hope redneck and others will not lower their rates. It would keep west bank from getting new depositors.

JYX said:I am curious how you guys transferred your money to WestBank, check or ACH?

I plan on sending them an online bill-pay check from another bank. I'll probably send them a small paper check deposit (like $10 dollars) when I send in the signature card.

JYX said:I am curious how you guys transferred your money to WestBank, check or ACH?

opening deposit, check, min $100

after that, ACH push from another bank

beethovengirl said:Maybe I'm being cynical, but I think that requiring that 12 or more Non-PIN debit card transactions must POST to your account on or before the fourth Tuesday of the month is almost designed for failure. That means the March cycle runs from 3/1-3/24. Since 3/1 was a Sunday, technically any purchase made starting on 2/28 would count too (probably 2/27 also). However, I think it is no accident that they picked Tuesday. I did a bunch of POS transactions last weekend, and about half of them posted on Wednesday! So basically, to absolutely ensure you got in your 12 transactions by 3/24, the last day you could do them is Friday 3/20. That is an absurdly short qualification period and highly likely to trip up a lot of people.

There is no rhyme or reason to when my transactions post -- some even post the same day I do them.

I'm still considering this account though...I think that I could handle keeping track of 3 reward checking accounts (which is why I'm interested in $50K cap accounts), and I'd just have to make sure I finish this one off the first week of every month. [I get the impression that glxpass is juggling dozens of reward checking accounts...I'm a total amateur here ]

Good research, thanks. If true, this is not necessarily bad news for the detail oriented. Imagine that if less accounts qualify, the more the rate might last. Of course, this is selfish thinking, but at the same time could increase the life of the 5%.

beethovengirl said:Maybe I'm being cynical, but I think that requiring that 12 or more Non-PIN debit card transactions must POST to your account on or before the fourth Tuesday of the month is almost designed for failure. That means the March cycle runs from 3/1-3/24. Since 3/1 was a Sunday, technically any purchase made starting on 2/28 would count too (probably 2/27 also). However, I think it is no accident that they picked Tuesday. I did a bunch of POS transactions last weekend, and about half of them posted on Wednesday! So basically, to absolutely ensure you got in your 12 transactions by 3/24, the last day you could do them is Friday 3/20. That is an absurdly short qualification period and highly likely to trip up a lot of people.

There is no rhyme or reason to when my transactions post -- some even post the same day I do them.

I'm still considering this account though...I think that I could handle keeping track of 3 reward checking accounts (which is why I'm interested in $50K cap accounts), and I'd just have to make sure I finish this one off the first week of every month. [I get the impression that glxpass is juggling dozens of reward checking accounts...I'm a total amateur here ]

Be cautious when translating "the Tuesday immediately preceding the 4th Wednesday of each month" (quote from Westbank's FAQ) into "the fourth Tuesday of the month" in the post. This is usually true but there may be exceptions. For example, for April 2009, "the Tuesday immediately preceding the 4th Wednesday of each month" is 04/21/2009, while "the fourth Tuesday of the month" is 04/28/2009. This will make a lot of difference

to prevent any error on your or their part, complete everything by the 15th of each month.

collinong said:so, do transactions between the cutoff date and the first of the next month not count at all towards the requirements?

they count

collinong said:flyingtwopigs said:collinong said:so, do transactions between the cutoff date and the first of the next month not count at all towards the requirements?

they count

so they count towards the next months requirements?

also, does anybody have the monthly interest rate (not the APY) to calculate how much interest will be deposited each month? What day do they deposit the interest?

1. yes

2. Current Interest Rate: 4.8900%

3. 03/25/2009 INTEREST the day after the cutoff date

thanks for all the answers so far. I got my first Reward Notification email from them but was wondering if there is any way to check your status during the month to see which transactions are qualifying for the debit card and ACH deposit/debit requirements?

The types of transactions I'm wondering about are:
- ACH push transfers from GMAC bank or Citibank
- Payment pulls for chase credit cards
- Mortgage payment from WaMu.

Also, has anybody had any experience sending in misc checks to them for deposit? E.g. rebates, personal payment checks, etc. Do they process them quickly and reliably? For my first deposit, they held it for 9 days but hopefully that was a first time thing, correct?

Does anyone know if this is 1 per person or 1 per household?