Various bank deals in Sep 09

Below are several bank deals that I have stumbled upon during this month. As of this writing, all deals are in effective.

* TCF Bank $50 Checking Bonus
* Fremont National Bank Video Contest – $250 Prize
* Bank of America $50 BankAmericard Statement Credit
* HSBC Direct $50 Online Payment Account Bonus
* Bank of America $100 Checking Bonus

$25 cash for using BankOfAmerica BillPay

Current Bank of America customers who has not used its online bill payment not used in last 6 months can receive $25 cash for using Online Bill Pay feature. To cash in on this special offer, start using your existing personal or small business checking account at Bank of America, make two online bill payments within 30 days, and Bank of America will deposit or mail you $25 within 90 days of fulfilling offer requirements. Click here to get started.

WAMU free checking account with $100 cash bonus

WAMU is offering $100 cash bonus for opening a new free checking account at WAMU branded branches by July 17, 2009. All that customers need to do is to make 5 debit purchases or have one direct deposit into the account with in 60 days. More details are found here

PayPal MoneySend Is Free For US P2P Transfers

Now sending money to friends and family is free with PayPal MoneySend. PayPal today announced that domestic P2P transfers are free if the money transfer initiated from bank account or PayPal balance. And, all one needs to transfer money is email address and phone number of recipient.

New National Bank With Higher Interest Rates

There’s a new national bank that now offers online high yield savings account options. In May 2009, GMAC(General Motors Acceptance Corporation) Bank emerged itself as Ally Bank. And, when Ally Bank re-launched, the bank unveiled several new online savings account options that provide great high rates, including a 2.05% online savings account that requires no minimum opening deposit or minimum balance and a 2.30% no penalty nine month CD (as on 6/12/09). As with saving account, no penalty CD can also be opened with $0. Both saving accounts and CDs are FDIC insured. See more details here.

Bank Offering Highest APY Checking Accounts

We all know that community banks and credit unions are not only as stable as big financials institutions but also guaranteed by FDIC and NCUA. In addition to safety to the investment, usually these banks also offer CD like higher interest on checking accounts for free with no or minimum account balances. Today, I have come across a community bank First Banking Center which is offering 5.01%APY on its free checking accounts with $100 minimum balance.

Below are requirements to qualify

Requirements to Qualify

* Make at least 10 Check-Mate Card purchases (excluding ATM transactions)
* Receive a monthly electronic statement
* One direct deposit or ACH auto debit
* $100 minimum initial opening deposit

Benefits

* No minimum balance requirement
* No monthly service charges
* Unlimited check writing with no per check fees
* Free check safekeeping required
* Interest is credited to the account monthly, based on the following tiers:
* On balances from $0 - 25,000
* On balances from $25,001 and over OR base rate for all balances if requirements are not met
* 24-hour account access via Internet available
* 24-hour account access via telephone
* Overdraft Privilege program attached
* Direct Deposit available

Source: NetBanker.com