Dedicated to Deposits: Deals, Data, and Discussion

$75 Bonus for ETrade's Max-Rate Checking Account

POSTED ON BY

E*TRADE Bank
ETrade Bank has just increased the sign-up bonus for its Max-Rate Checking from $25 to $75. Here's the promo page link. It must be opened by 8/31/07 to qualify for the bonus. The $75 will be credited to your Max-Rate Checking Account within 30 days of the account being funded with a minimum deposit of $100. Payments will be reported as interest income. It must be a new account opened with new funds.

As I mentioned in May, the problem with the Max-Rate checking is the fees. To avoid a $15/month fee you either need a balance of $5K, monthly direct deposit of at least $200, or a combined balance in ETrade bank or securities accounts.

A $25 bonus is still available for ETrade's Complete Savings Account (see post). The nice thing about this savings account is that it has no minimum balance requirements or monthly fees.

I've had pretty good luck with ETrade bonuses. I've received a $50 bonus for ETrade's money market account that was being offered last year and the Complete Savings Account $25 bonus earlier this year. It took a while to receive the money market bonus. I had to send them a message. But it only took a week after I sent them the message before they credited my account with the bonus.

Thanks to David who mentioned this new bonus in the comments of the finding deals post.

  Tags: E*TRADE Bank

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Comments
6 Comments.
Comment #1 by Anonymous posted on
Anonymous
Anyone know if ACH pushes from other banks will be considered Direct Deposits by ETrade, for purposes of avoiding the monthly fee?

1
Comment #2 by Anonymous posted on
Anonymous
ACH pushes initiated by yourself are not acceptable.
Must be valid institution and
verified by E*Trade. They call and make sure it is not You who sent the money from yourself to yourself.

1
Comment #3 by Anonymous posted on
Anonymous
i just hate the fact they use chexsystems...That always causes them to reject me

1
Comment #4 by Christopher (anonymous) posted on
Christopher
I just got an email this morning from them offering me the $25 bonus (I am an existing savings customer). This may be a targetted promotion and not for everyone. YMMV

1
Comment #5 by Adam (anonymous) posted on
Adam
ACH pushes initiated by yourself *ARE* acceptable and DO fulfill the DD requirement for waiving the monthly fee. I have been using this method for the past few months and it has always worked.

1
Comment #6 by Anonymous posted on
Anonymous
I went thru applic. process and then read that if you don't maintain 5000 in this acct there is monthly fee.-

1