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FirstBank Checking Promotion: iPod Touch, Kindle or Garmin Gift - CO, AZ & Part of CA Only

POSTED ON BY

FirstBank (CO)

FirstBank is offering your choice of an Apple iPod touch, an Amazon Kindle or a Garmin for opening its free checking account. The only details of this promotion are in the small print at the bottom of FirstBank Free Checking page. The requirements listed in the small print include:

  • enrolls for online banking
  • (1) a direct deposit greater than $300 posts to the account, or (2) three bill payments are made from the account to corporate entities
  • Requirements (1) and (2) above must be met within 60 days of account opening and the code will be given within 90 days of account opening

Some additional important points in the small print include:

  • Offer valid only for customers residing in Colorado, Arizona, or Riverside County, CA.
  • Direct deposit must be payroll, pension, Social Security or other government benefits.
  • Direct deposit or Bill Pay enrollment must be new to FirstBank.
  • The cost of the gift is considered interest and is subject to IRS and other tax reporting.
  • The cost of the gift is considered a bonus that can be revoked if the account is closed within six months of opening

Credit for this bonus find goes to this iBankDesign thread.

The Free Checking Account does have a few potential fees, but you should be able to avoid them:

  • If you sign up for the Optional Bill Pay service and less than three bill payments are made per month, a $5 inactivity fee will be assessed
  • Paper statements are available for a monthly fee

A reader reported in 2008 that they do a hard credit inquiry in the application process. This can temporarily ding your credit score. Another thing to be aware of is that checks are not free. I was told in 2008 that you can choose not to receive them. You may have to call and request that you don't want checks.

Branches are mostly located in Colorado. There are also branches in the Phoenix Arizona metro area and in the California cities of Palm Desert and Indio.

FirstBank has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 7.80% (excellent) based on December 2010 data. Please refer to our financial overview of FirstBank for more details. The bank has been a FDIC member since 1963 (FDIC Certificate # 18714).

Other Bank Bonuses

To find other bonus deals at other banks and credit unions, please refer to the bank bonus page which has all of my recent bank bonus blog posts. There are also additional bonuses listed in the checking account deals forum.

  Tags: California, Colorado, Arizona, checking account, FirstBank (CO)

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Comments
7 comments.
Comment #1 by Anonymous posted on
Anonymous
FirstBank is a great bank.  Very customer friendly.

2
Comment #2 by VJ (anonymous) posted on
VJ
I went in to a local FirstBank location last weekend to open a checking account. I was told that in order to qualify for this promotion I would have to open a savings account as well with a minimum balance of $100.

2
Comment #3 by Anonymous posted on
Anonymous
According to the promotional details, you do NOT need to open a savings account.  They will try to push you to do so.  Just refuse.  The promotion is valid as long as you open a free checking account with a direct deposit of $300 or more (one time) OR 3 bill pays (note: service is not free unless you maintain a min of 3 bill pays per month).  You must do so within 60 days of opening account...remember that this is 'OR'...not 'AND'.  You must also keep the account open for minimum 6 months.

4
Comment #4 by Anonymous posted on
Anonymous
I just got Redemption Code and it did not have those gifts that you can choose.

it only has subway / itune / visa $100 gift card. does anyone have same issue?

1
Comment #5 by Anonymous posted on
Anonymous
Pls scroll down and you'll see all the gifts that you were told and many more to choose from. You are on top of the page only.

Good luck!

 

2
Comment #6 by Anonymous posted on
Anonymous
This bank is a scam. I opened the account when I lived in Riverside, CA and did all of the requirements as dictated in the terms and conditions. Then I moved and called customer service to ask to change my address (outside of Riverside). I specifically asked if this change will cause me to lose the gift promissed. I was told that it would not. A few weeks later I called to ask why I didn't get the promotion. I was treated like I am some kind of criminal by their CS dept. They thought that I was doing fraud and weren't even interested in having me as a customer let alone sending me a gift. I closed the account and will not recommend anyone to deal with them.

2
Comment #7 by Anonymous posted on
Anonymous
They refused to open an account unless I went through the savings account and credit check.  I walked out without the account.  Will check Chase about their cash back offer.

2