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Grant

Here are my data points for this account:

* 8/30 – checking and savings account opened, funded with Citi Double Cash
* 9/9 – $500 real DD posted to the checking account
* 9/23 – $500 real DD posted to the checking account
* 10/12 – received $100 bonus (Dep DV Checking 100 Bonus)
* 11/1 – received $200 bonus (Dep DV MERIT GOLD $200 BONUS)
* 11/9 – closed account

I called Meriwest Credit Union (1-877-637-4937) this morning to request to close my account. Rep instructed me to sign into my account and send a secure message to request the account closure. Now I need to wait for the message to be received and processed. Pretty easy process.

Matt
Matt

Just received the $200 bonus for reaching Merit Gold. Does anyone know if there is an early termination fee? There’s conflicting information in the DoC post above. Any issues with stopping the DD and withdrawing funds from the account?

Jas
Jas

7/30: Opened checking account + savings account
August: Pushed $5k from Ally Bank to checking account
September: Pushed $1001 from Ally Bank to checking account
9/1: $100 bonus posted
10/25: $200 bonus posted

HW
HW

$200 portion of $300 bonus paid out this morning. Used 2 real DDs – in Sept and Oct. Hit $5k plus balance about a week or so after account opening in late Aug, due to setting up trial deposits. $300/300 posted now, so pretty straight forward.

3Men
3Men

Just got paid out the $100 part of the bonus, opened in early August and did an early in the month $1k DD Aug/Sept/ and a third one in Oct just in case. Now see if the $200 one pays out, opened 2 savings accounts and have kept $5k in there. Funded the $5k within the week I opened since I could not find a way to do it at account opening.

3Men
3Men

Also got second part of bonus $200 on 11/1/22. Did real DD Aug/Sept/Oct to be safe and keep the $5k split between checking and 2 different savings accounts

MS
MS

looks like the offer has ended William Charles

charlie
charlie

How does the “5,000 average daily balance” work? For Merit Gold. Does that start the MOMENT you open the account, or starting the second month? The customer service representative could not help me whatsoever.

MS
MS

Just spoke to a CS agent. And they mentioned its from the day the account is opened!! Damn!!

Dude
Dude

Has anyone tested Direct Deposits via ACH push from other bank accounts & received the bonus? I wonder if it works because right now I don’t have a real DD to qualify.. Thanks in advance!

elleni
elleni

believe just any ach transfer I used Sofi push and got a check mark.

Dude
Dude

elleni What do you mean by “check mark”? Did you receive the bonus? That’d be great news! 🙂 Thanks!

elleni
elleni

I have not received the debit card yet so no bonus.
Check mark means the requirement met

Below is from website for Smart Rewards Checking requirements,
Debit Card Transactions (10) or Debit Card Purchases ($500)
Receiving eStatements
Have Direct Deposit ($1,000 total monthly minimum)

Dude
Dude

elleni Does the above mean that you received the bonus? Thanks!

elleni
elleni

There is no way to meet another requirement for opening just one week, that is
$5,000 average daily balance in total deposits and loans
I’ll know after 2 statement cycles.

Dude
Dude

elleni I can’t understand what you wrote right above, but I guess what I’m really trying to find out is if the SoFi push (I assume it’s just a regular ACH transfer) registers as a proper/”real” direct deposit or not. So I guess we’ll have to wait and see. The reason I ask this is because for many banks it does not work..

MM
MM

Anyone open recently? Soft or hard pull?

Toni
Toni

What 3 products did you open? Most are loans, which I take you are not taking. The only ones that are not loans are share savings, share certificates and money market. Are these the three products that you are opening? From my understanding, money market accounts require a min of $10,000 and certificates a min of $1000, and savings a min of $100, so in total one needs at least $21,100. Also, my reading is that you need to have them at the end of the 3rd month, not necessarily the first two months or after the third month. Am I reading this correct?