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$150 Checking Account Bonus at Amalgamated Bank Extended

POSTED ON BY

Amalgamated Bank
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.
  Tags: New York, California, Amalgamated Bank, New Jersey, checking account

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Comments
7 comments.
Comment #1 by Anonymous posted on
Anonymous
Does anyone know if Amalgamated considers PayPal or ING as DD?

1
Comment #2 by Anonymous posted on
Anonymous
Thanks 5:11PM anon. I have been wondering what a "direct deposit" is. I am retired with no employer for direct deposit. Anyone know?

1
Comment #3 by Anonymous posted on
Anonymous
Has anyone received their bonuses for opening this account? The promo page doesn't state when they will pay the bonuses. I opened my accounts the beginning of August and have done all of the required bill pays, debit card transactions and direct deposit required to get the bonuses but have yet to receive anything.

1
Comment #4 by Anonymous posted on
Anonymous
Answers to:
"Does anyone know if Amalgamated considers PayPal or ING as DD?"

NO
_____________________________

"Thanks 5:11PM anon. I have been wondering what a "direct deposit" is. I am retired with no employer for direct deposit. Anyone know?"

WHEN YOU OR YOUR EMPLOYER SENDS MONEY VIA ACH TO YOUR DESIGNATED ACCOUNT IS CALLED: DIRECT DEPOSIT

____________________________

"Has anyone received their bonuses for opening this account? The promo page doesn't state when they will pay the bonuses. I opened my accounts the beginning of August and have done all of the required bill pays, debit card transactions and direct deposit required to get the bonuses but have yet to receive anything."

IF YOU DON'T RECEIVE IT WITHIN 90 DAYS, CALL A CSR.
___________________________

I hope this answers your questions.

1
Comment #5 by Anonymous posted on
Anonymous
Direct Deposit.

Maybe you did not know, but Social Security can Direct Deposit your Check into those Accounts.

1
Comment #6 by Anonymous posted on
Anonymous
Neither my wife nor I received a hard pull when we opened our checking and savings accounts. I contacted the bank recently, and was told the bonus will pay within 2 months or so of meeting the requirements.

1
Comment #7 by Anonymous posted on
Anonymous
The bonus has definitely been extended to 12-31-07. You can go to the bank's home page and look at the link for the promotion, and it now states good thru 12/31.

1