Update 3/22/23: Looks like spending $2,000 gets you a chance to win up to $200 ($5-$200). You can get $200 if you spend $10,000 (5x points for a total of 50,000 points that works out to be $200).
Update 3/21/23: Homepage now says it requires $10,000 in spend.
Offer at a glance
- Maximum bonus amount: $200
- Availability: Nationwide
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Winden is offering a bonus of $200 when you open a new business checking account and complete the following requirements within 60 days:
- Spend $2,000 within 30 days on your Winden card.
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Winden has raised $5 million in Venture Capital. The bonus itself looks easy to do and the card also earns 5x points on the first $10,000 you spend. Not sure how much points are actually worth.
Hat tip to reader Yao K
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
I never even completed my setup and they recently closed my account after all the negative DPs here but maybe this is useful for someone.
Got an email that this is going to a subscription model as if it wasn’t bad enough already.
do you use your winden account anymore?
This company is clearly the worst. My rewards balance was 50k and now it is 0. After weeks of being claiming to them, they have re-evaluated my account and stated that purchases did not qualify for points. They have come up with an article on the fly. Please, avoid this bank at all costs.
do you use your winden account anymore?
Looks like they paused the 5x on 10k and they’re clamping down on other things. Interested though if it all comes back since they did say “Paused” on their support pages… or maybe not and the bonuses/earnings get nerfed. Who knows these days…
what do you mean by clamping down on other things?
previous posts on this thread about MS like paypal reloads and such.
I’ve been getting all my points for PPBP but haven’t been able to cash any of them in… over 140k points so far.
Everyone see this BS where Winden is currently pausing redemptions on available points while they “work through some issues” and then coincidently are planning on devaluing their points in the next month? 🙄 That’s such a scumbag move. This is just straight up stealing.
rewards went from .06% to .05% without being able to cash them in… not cool…
It appears as reloading your PayPal balance works for the spend. Winden shows you the points earned a few min after the transaction is made. My points balance in Winden does increase when using the virtual debit card to reload my PayPal balance.
I also tried a Cash App reload. Winden gave me the points at first. Looked back a few days later and they seemed to have clawed them back. No documentation aside from dropping under the 50k points total. The points from PayPal reloads seem to be intact.
Looks like this is dead. I tried loading PayPal balance with both Physical and Virtual debit card. Zero points awarded.
Yep, just came here to say that. They also killed Bill Pay. I had points awarded yesterday. Logged in today to see them clawed back…
Such a waste of time this bait and switch
I chatted with Winden Support
Can I Earn up to $200 deposit bonus after spending $2,000 within in 30 days on your Winden card?
Create a Winden account
Spend a minimum of $2,000 USD within 30 days of account opening.
Spin the wheel of rewards.
what do I get by Spin the wheel of rewards?
You could win $5 to $200
I won’t sign up if I may only get $5
Yes the spin reward is random. But in addition to that it does give you 2% cashback in the first 30 days for spend on your card. And there are use cases for that as discussed in other posts.
They increased the fee to fund with a debit/credit? I see 4.9% now.
I’m screaming at them about this today. The rate went up by 2% overnight? Come on – that’s absurd. 2.9% is same as plastiq so I’ll accept that is within the range of a market rate. But 5 percent is basically stealing. How can they justify that?
If you’re reading these Winden take note. It’s not okay for your processors to jack up fees like that overnight just because you got a bunch of new sign-ups after Doctor of Credit gave you some free advertising and boosted your visibility.
I did a small credit card funding to test a few days ago, and tried again the last 2 days but they were not able to be processed. This is probably why, with the increase in fee.
I literally tried two days ago and I know someone else did too and it worked fine and was still at 2.9%. This change just happened today. Customer support said something about rates fluctuating to stay at market rates. Yah right. More like beating the market by 2% =/ I hope enough people complain and they fix it. I could maybe deal with a small increase but not a whole 2%.
Do they pull Chex?
Did not show up on my Chex.