Get a $250 OfficeMax GC for 90 day deposit-updated, you do not have to be in business

[ygreenkitty]

Note: This account is a money-market account, not a bank account. It therefore does not fall under the same rulings as a bank account would. Still looks like a great deal to me.
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A OneCore Account provides you with access to all of the financial services you need, and a complete suite of tools to keep you in control. Get started with any of the following:
QuickStart Account - Checkwriting and money market returns. learn more...
Merchant Services - Accept credit cards. learn more...
Payroll Service - Manage your payroll online. learn more...
401(k) Plans - Process your 401(k) in minutes. learn more...
Credit - Obtain a lease, loan, or business credit card. learn more...
Whichever Account you choose, you?ll receive a $250 OfficeMax Gift Certificate!
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Promotion signup page

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* The QuickStart Account is a free check-writing account for the first 90 days. After that, your account must be deemed active to avoid the $9.95 monthly fee. An active account fulfills at least one of the following: (1) use of an additional OneCore Service such as Payroll (not including Bill Payment), (2) maintaining a $5,000 average daily balance, or (3) making at least 25 online bill payments per month. Additional services have corresponding fees, please view our full price list for details.
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Unlike a bank checking account, an investment in a money market fund is not guaranteed by the Federal Deposit Insurance Corporation or any other government agency and rates of return are not guaranteed. Although the fund seeks to preserve the value of the investment at $1.00 per share, it is possible to lose money by investing in the fund. For more information you can obtain a Scudder Kemper or Federated money market prospectus by calling OneCore Securities, Inc. at 1-888-ONE-CORE. Investors should read the prospectus carefully before investing.
*The QuickStart Account is a free check-writing account for the first 90 days. After that, your account must be deemed active to avoid the $9.95 monthly fee. An active account fulfills at least one of the following: (1) use of an additional OneCore Service such as Payroll (not including Bill Payment), (2) maintaining a $5,000 average daily balance, or (3) making at least 25 online bill payments per month. Additional services have corresponding fees, please view our full price list for details.


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[mwa009]

Sounds like a good deal. Any catch?

 

[Z_1]

Yeah, read the bottom under the application.

"To qualify for this special offer, you must complete an application and make a minimum initial deposit of $250 within 30 days of registering for this promotion. If you maintain a minimum balance of $250 for 90 days, then OneCore will send you a $250 OfficeMax Gift Certificate."

 

[WATERBUFFALO]

This one really smells like a ripoff. Pheww!

 

[mwa009]

Why is that a ripoff? Maybe I overlooked something. From my understanding, you put $250
there for three month and get $250 credit at OM. That's not too bad. You can
close your account after three month and get your money back, or can you?

 

[Big Bomb]

This is a valid service, with competitive rate of return for your business checking account. If you do not have a company, why not register one right now.

 

[Yuniverse]

<< Unlike a bank checking account, an investment in a money market fund is not guaranteed by the Federal Deposit Insurance Corporation or any other government agency and rates of return are not guaranteed >>



Is this true for all other Money Market Accts(i.e. other banks)?

 

[rahvin]

It is true of all money market mutal funds which is what this is. Here is the proof they are legit:

&quot;The OneCore Account is a brokerage account and not a bank account. As a result, OneCore Accounts are not covered by FDIC. OneCore funds are protected by Securities Investor Protection Corporation (SIPC) and Travelers Insurance. SIPC is a nonprofit membership corporation funded by its member securities broker\dealers. SIPC protects brokerage customers against some financial losses if a SIPC member fails financially and is unable to meet obligations of its securities customers. All deposits are protected up to $100 million, including SIPC coverage of $500,000 (cash claims limited to $100,000) and Travelers Insurance coverage up to $99.5 million.&quot;

The insurance isn't against loss of value of the securities, but if the broker (in this case OneCore) goes under, beloved patriot bails out all the investment accounts. Oh, and MM mutal funds never lose value, all they invest in is bonds.

 

[fellow]

You must own a bussnies. ID and all to be legit.

 

[ygreenkitty]

I talked to customer service and you do not have to own a business. I was told you could be &quot;planning&quot; to own a business.