First Heritage Bank $50 Promotional Campagn for opening a checking account - SCAM, SCAM, SCAM! Snohomish, Washington
First Heritage Bank promotes a campaign to sign up new customers by offering $50 for opening a new checking account. FHB has a large 4-color banner outside their buildings and in print to promote this GREAT OFFER.
It is all a SCAM!
After signing all paperwork, FHB informs you that you won't receive the $50 for 3 months as they don't want to "encourage people to sign up for new accounts and then immediately close them. The only caveat is that it remains in good standing and you keep at least $1.00 in the account at all times."
The SCAM is that FHB invents new rules when you try to collect it.
They refuse to pay it.
You will also see that the FDIC has shut down some of these branches when searching on google.