FPT Gift Box is all about “The FPT (5+2) Model” – that is, turning limited resources into abundance and blessings. There’s free money literally floating around everywhere if only people know where to look and are willing to take some time to learn about them, read the fine print, and move some money around. Some people can’t be bothered by that and that’s fine. Time IS money.
That said, there are some pretty lucrative money-making opportunities that take very little time. I don’t have a whole lot of free time either (I have a full-time job during the day, two young kids at home, and a business to run at night), but I happen to have a knack for shaking the money tree wherever and whenever opportunities present themselves.
One such opportunity relates to opening bank accounts. Doctor of Credit has a whole list of lucrative bank offers. Money Metagame recently wrote about earning $1,400 in two months of moving money around. I’ve decided to take a stab at some of these bank offers as well. It’s a great way to raise some good money to help kids in need.
$400 bonus with Discover Bank
My first set of applications is for the Discover savings and checking accounts. This week, I opened (or helped open) six accounts – two for me, two for my husband, and two for my dad. Between those six bank accounts, we’ll earn $1,200 in bonuses after all the requirements are met.
Here are the details of the bank offers:
Discover Savings Account
- Offer: $100 for opening a savings account
- Offer code: Save8915
- Requirement: Deposit $5,000
- Offer ends: October 31, 2015 (sorry I didn’t have time to post this article sooner, so by time you read this, the offer will be over)
Discover Checking Account
- Offer: $300 for opening a checking account
- Offer code: Bonus4915
- Requirement: Make two $250+ direct deposit within 90 days of account opening
- Offer ends: November 15, 2015
That’s $400 free money per person ($1,200 total) for opening a checking and a savings account with Discover. The online application process took about 5 minutes per account. For the checking account, I’ll need to setup my paycheck to do a direct deposit of $250 which will take about 5 minutes. I will do the same for my husband and my dad. I wanted to open both accounts for my mom as well, but today is the last day to take advantage of the Discover Savings offer and we didn’t have enough money (minimum deposit of $5,000) to open the 4th savings account.
There’s no monthly fee, early termination fee, or minimum balance with either accounts, so once the bonus is deposited into the bank accounts, I’m free to withdraw/transfer the money to another bank and even close the accounts. I’ll probably keep both accounts though since Discover benefits seem pretty good and there are no hidden fees (unlike Bank of America and Wells Fargo). Having a Discover bank account (or two) will also make it easier for me to pay the balance on my Discover Card.
That’s 30 minutes of time and an initial capital of $15k to earn $1,200 in bank bonuses → That’s 8% ROI after a month!
That sure beats any bank interest rates or investment funds! The $1,200 will go a long way in supporting FPT Gift Box’s vision of helping kids with severe medical condition or disability.
Other bank bonuses
After I get the $1,2000 bonus, I might go for the bank bonuses at Chase. Chase has been targeting me for quite some time to open a checking and savings account. The bonus is $500 for both accounts but I need to make an initial deposit AND maintain a balance of $15k for 3 months! That’s a lot of money to be tied up, so I’ve been waiting for the right time to do it. I also received another offer from Union Pay to open bank accounts with them for a $500 bonus! Then there’s the Citigold account which offers 50,000 bonus miles AND you can fund up to $100k with a credit card!! Now that’s the king of all bank offers if you did in fact have that high of a credit line! You could potentially be earning $2000-3000 in cashback (e.g., Barclay Arrival, American Express Fidelity, Discover Card, Capital One Venture and many other cards offer 2% or more in cashback)!
I mean it when I say there’s literally free money floating around everywhere and FPT Gift Box is hand picking them one at a time.
That’s what “The FPT (5+2) Model” is all about – turning limited resources into abundance and blessings.
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