Bank Deals, Checking Accounts, Misc. Deals

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PNC Bank $100 reward

Category: Bank Deals, Checking Accounts, Misc. Deals- fhuff- 7:27 pm/ August 23, 2011

Open a Virtual Wallet at PNC Bank and you could earn a $100 reward. The offer is good through Sept. 30, 2011. You can open a Virtual Wallet online or ask to receive a coupon that can be redeemed at a local branch. To receive the reward you must make qualifying direct deposits totaling at least $750 and 10 purchases with a PNC Visa Check Card within 60 days of opening the account. Other details of the offer include:

  • You must open a Performance, Performance Select or Performance Spend checking account
  • Credit card cash advance transfers and transfers from one account to another do not qualify for reward
  • Deposits made at a branch or ATM do not qualify for reward
  • Only new PNC Bank checking account customers are eligible for reward
  • Only one reward per customer
  • ATM fees at banks other than PNC Bank are reimbursed
  • Free mobile banking services

You must be a resident of one of the following states to be eligible for the PNC Bank promotion: Delaware, Florida, Illinois, Indiana, Kentucky, Maryland, Michigan, Missouri, New Jersey, Ohio, Pennsylvania, Virginia, Wisconsin and the District of Columbia.

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Open a Valley National Bank checking account and you could earn up to $150 in cash bonuses. Setting up a checking account requires a minimum deposit of $100. You’ll receive a cash bonus of $75 after signing up for mobile banking. Another $75 bonus will be credited to your account when you sign up for monthly direct deposit or enroll in online banking and complete three merchant bill payments. Other details of the offer include:

  • Account is free for a year
  • First order of checks is free
  • Free online statements, mobile banking, debit card and banking by phone
  • Funds deposited must be from another institution
  • Insured by the Federal Deposit Insurance Corp. (FDIC)

All requirements must be met within 60 days of opening a checking account to qualify for the cash rewards. Once requirements are met the cash rewards will be credited within 90 days of the account being opened.

Only new checking account customers can qualify for the cash rewards. The offer is limited to one per customer and two per household. Accounts that qualify for the offer are the Perfect Checking, Student Reward Checking, Basic Consumer, Senior Citizen Checking and NOW Checking. Valley National Bank is based in Wayne, N.J.

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The U.S. Department of the Treasury said it will no longer sell paper savings bonds through financial institutions such as banks and credit unions as of Jan. 1, 2012. The move is part of the Treasury’s goal to increase electronic transactions with citizens and businesses and will save taxpayers about $70 million over the first five years.

Series EE and I savings bonds will still be available for purchase TreasuryDirect, which has offered savings bonds since 2002. “Savings bonds are very much a part of this country’s history and culture, and will remain a part of America’s future - but in electronic form,” said Public Debt Commissioner Van Zeck. “It’s time for us to take a 1935 model and make it a 21st century investment tool.”

It is free to open an account at TreasuryDirect. Services offered through the site include:

  • Buy, manage and redeem savings bonds
  • Convert paper Series EE and I savings bonds to electronic form
  • Purchase savings bonds as gifts
  • Enroll in a payroll savings plan for purchasing bonds
  • Invest in other Treasury securities, such as notes, bills and TIPs

If you still have paper savings bonds you can continue to redeem them at financial institutions.

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ING Direct Independence Day specials

Category: Bank Deals, Misc. Deals- fhuff- 7:44 am/ July 1, 2011

ING Direct is offering some special deals to celebrate Independence Day. The deals can help you save money but are only good until tomorrow, July 2, at 11:59 p.m. ET.

Open an Electric Orange checking account and you could earn a cash bonus up to $126 dollars. You must make three purchases using an Electric Orange Card of Person2Person Payments within 45 days to receive a $50 bonus. The bonus will automaticaly be deposited on Aug. 21. You could earn another $76 for setting up and making two direct deposits of at least $250 each by Aug. 31. If you meet the qualifications, the $76 bonus will be deposited into your account on Sept. 8. The checking account has no monthly or overdraft fees.

Other offers at ING Direct include:

  • Earn a $76 bonus for opening a Sharebuilder investment account
  • Get up to $1,776 off closing costs when you apply for a mortgage
  • Get a $76 bonus for opening a savings IRA with at least $1,000
  • Get a $76 bonus for referring two friends who successfully open an account; each friends earns $25
  • Get 17.76 percent off purchases at shopingdirect.com when using coupon code 1776

Accounts at ING Direct are insured by the Federal Deposit Insurance Corp.

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Are checking account promotions worth it?

Category: Bank Deals, Misc. Deals- fhuff- 11:01 am/ June 2, 2011

You’ve probably seen banks advertising various promotions for opening a checking account and wondered if it was worth it? Depending upon the type of promotion offered and the strings attached some of these promotions are definitely worth a look.

Generally, checking account promotions involve some sort of giveaway: cash, points, airline miles or electronics such as iPods. Most banks restrict bonuses to new customers, who then have to meet specific requirements to claim the loot. Among the restrictions could be maintaining a minimum daily balance, making a certain number of withdrawals with an ATM card or setting up recurring direct deposit of your paycheck.

You also may encounter promotional interest rates that last for a period of time. The fine print of such offers generally indicate that rates are variable and may be subject to change. If you’re looking for this type of deal, try to find checking accounts that tell you how long the promotional rate will last. Always find out what the rate will be after the promotional period ends and what type of monthly fees are involved.

Some banks also offer promotions for people who hold more than one account with them. Do your homework to find the right products and services for your needs instead of rushing into something just for a free toaster.

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