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Username Post: Beware of the free money offers to change banks...        (Topic#324806)
WorkingMommy 
SJ Diva
Posts: 6807
WorkingMommy
Reg: 04-15-07

01-14-13 10:22 PM - Post#4039822    

I had been considering changing banks for awhile because our bank's branches were all inconveniently located. I got an offer in the mail from Chase, for $200 free if I opened an account there. We changed, and did get the $200. And in the mail today, the 1099-INT

I'm sure it said in the fine print somewhere that it was considered a dividend. I just assumed it was a "gift." Not so much, LOL! I'm guessing that $200 'gift' will cost us $40 in income taxes...

 
Beth Ann 
SJ Divalicious
Posts: 15445
Beth Ann
Reg: 01-23-03

01-15-13 08:45 AM - Post#4039892    
    In response to WorkingMommy

Still, you're up $160. Not bad.

 
WorkingMommy 
SJ Diva
Posts: 6807
WorkingMommy
Reg: 04-15-07

01-15-13 08:07 PM - Post#4040126    
    In response to Beth Ann

  • Beth Ann Said:
Still, you're up $160. Not bad.



Yeah but since I didn't know I had to give $40 back I feel cheated

 
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