that the bank requires the documents notorized. Does the bank pay for the notory fees (I don't think so)? Is there a possible work around the notorization requirement (hassle + time)?
6. Any educated guesses on:
6a. how long might the rate last
6b. what might the new rate be
7. Lastly, is there any referral bonus?

Bottomline is that for almost all the 10 transactions is the only main issue, while some might have queries about the notorized process for qualification.

No flames please. At least one of these question(s) would be applicable to at least one other FWer...

Regards,
PS: Happy New Year!

Still no e-mail or call so I tried to call CS this morning and get a recorded message to leave phone number for call back. The last time that I called on 12/31 I was transferred right away to a rep. hmmmm. As glxpass mentioned, how many applications did they receive? or better yet how many $$$$ did people put down for initial deposit especially given that the first statement cycle is free of requirements.

Received a call a few minutes ago from the CSR who I'd spoken with and had exchanged e-mails with earlier. She told me that she had not received my on-line application yet. Fortunately, I had saved the application to a PDF file, so I e-mailed her, attaching it. She hadn't seen my most recent e-mail to her, because she is swamped. It's possible that they are so backed up, it's taking a while to get to all the online applications. OTOH, it might not be a bad idea to have your online application available as I did and see if you can fax it or e-mail it to them -- when eventually you get in touch with a CSR. Here are some other things I confirmed:

* They indeed need a copy of your driver's license that's notarized. They in the midst of deciding this on 12/31, and that's why there was some confusion about whether or not it was required.

* Same goes for the copy of the utility bill.

* They might or might not do a hard credit pull besides using ChexSystems.

The notarization and hard-pull possibility all derive from the fact that it's the first time they're offering this product to out-of-staters, and I get the impression that they're being supercautious about dealing with people that they can't see in person.

I've never heard of having a photocopy notarized. Well, the nice notary didn't bat an eyelash when I asked him to notarize SBoT's signature slip with no document attached. On the other hand that was a signature he witnessed.

lhendricks92 said:I just got my phone call. One interesting thing to note - the CSR said the account has been available since the beginning of November. We need to step up our game, people! Can't let these deals go unnoticed for 2 months!
The account has been available, but I was told that they just decided to allow national availability. That's why the initial uncertainty about notarizations for people not applying in person; they're making up the rules as they go along.

Blech

Dear FirstNet Checking Applicant,

 

Thank you for your recent application for our new FirstNet Checking Account. We regret we cannot open your account at this time due to information received from ChexSystems, Inc., a consumer reporting agency.

 

§ Excessive Recent Inquiries

 

ChexSystems did not make the decision to disapprove your account application and is unable to provide you with the specific reasons why the decision was made.

DeGlass said:Blech

Dear FirstNet Checking Applicant,

 

Thank you for your recent application for our new FirstNet Checking Account. We regret we cannot open your account at this time due to information received from ChexSystems, Inc., a consumer reporting agency.

 

§ Excessive Recent Inquiries

 

ChexSystems did not make the decision to disapprove your account application and is unable to provide you with the specific reasons why the decision was made.

interesting, I got denied and got the same message although I open only 1-2 accounts a year. I ordered copy of my ChexSystems report to see what's going on.

No call for me yet, Maybe putting $100k as initial deposit scared em off?
My denial will probably say, Excessive Rate Wh#re

scott1961 said:No call for me yet, Maybe putting $100k as initial deposit scared em off?
My denial will probably say, Excessive Rate Wh#re
Shouldn't be. My initial deposit is more than 100K.