Tuesday, April 28, 2009

Update: Bank Bonus Offers - $30 to $35 for WT Direct - Please read Update

Update, Again, 4/28/2009: As all of us that did this offer know, the bonus was reversed from our accounts.

Now, some are reporting it has come back?? Thanks for your comments below. I think it is all up in the air on a case by case basis. If anyone has contacted them and knows anything different, please let me know.

Karen and David at Cashbaq have worked diligently to try and get the bonuses back for us from WT Direct. I appreciate their time and effort! They told me they spent days on this issue alone!

As per their terms, 10. The determination of whether or not a purchase made through a Cashbaq Affiliated Merchant is a Qualified Transaction is at the sole discretion of Cashbaq. Since Cashbaq is sharing a percentage of payments it receives from Affiliated Merchants, any transaction that Cashbaq does not receive credit or payment for will not be paid to you (although Cashbaq may have credited your account).

And, this is the issue they are having.

Originally, they said they would reevaluate the accounts, I am assuming, to see who plan to remain members.

I have gotten many emails from my readers wanting to know what to do? And, it is entirely up to you.

But, here are the steps I recommend anyone should take when they have issues with ANY company.

First and foremost, contact the company directly to see how the issue can be fixed. Hopefully, that solves the problem from the get go. You do want to give them the chance to realize their is an issue and fix it for you. So, if you haven't already, you want to work directly with Cashbaq.

Because of all of your emails, I have been in contact with Cashbaq to try and see what we can do, and they have been trying hard to get it fixed!

If that doesn't resolve the issue, the step to take when any company does not come thru on their end is to contact the Better Business Bureau. This is a wonderful agency that is a go between when companies and consumers cannot come to an agreement. It is non biased and I can't speak highly enough of this organization.

Although the result might not always be in your favor, or a company may not respond, it is important to still work with this agency. Future customers will read reviews and the grades that companies receive and I feel ( just like I did when I made a retailer move the products priced wrong ) that as consumers, we must help each other out.

If we have legitimate issues, it is important to share them, but also give a company the chance to fix the problem. And, that is why I like the BBB. If you file a complaint but a company does come thru and work with you, the BBB will grade them based on this. I look at this as a positive!! If I read reveiws on a company and they respond to complaints, I have high regard for them. That to me shows a lot about the company.

I realize issues arise and problems happen, but it really boils down to how these issues are fixed

If you ever need to work with the BBB in the future, click here to access their site.

For this specific case, I am hopeful that your bonus will be returned to you as well, and that you are benefiting from your WT Direct account.

Update as of Tuesday, March 3rd: I just spoke to Karen at Cashbaq and WT Direct is no longer offered on their site as of 10:00 AM PST today ( Tuesday, March 3rd ).

If you signed up BEFORE 10:00 AM PST today ( Tuesday, March 3rd ), you will still get your bonus. Yay for everyone who got in on this before it expired!

New to my site and not sure why I love Bank Offers?

Click here or go to my Bank Offers button in my left menu bar at any time. It will explain how I am able to make extra money thanks to all the wonderful offers Banks offer to all of us! Last year I made over $800! And, found some great banks that I still use today.

Don't forget, to keep all your banks organized, sign up for the Free Version of Quicken. This is a must have tool if you are going to be taking part in this method!

$30 to $35 - WT Direct

Thanks to one of my favorite Cash Back Shopping Sites, Cashbaq, you can get between $30 and $35 for opening a new WT Direct Savings account.

The best part of this deal? You get a new High Interest Savings account. It is currently paying over 2% for 2 months on any balance. Then, after 2 months, you must have over $10,000 to get the highest interest rate, which is pretty decent in this market.

And, there are no requirements. No minimum deposit. No direct deposit. It is so easy and well worth it for this account.

What do you do?

  • Click here to sign up with Cashbaq ( you get a $5 sign on bonus if you are new )
  • Go to WT Direct in the drop down box on the left
  • Click on the link thru Cashbaq to go to WT Direct and sign up for your savings and get a $30 bonus.

That is it. Within 7 to 10 days your bonus should appear in your Cashbaq account. Make sure you update your Cashbaq account with your payment information, so they can send you your money once it goes from pending to approved. I chose to get my money via Paypal, but they will also send you a check.

Cash-Back Christmas Shopping plus Online Coupons Galore at Mr. Rebates!



James said...

ok, let me get this straight...I can open an acct. with Cashbaq, get a $5 bonus for that, then open a WT Direct Svg acct through them and fund with say $5 and in 1 week(ish) they will give me a $30 bonus...that easy? Can I then close the account if I choose to?


busy mom said...

this is my first bank offer like this one.
It didn't ask me how I wanted the money transfer. Did I miss a step ?

How is easy is the quicken to use to keep up with all the savings you get?
I have spread sheet for what I spend on groceries and sales( just started by following).

Carrie @ Moneysavingmethods.com said...


It is that easy. Amazing, isn't it?

If you aren't planning on keeping the account, I would still keep it open until you actually get your payment ( in check or via paypal ) from Cashbaq.

They don't pay until your cash goes from pending to approved...which takes about 90 days. Then, they will cut you a check/paypal.

Ginny said...

It is showing $0 cash back for me

Carrie @ Moneysavingmethods.com said...

You mean when you go to Cashbaq, it tells you that you will get $0 in the drop down box?

Not sure if that is what you mean. Not quite following you.

Let me know.

Carrie @ Moneysavingmethods.com said...

Busy Mom,

Quicken is very easy to use...at least I think so. But, just me. It is free, so try it and if you don't like it...no need to use it.

In regards to transferring the money, give them a call. They may still have to process your paperwork.

Carrie @ Moneysavingmethods.com said...

Busy Mom,

Quicken is very easy to use...at least I think so. But, just me. It is free, so try it and if you don't like it...no need to use it.

In regards to transferring the money, give them a call. They may still have to process your paperwork.

busy mom said...

I see it is showing O now , where the $30 sign up bonus was.

Money Savin' Momma said...

I can confirm this offer has ended. I had an email from Karen at Cashbaq about this deal. Taken straight from the email:

"Unfortunately, as of this morning, we are no longer offering cash back for WT Direct. They have decided to leave our program."

So looks like this offer is gone! It's unfortunate, because we were going to share it with readers on our blog as well!

Oh well, on to the next great deal! :)

$ Money Savin' Momma $
Engineer a Debt Free Life (lots of freebies, bargains, and ways to make money online)

Carrie @ Moneysavingmethods.com said...

Thanks for the heads up.

Wow...I got that up just in time for a few of us to get in on it.

As long as they honor those of us who processed it before they took it down, I am OK with that.

I will write her now to make sure we will all still get our $30..those who got in on it anyway.

busy mom said...

I got my $30 this morning early, but I noticed it showed 0 when I went back later to check again. I am glad I got it early.

Thanks, Carrie for all you deals, ways to save and make extra income.

busy mom said...

I received this email just a few mins ago. PLease keep in mind that my acct. is still open.

but this is the email-
WT Direct has flagged many Cashbq signups and reversed the credit because they believe the accounts were opened for the sole purpose of collecting a rebate. They will be monitoring these accounts over the next several months and will consider reinstating cash back credit if they find them to be legitimate.

Cashbaq values both its members and partner stores. Without a cohesive relationship with both, Cashbaq would not exist. If WT Direct finds your account meets their criteria, they will reissue your rebate.

Thank you,


Carrie @ Moneysavingmethods.com said...

I have been getting emails asking what the underlining issue was and why they won't pay.

So, I am going to try and explain and this is my view of it...at least what I think happened.

Whether this is exact or not, you may want to write Cashbaq directly to find out all the details. I could be totally wrong.

My understanding is that Cashbaq had the offer up for $30 back when you sign up for a WT Direct account.

They had no stipulation or terms stated on how long, how much to invest, etc, etc ( as we know most bank offers do ).

WT Direct was NOT giving any bonus for signing up, I don't believe. They do periodically have bonuses they offer from their sites, as I have posted about them, but this was not thru them.

The bonus was coming from Cashbaq not WT Direct, but Cashbaq DOES get paid when new accounts are opened.

I believe they were giving you a share of their earnings from your account opening, but check with Cashbaq.

WT Direct found out that accounts were being opened ( and potentially closed..so just for the bonuses and not really interested in their product ) and decided to not pay Cashbaq.

Hence, since Cashbaq was not getting paid, they received no money to pay us with for our sign ups.

So, kind of a chain reaction.

Hope that clarifies the issue a bit.

You can feel free to email me if you have further questions.

Hollynn Kidwell said...

I got my $30.00 bonus. It was reversed and then the other day it came back up with a $30.00 credit to my account for WT Direct. Just wanted to let everyone know. Hope you all get yours too.

Misty said...

Hi Carrie,

My $30 bonus has been showing pending since 3/02/2009! It says it's payable date is 5/31/2009. I actually keep getting statements from WT direct, but the amount has YET to be taken out of my account and transferred to my WT Direct account, thus, I can't use it! Was yours already transferred to WT Direct?

Resourcemom4life,Sharon said...

Hi Carrie,
I just checked cashbaq this morning(it's been awhile) and my $30 from WT has been put back on. I should receive it by June. I have been depositing into my WT account on a weekly basis which may be why they did this. Thanks for all your great offers and tips. I have been saving like crazy. My goal is to do my first online offer this week.