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  #81  
Old 06-01-2020, 02:19 PM
Rastiln Rastiln is offline
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Your payroll department has to be annoyed at this point.
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  #82  
Old 06-01-2020, 02:31 PM
The_Actuarial_Borg The_Actuarial_Borg is online now
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My guess is you are about to hit the checking system.
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  #83  
Old 06-01-2020, 02:43 PM
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chicken_po_boy chicken_po_boy is offline
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Originally Posted by Rastiln View Post
Your payroll department has to be annoyed at this point.
This is actually a really valid concern. I couldn't do this very efficiently without changing DD frequently (my company lets us split our DD between up to four banks). We have only one person in our payroll dept. She knows what I'm up to, seems cool with it, and says she doesn't mind me making frequent changes. But I give her a small token of appreciation now and then, like a $5 gift card, just to say "thanks for putting up with me". She says it's entirely unnecessary, but I think she appreciates it.

I saved HSBC and North Shore until now, precisely because they require a longer term DD commitment (HSBC thru Jan/2021, and North Shore thru July/2021). So I'm done changing my DD... for a while anyway.
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  #84  
Old 06-01-2020, 02:56 PM
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Originally Posted by The_Actuarial_Borg View Post
My guess is you are about to hit the checking system.
Possibly... I was already declined by one bank (PNC) back in March. But I have opened several accounts since then. Different banks have different thresholds of what is/is not acceptable. So far, that has not been much of a factor.

I am finding diminishing returns, not so much because banks are declining me, but more because I'm running out of available banks in my state (with offers I haven't yet done already). I would not be surprised if I don't end up opening any new bank accounts for the rest of the year, although there are a few brokerage accounts offering bonus that I might try.
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  #85  
Old 06-02-2020, 06:58 AM
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Originally Posted by chicken_po_boy View Post
This is actually a really valid concern. I couldn't do this very efficiently without changing DD frequently (my company lets us split our DD between up to four banks). We have only one person in our payroll dept. She knows what I'm up to, seems cool with it, and says she doesn't mind me making frequent changes. But I give her a small token of appreciation now and then, like a $5 gift card, just to say "thanks for putting up with me". She says it's entirely unnecessary, but I think she appreciates it.

I saved HSBC and North Shore until now, precisely because they require a longer term DD commitment (HSBC thru Jan/2021, and North Shore thru July/2021). So I'm done changing my DD... for a while anyway.
I hope these $5 gift cards are included in your calculation. Each one lowers your return about 0.01%!!
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  #86  
Old 06-02-2020, 09:22 AM
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Colymbosathon ecplecticos Colymbosathon ecplecticos is offline
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I saved HSBC and North Shore until now, precisely because they require a longer term DD commitment (HSBC thru Jan/2021, and North Shore thru July/2021). So I'm done changing my DD... for a while anyway.
So, you really are only "earning" 6/8 or so of the HSBC bonus and less than half of the North Shore bonus in 2020.
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  #87  
Old 06-02-2020, 09:24 AM
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I hope these $5 gift cards are included in your calculation. Each one lowers your return about 0.01%!!
Yes definitely - they are included in my YTD expenses 👍
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  #88  
Old 06-02-2020, 10:39 AM
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Originally Posted by Colymbosathon ecplecticos View Post
So, you really are only "earning" 6/8 or so of the HSBC bonus and less than half of the North Shore bonus in 2020.
Correct.

For HSBC... I should see $600-$700 in CY20, with possibly $100 in CY2021.

For NS... I should see around $140 in CY20, with the remaining $160 in CY2021.

Exact amounts in each CY will depend on how long it takes for them to post to my accounts.
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  #89  
Old 07-01-2020, 12:18 PM
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7/1/20 Update:

Accounts opened in June:

- Tastyworks (brokerage account) pays 100 shares of a random stock valued between $1 and $6 per share. Need to put $2000 on deposit for 90 days
- Andigo Credit Union pays $250 for direct deposit for 3 months ($500 or more per month). Pays another $250 for spending $500 on debit card within 90 days
- Varo - $75 for a deposit of $200, plus $75 for each referral
- Aspiration Bank - $100 bonus for spending $1000 on debit card in 60 days. Opened through Swagbucks website for 5600 Swagbucks
- HSBC savings account Opened through Slickdeals, $125 bonus
- eToro - $50 bonus for opening an account, plus $50 for each referral
- 5/3 Bank - $250 for making a deposit of $500, and holding 60 days
- Bank of America targeted offer, $350 for direct deposit of $4000 in 90 days

I applied for a checking account with Pyramax Bank but was declined for having too many inquiries on my ChexSystems report.


$1006 of bonuses received in June:

- BBVA savings bonus: $50
- Tastyworks: 100 sh BGG @ $2.76/sh = $276 (ironically, BGG was my first employer)
- Chime: $50
- Swagbucks: 5600 Swagbucks, converted to $60
- Town Bank: $300
- eToro: $50 bonus + $50 referral
- Varo: $75 bonus + $75 referral
- North Shore: $20


YTD Bonuses + interest received:

Discover (now closed): $200 + $8.16 = $208.16
CapitalOne: $200 + $73.81 = $273.81
US Bank (now closed): $400 + $27.23 = $427.23
Chase: $450 + $0.64 = $450.64
WI Bank & Trust (now closed): $450 + $0 = $450
Wells Fargo (now closed): $400 + $0 = $400
BBVA: $250 + $0.01 = $250.01
Associated Bank: $175 + $0 = $175
Bank of The West: $0 + $0 = $0
E*Trade: $100 + $0.05 = $100.05
BMO Harris: $0 + $0 = $0
CitiBank: $0 + $1.12 = $1.12
Town Bank: $300 + $0 = $300
North Shore Bank: $20 + $0 = $20
HSBC checking: $0 + $0 = $0
HSBC savings/Slickdeals: $0 + $0.01 = $0.01
PenFed: $0 + $0 = $0
Chime: $50 + $0 = $50
Tastyworks: $276 + $0 = $276
Andigo CU: $0 + $0 = $0
Varo: $150 + $0 = $150
Aspiration/Swagbucks: $60 + $0 = $60
eToro: $100 + $0 = $100
5/3 Bank: $0 + $0 = $0
Bank of America = $0 + $0 = $0


YTD Expenses and fees paid: $19.85


Total: $3672.18
YTD return: $3672.18/$44,000 = 8.35% (I have met my goal of 8.0%)
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  #90  
Old 07-02-2020, 09:37 AM
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Quote:
Originally Posted by chicken_po_boy View Post
YTD return: $3672.18/$44,000 = 8.35% (I have met my goal of 8.0%)


Your Chexsystems record must look hilarious
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