Get $50 Free from PerkStreet Financial

This is just a quick note to point out that PerkStreet Financial is offering a $50 signup bonus for new customers who open an online checking account with them.

Here’s the scoop:

To get the $50 bonus, open an account with a $25 minimum deposit and keep the account active for three straight months. We’ll deposit $50 into your account within 15 business days of the end of the third month.

Offer expires 12/31/2009. A month is defined as 30 days.

This offer is valid for first-time PerkStreet Financial checking account customers only. You may be permitted to have more than one PerkStreet Financial account; however you are only eligible to earn one bonus.

That’s it, pretty easy. No need to set up direct deposit, use the debit card a minimum number of times, etc. Just open the account, fund it with $25, and keep it active for three months.

In case you’ve never heard of PerkStreet, they’ve partnered with The Bancorp Bank to offer an FDIC-insured online checking account similiar to ING Electric Orange. The checking account that they’re offering doesn’t pay any interest, but the debit card offer 1% rewards, redeemable for a variety of gift cards, free music, or coffee.

Before anyone asks, I’m not sure if they do a hard credit check when you open the account. The PerkStreet Checking Plus account comes with overdraft protection, so I’m assuming that they would if you went for that one. As for the regular PerkStreet Checking account, you might want to call and check if you’re concerned.

Published on November 23rd, 2009 - 6 Comments
Filed under: Banking
 email this article - bookmark it

About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!

Related articles...

» One Year Ago This Week (October 15th – October 21st)
» What is Your Biggest Financial Vice?
» Pre-Paid Legal Plans
» Six Common Financial Aid Mistakes to Avoid
» Questions to Ask Your Financial Planner
» Rebalancing Your Portfolio Without Taking a Financial Hit
» Most Common Financial Resolutions
» Free Credit Reports

Was this article useful? Please sign up to receive our content via e-mail:

You will receive only the daily updates, and can unsubscribe at anytime.

6 Responses to “Get $50 Free from PerkStreet Financial”

1. 1
   SavingEverything Says:
   November 23rd, 2009 at 10:10 pm

   First, Why is PerkStreet website owned by some lawyer firm based in Boston, MA but the bank it associates with (and described in all the Disclosures) is The Bancorp Bank in Wilmington, DE? Second, this is a different type of product but similar to Bancorp’s products; it’s mostly an online commercial bank that gives various financial services and products through private-label, partnerships nationwide. Plus, they offer other services such as healthcare HSA, payment, and other solutions for companies. Third, making deposits and withdrawals seem quite amazing! Deposit by mail, by ach, or at UPS store. Forth, Perkstreet is actually offering several different bonuses; people have to use their search engines periodically like Yahoo, Google, Bing, to see the types of deals. Fifth, the ugly: the fees are high; $4.95 for inactive accounts per month; you gotta be careful with your spendings so you dont overdraft; your deposits do not earn interest; if you’re building credit and credit history, then you need to use credit card not a debit card. It’s a trade-off: ideally, consumers want high-yield checking account, no fees, no ATM fees, reimbursed non-bank ATM fees, and 1% cashback or equivalent to most credit cards. Finally, I would estimate 2 out of 10 people like to have overdraft protection, so plus may be good. How much would credit score drop with a “hard-pull” from opening a checking account? My guess, 10-20 points?

2. 2
   Dana Says:
   December 2nd, 2009 at 9:46 am

   There is no hard pull on your credit regardless of the account type you choose (Overdraft Protection or Standard Checking). Yes, if you choose to the Overdraft Protection your purchases/checks will be paid up to a certain amount but you will also receive a fee because you are using funds that you do not have available to you. It is all clearly stated in the Account Dislcosures.

3. 3
   Nickel Says:
   December 2nd, 2009 at 11:22 am

   Dana: Thanks for clarifying!

4. 4
   dave Says:
   December 4th, 2009 at 11:09 am

   Watch out for these people.

   You more then likely will not get the bonus.

   There system is junk. Bonus does not get applied to every account because of software glitches.

   “Thanks for your email; I apologize for the trouble. Please provide your full name or account number and I will reset your information. I think that there was a processing error in our New Accounts department as several other customers were affected as well.

   Best Regards,
   Steve
   Customer Correspondence
   The Bancorp Bank
   409 Silverside Rd
   Suite 105
   Wilmington, DE 19809
   302-385-5000″

5. 5
   Curt Says:
   December 11th, 2009 at 6:03 pm

   Full disclosure here: I work for PerkStreet Financial and wanted to respond to Dave’s post above. The correct bonus was applied to his account but there is a slight lag between when an account is first opened and when the offer details appear in our customer service system. This caused some confusion, but we have reached out to Dave and resolved his issues.

6. 6
   dave Says:
   December 12th, 2009 at 12:46 am

   The first post I made dec 4 was jumping the gun. Since then I have spoke with perk street and they made it right. It was my error and jumping the gun. I would for sure tell anyone to sign up for the account it will kill any rewards checking account you can find.

   Sorry Dan and the perk street team.

   This company has some very nice stuff in the pipeline.