WaMu just offered me $100
Results 1 to 14 of 14
  1. #1
    Registered User madhen's Avatar
    Join Date
    Feb 2006
    Location
    California
    Posts
    17,692
    Post Thanks / WTG / Hug
    Blog Entries
    428
    Rep Power
    97

    Default WaMu just offered me $100

    I tend to be a pretty cynical person, but I have to admit that I can't find the catch. I have a Chase cc, and just got something in the mail today offering me $100 to open a checking account at WaMu (which recently became part of Chase). I have read the thing up and down, and all it requires is that you open a free checking account with $100. Approximately 12 weeks later, they transfer an additional $100 to your account. I suspect it is an attempt to get banking customers, especially those with decent credit histories, but $100?? I am still suspicious, but I might just have to give it a try.

    Anyone else get this offer? See any catches to it?
    DH aka Mad Hen
    (http://mad-hen-creations.blogspot.com/)

    Every time you spend money, you're casting a vote for the kind of world you want. Anna Lappe

  2. #2
    Registered User Iansmommy's Avatar
    Join Date
    Oct 2007
    Posts
    287
    Post Thanks / WTG / Hug
    Rep Power
    14

    Default

    I got it in the mail as well. I read it really quick and saved it to look at it further.

  3. #3
    Registered User
    Join Date
    Nov 2008
    Location
    MI
    Posts
    44
    Post Thanks / WTG / Hug
    Rep Power
    0

    Default

    I haven't gotten one for WaMu. I don't think their in our area, but we have gotten them for Chase itself for $125, but the require a set up for a direct deposit of a paycheck or something. That way they make sure it's being used and not just sitting there. I used to work for a bank that offered these to their new mortgage customers to get their business. We deposited the money right away, but if they closed it within 6 months they owed us the money back. Most everyone would take the money out and come back 6 months later and close it. I think they are wising up and having people set up direct deposit so that they will be used and people will switch banks. Check the fine print to make sure you don't have to set up a direct deposit if you're not seriously going to switch your accounts.

  4. Remove Advertisements
    FrugalVillage.com
    Advertisements
     

  5. #4
    Registered User madhen's Avatar
    Join Date
    Feb 2006
    Location
    California
    Posts
    17,692
    Post Thanks / WTG / Hug
    Blog Entries
    428
    Rep Power
    97

    Default

    I've read it about three times now, and nothing about direct deposit. Maybe the whole "wait 12 weeks" before they deposit the $100 is to keep you keeping your money in there. But for that matter, there is nothing about keeping the $100 in there, once you open the account. Just that you have to open it with the $100 and that you can't use a cash advance from your cc to do it.
    DH aka Mad Hen
    (http://mad-hen-creations.blogspot.com/)

    Every time you spend money, you're casting a vote for the kind of world you want. Anna Lappe

  6. #5
    Registered User
    Join Date
    May 2008
    Location
    Oregon
    Posts
    163
    Post Thanks / WTG / Hug
    Rep Power
    13

    Default

    Federal bailout dollars at work.

  7. #6
    Registered User dcompton's Avatar
    Join Date
    Feb 2006
    Location
    Louisiana
    Posts
    7,610
    Post Thanks / WTG / Hug
    Blog Entries
    12
    Rep Power
    42

    Default

    Call the bank if you have questions. I held out on Chase - it's such a pain to change banks - but when they upped the enticement to $100 several years ago, I did it. I do have direct deposit however. I've also done it once with a savings account with Chase, and left it open about a year before I closed it. It may be quite legit, but ask questions first.

  8. #7
    Registered User FrugalMomof3's Avatar
    Join Date
    Jan 2006
    Location
    Northern NJ - PBurg
    Age
    48
    Posts
    9,379
    Post Thanks / WTG / Hug
    Rep Power
    28

    Default

    I would call them but it may be true, CitiBank had a similar offer that after 3 months after opening a savings acct, if it was still in good standing they would put 50 into that account and they did as promised.
    Last edited by FrugalMomof3; 12-13-2008 at 09:24 AM.

  9. #8
    Registered User psyklon's Avatar
    Join Date
    Dec 2007
    Location
    Olympia, WA
    Posts
    13
    Post Thanks / WTG / Hug
    Rep Power
    0

    Default

    I was offered the same deal through Bank of America a year ago. There was no catch: I followed through on my end and got the $100 then closed my account with no problem immediately thereafter. A quick and easy $100, no strings attached.

  10. #9
    Registered User madhen's Avatar
    Join Date
    Feb 2006
    Location
    California
    Posts
    17,692
    Post Thanks / WTG / Hug
    Blog Entries
    428
    Rep Power
    97

    Default

    I have until 1/24 to take them up on it. I may swing by a branch after Christmas as see what is what.
    DH aka Mad Hen
    (http://mad-hen-creations.blogspot.com/)

    Every time you spend money, you're casting a vote for the kind of world you want. Anna Lappe

  11. #10
    Registered User fizzie's Avatar
    Join Date
    May 2007
    Location
    CA
    Posts
    125
    Post Thanks / WTG / Hug
    Rep Power
    14

    Default

    So I did this. The only hooks were that the bonus will show in 10-12 weeks and when I tried to do it online, I never saw a place to enter the coupon code--I called and they told me to take the coupon to a local branch. A little inconvenient, but hey it's a hundred bucks!

  12. #11
    Registered User phoeny_moonstar's Avatar
    Join Date
    Oct 2008
    Location
    Des Moines, Iowa
    Posts
    660
    Post Thanks / WTG / Hug
    Blog Entries
    22
    Rep Power
    15

    Default

    Defintely check through this all before you switch banks. You never know what little things might be hiding in those contracts. *sigh*

  13. #12
    Registered User Sonnenwende's Avatar
    Join Date
    Apr 2008
    Location
    Left Coast
    Posts
    271
    Post Thanks / WTG / Hug
    Rep Power
    13

    Default

    I've gotten similar mail, but there is no way I am going to switch away from my credit union for my brick and mortar.

  14. #13
    Registered User thehughughes's Avatar
    Join Date
    Apr 2008
    Location
    southwest, Idaho
    Age
    46
    Posts
    134
    Post Thanks / WTG / Hug
    Rep Power
    13

    Default

    I noticed in December several bank were doing this. I am already with wamu and have been for ten years. I really had no problems. But now they are with Chase which I do not like at this time so I will be watching for another offer and switching banks. Those offers are usually leigit, but read them carfully. They just want your account. Thats why they wait 3 months to apply their money they hope you are comfortable enough to keep the account.

  15. #14
    Registered User gardening momma's Avatar
    Join Date
    Dec 2008
    Location
    Ohio
    Posts
    138
    Post Thanks / WTG / Hug
    Rep Power
    13

    Default

    We had an offer recently to open a savings account with ING Direct, and get $50. We needed a savings account anyway (no EF), so we did it (online). No direct deposit required. It is linked to our bank's checking account so we can transfer funds. There's no ATM access, so this is about the only way to deposit. There was a minimum initial deposit of $25. We received our $50 as soon as our deposit went through.

Similar Threads

  1. My ex offered...
    By inneedofhope in forum Single Moms
    Replies: 8
    Last Post: 06-10-2008, 01:55 PM
  2. Dh just got offered a job!!!!!
    By YankeeMom in forum General Chat
    Replies: 36
    Last Post: 01-11-2006, 07:18 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •