Bank Bonus (Checking): State Bank of India $150
This bank came to my attention since it offered a $1,000 deposit wit
h a credit card and is a bank based in California. Sometime after I opened the account, it is no longer possible to fund the account with a credit card.
After submitting my application I received a phone call to verify my identity. I was sent a debit card soon after opening the account. The bank has a very basic phone app and the web interface is somewhat dated, but functional.
I ran into an issue where I specified my account on direct deposit was a savings account since I ran out of checking account slots, so the payment didn’t go through. I received a call from the bank to let me know this was happening. To speed up the direct deposit setup, since I wanted to make sure I had $500 deposited before the end of the month, I asked for a direct deposit slip to give to someone in my employer’s payroll department. The bank sent me a letter in the mail with a real printed voided check, which was a nice old-school touch.