Updated 10/11/07: This promotion has officially been extended to 12/31/07.
Amalgamated Bank's $150 checking account promotion has been extended to at least 9/30/07. The pdf promo page on their home page still has 8/31, but according to the banking rep's email I received today, they're extending it to at least 9/30/07. A reader reported being told that it may last through 12/31/07.
I was told in July that this is available to people in any state. Application can be done online. There have been mixed messages from the banking reps regarding if they do a hard credit pull. One reader commented that he did not receive a hard pull after he opened the checking and savings account. For more info about this promo, please refer to my July post.
This promotion does takes some work to receive the full $150 bonus:
- $75 for opening a free checking account and starting direct deposit in the first 3 months
- $25 for signing up for a debit card and making 3 purchases in the first 3 months
- $25 for enrolling in online banking and paying 3 bills online in the first 3 months
- $25 for opening a CD or a savings account
You can also open this checking account at one of their branches which are located in New York, New Jersey, Washington DC and in Pasadena, California. The bank has been FDIC insured since 1934.
Thanks to the reader who mentioned the promotion extension.