striker1064
DIS Veteran
- Joined
- Jan 17, 2018
For anyone who's done the Discover savings bonus, did you use the "cancel" trick mentioned in the DOC comments or just do normal deposits? I see it referenced a lot but not sure how it really works. DH and I both opened accounts for DS and DD, both have about $6700 we want to actually end up in the accounts. Was thinking I'd just deposit/withdraw 3x to get to $15k for $150 bonus each, but now I'm wondering if I should combine the money and do larger deposits into to try for the $25k/$200 bonus. Is it better to push deposits from our BoA accts to Discover or pull from Discover? Also, on savings accounts isn't there a limit to the number of withdrawls you can do in a month? Sorry for so many questions, any suggestions would be appreciated!
I actually just opened one of these for P2, and tried the cancel/withdrawal trick yesterday. I'll report back if it works. In your case, because Discover posts so fast, I would absolutely shoot for the $25k. The nice thing is, they'll post $150 once you hit $15k, then post the last $50 once you cross the $25k threshold. I don't think it makes a difference if you push or pull from BoA. Discover doesn't require a DD, only ACH, so it shouldn't make a difference. And yes, there is a limit of 6 withdrawals from savings accounts. The trial deposits that come from other banks and get pulled back also count toward this limit, so be careful! Discover clearly displays how many you have left on your account page.