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Whitman College Caps Tuition at 10% of Income — No Cutoff Like Harvard or MIT
Whitman College Caps Tuition at 10% of Income — No Cutoff Like Harvard or MIT
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How Matt Picaro Uses 203K Loans to Scale
| Name | Matt Picaro |
| Location | Long Island, New York |
| Occupation | Real estate investor |
| Assets | Three owner-occupied units |
| Investment strategy | House hacking, flipping |
| Financing | FHA 203K (3.5% down) |
Matt Picaro grew up in a blue-collar household watching his parents’ construction business swing between good months and bad ones, and money stress shaped him early. He landed a good job in New York City, but it came with a three-hour daily commute and the slow realization that a steady paycheck wasn’t the answer he was looking for.
Matt picked up a used copy of Rich Dad Poor Dad from a street vendor and got hooked on the idea of real estate, but quickly hit a wall: He had no savings and no idea how to afford a down payment in one of the most expensive markets in the country.
A conversation with a local real estate agent introduced him to a loan product he’d never heard of, one most agents and lenders barely understand themselves. He used it to buy a condemned, feces-covered duplex for $9,500 out of pocket. Eight months later, he had $150,000 in equity and a real estate career.
Here’s how he did it.
You only had $9,500 to put toward your first deal. How did you actually finance buying and renovating a property that needed $80,000 to $100,000 of work?
The FHA 203K loan changed everything. It’s a 3.5% down, owner-occupied product, the same as a regular FHA loan, except it lets you finance the renovation directly into the mortgage. Your loan amount becomes the purchase price plus the renovation budget, all rolled into one 30-year mortgage.
I found a two-family property listed at $290,000 that was a total disaster: squatters, feces on the walls, the works. Because it was a duplex, the lender let me forecast the future rental income from the second unit, which bumped my preapproval from $300,000 up to $360,000.
All in, the loan covered $350,000, the purchase price plus rehab. I only had to bring $9,500 to closing. The loan was even wrapped in six months of mortgage payments, so I didn’t have to pay anything while the place was unlivable.
What did the actual renovation and payoff look like?
The rehab took eight months and was genuinely brutal. I was the only one on my team who’d ever done one of these loans, so we were figuring it out as we went. But when it was done, the appraisal came back at $500,000. I’d built $150,000 in equity off $9,500 out of pocket.
I moved into one unit and rented the other for $2,500 a month. My mortgage was about $2,900, so I was living in a half-million-dollar house in New York for roughly $400 a month. I took that equity and rolled straight into flipping and later did two more 203K projects that now make up three units worth over $2 million combined, with more than $1 million in equity.
How does the money actually flow during the renovation? Do you have to front contractor costs yourself?
No, and that’s one of the biggest misconceptions about this loan. When you close, the seller gets paid, and the remaining balance, plus a mandatory 10% contingency, goes into an escrow account.
From there, it works like a construction draw. The 203K consultant walks the property as work gets completed, verifies it matches the scope, and submits a draw request to the bank, which pays the contractor directly, usually within a day or two.
As the borrower, you never write a check to the contractor yourself. It also protects the contractor, because the bank is the one releasing payment based on completed work, not a homeowner who decides halfway through they don’t like the cabinet hardware and tries to withhold money.
What’s the biggest mistake you see people make with this loan?
Going with the cheapest contractor. If you get three bids and they come back at $90,000, $95,000, and $50,000, that low number isn’t a gift; it’s a missed scope of work. You won’t find out until the contractor walks off the job halfway through, and now you’re stuck finding someone else to finish it for whatever’s left in escrow, which usually means coming up with the gap yourself.
The fix is simple: Get your scope of work written by the 203K consultant first, before you bring in any contractors, so every bid is apples to apples. Then pick based on who can actually deliver the scope, not who’s cheapest.
Why do you think more investors don’t know about this loan?
Because almost nobody who could explain it actually understands it past their narrow piece of the transaction. Agents think it’s too much paperwork. Lenders who haven’t done one assume it’s a hassle.
None of that matches what I experienced. You need a line-item scope of work, a licensed and insured contractor, and a 203K consultant who functions like a referee between you and the contractor. That’s it.
This loan is investing with training wheels on. It built me three times my salary in equity in six months. I’m still surprised more people aren’t using it.
Maximize Your Rewards! Here Are the Best Credit Cards For Gas Station Purchases
Best Credit Cards For Gas Purchases
Gas is a big monthly expense for many Americans. On average, each American drives a bit more than 1,000 miles per month. That adds up to a couple of hundred dollars a month and a few thousand dollars per year. So you should maximize credit card rewards and discounts whenever possible.
I would suggest first looking as gas rewards deals from supermarkets such as Kroger, Stop & Shop, Giant, Walmart+ and many others. You can get half off or even close to free gas in some cases. I often post those deals here, so make sure you subscribe by using the form on the right hand side. After that, take a look at this list of best credit cards for gas.
When it comes to credit cards, don’t get tempted by those gas station cards advertisements that you see posted at the pump. You will always get better value with general rewards credit cards, and you will not have to fill up at the same gas station brand to earn rewards.
How This Ranking Works
Below, you can find the cards you should use every time you fill up, or make a purchase at your local gas station. I’ll start with the cards that give you the highest rates and are widely available, and work my way down from there.
I’ll value all points at 1 cent per points to make the ranking easier, but for same rates, I’ll rank Chase Ultimate Rewards cards first, then American Express Membership Rewards cards next, and ThankYou Points and Capital One miles after that.
Wyndham Rewards Earner® Business Card
Abound Credit Union Platinum Visa
- Earn unlimited 5% Cash Back rebates on gas purchases
- No Annual Fee
- 5% quarterly rotating categories, up to $2,000 spend per quarter
- Read more about the card
PenFed Platinum Rewards Visa Card
- Earn unlimited 5X in points on gas purchases, 3X on groceries
- No Annual Fee. Points can be redeemed on hotel stays for up to 1.25 each or gift cards for less than 1 cent.
- Bonus of $100 Statement Credit when you spend $1,500 in first 90 days.
- Read more about the card
Citi Custom Cash
- 5% cash back on your top category each billing cycle, up $500 (gas stations included)
- No Annual Fee
- The card also comes with a $200 bonus if you spend $1,000 in first 3 months
- LEARN MORE
Amex Old Blue Cash
- Earn 1% at U.S. supermarkets, gas stations & drugstores for first $6,500 in purchases in a reward year, and 5% after that, up to $50,000 per year in purchases.
- No Annual Fee
- The card is no longer available for signups.
- Read more about the card
Amex Business Gold
Sam’s Club Mastercard
- 5% cash back on gas (on first $6,000 per year in purchases, then 1%)
- No Annual Fee
- You need to be a Sam’s Club member in order to apply. Membership costs $45 but they often have promotions. You can sign up here for example to get a $20 gift card. The card comes with a $45 bonus also.
- Read more about the card
U.S. Bank Altitude Connect
PNC Cash Rewards Visa
- 4% cash back on gas station purchases, up to $8K annually
- No Annual Fee
- Earn $100 Bonus after you make $1,000 or more in purchases during the first 3 months
- Read more about the card
Huntington Bank Voice Business Card
- 4% back up to $7K quarterly at Grocery stores, Gas Stations, Office Supply Stores etc
- No Annual Fee
- No signup bonus and available in branch only in OH, MI, IN, PA, KY, WV, IL & WI
- Read more about the card
Costco Anywhere Visa
- 4% cash back on gas (on first $7,000 per year in purchases, then 1%) and 5% on Costco gas
- No Annual Fee
- Costco members only. Membership costs $60. Rewards earned with this card are sent out with an annual certificate in February. They are redeemable for cash or merchandise at Costco only.
- LEARN MORE
Bank of America Cash Rewards Credit Card
- 1% cash back on every purchase, 2% at grocery stores and wholesale clubs and 3% on select categories including gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter
- No Annual Fee
- The card has a public $200 bonus. Also if you qualify for Platinum Honors, you get a 75% bonus, which gives you 5.25% cash back on gas.
- Read more about the card
Wells Fargo Autograph
Amex Blue Cash Preferred
- 3% Cash Back at gas stations
- $95 Annual Fee
- LEARN MORE
Citi Strata Premier
- 3X ThankYou points at Gas and EV charging stations, as well as supermarkets and restaurants
- $95 Annual Fee
- Current Offer: bonus_miles_full
- LEARN MORE
US Bank Altitude Reserve
- 3X points on mobile wallet purchases using Apple Pay®, Google Pay™ and Samsung Pay
- $400 Annual Fee
- Current Offer: 50,000 bonus points when you spend $4,500 within the first 90 days.
- LEARN MORE
Robinhood Gold Card
- 3% Cash Back on all purchases
- No Annual Fee
- LEARN MORE
US Bank Business Triple Cash
- 3% cash back at gas stations, restaurants, office supply stores and cell phone service providers
- No Annual Fee
- Current Offer: $500 bonus after spending $4,500 in the first 150 days
- LEARN MORE
Wells Fargo Amex Propel Card
- 3x points on Gas stations, dining rideshares, and transit; Flights, hotels, homestays, and car rentals and popular streaming services.
- No Annual Fee
- The card often comes with a $200 bonus if you spend $1,000 in first 3 months.
- Read more about the card
UMB Simply Rewards
- 3% at Gas stations, Grocery stores, Discount stores, Restaurants
- No Annual Fee
- $200 bonus and could be limited based on your location
- Read more about the card
Amex Hilton Honors Surpass
- 6X Hilton points on gas purchases, dining at U.S. restaurants and takeout/delivery, and groceries at U.S. supermarkets.
- Annual Fee: $95
- Earn 130,000 Hilton Honors Bonus Points after you spend $2,000 in 3 months.
- LEARN MORE
Other 2% Cards
Cards with 5% Rotating Categories
Some cards have 5% rotating categories each quarter. Gas stations sometimes are one of those categories, which would temporarily make them the best credit cards for gas purchases. So it’s a good idea to keep an eye out if you have these cards, and maximize the spending when possible.
Let me know if there are any other products that you think I should include in the list of best credit cards for gas purchases, especially if they’re widely available. And also share your opinions on which card you would consider as the best overall.
Check out the best credit cards for:
MBA findings add pressure on tri-merge status quo
A switch from the industry’s standard tri-merge to a single-credit file could be done in such a way that loan-level price adjustment variations would be within acceptable limits, according to a new Mortgage Bankers Association study.
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The analysis of Intercontinental Exchange data from 105,000 loans originated in the first half of 2025 finds that within the range of 700-plus scores
The association specifically points to the 700-719 score band, within which it finds nearly 68% of loans would stay in the same loan price bucket while around 91% in total would either stay unchanged or move up or down one notch, with a roughly equal share of loans in each category.
“The findings suggest that a move to a single credit file would have minimal impact on credit risk or GSE pricing revenue,” the MBA wrote.
The association has been looking into the possibility with the aim of addressing members’ concern about what they say is a rise in the price of a tri-merge credit pull in the past few years from $30-$40 per loan to around $150 as the cost of required scoring also has increased.
Broader debate over single-file use
The new Mortgage Bankers Association research adds to debate over whether government-sponsored enterprises Fannie Mae and Freddie Mac should allow a less costly alternative to the tri-merge in a growing body of research on the topic.
It follows
The Consumer Data Industry Association that represents the three major credit bureaus and many other players in that space has pointed to that report in its pushback against tri-merge alternatives.
In response to the mortgage banking group’s latest study, CDIA reiterated previous statements arguing for “more data, not less.”
“Requiring tri-merge reports across all acceptable scoring models ensures consistency, reduces risk, and preserves the integrity of the credit evaluation process for lenders, investors and borrowers,” the group said in an emailed statement.
Where the GSEs stand
Federal Housing Finance Agency Director Bill Pulte, who oversees the enterprises, decided not to immediately address the questions of whether an alternative to the tri-merge might be viable when he
However, he has shown concern about the lock the three major credit bureaus have had on the mortgage market in line with the administration’s focus on generating cost efficiencies, which Pulte has aggressively pursued in other policy actions.
While his attention is currently split between his FHFA role and other downsizing he’s been engaged as acting director of national intelligence, Pulte could revisit the possibility of a tri-merge alternative down the road.
President Trump has said that he does not plan to make Pulte the permanent national intelligence director but also had stalled efforts to name a replacement.
The GSEs have moved ahead with some credit-related policy actions while Pulte is juggling both roles, recently announcing
Rising tempo of combat in battle for Hormuz tests market’s confidence that the worst is over on Iran
U.S. stock futures dipped late Sunday while oil prices rose, but didn’t spike, as investors kept their cool after a weekend packed with new fighting in the Persian Gulf.
Futures tied to the Dow Jones industrial average fell 100 points, or 0.19%. S&P 500 futures were down 0.27%, and Nasdaq futures lost 0.48%.
U.S. oil futures rose 3.2% to $73.70 a barrel, while Brent crude also climbed 3.2% to $78.45. Gold dropped 0.7% to $4,085 per ounce.
Bob McNally, founder and president of Rapidan Energy, told CNN that crude oil markets have been “blowing off this geopolitical risk for years” and described Sunday’s rise in prices as “pretty tame.”
Traders are confident that the worst of the Hormuz conflict is over and see the beginnings of a recovery in ship crossings as well as oil production around the Gulf, he explained, adding that the stock market hasn’t cared about Iran since April.
“So there’s a lot of complacency, a lot of confidence, built into the market right now about oil,” McNally, a former White House energy adviser, said.
On Sunday evening, U.S. Central Command announced yet another set of strikes on Iran, aimed at “degrading their ability to attack civilian mariners and commercial ships freely transiting the Strait of Hormuz.”
It marked the fifth round of attacks in the past week and the third over the last 24 hours, signaling that the operational tempo is quickening.
The latest wave came after the Islamic Revolutionary Guard Corps targeted a commercial ship, prompting U.S. forces to intercept an Iranian missile and drone.
Earlier on Sunday, the U.S. conducted a “few strikes” on Iranian missile and air-defense systems as well as small boats around the strait.
Before then, U.S. forces had already hit 300 targets over three prior rounds, with Saturday alone seeing 140 targets bombed, including missile and drone sites, naval capabilities, ammunition storage facilities, communication networks, and coastal surveillance locations, Central Command said.
For its part, Iran has paired its attacks on commercial ships with salvos against its Gulf Arab neighbors, including Bahrain, Kuwait, Qatar, Jordan and Oman.
Iran has argued that the memorandum of understanding signed with the U.S. last month gives it authority to regulate ship traffic and has attacked ships that are not using a regime-backed corridor that runs along the Iranian coast.
But the U.S. has demanded that freedom of navigation in Hormuz must be fully restored and established an alternate corridor that hugs Oman’s coast. Since early May, U.S. forces have helped more than 800 commercial vessels and 400 million barrels of crude oil transit the strait.
The standoff has fueled increasingly violent skirmishes as Iran seeks to preserve its main source of leverage, namely the ability to effectively shut down Hormuz traffic.
For Sal Mercogliano, a Campbell University professor who specializes in military and maritime history, the recent combat was an ominous sign, as he called the ceasefire a “facade.”
“And it’s been a facade for quite a while,” he said on a YouTube post on Sunday. “And one of the things I fear is that we’re finding ourselves in this undeclared naval war. And an undeclared naval war can escalate.”
What Does the Sale of Rapport Therapeutics Stock Worth Over $400,000 by the Chief Operating Officer Mean for Investors?
Cheryl Gault, Chief Operating Officer of Rapport Therapeutics (RAPP 0.71%), reported the sale of 10,000 shares of common stock for approximately ~$416,000 across multiple open-market transactions on June 30, 2026, as disclosed in a recent SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Shares sold (direct) | 10,000 |
| Transaction value | ~$416,000 |
| Post-transaction shares (direct) | 149,914 |
| Post-transaction value (direct ownership) | ~$5.9 million |
Transaction value based on SEC Form 4 weighted average reported price ($41.58). Post-transaction value based on July 1 closing price.
Key questions
- How does the size of this transaction compare to Cheryl Gault’s historical selling activity?
The 10,000-share sale matches the largest trade size in her historical record, aligning with the upper end of her recent “sell only” transactions, which have ranged from 2,014 to 10,000 shares per event. - Is there evidence of accelerating or irregular selling cadence in 2026?
No irregular escalation is evident; since November 2025, Gault has executed four sell transactions, each representing between 1.17% and 6.25% of her then-direct holdings, reflecting a measured and consistent disposition pace governed by a 10b5-1 plan. - Did this transaction materially change her ownership position in Rapport Therapeutics?
The sale reduced Gault’s direct stake by 6.25%, leaving her with 149,914 shares, which, as of July 1, 2026, is valued at approximately ~$5.9 million and represents 0.41% of the company’s outstanding shares. - What is the context for the transaction’s timing relative to Rapport Therapeutics’ stock performance?
The sale was executed near the close of a period in which Rapport Therapeutics shares appreciated 223.67% year-over-year (as of July 1, 2026), indicating the transaction capitalized on a period of elevated valuations, consistent with prudent liquidity planning.
Company overview
| Metric | Value |
|---|---|
| Price (as of market close 7/1/26) | $39.39 |
| Market capitalization | $1.42 billion |
| Revenue (TTM) | $20.00 million |
| 1-year price change | 223.67% |
* 1-year price change calculated using July 1st, 2026 as the reference date.
Company snapshot
- Rapport Therapeutics develops small-molecule therapeutics targeting central nervous system disorders, with a lead candidate (RAP-219) focused on focal epilepsy and additional pipeline programs for pain and hearing impairment.
- It operates a clinical-stage biopharmaceutical model.
Rapport Therapeutics is a clinical-phase biotechnology company specializing in innovative therapies for central nervous system (CNS) conditions. The company’s pipeline is anchored by RAP-219, a highly selective AMPAR inhibitor with potential applications in epilepsy, pain, and psychiatric disorders.
By advancing differentiated small-molecule candidates and leveraging proprietary receptor-targeting platforms, Rapport aims to address significant unmet needs in neurology and establish a leadership position in CNS therapeutics.
What this transaction means for investors
COO Cheryl Gault’s June 30 sale of Rapport stock came on the day the share price hit a 52-week high of $43.76. Even so, her disposition was a non-discretionary transaction. The sale was part of a pre-arranged Rule 10b5-1 trading plan, adopted in December of 2025.
Such plans allow insiders to sell shares at predetermined times to avoid concerns of trading on non-public information. Gault’s sale was perfectly timed to coincide with the stock’s rise, but given its non-discretionary nature, it does not appear to signal a red flag for investors. She also held nearly 150,000 shares post-transaction, maintaining a sizable equity stake that aligns with shareholder interests.
Rapport Therapeutics shares soared because the company reported positive clinical trials news for its treatments. In addition, it exited the first quarter of 2026 with $476.8 million in cash, cash equivalents, and short-term investments. According to Rapport management, this provides a projected runway for operations into the second half of 2029 as it works towards achieving government approval for its therapies.
Lec-01 Introduction to Management | Classification of Managers| BBA,MBA
In this video I have explained the introduction of management and also define the why management is important, I have discussed few question in this , who is manager, why manager is important , classification of managers.
Management is very broad topic under this we can cover a lot of questions. This is ths first part of this topic in which we only understand about manager and importance of manager.
Topic Discussed:
1- Why management is important?
2- Who is manager?
3- Why manager is important?
4- Classification of Managers
Here is the details of other books that we haver covered on our channel.
1- Financial Management
2- Financial Accounting
3- Financial Accounting 2
4- Human Resource Management
5- Corporate Governance
6- Business Communication
7- Statistics
8- Business Finance
9- Management Information system
10- International Financial Management
All subjects lectures are arranged with numbers and mentioned on thumbnails follow these carefully.
You can follow us on other channel as well there is lot of lectures related to Finance, Accounts, Management , Cost Accounting
@UstadAcademyOfficial
Some of the playlist are mentioned below:
1- Business Communication
2- Financial Management
3- Financial Management Exercise
4- Financial Accounting
5- Business Finance
#Management, #WhatIsManagement, #Managers, #WhyManagementIsImportant, #ChHamzaTariq, #IntroductionToManagement,
You can comment on videos for your questions we will respond you as soon as possible and also you contact us on social media platforms mentioned below.
We are also providing online and offline classes you can contact us for details
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Davidson College Goes Tuition-Free For Families Earning Up To $175,000
Davidson College will be tuition-free for students from families earning $175,000 or less starting in the fall of 2027, the North Carolina liberal arts college announced this week. Families earning $85,000 or less will pay nothing at all — tuition, fees, housing, and meals are fully covered.
Davidson’s total cost of attendance hit $86,865 this academic year, up nearly $11,000 in just three years. The new income thresholds are designed to cut through sticker shock and encourage middle income families to apply knowing they likely won’t pay the full price.
The Details
The simplified pricing has three tiers:
- Total family income of $85,000 or less: all direct costs covered (tuition, fees, housing, and meals)
- Income between $85,000 and $175,000: tuition-free, with potential additional financial aid based on calculated need
- Income above $175,000: financial aid packages that meet 100% of calculated need with no loans, Davidson’s policy for nearly 20 years
The thresholds are based on adjusted gross income and assume assets typical for that income level. The pricing holds for all four years as long as a family’s income and assets continue to qualify, and it applies to new students entering in fall 2027. Families still must file the FAFSA and CSS Profile.
By The Numbers
- 70% of Davidson students receive financial assistance
- $66,000 is the average aid package
- Roughly three-quarters of Davidson alumni graduate debt-free
- 20.5% of the most recent first-year class is Pell Grant-eligible
The Big Picture
Davidson joins a wave of wealthy private colleges converting opaque financial aid formulas into simple income cutoffs, but some schools have set the bar higher.
Harvard and MIT both made tuition free for families earning up to $200,000, and both cover essentially all costs below $100,000. Penn raised its full-tuition scholarship threshold from $140,000 to $200,000 and stopped counting a family’s primary home as an asset. Whitman College went a different direction, capping tuition at 10% of family income with no income cutoff at all.
Against that field, Davidson’s $175,000 tuition-free line and $85,000 full-ride line trail the $200,000 and $100,000 marks at the richest universities. But Davidson remains one of few U.S. colleges that are need-blind for domestic admissions, meet 100% of demonstrated need, and package financial aid with no student loans.
How This Connects
We’ve been tracking the rise of these income-based pledges in our running list of tuition-free colleges, and Davidson’s move fits a bigger pattern: sticker prices are becoming fiction. Private colleges now discount tuition 56% on average (a record high) and schools like Whitman are abandoning cutoffs entirely in favor of income-linked pricing.
The new structure applies to students applying for fall 2027 admission. Expect more selective colleges to publish simple income cutoffs as they compete for middle-income applicants who assume (often wrongly) that an $87,000 sticker price is the real price. Our research has shown that less than 1-in-8 families actually pay full sticker price.
A family earning $150,000 can now cross Davidson’s tuition off the bill entirely. But with Harvard and MIT at $200,000, the free-tuition arms race isn’t over and Davidson’s move suggests even schools outside the Ivy-plus tier feel the pressure to compete on price clarity.
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College Tuition Up 914% Since 1983, J.P. Morgan Reports
College Tuition Up 914% Since 1983, J.P. Morgan Reports
The post Davidson College Goes Tuition-Free For Families Earning Up To $175,000 appeared first on The College Investor.
[CT] Ascend Bank $300 Checking Bonus + $100 Savings Bonus
Update 7/12/26: Extended until 7/31. Hat tip to reader snailrock
Update 5/10/26: There is also a $100 savings bonus. Just requires six consecutive monthly transfers from a qualified Ascend checking account. Hat tip to reader snailrock
Update 4/18/26: Bonus is back, but for $300 this time. Valid until June 28, 2026,
Terms say Connecticut residents only
Offer at a glance
- Maximum bonus amount: $400
- Availability: NY, CT, VT, RI, MA, ME, NH
- Direct deposit required: Yes, no minimum
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: $100, 180 days
- Household limit: None listed
- Expiration date: December 31, 2025
The Offer
Direct link to offer
- Ascend Bank (formerly Guilford Savings Bank) is offering a $400 bonus when you open a new checking account and complete the following requirements:
- $200 to open checking for 6 months, must meet requirements to keep account fee free ($250/mo direct deposit and a debit card purchase for the lowest tier)
- $100 to receive a direct deposit within 30 days
The Fine Print
- Up to $400 Consumer Checking Offer: Offer available when you open a new Access Checking, Preferred Access Checking or Prime Access Checking account.
- You must enter promotion code “Ascend400” if opening online or mention the promotion to a banker when opening at any Ascend Bank branch.
- Account must remain open for 180 days to receive the $200 statement credit.
- Get $100 for making a direct deposit within 30 days of opening your account.
- Eligible direct deposits are electronic automated clearing house (ACH) deposits. Examples of eligible direct deposits include, but are not limited to: payroll, Social Security, pension and government benefits.
- Deposits made through a teller, ATM, or the Ascend Bank mobile app are ineligible direct deposits. Get $100 when you open a Spring Savings account within 30 days of opening a qualifying checking account.
- May be subject to 1099 reporting.
- Account holder is responsible for all applicable taxes.
- Offer valid through December 31, 2025, and may be withdrawn at any time.
- Limit 1 offer per person.
- New & existing customers are eligible, but funding may not come from a current Ascend Bank account.
- Rates on all balances subject to change based on future market conditions.
- Accounts subject to approval.
- $50 minimum to open any personal checking account. View full account details at https://ascend.bank/personal/bank/checking.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Early Account Termination Fee
Account must remain open for 180 days to receive the $200 statement credit
Our Verdict
Not sure how accurate the state availability is after the name change. Share your experiences in the comments below.
Hat tip to reader Brockrr
Useful posts regarding bank bonuses:
Iran expands attacks on Gulf states after US strikes, says Strait of Hormuz closed
Iran expands attacks on Gulf states after US strikes, says Strait of Hormuz closed