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Looking For A Bank Of America Checking Account Bonus Deal

RJM
  |     |   499 posts since 2011

I may be opening an Edge brokerage account soon for the 30 free trades per month. And for the bonus money for moving assets in. But it requires a BAC checking. And if I can get a bonus for that too, it would be great.

I am still waiting on Edge to give me a permanent waiver on their $30 reorg fees. I asked Thursday and they said it takes 48 hours to hear back. Without that and I may or may not transfer as much or at all. The reorg fees are for things like Tender offers and rights offerings and I usually have several every year and when I own the position in both accounts, $30 each will add up.

I was going to move in $50+50k in an ira for what I thought was $250 in bonus money but the rep said it would be $150 per account. And if its per account, I am considering making it $100k in each because the bonus money is higher. (You have to keep the assets there for 90 days to get the bonus money)

I am not unhappy with Fidelity but I do have an issue with partial fills. One that I will likely have at ANY brokerage. The difference is, at Edge, I won't have to call in to get an adjustment every time I get a partial fill.

(I mean 100 share partial fills and things like that)

Plus, lets be honest, saving $4.95 per trade will add up over the years. I am not unhappy with fidelity and for that reason I am only doing a partial transfer. I confirmed there are no partial transfer out fees from fidelity.

Its highly unlikely that I will ever use more than 30 trades per month so I don't even recall how much their trades are if I go over 30.

The other benefit with free trades is it will let me dollar cost average in new positions without it costing me an arm & leg.

Edge has its limitations, no CDs, no no load ETFs or very low load mutual funds. Fidelity have a number of them with lower fees than Vanguard.

The only Chase bonus I have found is $200 for opening a savings and checking with $10k and leaving the money there for 90 days. I figure I would lose about $37 in interest on $10k so it still might be worth it. But if there are any better deals, I would like to see them. (No BACs in my area locally)

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TheBombingRange
  |     |   104 posts since 2017
https://www.doctorofcredit.com/bank-america-100-checking-bonus-public-nationwide/ this deal seems to still be running.
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RJM
  |     |   499 posts since 2011
If I have to open the account anyway, I will probably go with the $200 one because its higher and I can park the $10k for 90 days. Or do you think I should avoid the $200 deal for some reason?

Also, I am unsure if they will let you combine deals like I would be doing. Id hate to lose out on $300-500 in bonus money from Edge because I got $100-200 for opening a checking. I am unclear if that is the case or not and I would probably ask Edge before doing it.

But, I often use Shopping portals and they almost always say you cant stack deals but often it works despite what they say. Sometimes, it does not work so you have to be aware of that going in.

I recently tried to combine a vitamin cashback with a free shipping deal and it would not work, so it was clearly one or the other. (The free shipping was on any size order while the free shipping required a $50 purchase when going thru a portal) In prior years, I was able to do both, So they close loopholes from time to time.

I bought a tire recently and tried for cashback despite it clearly saying no cash back for tires and I did not get it. If I would have waited a month, I could have gotten the cashback.

But, I did not want to drive on that donut spare another month. Nor did I know they deal would be changed to include tires as it apparently has.

After 30 years of never buying road hazard on my tires, TWICE in recent years, its bit me in the butt and cost me about $82 twice. As bad as it seems, Im sure I have saved far more than $164 over 30 years. So you have to keep the long term in mind when refusing such "insurance" like road hazard.

Same goes for crap like home warranties and water pipe warranties. They are really just massively overpriced insurance and the vast majority should not go for them. But one out of 100 might save a little bit. But in 15 years at my house, I have never had a single claim that would have been covered by any of those things.
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