Tuesday, July 7, 2009

Make Money With Bank Bonuses

I love bank bonuses. They're a great way to make money. Granted not a whole lot of money but in this time and economy, every little bit helps, right? Just like this $100 bonus from Chase. Pretty much, you open a Free Business Checking in person with this coupon, deposit $500, and within 10 days, you'll see the $100 bonus deposited into your new checking account. Although this is technically a business checking, just tell the banker that this is for a business you have under your name. That way, you only need to present two picture IDs. They won't even need a business license.

Here's another one from Bank of America. It's geared towards new customers. It's a bit more complicated than Chase but also has a lower deposit requirement. Directly from B of A, here's how you get your $100 bonus:

"Get $75 when you open a new qualifying personal or business checking account with a $250 deposit and make a purchase with your debit card.

Get an additional $25 when you make 2 online bill payments within 30 days. Business checking customers can pay 2 bills with our Small Business Online Banking Bill Pay service or use the Online Business Suite® Direct Payments service

I did the Chase bonus when I was running errands this morning. The bank was right next to the store I was in so I went and opened my account. It took approximately 30 minutes from start to finish. The banker was nice and friendly and best of all, I will get my $100 within 10 days. That's a guaranteed 20% return on my money. Not too shabby at all.

I will convince my husband and my mom to open their own checking accounts there for the bonus. As for the B of A bonus, unfortunately, my husband and I are already members so we're not qualified for the offer. But my Mom is not, so she can open an account there to get the $100 bonus. Between the three of us, these account bonuses will amount to $400. $400 we didn't have before.

If you're a beginner at this, don't get yourself overwhelmed. Just do one offer at a time until you get the hang of it. You'll be a pro pretty soon and you'll realize there's really nothing to it. Enjoy!