For fun (and profit!) I’m trying to see how many checking bonuses I can get. Since it’s super easy to set up direct deposit at work - it’s just through a web portal - I can add, remove, or change the amount going into bank accounts at will. I got to keep track of what accounts I have open. Just to get an idea of what I’ve done, here’s a table:
|Bank||Start Date||Initial Deposit||Requirements||Completed Date||Bonus Received||Bonus|
|Fifth Third||3/31/2016||$50||three bill pays||4/15/2016||4/18/2016||$200|
I’ll probably update this table as time goes on, unless I don’t do anymore bonuses. I’m going to close the Fifth Third one soon, but Chase needs to be open for at least six months or they’ll take my bonus away. And yes, I know I have to pay taxes on these. Right now my Federal bracket is at 25% and my Ohio bracket is at 3.465%. Since these are interest payments (1099-INT) I don’t pay any local tax on them.