Harris Bank up to $250 checking bonus (essentially ~$150)

Open a Harris Interest-Checking Account with Direct Deposit or online bill pay and get $100 in cash and $100 in dining savings.
Add Auto Save and get an additional $50 in cash.

link

Account openings are subject to approval. All overdraft protection lines of credit, credit cards and loans are subject to credit approval and underwriting guidelines. To qualify for the Harris Extras® offers, a Harris personal checking account is required and must be maintained. Offers cannot be combined with any other offer for the same product. Harris reserves the right to amend or cancel any part of these offers.

*Offer effective as of September 28, 2009, and is subject to change without notice. Checking offer applies to new personal Interest-Checking Accounts opened between September 28, 2009 and November 30, 2009. In order to receive the cash incentive, one of the following requirements must be met: a) the checking account must have a recurring (monthly) direct deposit within 90 days of account opening or b) the presence of at least five online bill payment transactions within 60 days of account opening. This offer cannot be combined with any other offer and can be withdrawn at any time without notice. Limit one offer per household. $100 cash will be deposited into your new Harris personal Interest-Checking Account approximately 120 days after account opening and will be reported as interest income on IRS form 1099 INT. New checking account must remain in good standing in order to receive offer.

**$100 in Dining Dough will be awarded at the time of account opening. Limit one $100 in Dining Dough per household. Dining Dough promotional certificates are issued by restaurant.com ("RDC") and may be redeemed solely for merchandise offered through www.diningdough.com. Dining Dough promotional certificates have no cash value and may not be redeemed for cash at any time. Dining Dough promotional certificates are not valid for prior purchases. The products available through www.diningdough.com are subject to change without prior notice. RDC restaurant-specific certificates come primarily in $25 denominations. Only one (1) restaurant-specific certificate may be used per restaurant visit. Upon redemption of a Dining Dough promotional certificate for a restaurant certificate, all rules and limitations of the participating restaurant (which may include minimum purchase requirements) apply. RDC, Harris N.A. and its affiliates ("Harris") do not guarantee that a particular merchant will be available at all times and are not responsible for restaurants that go out of business or change their location(s). The restaurant locations listed on the website are listed as a guide only, and RDC and Harris do not guarantee the accuracy of this information. RDC and Harris do not assume responsibility or liability for the actions, product or content of any restaurant. RDC and Harris are not responsible for lost or stolen Dining Dough promotional certificates or reference numbers. Dining Dough promotional certificates have no value except when used in accordance with the Terms and Conditions. You, and any other user of Dining Dough certificates, discharge and hold harmless RDC, Harris and its employees, officers and directors from all claims, damages, expenses and inconvenience, including but not limited to physical injury arising out of participation in Dining Dough. The value of the incentive(s) will be reported on IRS form 1099 INT as interest.

***$50 will be deposited into your savings account after Auto Save feature is activated and will be reported as interest income on IRS form 1099 INT. To qualify for this offer, you need a personal Harris savings account or Harris Money Market Account and the Auto Save option. Minimum opening balances are required. Certain terms and conditions apply. Limit three per household, with savings accounts titled in different names. New checking account must remain open and in good standing in order to receive the offer.

1 Receive 0.25% bonus over Harris’ Annual Percentage Yield (APY) in effect on the date the CD is opened. Offer applies to all non-IRA CDs and IRA CDs with terms 12 months or greater. Personal accounts only. No brokered deposits. Minimum opening deposit and new money requirements may apply. Standard APYs will apply upon renewal provided minimum balance requirements are maintained. Online account opening limitations apply. Early withdrawal penalties may apply.

2 A Harris ATM Transaction is a deposit, withdrawal, transfer or balance inquiry at an ATM owned or operated by Harris, or branded with the Harris name and/or logo. When you use an ATM not owned or operated by us you may be charged a fee by the ATM operator or any network used. And you may be charged a fee for a balance inquiry even if you do not complete a funds transfer.

3 For information about the rates, fees, other costs and benefits associated with the use of these credit cards, call 1-800-545-7899 for MasterCard 1-800-446-5551 for American Express , or visit harrisbank.com. These credit card programs are issued and administered by FIA Card Services, N.A. MasterCard is a registered trademark of MasterCard International Incorporated and is used by the issuer pursuant to license. American Express is a federally registered service mark of American Express and is used by the issuer pursuant to license.

4 No maintenance or transaction fees for account holders with a combined total of $20,000 or more in any qualifying Harris deposit accounts (Checking, Savings, Money Market, CD, IRA). See definition of Relationship Depositor, click here. Other miscellaneous fees still apply, click here.

5 Click here for information on other fees.

6 Click here for information about Interest Rates and Calculations on deposit accounts.

7 Owners or operators of Non-Harris ATMs may charge for the use of their ATMs. See definition of a Non-Harris ATM Transaction, click here.

Harris N.A. received the highest numerical score in a tie among retail banks in the Midwest (IL, OH, IN, MO, WI, MN, MI, IA) region in the proprietary J.D. Power and Associates 2009 Retail Banking Satisfaction StudySM. Study based on a total of 28,570 responses measuring 21 providers in the region and measures opinions of consumers with their primary banking provider. Proprietary study results are based on experiences and perceptions of consumers surveyed in January 2009. Your experiences may vary. Visit jdpower.com.

MasterCard and the MasterCard Brand Mark are trademarks of MasterCard International Incorporated. Harris® is a trade name used by Harris N.A. and its affiliates. Member FDIC

Well, it's not really $250. The "dining dough" website looks like a sister site of restaurant.com, where you can buy $25 certificates for $2 all the time...So the deal is really worth $158 - still not bad though.

**$100 in Dining Dough will be awarded at the time of account opening. Limit one $100 in Dining Dough per household. Dining Dough promotional certificates are issued by restaurant.com ("RDC") and may be redeemed solely for merchandise offered through www.diningdough.com. Dining Dough promotional certificates have no cash value and may not be redeemed for cash at any time. Dining Dough promotional certificates are not valid for prior purchases. The products available through www.diningdough.com are subject to change without prior notice. RDC restaurant-specific certificates come primarily in $25 denominations. Only one (1) restaurant-specific certificate may be used per restaurant visit. Upon redemption of a Dining Dough promotional certificate for a restaurant certificate, all rules and limitations of the participating restaurant (which may include minimum purchase requirements) apply. RDC, Harris N.A. and its affiliates ("Harris") do not guarantee that a particular merchant will be available at all times and are not responsible for restaurants that go out of business or change their location(s). The restaurant locations listed on the website are listed as a guide only, and RDC and Harris do not guarantee the accuracy of this information. RDC and Harris do not assume responsibility or liability for the actions, product or content of any restaurant. RDC and Harris are not responsible for lost or stolen Dining Dough promotional certificates or reference numbers. Dining Dough promotional certificates have no value except when used in accordance with the Terms and Conditions. You, and any other user of Dining Dough certificates, discharge and hold harmless RDC, Harris and its employees, officers and directors from all claims, damages, expenses and inconvenience, including but not limited to physical injury arising out of participation in Dining Dough. The value of the incentive(s) will be reported on IRS form 1099 INT as interest.

Any ideas on how this will work? I'm assuming they are just going to issue a 1099 for 250 in one fell swoop, but can you issue a 1099 for something with no cash value?

I finally got through... "conditionally approved". I don't have any credit monitoring so I won't be able to tell if this post an INQ. Over $100 bonus makes an INQ worthwhile for me.

jolapo said: pthor1231 said: Any ideas on how this will work? I'm assuming they are just going to issue a 1099 for 250 in one fell swoop, but can you issue a 1099 for something with no cash value?

Looks like they are going to do that. $100 restaurant.com != $100. They are just coupons. This is bad.

Just because someone gives you a 1099 doesn't mean you have to pay taxes for that amount. If you don't use the coupons, you received nothing of value... and thus received no income. Don't include it on your 1040, and IF you get audited, be prepared to either show the 1099 amount was wrong... or demonstrate a more appropriate value.

VerbalK said: jolapo said: pthor1231 said: Any ideas on how this will work? I'm assuming they are just going to issue a 1099 for 250 in one fell swoop, but can you issue a 1099 for something with no cash value?

Looks like they are going to do that. $100 restaurant.com != $100. They are just coupons. This is bad.


Just because someone gives you a 1099 doesn't mean you have to pay taxes for that amount. If you don't use the coupons, you received nothing of value... and thus received no income. Don't include it on your 1040, and IF you get audited, be prepared to either show the 1099 amount was wrong... or demonstrate a more appropriate value.

Are you sure ? I have seen threads here for example on "winners" of airline tickets getting huge amounts reported based on highest retail value of tickets such that taxes woudl be way more than normal economy ticket making it a woerthless prize and giving up on them.

Just wanted to double check to see if there's a promo code for the offer (I know its optional but wanted to make sure before I applied)

Just applied- conditionally approved as well. Too bad they send you all the paperwork in the mail instead of allowing you to download and print...

Hard or Soft?

mgood said: Minimum opening deposit: $100
Monthly maintenance fee:4 No fee with Direct Deposit or Average Daily Balance of $2,000, otherwise $15.


$25 fee if closed less than 90 days

Are most people opening account with Direct Deposit? It seems if I were to open with Bill Pay requirement, I'll be charge maintenance fee if I don't keep more than $2,000.

fatbill said: Thanks OP. Credit card funding, but limited to $100 max for each account.

Is it treated as a purchase?

VerbalK said: depreshun said: fatbill said: Thanks OP. Credit card funding, but limited to $100 max for each account.


Is it treated as a purchase?


Just out of curiousity, how many times has any deposit account funding via credit card resulted in it NOT being treated as a purchase? I think we've reached the point where we can just assume it will.

That works for me! However, I will point out that there was mention in a thread of someone getting hit with cash advance fee not too long ago.

depreshun said: VerbalK said: depreshun said: fatbill said: Thanks OP. Credit card funding, but limited to $100 max for each account.

Is it treated as a purchase?

Just out of curiousity, how many times has any deposit account funding via credit card resulted in it NOT being treated as a purchase? I think we've reached the point where we can just assume it will.

That works for me! However, I will point out that there was mention in a thread of someone getting hit with cash advance fee not too long ago.

I was hit with a cash advance fee of $10 when opening a BotS RC acct with funding from Schwab Visa.

TDSAX said: If you set your cash advance limit at $0 you can avoid the risk of having a funding transaction treated as a cash advance. Worst case scenario; it won't go through and you'll have to fund another way.
How do you set your cash advance limit? Is it possible to set such a limit?

AugustFour said: TDSAX said: If you set your cash advance limit at $0 you can avoid the risk of having a funding transaction treated as a cash advance. Worst case scenario; it won't go through and you'll have to fund another way.
How do you set your cash advance limit? Is it possible to set such a limit?

I called Schwab Visa and they said it was impossible to set cash advance limit to $0. Someone in another thread said that this was because it is a "signature Visa". Apparently you can set cash advance limit to $0 for other kinds of CCs.

I have called credit card companies in the past and had my CA limit lowered to $250 (Before funding a new bank account with $500-$1000 via CC). Not sure if you can get it all the way down to $0.

Did they hit you with a hard pull?

jatan1986 said: Just applied and was conditionally approved -- will wait and see (saved a PDF of the promo page, I can head over to a local branch if theres a problem with the bonus being paid later on)

Interest Checking + Statement Savings, funded $100 each with CC

Alrdy pulled my credit report earlier today so I'll pull again tomorrow to see if they did a hard inquiry

Sorry guys for not getting back -- still havent seen a hard pull on my CR (I pull once a day with CCT)

viptext said: These credit monitoring services have some delay, unlike you directly get a report from one of the 3 bureaus.
jatan1986 said: Sorry guys for not getting back -- still havent seen a hard pull on my CR (I pull once a day with CCT)I applied for the Charter One/Citizens Bank bonus that same day and the hard pull for that alrdy showed up the next day on CCT

Since I applied Friday evening, not sure if Harris bank's system automatically creates the account that same day or if they need a manual approval -- I'll report back later if a hard pull does show up

With one of my credit cards I have a line of ~$30,000 for both cash and credit. In a recent attempt with this CC and a new bank account, a funding of ~$8K went through as "a purchase." I am now contemplating a funding of a separate bank account for the full amount of $30K. The bank I am dealing with has approved funding for this amount in a new account. $30K is a far cry from $8K. Do you guys think the CC company will allow this transaction go though without contacting me for further details regarding the "purchase"? Or, they just would let it go through automatically (like last time)? I am basically duplicating my last successful attempt on a larger scale.

jackcrawfish said: for those of you receiving the $100 bonus in April, when were your accounts opened/funded? Was it in Novemeber?/////

If so, those of us opening accounts in February 2010 will have to wait until August 2010...Yes, the bonus I received in April was from an account opened in November. The $50 savings bonus posted about a month earlier if I remember correctly. I have since closed the account via a snail mail request.