Is it worth it?

 

A local bank has offered to give me $100.00, if I open a checking
account with at least $25.00 and either make 5 debit card transactions
or 1 automatic deposit within 60 days.  The $100.00 will be reported as
interest income.  Each debit card transaction is charged $0.25.  You
must keep the account open for at least 6 months.  I didn't see anything
about a minimum balance required.  All of my financial stuff is set up
through a credit union.  If I go through with this, I would do an
automatic deposit, maybe $10.00 of each paycheck.  Is it worth the hassle?

Marsha

 

MAS wrote:

keep the account open for at least 6

Only can say if its worth the hassle.

 



I went through a simular thing to get a free
iPod.  I thought it was worth it.

 

On Mon, 16 Aug 2010, Gordon wrote:


I found a 60gig iPod in a box of junk waiting for the garbage truck
towards the end of June.  I've yet to deal with it, but I'm hoping it's
just the battery that needs replacing, I plug it into a usb outlet and
the LCD tells me the battery voltage is very low, and it never gets
better.

If I can get it going with a new battery, that's right up there with
the 17" LCD monitor I found on the sidewalk at the end of April when the
students were all leaving town, and right up there with the DVD recorder I
found last July in a recycling bin.

     Michael

 



It wouldn't be worth it to me - I'm satisfied with my banking arrangements
and don't so much as look at offers of this sort.  Only you can judge if the
effort involved is worth the money offered.

I don't use debit cards, but it would be easy enough to put enough money
into the account to do the weekly grocery shopping and pay with the debit
card.  Just because you have set up your financial stuff through a credit
union doesn't mean you can't change if a better deal comes along.

I'd suggest you be sure of the minimum balance requirements, and if any
interest is paid on the account.