Deal has ended, view more bank account bonuses by clicking here.
Update 2/12/22: Bonus increased to $300, requirements slightly different. Hat tip to reader Christian W
Update 7/13/19: Bonus has been increased from $125 to $150.
Offer at a glance
- Maximum bonus amount:Â $150
- Availability:Â Must live, work, worship or attend school in one of the following counties: CA: Santa Clara, Alameda, Contra Costa, San Mateo, San Francisco AZ: Pima
- Direct deposit required:Â Yes, recurring direct deposits of $1,000
- Additional requirements:Â See below
- Hard/soft pull:Â Mixed DP, make sure to opt out of overdraft
- ChexSystems: Unknown
- Credit card funding: Up to $500
- Monthly fees:Â None
- Early account termination fee:Â Six months bonus forfeit
- Household limit:Â None listed
- Expiration date:Â None listed
Contents
The Offer
- Meriwest Credit Union is offering a bonus of $300 when you open a new smart rewards checking account and complete the following requirements for the first three months:
- At least 10 posted and cleared debit card transactions per month OR at least $500.00 in total posted and cleared debit card transactions per month (PIN or signature-based, not including ATM transactions);
- Establish direct deposit ($1,000 total minimum per month);
- E-Documents enrollment (receive monthly e-statements and account notices electronically).
- Account also earns 2% APY on balances up to $15,000 when the above requirements are met
The Fine Print
- Promotional offer starts on January 27, 2022 and is subject to expire at any time.
- Limit one bonus payment per member.
- To qualify for the Bonus, you must be over the age of 18, open a new membership and Smart Rewards Checking Account and meet the requirements for receiving the account benefits in the first three months of opening the account.
- Bonus will be deposited into the checking account within 10 business days of criteria being met.
- To qualify for stated REWARDS in each current month, members must have met the following criteria in the immediate previous month: 1) At least 10 posted and cleared debit card transactions per month OR at least $500.00 in total posted and cleared debit card transactions per month (PIN or signature-based, not including ATM transactions); 2) Establish direct deposit ($1,000 total minimum per month); 3) E-Documents enrollment (receive monthly e-statements and account notices electronically). Dividends earned will be calculated and ATM Surcharge Rebates will be refunded based on prior month-end data.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
The Your Choice checking account has no monthly fees to worry about.
Early Account Termination Fee
If you close your account within 6 months of account opening the $125 bonus will be forfeited.
Our Verdict
Need to know if it’s a hard or soft pull and if you can fund with a credit card. If anybody knows then please share it in the comments below, along with your experiences in opening the account. They also have a reversed savings account that might be worth considering.
Big thanks to reader, Hash K who let us know. Learn how to find bonuses and contribute to the site here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Link appears to be dead. Don’t see any signs of this still being around on the site.
Is it finally a SP or HP?
03/15/2022 Account opened and funded.
03/25/2022 $1001 DD from employer
03/29/2022 10 debits completed (amazon reloads)
03/29/2022 $300 bonus posted
Oddly enough, I got this one after doing the requirements for only one month instead of 3.
Wondering if we need to do this for another 2 more months? Will the bonus be taken away lol
I’m going to. I suppose you could pull the money out and close the account. But the hoops are minimal. And I’m taking advantage of the high interest rate.
Same with me!
403 – Access Denied. Looks dead.
Seems to be dead
Is there still a 6 month ETF on this? Can’t pull up terms anymore on the website.
Yes – still 6 mo.
Awesome bonus posted the same day I met the final requirement.
3/13: Account opened
3/22: 10 Amazon transactions
3/30: $1000 Schwab DD
3/30: $300 bonus posted
Offer dead? 403 – Access Denied
Seems like it
Was anyone charged a $3 fee to transfer out funds? The fee schedule says “e-Branch Transfer to Other Institution: $3.00/transfer”
Ya unfortunately it’s a part of the fees until you qualified for one of the higher membership tiers.
Oh I see. A monthly direct deposit qualifies you for Merit Plus, so I just have to wait until after I complete that to transfer out the funds. (Or ACH pull from my other account) Thanks
I couldn’t get Credit Card funding to work. I only tried the one card (US Bank Altitude Connect), since that’s the only SUB I’m working on right now. I eventually gave up and funded through bank account (sofi). Will probably park $14k or so in this account for the interest rate until I can close it.
What’s the definition of SUB?
Most CC fundings dont go through for US Bank cards unfort. Only PenFed, Desert have gone thru for me.