$50 for opening an account with Bank1One

[twistedlogic]

Open a free checking account with direct deposite by Jan 29, 2005 and get $50. So if you're looking for a new bank, this might be a possibility.

Must keep account for 6 months. If closed before then, bonus will be deducted. Requires a $100 minimum opening ballance. Offer not available for account conversions.

 

[ch33sehead]

so you can sign up for a free checking account (w/ Direct Deposit), initial deposit of $100, get $50 free, and then withdraw $150 and leave the bank account there doing nothing for 6 months?

 

[mineralblue]

I have gotten this offer several times in the mail as well... I have been tempted to open an account for 6 months... think of it as depositing $100 and getting back $150 6 months later... that's 150% on your investment!

 

[iammilo]

I have gotten this offer several times in the mail as well... I have been tempted to open an account for 6 months... think of it as depositing $100 and getting back $150 6 months later... that's 150% on your investment!

Actually, that would be a 50% increase in your investment.

 

[OBlachubs]

FYI I did call and speak to someone about the account. There has to be activity I believe once a month or a service fee is assessed. Also, it's a non-interest bearing account. You can open a savings account though and have money automatically forwarded to it from this checking account. Still not bad if you want to do it for 6 months and take the money and run after that. It's certainly better than any other interest bearing account.

 

[mineralblue]

Actually, that would be a 50% increase in your investment.

:banghead:

 

[alshah]

FYI I did call and speak to someone about the account. There has to be activity I believe once a month or a service fee is assessed. Also, it's a non-interest bearing account. You can open a savings account though and have money automatically forwarded to it from this checking account. Still not bad if you want to do it for 6 months and take the money and run after that. It's certainly better than any other interest bearing account.

Well its only good with a direct deposit setup, so monthly activity won't be a problem!!

 

[twistedlogic]

Well, in getting $50 while depositing $100 for six months, it is in theory a 100% anual return on your money.

However, other factors should also be considered like; going to the bank and spending an hour setting the account up; filling out the appropriate paperwork for your employer to direct deposite (if they provide that option); having to include the $50 it in taxes (if you even bother); haggling with reps over the phone trying to solve problems; closing the account at the end of the 6 month period; and whatever else you have to do to keep the offer valid.

Considering the time involved and viewing it as an hourly wage, you are actually looking at a little over $10 an hour with probably a lot more stress than you would encounter at your workplace. I would think this is a better deal for somebody looking for a new bank.

If you want a savings accounts with good interest as well as some bonus cash, IngDirect provides incentives for creating an account as well as for referring an account. It is purely an online storefront which allows it to provide 2.2% interest and it's easy to access and transfer money. Plus, there are no minimums.

Just some ideas...