Saaru Bank Deals

Credit Union 5 - Velocity Credit Union

2010-02-26T20:36:00.000-08:00

**This is the best deal yet**

Financial Institution Name - Velocity Credit Union

Financial Institution URL   -http://www.velocitycu.com/

Account Funding with credit Card  -Yes.

Type of Credit Card Accepted   -Visa, MasterCard.

Funding Limit -25K - 50K for different types of account

Account Opening Bonus -

Account Closing Restrictions -

Eligibility Criteria -

ChexSystem Check -

Soft/Hard Credit Pull-

Additional Details -

Bank # 10 - Incredible Bank

2010-02-20T20:00:00.000-08:00

Financial Institution Name - Incredible Bank

Financial Institution URL - http://www.incrediblebank.com/open/index.cfm

Account Funding with credit Card - Yes.

Type of Credit Card Accepted -

Funding Limit - 10000 Dollars.

Account Opening Bonus - Unknown

Account Closing Restrictions -

Eligibility Criteria -

ChexSystem Check -
Soft/Hard Credit Pull-

Additional Details - I found this on FatWallet. See the link here -
http://www.fatwallet.com/forums/finance/979207/?start=0

Bank 8 - Bank of the Sierra

2010-02-18T20:21:00.000-08:00

Financial Institution Name - Bank of the Sierra

Financial Institution URL   -http://www.bankofthesierra.com

Account Funding with credit Card  -Yes.

Type of Credit Card Accepted   -

Funding Limit -

Account Opening Bonus -

Account Closing Restrictions -

Eligibility Criteria -

ChexSystem Check -

Soft/Hard Credit Pull-

Additional Details -

This one might post as a cash advance - see the comments from one of the readers below -

"New accounts funded by credit card transactions will be treated as a cash advance and your credit card issuer may impose a cash advance fee. Please contact your credit card issuer if you have a concern regarding a cash advance fee."

- New text added on bottom of page at http://www.bankofthesierra.com/personal/checking/sierra-reward-checking.html

Credit Union 4 - A+ Federal Credit Union

2010-02-09T18:51:00.000-08:00

This could be a huge opportunity. Anyone can be a member. Please post your experience. I will stop posting for a week after this to allow for comments on the numerous banks and Credit Unions I have posted so far.

Financial Institution Name - A+ Federal Credit Union

Financial Institution URL   -https://www.aplusfcu.org/

Account Funding with credit Card  -Yes.

Type of Credit Card Accepted   -

Funding Limit -

Account Opening Bonus -

Account Closing Restrictions -

Eligibility Criteria -Anyone.
Become a member of the A+ Education Foundation


	A+ Education Foundation was established by A+ Federal Credit Union to provide grants to help full-time and training for educators in the communities served by A+FCU. You may join A+ Federal Credit Union by becoming a member of A+ Education Foundation for only $10. The $10 Membership Dues will be paid when I fund my account.

ChexSystem Check -

Soft/Hard Credit Pull-

Additional Details - This could be a huge opportunity. Anyone can be a member. Please post your experience.

Credit Union 3 - University Federal Credit Union

2010-02-09T18:42:00.000-08:00

Financial Institution Name - University Federal Credit Union

Financial Institution URL   -https://www.ufcu.org/index.php?loc=menu

Account Funding with credit Card  -Yes.

Type of Credit Card Accepted   -

Funding Limit -

Account Opening Bonus -

Account Closing Restrictions -

Eligibility Criteria -

ChexSystem Check -

Soft/Hard Credit Pull-

Additional Details -

Bank # 7 - Frontier Bank

2010-02-09T17:04:00.006-08:00

Financial Institution Name - Frontier Bank

Financial Institution URL   - http://www.frontierbank.com

Account Funding with credit Card  - Unknown

Type of Credit Card Accepted   - Unknown

Funding Limit - Unknown

Account Opening Bonus - Unknown

Account Closing Restrictions -

Eligibility Criteria -

ChexSystem Check -

Soft/Hard Credit Pull-

Additional Details -

Citibank Works in Amazing Ways

2010-02-08T20:34:00.000-08:00

I tried to fund this newest bank that allows upto 50K in CC funding - (details on that in a few days ) with my citicard and it got declined.

I called Citibank CSR and was asked the reason for the purchase and a few confirmation questions. After that the CSR went on to lecture me about how it is in effect a Cash Advance and not a Purchase. Well my credit limit is over 25K and I was trying to Fund ~22K.

I later funded using Citibank Business Card (for 15K) and it went through fine (It has not posted yet). I called Citibank Personal Card CSR again and was told that I could fund a maximum upto my Cash Advance limit. I know many folks have run into that issue while trying to fund Citibank Account but I had not heard of that issue with non-citibank accounts.

Anyone had similar experiences with Personal Citi Cards? With Citibank its truly YMMV.

Bank 6 - Savings Bank of Walpole

2010-02-06T11:19:00.000-08:00

Financial Institution Name - Savings Bank of Walpole

Financial Institution URL   -https://www.walpolebank.com/

Account Funding with credit Card  -Yes.

Type of Credit Card Accepted   -

Funding Limit -

Account Opening Bonus -

Account Closing Restrictions -

Eligibility Criteria - Southeastern Vermont

ChexSystem Check -

Soft/Hard Credit Pull-

Additional Details -

Credit Union 2 - USE Credit Union

2010-02-05T06:22:00.000-08:00

Financial Institution Name - USE Credit Union

Financial Institution URL   -https://www.usecu.org/home/home

Account Funding with credit Card  -Yes.

Type of Credit Card Accepted   -Unknown - please post your experience

Funding Limit - Unknown - please post your experience

Account Opening Bonus - Unknown - please post your experience

Account Closing Restrictions -

Eligibility Criteria -http://www.usecu.org/home/mem/join

ChexSystem Check -

Soft/Hard Credit Pull-

Additional Details -

Credit Card Funding

2010-02-04T05:32:00.000-08:00

Credit Card Funding -

For the newbies, Credit Card Funding in this case refers to opening a bank account - checking, savings or CDs with a Credit card and incurring no cash advance fees.

Benefits -

Miles/points etc - For those collecting miles or points the obvious benefit is to increase the amount of your miles or points.

Cash - Few people go to great lengths to open an account for a few hundred dollars that come with stringent requirements. This in my opinion is a great option to get cash. For e.g. a 25K funding with a Schwab Card will yield 500 dollars better than any deals you would find for opening a banks account.

Spend Thresholds - To me this is the best use of opening an account with Credit Card funding. Many cards come with Spend Threshold -

e.g. 15K bonus for new cards with 15K spend for SPG Card. Also 30K spend on AMEX SPG card yields gold membership.

Another example - Life Time gold on AA for accruing 1 Million miles.

The one I am working towards right now is 30K spend on a BA card that nets a companion ticket on BA metal for any class (plus another 100K miles to get the business class tic to Asia). So if you redeems 200K miles to Asia for Business class travel you get another companion ticket for the same class. The only drawback are the fees associated with Flying BA metal. The tic I looked at has 1200 in fees for Business class travel to Asia. But still its a great deal - for 2500 dollars, 200K BA miles and 30K in BA card spend you get 2 business class tics to Asia - A total purchase value of ~10K.

Bank 5 - PlainsCapital Bank

2010-02-01T10:30:00.000-08:00

Financial Institution Name -
PlainsCapital Bank
Financial Institution URL - http://www.plainscapital.com

Account Funding with credit Card - Visa, Discover, MasterCard, American Express

Type of Credit Card Accepted - Unknown

Funding Limit -
1K using American Express for Checking Account

5K using American Express for Savings Account. Can someone confirm the limits with other cards?

Account Opening Bonus -Did anyone find bonus offers?
Eligibility Criteria -

ChexSystem Check -

Soft/Hard Credit Pull-

Additional Details -

Best Deal -

Bank 4 - First Federal Bank of California

2010-01-31T21:01:00.000-08:00

Financial Institution Name - First Federal Bank of California

Financial Institution URL   - http://www.firstfedca.com/

Account Funding with credit Card  - Yes

Type of Credit Card Accepted   - Unknown

Funding Limit - Unknown

Account Opening Bonus - $25

Eligibility Criteria -

ChexSystem Check -

Soft/Hard Credit Pull-

Additional Details -

Best Deal -

Bank 3 - Bank Of Colorado

2010-01-31T20:56:00.000-08:00

Financial Institution Name - Bank Of Colorado

Financial Institution URL   - http://www.bankofcolorado.com/

Account Funding with credit Card  - Yes.

Type of Credit Card Accepted   - Visa, MasterCard

Funding Limit - 2000 (to be confirmed)

Account Opening Bonus - $25

Eligibility Criteria -
We currently accept online applications from Colorado, Nebraska, and Wyoming residents only. If you are not a resident of one of these states, we thank you for your interest and we invite you to contact one of our branches directly for personalized service in opening an account. If you are a resident, please review the information below to proceed with your application.

ChexSystem Check -

Soft/Hard Credit Pull-

Additional Details -

Best Deal -
BankOn Money Market Savings Account

Earn 2.05% APY*. No minimum balance. With each new account opened, get an additional $25 in your BankOn savings account. Transfer between savings and checking accounts online.

Bank 2 - Framingham Co-operative Bank

2010-01-26T16:39:00.000-08:00

Financial Institution Name - Framingham Co-operative Bank

Financial Institution URL   - https://www.framinghambank.com

Account Funding with credit Card  - Yes.

Type of Credit Card Accepted   -

Funding Limit -

Account Opening Bonus -

Account Closing Restrictions -

Eligibility Criteria - Massachusetts Residents Only.

ChexSystem Check -

Soft/Hard Credit Pull-

Additional Details -

Bank 1 - ExtraCo Bank

2010-01-20T19:31:00.001-08:00

Financial Institution Name                   - ExtraCo Bank

Financial Institution URL                    - http://www.extracobanks.com/

Account Funding with credit Card      - Yes
Type of Credit Card Accepted          - MasterCard and Visa
Funding Limit                                   - Per Andy2 from FT - "maximum for each account is $500 and the maximum for all accounts is $2,000". CSR Confirmed it will post as a purchase.

Account Opening Bonus                  - Unknown

Eligibility Criteria                             - Anyone in the US can open an account.
Additional Details

Credit Union 1 - Aspire Federal Credit Union

2010-01-14T15:38:00.000-08:00

Financial Institution Name                   - Aspire Federal Credit Union

Financial Institution URL                    - http://www.aspirefcu.org/

Account Funding with credit Card      - Yes

Type of Credit Card Accepted          - Unknown

From account opening FAQ              –

What information should I have available when applying for membership online?
. US Drivers license number
• Previous home address (if you have lived at your current address less than two years)
• US Social Security number
. Credit or debit card or a US checking or savings account to fund your new account.
Funding Limit                                   - Unknown

Account Opening Bonus                  - Unknown

Eligibility Criteria                             - See Website

Additional Details