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Archive for the ‘“Free” Money’ Category

Free Money: Citibank Checking Acct Sign-up

Posted by jenwae on December 18, 2007

Fancy having $200 put into your wallet for free? Just open a regular Citibank checking account. Yes, it’s that easy.

Walk into a Citibank financial center, or call 1-866-810-9043 to talk to a representative, and mention the promotion code MVS4.

The features:
Non-interest bearing checking account
Promotion expires 29 Feb 2008
Fund with an initial $100
No account fee if you:
(1) do 2 bill pay every month  -OR-
(2) direct depost -OR-
(3) maintain a daily combined average balance of $1500 (in any of the linked account, including the checking account)

Basically, this is a the Citibank EZ checking account which you can apply anytime but without the $200 bonus. So if you are thinking of doing so, why not grab the free money as well?

Your account will be credited with $100 after the first 3 months of direct deposit or bill pay, and the other $100 after 3 more months of direct deposit or bill pay. In other words, you will get the full $200 after 6 consecutive direct deposit or bill pay. Remember, if you choose the bill pay, it must be 2 bill pay a month.

If it seems a lot of work, it’s really not. If you are currently employed, more likely that not, you already have direct deposit setup with another bank. Just go to your HR department, and put in a request to have another line of direct deposit for the new Citibank checking account. For example, if your paycheck of $1000 is direct deposit into Bank A, you can split it up to $900 for Bank A and $100 for Citibank.

If bill pay seems less work, that’s fine too. You can use the online bill pay to pay anything, even your gardener or a friend you owed money. There’s no minimum amount for the bill pay, so you can have a $5 bill pay to, let’s say your wife, and another $10 to your Macy credit card. That’s already 2 bill pay you satisfy.

You will be asked some pertinent personal information during the call. A welcome starter kit will follow in a few days, and then you can start the funding via ACH (eletronic external transfer from another bank account). A $1.50 charge will be imposed on each non-Citibank ATM withdrawals.

 This is by far the best deal I’ve come across. It’s a $200 bait, but a good one without any catch.


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Free Money: E*Trade Online Savings Acct Sign-up

Posted by jenwae on December 13, 2007

etrade1.gifGo grab this free $25 bonus when you sign up for the online savings account from E-trade. It’s free money literally credited within 30 days of opening your new account. The features:

APY = 5.05%
Minimum in account (to avoid fees) = $1
Maximum 6 outbound transfers in a calendar month
Must be new account funded with new money
Interest earned credited every month end
Online-statement only
Promotion ends 31 Dec 2007

It takes just a couple of minutes to fill in the form online, and create a username and password. Typical personal information required. Choose the account type (Complete Savings). You can fund your new account via electronic transfer (ACH) from your external banking accounts, or wire transfer or a check. It is best to do the ACH for convenience. The last step is to specify your funding amount of $1 or more!

It’s that easy, no frills and $25 for…hmmm…10 minutes clicking and typing. Although E*Trade has been hard hit by the credit crunch crisis, your money is safe and FDIC-insured up to $100,000.

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