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Bank of the West free $100 w/ DD Archived From: Finance

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alert mods    

I saw this in the local newspaper tonight. I haven't called to confirm that the online application is valid for the $100 vs B&M, and I don't know if this is national, so please report back.

Promotion link

Apply Online here

Terms:
* Open any new personal checking account, establish a monthly direct deposit of at least $250 to your new account and receive a $100 bonus. The first recurring direct deposit must be posted to your account within 60 calendar days of your account opening date. Bonus will be credited to your account within 60 days after satisfaction of conditions. Offer valid for a new personal checking account opened from 4/27–6/19/09 with $100 or more from a financial institution other than Bank of the West. Offer subject to change without prior notice and may be terminated or extended based on response. Offer does not apply to second or multiple checking accounts and/or existing checking customers. Limit of one $100 bonus per household per calendar year. To the extent required by law, Bank of the West will report the value of the offer to the IRS on Form 1099. Any applicable taxes are the responsibility of the account holder. All accounts are subject to the Banks standard terms and conditions and fee schedule. Discounts on loan rates with automatic payment from a qualifying checking account. Loans subject to credit approval.

† If Online Banking is accessed through any personal financial management software, a standard monthly service charge will apply. Free online Bill Pay available only on personal accounts.


Some have reported not seeing the $100 bonus mentioned during the internet application process. (last page of fee disclossure) As always YMMV but one person received verbal confirmation by calling Call (800) 488-2265 (option 8)

Soft inquiry at Trans Union
CHEXSYSTEMS/BK OF THE WE
401 LENNON LANE
WALNUT CREEK, CA 94587
(925) 942-8371

Step by Step
1 www.bankofthewest.com/BOW/home
2 click Checking link at top left
3 click Free checking
4 click Apply online near the middle of page
5 fill form for name id info
6 (OPTIONAL) Call (800) 488-2265 (option 8) confirmed with rep the promotion is still in effect.
7 Application Decision
8 Incomplete Application .... Thank you for applying for an account with Bank of the West. Your application is incomplete at this time. Please keep the Application ID# for your records, and use it to complete your application at a later time. Please use the Application ID # 24099999 to reference this application.
9 To complete the process click "Next Step".
10 not subject to withholding & signature page
11 Fund account electronically.
12 initiate trial deposits verify trial deposits
13 print and fax signature page
14 Finished

Hard pull - NO
Close account within 91 days of acount opening- $25 fee
Bonus to be paid: With 60 days of meeting offer requirements

YMMV: Bonus MAY be only paid for accounts opened in branch - online account openings MAY not be eligible to receive bonus.

Message edited by: jackcrawfish on 2009-06-10 09:45:01 CDT
alert mods    

does anyone know if they do a hard pull for new accounts?


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Applied online -- no instant approval. Will report back later. From their fee schedule: Early Closure (if account is closed less than 91 days after it is opened): 25.00 per account


alert mods    

Hard pull i suspect....

By continuing with this application, you agree that the information provided in this application is true and correct and you authorize the Bank of the West to verify any of the information you have provided and to obtain credit reports or make other inquiries with any governmental or consumer reporting agency.


alert mods    

hard pull is not good


alert mods    

No hard pull for me when I opened an acct a few months ago for a different promo. It took some arguing to get the bonus, though.


alert mods    

Does this bank allow to login & see your accounts instantly or you have to wait for a welcome pack in mail...? Thanks in advance for your help.


alert mods    

kjgco said:No hard pull for me when I opened an acct a few months ago for a different promo. It took some arguing to get the bonus, though.

did you open it online or in branch?


alert mods    

treasurebeacon said:kjgco said:No hard pull for me when I opened an acct a few months ago for a different promo. It took some arguing to get the bonus, though.

did you open it online or in branch?
In branch; they took care of the login setup as well.


alert mods    

kjgco said:treasurebeacon said:kjgco said:No hard pull for me when I opened an acct a few months ago for a different promo. It took some arguing to get the bonus, though.

did you open it online or in branch?
In branch; they took care of the login setup as well.

thanks, will give it a go tomorrow


alert mods    

anyone knows if they do credit card funding?


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catbertsf said:anyone knows if they do credit card funding? Not online -- they allowed ACH, check mail-in, check drop-off at branch. May or may not be different if you open in branch.


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I am opening this ac Online. I have saved the application but not yet submitted. Thats why worried about the time it takes for Online access.


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crovax4444 said:Terms:
If Online Banking is accessed through any personal financial management software, a standard monthly service charge will apply.

Is this normal?


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ThursdaysChild said:crovax4444 said:Terms:
If Online Banking is accessed through any personal financial management software, a standard monthly service charge will apply.

Is this normal?

Some places like to skim off some fees for provided Quicken / MS Money / whatever other money management program files. I don't believe this has anything to do with your normal ability ot access the bank through a standard web browser.


alert mods    

My online application was cancelled and they told me to resubmit. They sent me a new link that doesn't refer to the $100 bonus. This is the new link:

No mention of bonus

Update: using the new link the application went through and was approved. This is my first account with BOW, so I'll be looking for the link to my other account (trial deposits) and see if the bonus is credited.


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IrishTomBunny said:My online application was cancelled and they told me to resubmit. They sent me a new link that doesn't refer to the $100 bonus. This is the new link:

No mention of bonus

Exact same thing happened to me. They had already withdrawn the initial deposit, saying it will be re-deposited in my old bank account.


alert mods    

why can't you use the old link to apply again?


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harmons7 said:IrishTomBunny said:My online application was cancelled and they told me to resubmit. They sent me a new link that doesn't refer to the $100 bonus. This is the new link:

No mention of bonus


Exact same thing happened to me. They had already withdrawn the initial deposit, saying it will be re-deposited in my old bank account.

They didn't withdraw the money from my account. I provided them with the r/n and account number, but the funds are still there. I used a different account for the new app.


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