I will be keep adding to this list as I do more research.
2 types of Mileage Checking Accounts
1- Mileage Checking Account- Fee free for balances over $2,500, otherwise $15/month.
2- Mileage Money Market Account (for savings) - Fee free for balances over $10,000, otherwise $15/month.
Before opening one of these account, first open an American Airlines Aadvantage Account. You will use this account number to receive your free miles.
How to Earn Miles:
1- Earn miles by referring friends, you get 1,000 miles and they get 1,000 miles. For both of you to receive miles, you must go to your Manage Account Section and request mileage for your friend by filling out the Referral Template.
2- Earn 1,000 miles when you open a Mileage Checking Account and fund it.
3- Earn a one time 10,000 miles credit by depositing ALL sources of income for 3 consecutive month by using direct deposit.
4- Earn 100 balance miles for every monthly average balance of $1,000 you have in your Mileage Checking Account, up until $200,000 and then 25 miles for every $1,000 after that. Earn 50 balance miles for every monthly average balance of $1,000 you have in your Mileage Money Market Account, up until $200,000 and then 25 miles for every $1,000 after that.
5- Earn Bill Pay Miles by paying 3 bills per month, for every month for the first year you have the account and earn a one time 5,000 miles credit.
Bill Pay is free but you have to pay a fee for charitable donations and gift checks.
6- Earn 3,000 Visa Check Card miles by using your Visa Check card for 12 transactions per month for 3 consecutive months.
Any time you have met any of the above requirements, you must contact bankdirect to let them know, so that you receive your mileage credit. It takes about 6-8 weeks for the miles to post to your Aadvantage Account.
BankDirect Mileage CD - deposit $65,000 for a 6 months CD and receive 16,250 Aadvantage Miles, takes 6-8 weeks for miles to post.
How to Earn Miles:
1- Deposit $500 or more into your account the first month and earn 2,500 miles.
2- Every month you earn 1 mile per $20 you have in the account.
* Rewards miles get automatically posted 60 days after the end of each month.
* You are not limited to one frequent flyer program. You can redeem miles for cash, travel or more and you can transfer miles to others of certain US rewards accounts.
* There are no monthly fees or balance minimum, open account with $1.
* Access your money with free checks, ATM card and online transfers (limited to 6 per month).
* You can set up free automatic recurring deposits into your account.
Why I like these Rewards Checking Accounts:
Pelican State Credit Unions Extra Bonus Checking - 4.01%APY up to $20,000, free foreign ATM fee up to $12
Consumers Credit Union 4.09%APY up until $10,000 no minimum balance, no ATM fees
Home Federal Bank's Smart Rewards Checking (MUST OPEN ACCOUNT IN PERSON) - 4.00%APY up until $25,000