Sign up for a new bank account, do the required direct deposit, get the bonus

Dec 1, 2022
4:12:46pm

wannnacruise All-American

Rinse and repeat. A lot of the accounts also offer a referral bonus, so I sign up for the account, refer my wife to the account, giving me an extra bonus for referring her, in addition to her bonus.

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wannnacruise

Previous username: magical cow0
Bio page: wannnacruise
Joined: Aug 31, 2007
Last login: Nov 27, 2024
Total posts: 5,648 (1 FO)

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Messages

Author

Time

It's been a good year for bank bonuses

wannnacruise

12/1/22 4:03pm

Details?

Jericho

12/1/22 4:04pm

Here's the list of accounts I've hit so far

wannnacruise

12/1/22 4:07pm

Wells Fargo has $200 after DD of $1000 within 90 days (not on list)

BYUFootballisBack

12/1/22 4:13pm

All of those over $600 should issue a 1099 this year. And given the number of

Nat Gas Man

12/1/22 4:20pm

The banks will all issue him the appropriate tax documents, even for $200 ones

BYUFootballisBack

12/1/22 4:22pm

The bonuses are taxable whether you receive a 1099 or not. Just report them as

allaboutthegainz

12/1/22 4:23pm

Yup I'm bracing for it

wannnacruise

12/1/22 4:26pm

Many of those will be for amounts over $10 as the bonus will be treated as

Ozymandias

12/29/22 2:06pm

RE: Here's the list of accounts I've hit so far

Manadyne

12/30/22 3:10pm

I wish I could do my own DD changes... I do 1, sometimes 2 a year, and always

BYUFootballisBack

12/1/22 4:07pm

You may need to elaborate more on the "what you did" piece.

TheLoneCougar

12/1/22 4:10pm

Typically its just open an account and setup direct deposit, hold for required

BYUFootballisBack

12/1/22 4:11pm

wannnacruise

12/1/22 4:12pm

RE: Sign up for a new bank account, do the required direct deposit, get the bonus

TheLoneCougar

12/1/22 4:18pm

Is there a specific source where you see them being offered? Or do you just keep an eye and ear out for banks

RootieBoy

12/2/22 8:48am

A little bit of both. Part of a FB group called "Bank Bonus 102"

wannnacruise

12/2/22 9:05am

Gotcha. So DD has to come from your employer? Is there any other way around it? I am self-employed but wouldn't mind

RootieBoy

12/2/22 9:41am

DD is easiest for me since it's so easy to change

wannnacruise

12/2/22 9:46am

RE: It's been a good year for bank bonuses

Matt6VZ

1/3/23 4:19pm

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