Author Topic: Bank account churning: how to make $1600 in a year by being organized  (Read 376899 times)

sonofsven

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1000 on: August 07, 2022, 10:56:44 AM »
Working on a new $200 for $1,000 spending in 3 months AmEx offer.
This one paid off.  AmEx was very prompt.

I've done that one, too. I just signed up for a Chase Freedom card that has a $200 bonus on only $500 spend. It will be my last Chase card til 2023.
If it wasn't for business spend I'd have a hard time filling up these spend bonuses.

giggles

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1001 on: August 10, 2022, 09:09:13 AM »
Various SoFi offers - view attachment for all options.

SoFi Checking and Savings. You’ll earn up to 1.80% APY and pay no account fees. Use my link to sign up and you’ll get a $25 bonus and up to $300 when you set up direct deposit. https://www.sofi.com/invite/money?gcp=fa9b03c7-4923-41f5-9f82-5deafb891947&isAliasGcp=false

bacchi

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1002 on: August 14, 2022, 07:45:15 PM »
I trusted the CapOne pre-approval tool and was fooled once again. Denied on their recommended card and a card with a smaller bonus. Bah! They do not like people with a lot of cards.

MasterStache

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1003 on: August 16, 2022, 05:41:15 AM »
I trusted the CapOne pre-approval tool and was fooled once again. Denied on their recommended card and a card with a smaller bonus. Bah! They do not like people with a lot of cards.

I've noticed that as well. Took over a year to finally be approved for a Cap One card for myself. I scaled back for a while on CC apps and focused on other areas.

bacchi

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1004 on: September 25, 2022, 07:55:27 PM »
I've been working the business cards lately.

The USB Triple Cash yielded $500 and then I accidentally reapplied for the BOA Biz Advantage. They let me have 2 and I received an additional $750. I'm now spending on the Ink Biz for another $750. The required spend -- $7500 -- is a heavy lift but there are some rental expenses coming up.

sonofsven

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1005 on: September 25, 2022, 09:02:11 PM »
I've been working the business cards lately.

The USB Triple Cash yielded $500 and then I accidentally reapplied for the BOA Biz Advantage. They let me have 2 and I received an additional $750. I'm now spending on the Ink Biz for another $750. The required spend -- $7500 -- is a heavy lift but there are some rental expenses coming up.

I have my eye on a $7500 spend Chase card as well, but my high (to me) business spend is slowing down for a bit, so I'm planning on opening a Gesa bank account that allows a $5,000 credit card deposit (not a cash advance) as an opening deposit. I've been holding out hopefully, waiting for Gesa to offer a SUB on their end. The $2500 spend I can handle.
I'm doing a Bank of the West checking SUB now, and got a BotW credit card mailer: $200 on $1000 spend so I put my yearly contractor insurance bill on there and made an easy $200. 0% for 12 months as well.
To think, years ago I used to pay the insurance co $5/mo to pay on their installment plan.

MasterStache

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1006 on: October 26, 2022, 06:07:53 AM »
I've been working the business cards lately.

The USB Triple Cash yielded $500 and then I accidentally reapplied for the BOA Biz Advantage. They let me have 2 and I received an additional $750. I'm now spending on the Ink Biz for another $750. The required spend -- $7500 -- is a heavy lift but there are some rental expenses coming up.

I have my eye on a $7500 spend Chase card as well, but my high (to me) business spend is slowing down for a bit, so I'm planning on opening a Gesa bank account that allows a $5,000 credit card deposit (not a cash advance) as an opening deposit. I've been holding out hopefully, waiting for Gesa to offer a SUB on their end. The $2500 spend I can handle.
I'm doing a Bank of the West checking SUB now, and got a BotW credit card mailer: $200 on $1000 spend so I put my yearly contractor insurance bill on there and made an easy $200. 0% for 12 months as well.
To think, years ago I used to pay the insurance co $5/mo to pay on their installment plan.

Between myself and P2 I've opened 6 Biz Cards in a 6 month span all US Bank and BofA cards. Approved for every one of them.

Just applied and approved for the Chase Ink Unlimited with a 90,000 UR bonus on only $6K in spend with no annual fee. Not sure it was supposed to be a public link but I used it and they approved me. That's a heck of a deal. 

We are both back below 5/24 but still not quite sure what personal cards we want to start applying for. Have to figure out future travel plans first.

sonofsven

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1007 on: October 26, 2022, 06:50:23 AM »
I've been working the business cards lately.

The USB Triple Cash yielded $500 and then I accidentally reapplied for the BOA Biz Advantage. They let me have 2 and I received an additional $750. I'm now spending on the Ink Biz for another $750. The required spend -- $7500 -- is a heavy lift but there are some rental expenses coming up.

I have my eye on a $7500 spend Chase card as well, but my high (to me) business spend is slowing down for a bit, so I'm planning on opening a Gesa bank account that allows a $5,000 credit card deposit (not a cash advance) as an opening deposit. I've been holding out hopefully, waiting for Gesa to offer a SUB on their end. The $2500 spend I can handle.
I'm doing a Bank of the West checking SUB now, and got a BotW credit card mailer: $200 on $1000 spend so I put my yearly contractor insurance bill on there and made an easy $200. 0% for 12 months as well.
To think, years ago I used to pay the insurance co $5/mo to pay on their installment plan.

Between myself and P2 I've opened 6 Biz Cards in a 6 month span all US Bank and BofA cards. Approved for every one of them.

Just applied and approved for the Chase Ink Unlimited with a 90,000 UR bonus on only $6K in spend with no annual fee. Not sure it was supposed to be a public link but I used it and they approved me. That's a heck of a deal. 

We are both back below 5/24 but still not quite sure what personal cards we want to start applying for. Have to figure out future travel plans first.

Good for you, that's a good bonus!
I got denied for the Chase biz card I was referring to for being 6/24  I thought that the business cards didn't adhere to the 5/24 wording but this one did.
I opened a US Bank triple cash business card ($500/$4500 spend) and a Sofi ($200/$1500 spend). The Sofi pays 3% cashback if you have a dd into your Sofi checking/savings; right now I'm pushing fake dd's to Sofi to see what works.
I'm doing more bank bonuses: Live Oak, Upgrade, and Chase are in my sights.

chasesfish

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1008 on: October 26, 2022, 07:14:57 AM »
What Bank of America business card are you picking up?

I just finished the US Bank $750 bonus for $7,500 in spend.  That was a nice pickup

NotJen

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1009 on: October 26, 2022, 07:38:44 AM »
I got denied for the Chase biz card I was referring to for being 6/24  I thought that the business cards didn't adhere to the 5/24 wording but this one did.

Chase biz cards still fall under the 5/24 rule when you apply for them, BUT already issued biz cards that don't show up on your personal credit report don't count against your 5/24 status.

MasterStache

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1010 on: October 26, 2022, 07:49:49 AM »
I've been working the business cards lately.

The USB Triple Cash yielded $500 and then I accidentally reapplied for the BOA Biz Advantage. They let me have 2 and I received an additional $750. I'm now spending on the Ink Biz for another $750. The required spend -- $7500 -- is a heavy lift but there are some rental expenses coming up.

I have my eye on a $7500 spend Chase card as well, but my high (to me) business spend is slowing down for a bit, so I'm planning on opening a Gesa bank account that allows a $5,000 credit card deposit (not a cash advance) as an opening deposit. I've been holding out hopefully, waiting for Gesa to offer a SUB on their end. The $2500 spend I can handle.
I'm doing a Bank of the West checking SUB now, and got a BotW credit card mailer: $200 on $1000 spend so I put my yearly contractor insurance bill on there and made an easy $200. 0% for 12 months as well.
To think, years ago I used to pay the insurance co $5/mo to pay on their installment plan.

Between myself and P2 I've opened 6 Biz Cards in a 6 month span all US Bank and BofA cards. Approved for every one of them.

Just applied and approved for the Chase Ink Unlimited with a 90,000 UR bonus on only $6K in spend with no annual fee. Not sure it was supposed to be a public link but I used it and they approved me. That's a heck of a deal. 

We are both back below 5/24 but still not quite sure what personal cards we want to start applying for. Have to figure out future travel plans first.

Good for you, that's a good bonus!
I got denied for the Chase biz card I was referring to for being 6/24  I thought that the business cards didn't adhere to the 5/24 wording but this one did.
I opened a US Bank triple cash business card ($500/$4500 spend) and a Sofi ($200/$1500 spend). The Sofi pays 3% cashback if you have a dd into your Sofi checking/savings; right now I'm pushing fake dd's to Sofi to see what works.
I'm doing more bank bonuses: Live Oak, Upgrade, and Chase are in my sights.

Wise worked for me for SoFi fake DD earlier this year.

MasterStache

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1011 on: October 26, 2022, 07:54:05 AM »
What Bank of America business card are you picking up?

I just finished the US Bank $750 bonus for $7,500 in spend.  That was a nice pickup

Unlimited Cash Rewards. $500 bonus for $5K in spend. No AF and 0% APR for first 9 months.

sonofsven

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1012 on: October 26, 2022, 09:25:08 AM »
I've been working the business cards lately.

The USB Triple Cash yielded $500 and then I accidentally reapplied for the BOA Biz Advantage. They let me have 2 and I received an additional $750. I'm now spending on the Ink Biz for another $750. The required spend -- $7500 -- is a heavy lift but there are some rental expenses coming up.

I have my eye on a $7500 spend Chase card as well, but my high (to me) business spend is slowing down for a bit, so I'm planning on opening a Gesa bank account that allows a $5,000 credit card deposit (not a cash advance) as an opening deposit. I've been holding out hopefully, waiting for Gesa to offer a SUB on their end. The $2500 spend I can handle.
I'm doing a Bank of the West checking SUB now, and got a BotW credit card mailer: $200 on $1000 spend so I put my yearly contractor insurance bill on there and made an easy $200. 0% for 12 months as well.
To think, years ago I used to pay the insurance co $5/mo to pay on their installment plan.

Between myself and P2 I've opened 6 Biz Cards in a 6 month span all US Bank and BofA cards. Approved for every one of them.

Just applied and approved for the Chase Ink Unlimited with a 90,000 UR bonus on only $6K in spend with no annual fee. Not sure it was supposed to be a public link but I used it and they approved me. That's a heck of a deal. 

We are both back below 5/24 but still not quite sure what personal cards we want to start applying for. Have to figure out future travel plans first.

Good for you, that's a good bonus!
I got denied for the Chase biz card I was referring to for being 6/24  I thought that the business cards didn't adhere to the 5/24 wording but this one did.
I opened a US Bank triple cash business card ($500/$4500 spend) and a Sofi ($200/$1500 spend). The Sofi pays 3% cashback if you have a dd into your Sofi checking/savings; right now I'm pushing fake dd's to Sofi to see what works.
I'm doing more bank bonuses: Live Oak, Upgrade, and Chase are in my sights.

Wise worked for me for SoFi fake DD earlier this year.
Thanks. Astra worked for me this summer for the Sofi checking/savings bonus when I named the Astra routine "payroll".
I did an unnamed Astra push last week that didn't work, I'm trying another, this time with "payroll".

sonofsven

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1013 on: October 26, 2022, 09:32:42 AM »
I got denied for the Chase biz card I was referring to for being 6/24  I thought that the business cards didn't adhere to the 5/24 wording but this one did.

Chase biz cards still fall under the 5/24 rule when you apply for them, BUT already issued biz cards that don't show up on your personal credit report don't count against your 5/24 status.
Yes, too much fine print, and not enough reading :-(

chasesfish

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1014 on: October 26, 2022, 09:48:51 AM »
@MasterStache - Do you have a link?  I'm not finding a $500 offer in my searches

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jim555

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1016 on: October 30, 2022, 06:18:34 PM »
Citi Self Invest has one, seems like these are getting less generous.
------------------------------
Fund a new or existing Citi Self Invest Account between 9/1/22 – 1/31/23.

New-To-Citi Funding Cash Bonus
$10,000 - $49,999 $100
$50,000 - $199,999 $200
$200,000 or more $500

https://online.citi.com/US/ag/assets/wealth/citi-self-invest/CSI%20Offer%20Terms%20&%20Conditions.pdf?intc=citi~citi-self-invest-marketing~sticky-nav~csi-cash-bonus~learn-more

sonofsven

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1017 on: November 02, 2022, 08:09:08 AM »
I've been working the business cards lately.

The USB Triple Cash yielded $500 and then I accidentally reapplied for the BOA Biz Advantage. They let me have 2 and I received an additional $750. I'm now spending on the Ink Biz for another $750. The required spend -- $7500 -- is a heavy lift but there are some rental expenses coming up.

I have my eye on a $7500 spend Chase card as well, but my high (to me) business spend is slowing down for a bit, so I'm planning on opening a Gesa bank account that allows a $5,000 credit card deposit (not a cash advance) as an opening deposit. I've been holding out hopefully, waiting for Gesa to offer a SUB on their end. The $2500 spend I can handle.
I'm doing a Bank of the West checking SUB now, and got a BotW credit card mailer: $200 on $1000 spend so I put my yearly contractor insurance bill on there and made an easy $200. 0% for 12 months as well.
To think, years ago I used to pay the insurance co $5/mo to pay on their installment plan.

Between myself and P2 I've opened 6 Biz Cards in a 6 month span all US Bank and BofA cards. Approved for every one of them.

Just applied and approved for the Chase Ink Unlimited with a 90,000 UR bonus on only $6K in spend with no annual fee. Not sure it was supposed to be a public link but I used it and they approved me. That's a heck of a deal. 

We are both back below 5/24 but still not quite sure what personal cards we want to start applying for. Have to figure out future travel plans first.

Good for you, that's a good bonus!
I got denied for the Chase biz card I was referring to for being 6/24  I thought that the business cards didn't adhere to the 5/24 wording but this one did.
I opened a US Bank triple cash business card ($500/$4500 spend) and a Sofi ($200/$1500 spend). The Sofi pays 3% cashback if you have a dd into your Sofi checking/savings; right now I'm pushing fake dd's to Sofi to see what works.
I'm doing more bank bonuses: Live Oak, Upgrade, and Chase are in my sights.

Wise worked for me for SoFi fake DD earlier this year.
Thanks. Astra worked for me this summer for the Sofi checking/savings bonus when I named the Astra routine "payroll".
I did an unnamed Astra push last week that didn't work, I'm trying another, this time with "payroll".

It looks like naming the Astra routine "payroll" worked to trigger the dd requirements @ sofi.

MasterStache

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1018 on: November 07, 2022, 04:54:24 PM »
FYI the Chase Ink Biz bonus has a publicly available offer for the $900 bonus with only $6K in spend. Also available via referral.

kindoflost

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1019 on: November 30, 2022, 07:45:09 AM »
Hello,
This one was super easy to do: https://www.fidelity.com/go/special-offer/holiday
Deposit $50 to get a $150 bonus.
Merry Christmas

Dicey

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1020 on: November 30, 2022, 08:10:52 AM »
Hello,
This one was super easy to do: https://www.fidelity.com/go/special-offer/holiday
Deposit $50 to get a $150 bonus.
Merry Christmas
Thank you!

sonofsven

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1021 on: November 30, 2022, 08:19:52 AM »
Hello,
This one was super easy to do: https://www.fidelity.com/go/special-offer/holiday
Deposit $50 to get a $150 bonus.
Merry Christmas
Unfortunately, not open to those who received the previous $50 for $100 bonus :-(
I've been getting denied for new cc's so I'm doing mostly bank bonuses for now.
Working on:
Bank of the West ($250)
Live Oak ($300)
BECU ($100)
PNC ($200)
PSECU ($250)
Banner ($200)
Stash ($110)
Axos (brokerage) ($200)
Kabbage (business line of credit) ($250)
Alliant ($100)
Sofi Invest ($150)
Also Laurel Road, even though the $300 paid off I'm still auto depositing $2500 per month (and taking it out a week later) for $20/mo

tj

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1022 on: November 30, 2022, 09:09:37 AM »
Hello,
This one was super easy to do: https://www.fidelity.com/go/special-offer/holiday
Deposit $50 to get a $150 bonus.
Merry Christmas
Unfortunately, not open to those who received the previous $50 for $100 bonus :-(
I've been getting denied for new cc's so I'm doing mostly bank bonuses for now.
Working on:
Bank of the West ($250)
Live Oak ($300)
BECU ($100)
PNC ($200)
PSECU ($250)
Banner ($200)
Stash ($110)
Axos (brokerage) ($200)
Kabbage (business line of credit) ($250)
Alliant ($100)
Sofi Invest ($150)
Also Laurel Road, even though the $300 paid off I'm still auto depositing $2500 per month (and taking it out a week later) for $20/mo

If it lets you apply, youy'll get it. People are getting error messages if they got the prior bonus in the past 12 months.

sonofsven

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1023 on: November 30, 2022, 09:32:22 AM »
Hello,
This one was super easy to do: https://www.fidelity.com/go/special-offer/holiday
Deposit $50 to get a $150 bonus.
Merry Christmas
Unfortunately, not open to those who received the previous $50 for $100 bonus :-(
I've been getting denied for new cc's so I'm doing mostly bank bonuses for now.
Working on:
Bank of the West ($250)
Live Oak ($300)
BECU ($100)
PNC ($200)
PSECU ($250)
Banner ($200)
Stash ($110)
Axos (brokerage) ($200)
Kabbage (business line of credit) ($250)
Alliant ($100)
Sofi Invest ($150)
Also Laurel Road, even though the $300 paid off I'm still auto depositing $2500 per month (and taking it out a week later) for $20/mo

If it lets you apply, youy'll get it. People are getting error messages if they got the prior bonus in the past 12 months.
Thanks, I'll try it tomorrow. Previous Fidelity bonus posted 11/30/21

Rusted Rose

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1024 on: December 01, 2022, 06:20:13 PM »
Hello,
This one was super easy to do: https://www.fidelity.com/go/special-offer/holiday
Deposit $50 to get a $150 bonus.
Merry Christmas
Unfortunately, not open to those who received the previous $50 for $100 bonus :-(
I've been getting denied for new cc's so I'm doing mostly bank bonuses for now.
Working on:
Bank of the West ($250)
Live Oak ($300)
BECU ($100)
PNC ($200)
PSECU ($250)
Banner ($200)
Stash ($110)
Axos (brokerage) ($200)
Kabbage (business line of credit) ($250)
Alliant ($100)
Sofi Invest ($150)
Also Laurel Road, even though the $300 paid off I'm still auto depositing $2500 per month (and taking it out a week later) for $20/mo

If it lets you apply, youy'll get it. People are getting error messages if they got the prior bonus in the past 12 months.
Thanks, I'll try it tomorrow. Previous Fidelity bonus posted 11/30/21

Thanks for mentioning this, @kindoflost ! I did it last year, apparently early enough that this version went through juuust fine. :D

PS, for anyone who doesn't know, you can have more than one Cash Management account, although I have no clue what the max is. So I'm at 2 now. I might try closing the first and adding back next year.

Rusted Rose

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1025 on: December 01, 2022, 06:36:46 PM »
Also Laurel Road, even though the $300 paid off I'm still auto depositing $2500 per month (and taking it out a week later) for $20/mo

Laurel Road is also in my sights.

I usually triangulate to avoid scrutiny of takeouts, involving a third account that I then route to a DD pusher and so forth. Which might be overkill ... Do you bother with anything like that for them?
« Last Edit: December 01, 2022, 06:38:23 PM by Rusted Rose »

sonofsven

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1026 on: December 01, 2022, 07:07:43 PM »
Also Laurel Road, even though the $300 paid off I'm still auto depositing $2500 per month (and taking it out a week later) for $20/mo

Laurel Road is also in my sights.

I usually triangulate to avoid scrutiny of takeouts, involving a third account that I then route to a DD pusher and so forth. Which might be overkill ... Do you bother with anything like that for them?

With Laurel Road I'm just pushing directly from Discover, which is my main hub account right now, and it's working fine. $2500 to LR, a week later $2500 back to Discover, and $20 posts the first of the following month.
 I've been using the Astra app for spoofing some of the more difficult direct deposits, but they are discontinuing the app soon so I'll be looking for another.

Hello,
This one was super easy to do: https://www.fidelity.com/go/special-offer/holiday
Deposit $50 to get a $150 bonus.
Merry Christmas
Unfortunately, not open to those who received the previous $50 for $100 bonus :-(
I've been getting denied for new cc's so I'm doing mostly bank bonuses for now.
Working on:
Bank of the West ($250)
Live Oak ($300)
BECU ($100)
PNC ($200)
PSECU ($250)
Banner ($200)
Stash ($110)
Axos (brokerage) ($200)
Kabbage (business line of credit) ($250)
Alliant ($100)
Sofi Invest ($150)
Also Laurel Road, even though the $300 paid off I'm still auto depositing $2500 per month (and taking it out a week later) for $20/mo

If it lets you apply, youy'll get it. People are getting error messages if they got the prior bonus in the past 12 months.

Thanks for the heads up, it worked!
I closed my previous Fidelity account (probably didn't have to) and opened a new account 12/1/22, a year and a day after last years bonus. $150 pending. It's important to keep good records in this game!

Rusted Rose

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1027 on: December 01, 2022, 07:49:24 PM »
Also Laurel Road, even though the $300 paid off I'm still auto depositing $2500 per month (and taking it out a week later) for $20/mo

Laurel Road is also in my sights.

I usually triangulate to avoid scrutiny of takeouts, involving a third account that I then route to a DD pusher and so forth. Which might be overkill ... Do you bother with anything like that for them?

With Laurel Road I'm just pushing directly from Discover, which is my main hub account right now, and it's working fine. $2500 to LR, a week later $2500 back to Discover, and $20 posts the first of the following month.
 I've been using the Astra app for spoofing some of the more difficult direct deposits, but they are discontinuing the app soon so I'll be looking for another.

Yep I tend to use Chase. So, pushing back to Disc out of LR?

I could probably cut out the middleman on this, though it's not like it's a huge pain.

Thanks! :)

sonofsven

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1028 on: December 02, 2022, 05:31:33 AM »
Also Laurel Road, even though the $300 paid off I'm still auto depositing $2500 per month (and taking it out a week later) for $20/mo

Laurel Road is also in my sights.

I usually triangulate to avoid scrutiny of takeouts, involving a third account that I then route to a DD pusher and so forth. Which might be overkill ... Do you bother with anything like that for them?

With Laurel Road I'm just pushing directly from Discover, which is my main hub account right now, and it's working fine. $2500 to LR, a week later $2500 back to Discover, and $20 posts the first of the following month.
 I've been using the Astra app for spoofing some of the more difficult direct deposits, but they are discontinuing the app soon so I'll be looking for another.

Yep I tend to use Chase. So, pushing back to Disc out of LR?

I could probably cut out the middleman on this, though it's not like it's a huge pain.

Thanks! :)
I'm using Discover to push funds and to pull back funds from Laurel Road. I have, I think, 14 accounts (and counting) linked in my Discover transfer portal. The only downside I've found to Discover is they limit you to six transactions per month, which I routinely exceed, so far so good, but if they ever push back on this I'll have to find a new hub.

Rusted Rose

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1029 on: December 02, 2022, 08:39:55 AM »
The only downside I've found to Discover is they limit you to six transactions per month, which I routinely exceed, so far so good, but if they ever push back on this I'll have to find a new hub.

Haha, interesting. Will keep them in mind if I need to add a reliable hub. Have a card with them but that's it at the moment.

Thanks again for the info. :)

jim555

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1030 on: December 02, 2022, 08:47:11 AM »
Last day on the Fidelity deposit $50 get $150 offer.

https://www.fidelity.com/go/special-offer/holiday

tj

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1031 on: December 16, 2022, 01:32:24 PM »
I got an email about Fidelity Bloom now being available for Android, so I'm doing that offer too. Easy $$$.

almost

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1032 on: December 20, 2022, 02:56:12 PM »
I'm working on the Chase Ink business signup bonus of $6,000.  The card is in my wife's name.  I was hoping to open several bank accounts in both of our names and fund them with the card to help us get to $6,000.  Opening and funding bank accounts with a credit card works smoothly if the cardholder's name matches the name of the bank account applicant.

I tried opening a bank account in my name and funding it with the credit card in my wife's name, and got denied first try.  The bank told me it was because the names didn't match.  I thought this might happen but would like to know if it's a standard practice.  If it matters, the application was through a local credit union.

Has anyone had luck funding accounts with a credit card name that doesn't match the applicant's name on the bank account?  TIA

tj

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1033 on: December 20, 2022, 03:07:49 PM »
I'm working on the Chase Ink business signup bonus of $6,000.  The card is in my wife's name.  I was hoping to open several bank accounts in both of our names and fund them with the card to help us get to $6,000.  Opening and funding bank accounts with a credit card works smoothly if the cardholder's name matches the name of the bank account applicant.

I tried opening a bank account in my name and funding it with the credit card in my wife's name, and got denied first try.  The bank told me it was because the names didn't match.  I thought this might happen but would like to know if it's a standard practice.  If it matters, the application was through a local credit union.

Has anyone had luck funding accounts with a credit card name that doesn't match the applicant's name on the bank account?  TIA

I wouldn't count on being able to do that.  It makes sense that they would decline it if it does not match.

dandarc

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1034 on: December 20, 2022, 03:08:49 PM »
Isn't that considered a cash advance?

almost

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1035 on: December 20, 2022, 03:17:50 PM »
Isn't that considered a cash advance?

For some credit cards you can set the cash advance at $0 or some other low threshold.  If the bank codes the funding as a cash advance then the credit card transaction will be denied.  It's easy to set the cash advance limit over the phone or secure message with chase credit cards.

dandarc

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1036 on: December 20, 2022, 03:21:21 PM »
Ah - I see. So the limit prevents you from finding out the hard way that it was coded as such. Suppose also relying on Chase not re-classifying it, but that's probably a pretty safe bet.

MasterStache

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1037 on: December 22, 2022, 06:26:01 AM »
I'm working on the Chase Ink business signup bonus of $6,000.  The card is in my wife's name.  I was hoping to open several bank accounts in both of our names and fund them with the card to help us get to $6,000.  Opening and funding bank accounts with a credit card works smoothly if the cardholder's name matches the name of the bank account applicant.

I tried opening a bank account in my name and funding it with the credit card in my wife's name, and got denied first try.  The bank told me it was because the names didn't match.  I thought this might happen but would like to know if it's a standard practice.  If it matters, the application was through a local credit union.

Has anyone had luck funding accounts with a credit card name that doesn't match the applicant's name on the bank account?  TIA
@almost

Haven't tried so no DPs from me.

Just responding to let you know I was able to open (via referral as I am out of the area) a Star One Credit Union account and successfully funded $1K with Chase Ink card. Good easy way to knock out some required spending for free. Also get a $200 bonus just by opening the account. Bonus post like a day or two after account opening.
« Last Edit: December 22, 2022, 06:31:15 AM by MasterStache »

jim555

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1038 on: December 22, 2022, 07:09:40 AM »
tastyworks

Tiered Opening Promotion 2022

Deposit from September 12th, 2022, to March 31st, 2023

Deposit          Bonus
$5,000-$24,999    $100
$25,000-$99,999    $500
$100,000+            $2,000

Must maintain account for a 12 month hold.
Awarded cash generally gets delivered to an account 1-4 business days after the initial deposit settles. 

https://support.tastyworks.com/support/solutions/articles/43000678965-tiered-opening-promotion-2022

Michael in ABQ

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1039 on: December 22, 2022, 07:11:51 AM »
Trying my hand at this with the Wells Fargo $325 checking bonus. Being self-employed I can change my payroll deposits with just a few clicks in our payroll software.

almost

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1040 on: December 23, 2022, 04:12:05 PM »
@MasterStache

Thanks - I'll give that one a try.

chasesfish

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1041 on: December 23, 2022, 05:31:18 PM »
Anyone else working the Amex Business 60k MR offer?

The amount of verification they are going through for a checking account is wild.  Tax return transcripts, copies of existing business account statements.  They'll loan me $25,000+ but are putting me through the ringer for the pleasure of keeping 5k in deposits.

Dicey

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1042 on: December 24, 2022, 09:53:43 AM »
Anyone else working the Amex Business 60k MR offer?

The amount of verification they are going through for a checking account is wild.  Tax return transcripts, copies of existing business account statements.  They'll loan me $25,000+ but are putting me through the ringer for the pleasure of keeping 5k in deposits.
Hmmm, conventional wisdom is to avoid any activity of this type whilst in the escrow process. Have you closed yet?

chasesfish

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1043 on: December 24, 2022, 10:27:31 AM »
@Dicey Closed and bought the house w/o a loan.

I'm sure a bunch of address changes for the year is causing the flags

Dicey

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1044 on: December 24, 2022, 11:38:47 PM »
@Dicey Closed and bought the house w/o a loan.

I'm sure a bunch of address changes for the year is causing the flags
Congratulations on the closing!

bacchi

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1045 on: December 25, 2022, 09:05:52 AM »
@Dicey Closed and bought the house w/o a loan.

I'm sure a bunch of address changes for the year is causing the flags

Somewhat related, P2 opened the Fidelity account for $150 (the one kindoflost mentioned above). A lot of paperwork had to be sent because other accounts, including a trust, were incorrectly opened with P2's social security number. P2 has never had a Fidelity account.

Not a peep has been heard from the IRS over the years. Either the income was reported, and the IRS didn't care about the wrong number, or the IRS is really overwhelmed.
« Last Edit: December 25, 2022, 09:51:34 AM by bacchi »

sonofsven

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1046 on: December 26, 2022, 08:35:37 AM »
Completed the Schwab Starter Kit $101 bonus ($50 deposit).
Schwab auto bought ten dollar fractional shares in five stocks as part of the starter kit, I immediately sold them and made 66 cents.
My first day trade = profit ;-)

ender

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1047 on: December 29, 2022, 11:40:57 AM »
I am so ready for Chase to give up their lock on my money so I can move it all to Ally for 3.3% interest again :)

tj

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1048 on: December 29, 2022, 12:00:51 PM »
tastyworks

Tiered Opening Promotion 2022

Deposit from September 12th, 2022, to March 31st, 2023

Deposit          Bonus
$5,000-$24,999    $100
$25,000-$99,999    $500
$100,000+            $2,000

Must maintain account for a 12 month hold.
Awarded cash generally gets delivered to an account 1-4 business days after the initial deposit settles.

https://support.tastyworks.com/support/solutions/articles/43000678965-tiered-opening-promotion-2022

This makes me regret doing the earlier promotion of getting 100 free shares of stock. I'm pretty sure I won't be eligible to double dip.

tj

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Re: Bank account churning: how to make $1600 in a year by being organized
« Reply #1049 on: December 29, 2022, 12:02:08 PM »
I am so ready for Chase to give up their lock on my money so I can move it all to Ally for 3.3% interest again :)

I'm using Fidelity's SPRXX at 4.15% for my cash stash :)

 

Wow, a phone plan for fifteen bucks!