topic Re: Spiral $250 checking promo! in Personal Finance

Chime my first Fin Tech account!

Anonymous — Fri, 19 Nov 2021 17:49:22 GMT

Opened last night via Swagbucks. Currently a $250 bonus for the checking acct.

Re: Chime my first Fin Tech account!

Curious_George2 — Mon, 22 Nov 2021 18:40:23 GMT

Congrats! I'm in the process of pursuing that same SUB right now.

If you're interested in other, similar opportunities, you might want to keep an eye on SoFi Money. It's a lot like Chime, but I think it has more ways to earn bonuses, via a points program. They offer SUBs pretty often and I think there's one right now.

One caution: I have occasionally had to prod SoFi to pay out bonuses I had earned. Their process seems glitchy. But then, since you're a Swagbucks user, I assume you already have experience with that. 😂

Re: Chime my first Fin Tech account!

Anonymous — Tue, 23 Nov 2021 01:46:47 GMT

I tried Sofi first and was denied because they could not verify certain info. I have no idea what that is! I go after checking promos and never been denied because of verification info. I'm a first time user of Swagbucks and hope things go smoothly.

Spiral $250 checking promo!

Anonymous — Sat, 27 Nov 2021 00:32:06 GMT

My second Fin Tech in less than 2 weeks. I've got the checking promo bug again.

Re: Spiral $250 checking promo!

Anonymous — Sat, 01 Jan 2022 23:33:32 GMT

Went for the Varo $120 promo. This makes it my 3rd Fintech.

Re: Spiral $250 checking promo!

Curious_George2 — Sun, 02 Jan 2022 20:22:00 GMT

Congrats! This is a great way to get SUBs, isn't it? No FICO hit. No ChexSystems inquiries.

The only issues I have seen are the need to monitor and occasionally nudge the vendors to actually issue the bonuses, and then deal with the tax accounting.

I hope you keep it rolling!

Re: Spiral $250 checking promo!

xenon3030 — Tue, 04 Jan 2022 16:50:14 GMT

I guess they do SP or some criteria to verify identity. BUT if not, there are multiple concerns.

Another issue with checking apps is that they are typically startups and the financial apps can have several technical issues. Do they refund, in case of incorrect or fraudulent payment?

Re: Spiral $250 checking promo!

Wavester64 — Mon, 10 Jan 2022 19:24:43 GMT

@Curious_George2 wrote:
Congrats! This is a great way to get SUBs, isn't it? No FICO hit. No ChexSystems inquiries.

The only issues I have seen are the need to monitor and occasionally nudge the vendors to actually issue the bonuses, and then deal with the tax accounting.

I hope you keep it rolling!

Does the same hold true for their Savings accounts? I have CHIME and have done nothing with it since getting a $50 Sub ~ year ago. I was thinking of opening a Savings account with them now to keep it active.

Re: Spiral $250 checking promo!

Curious_George2 — Tue, 11 Jan 2022 16:37:10 GMT

@Wavester64 wrote:
@Curious_George2 wrote:
Congrats! This is a great way to get SUBs, isn't it? No FICO hit. No ChexSystems inquiries.

The only issues I have seen are the need to monitor and occasionally nudge the vendors to actually issue the bonuses, and then deal with the tax accounting.

I hope you keep it rolling!
Does the same hold true for their Savings accounts? I have CHIME and have done nothing with it since getting a $50 Sub ~ year ago. I was thinking of opening a Savings account with them now to keep it active.

I don't have any experience opening second accounts with any of the FinTechs, but I would be shocked if Chime pulled Chex for a savings account.

My comment was more focused on the general observation that FinTechs as a group seem much less inclined to pull Chex than banks or credit unions. There's always some risk of that generalization being wrong, so caution is advisable. My understanding is that Chex can't be completely frozen.

If you just want to show activity with Chime, why not just transfer/spend a token amount with your existing cash management account?

Re: Spiral $250 checking promo!

Royalbacon — Tue, 11 Jan 2022 18:55:25 GMT

Chime does not check Chexsystems.

A Guide to ChexSystems and Finding Banks that Don’t Use ChexSystems | Chime

Chime offers online bank accounts even for those individuals with negative ChexSystems reports. Why? Because Chime is one of the accounts and banks that don’t use ChexSystems.

Second Chance Banking: Open an Account Today (chime.com)

An award-winning mobile banking app and debit card. Applying takes less than 2 minutes! No credit check. No ChexSystems.

Re: Chime my first Fin Tech account!

Curious_George2 — Wed, 12 Jan 2022 16:31:38 GMT

Great point, @Royalbacon. (Looks like you had a few versions of that post stuck in, and now released from, moderation, but no matter.) That renders moot my speculation about the probability of the thing! 😂

Re: Chime my first Fin Tech account!

Credit_Master — Mon, 14 Mar 2022 14:51:53 GMT

@Anonymous wrote:
Opened last night via Swagbucks. Currently a $250 bonus for the checking acct.

I am fixing to do this very same thing now that they are offering it through Swagbucks for $300.

Credit_Master

Re: Chime my first Fin Tech account!

xenon3030 — Mon, 14 Mar 2022 15:10:38 GMT

I opened via mypoints in Dec last year and it is still not credited (need to wait 90 days). Chime was 44k.