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Maya
Maya (@guest_1907678)
September 9, 2024 05:49

The tax form I received from TBK for the bonus is 1099-MISC instead of 1099-INT. Weird. Has anyone else got the same?

mothman69
mothman69 (@guest_1908256)
September 9, 2024 21:02

My previous TBK bonuses were reported on a 1099-MISC.

Most banks prefer to report the earnings on a 1099-INT but some prefer to use 1099-MISC. In the end, they both get treated exactly the same on your tax return.

Gadget 🕵️‍♂️ Bank Bonus Geek 🔗
September 9, 2024 22:10

Sort of agree, but technically, my 1099-MISC’s are entered on a different block than 1099-INT. The math ends up being the same, because it’s not considered self-employment income.

mothman69
mothman69 (@guest_1908304)
September 9, 2024 22:20

Yes, I should have been a bit more clear. The end result on your tax return is the same whether it’s a 1099-INT or a 1099-MISC, but they are entered and calculated in different sections and steps of the 1040.

Maya
Maya (@guest_1894681)
August 17, 2024 18:34

I had this account years ago and just received a marketing email from TBK about a $200 offer. Is this churnable?

Gadget - Bank Bonus Geek 🔗
Gadget - Bank Bonus Geek 🔗 (@guest_1894732)
August 17, 2024 20:12

What do the terms say?

It’s been proven churnable in the past.

But…. Pretty sure they’re no longer entertaining Nationwide applications so you need to be in footprint.

ShawntheShawn👈🏾
ShawntheShawn👈🏾 (@guest_1894768)
August 17, 2024 21:48

I believe the $125 bonus for their Everyday Checking and $200 bonus for their AIM checking have been promoted on their website for years. The terms do not seem to prevent churning. Mothman69 has successfully churned it:
https://www.doctorofcredit.com/co-ia-il-ks-tx-tbk-bank-600-checking-bonus/#comment-1518044

Maya

mothman69
mothman69 (@guest_1894901)
August 18, 2024 08:24

Maya Is the email you received the same as this $200 offer? I’ve been waiting over 2 years for them to increase the offer again but it doesn’t look like that might ever happen.

Christopher Robin
Christopher Robin (@guest_1895376)
August 19, 2024 07:25

mothman69 I received an email on August 8th for a $200 bonus offer and the link in the email points to the same offer you linked.

I have kept a savings account open with TBK. Like you, I am waiting for a better offer.

Maya
Maya (@guest_1895752)
August 19, 2024 16:49

mothman69 Yes the offer I received through email looks identical to this offer in the link, although the link URL looks different. The terms said “Offer effective 6/19/22 and subject to change at any time.”, it does look like it’s been $200 for quite a while.

Yet Another Redditor
Yet Another Redditor (@guest_1788758)
January 30, 2024 12:20

TBK Bank bonus
$200 https://www.tbkbank.com/personal/personal-checking/aim-checking/
$100 https://www.tbkbank.com/personal/personal-checking/everyday-checking/
$50 https://www.tbkbank.com/personal/personal-checking/launch-checking/

Offers valid from 6/22 or 1/23 but no end date specified. Looks like in-branch only.
Terms require direct deposit, automatic transfers, bill pay and point-of-sale purchases for any bonus. May be worth it to some.

Mufmuf
Mufmuf (@guest_1674129)
August 17, 2023 16:08

I did one $5k from Alliant right after the account was opened to avoid the fee. It was categorized as a utility payment (gas). Not sure if this can be included for the 12k DD requirement.. I already did 2 x $4k from Fidelity (loan payment). To be safe, I will do one more 4k from Fidelity. As for the $25 for 9 bill pay and $25 for 50 point of sale bonus, what are the best and most effective ways to get them done? I can try to do 9 bill pays in 30 days but I may have to split one bill into a few payments of smaller amount. It seems a bit overwhelming to do 50 POS transactions…. I can load the debit card on Apple Wallet and keep buying cheap items like one banana, one apple, a few mushrooms, etc. at grocery stores. Are there any other ways to get this done?
One last question is if can I transfer out some funds which had been transferred into the account? I intend to keep the minimum 5k to avoid the service fee.

mothman69
mothman69 (@guest_1674289)
August 17, 2023 20:33

Mufmuf Bill pay yourself 9 times, then sign up for this PayPal subscription 5 separate times: https://www.paypal.com/webapps/billing/plans/subscribe?plan_id=P-19A1271618503912WMGLEWSI It will charge you $0.01 per day for 10 days, so with 5 separate subscriptions you will only spend $0.50 and complete 50x debit card transactions. And yes there’s no harm in transferring out funds if you leave enough to cover the fees.

Mufmuf
Mufmuf (@guest_1676869)
August 21, 2023 15:40

Thank you for the answers I was looking for. I am almost done with the 9 x bill pay requirement. I just paid $1 to my credit cards and repeated for a few days. I am not quite familiar with the paypal subscription.. The link opened a subscription page and it does say $.01. I need to add TBK debit card. I suppose all I do the same thing 5 times… Is the money going to my pay pal account? I am not too worried about $.50 but I am just wondering…

mothman69
mothman69 (@guest_1676986)
August 21, 2023 18:13

Mufmuf That PayPal subscription is one I created which goes to my PayPal business account. Each $0.01 charge is eaten via PayPal fees and I receive $0.00, so your $0.50 is really just going to PayPal.

Mufmuf
Mufmuf (@guest_1676992)
August 21, 2023 18:26

Thanks. I am not familiar with the Paypal fee. Do I get charged for the fee in addition to $.01 each time x 50? I suppose I can create a similar subscription with my Paypal business account and transfer from my regular Paypal account. It may be too time consuming for this bonus of $25 but it may be useful if I do more bonus offers which require debit card transactions.

mothman69
mothman69 (@guest_1677023)
August 21, 2023 19:26

No, you only get charged $0.01 per transaction.

PH
PH (@guest_1669087)
August 9, 2023 09:21

$500 bonus was in the account this morning (124 days from opening):

7-Apr – Account opened
18-Apr – $5k push from Schwab Brokerage
18-May – $3.5k push ” ”
14-Jun – $3.5k push ” ”
9-Aug – Bonus posted

 William Charles – DP for Schwab Brokerage working as DD.

Doc_Liker
Doc_Liker (@guest_1668936)
August 8, 2023 23:29

Opened 4/07. No bonus yet..

Doc_Liker
Doc_Liker (@guest_1669151)
August 9, 2023 11:09

Both P1 and P2 got the $600 bonus last night. Real DD and Amazon Reloads.

BillT
BillT (@guest_1665478)
August 3, 2023 12:28

$600 posted for both me and P2 yesterday afternoon. We both opened in branch on April 3, so that puts it right at the 121 day mark.

I posted the sources for the DDs below if you want to see what we used, but it was 85% Fidelity for both of us by dollar value. Scroll down to my earlier comments if you want to see how everything was coded – even my sole real paycheck did not code as “direct deposit,” so you shouldn’t use that to judge whether it’s working.

We both primarily used Amazon reloads for the debit swipes.

Nil
Nil (@guest_1658123)
July 22, 2023 08:33

$550 bonus posted today

Kris
Kris (@guest_1658163)
July 22, 2023 11:28

When did you open your account?

Nil
Nil (@guest_1658250)
July 22, 2023 15:28

121 days back

staradmiral
staradmiral (@guest_1657726)
July 21, 2023 11:32

Bonus posted 07/20 $525. Exactly on the last 120 calender day since opening

Tyler
Tyler (@guest_1656682)
July 19, 2023 07:49

Opened 5/26, Fidelity Cash Management counted as DD, bonus posted today.

David
David (@guest_1656830)
July 19, 2023 13:01

Account opened on 5/2, no bonus yet…….

David
David (@guest_1656831)
July 19, 2023 13:08

How is your Fidelity Cash Management coded by TBK?

Tyler
Tyler (@guest_1659726)
July 25, 2023 11:59

If you go to TBK’s categorization tool it actually says:
Payments : Loan Payment

Kris
Kris (@guest_1656871)
July 19, 2023 14:55

“Qualifying Bonus period is 120 calendar days following the open date of the account.”
“Any qualifying bonus will be credited to this AIM Checking account on the next business day following
the end of the bonus period if account is open and active.”

Did you type in the incorrect open date by chance? I opened mine 3/23 and I’m still waiting for mine to post. The terms mention the next business day after 120 days.

Anyone else got theirs?

Anuj
Anuj (@guest_1657817)
July 21, 2023 14:33

Kris – My account open date is also 3/23 but no bonus as of this writing.

Kris
Kris (@guest_1658536)
July 23, 2023 11:52

Did you get anything yet?

Anuj
Anuj (@guest_1659016)
July 24, 2023 11:04

Kris – Nothing yet, hope it will post today 7/24 as it is the next business day after 120 days.

Kris
Kris (@guest_1659043)
July 24, 2023 11:53

Still waiting here too. Will update if I get it today.

Anuj
Anuj (@guest_1659418)
July 24, 2023 21:00

Kris Nothing as of now.

Kris
Kris (@guest_1659482)
July 24, 2023 23:02

What did you use for the DD? Paycheck or bank transfer?

Anuj
Anuj (@guest_1659507)
July 24, 2023 23:58

Kris Real direct deposit from my employer.

Anuj
Anuj (@guest_1659508)
July 24, 2023 23:59

Kris – Did you receive the bonus?

Anuj
Anuj (@guest_1659510)
July 25, 2023 00:01

Kris – Checked at 11 pm CT, and I see a $600 bonus posted. Please check yours, you should have also received it.

Kris
Kris (@guest_1659703)
July 25, 2023 11:26

Checked just now, got mine too! Thanks for following up. It always a good thing when we help each other out.