Posted by William Charles on September 29, 2019
Bank Account Bonuses

Published on September 29th, 2019 | by William Charles


[Expired] [MD, Baltimore City] MECU Credit Union $150 Checking Bonus

Deal has expired, view more checking bonuses by clicking here.

Offer at a glance

  • Maximum bonus amount: $150
  • Availability: Anyone who lives, works, worships or attends school in Baltimore City
  • Direct deposit required: Yes, $500+ for two consecutive months
  • Additional requirements: See below
  • Hard/soft pull: Hard pull
  • ChexSystems: Unknown, not sensitive
  • Credit card funding: Unknown 
  • Monthly fees: None
  • Early account termination fee: Six months, bonus forfeit
  • Household limit: None listed
  • Expiration date: October 31st, 2019

The Offer

Direct link to offer

  • MECU Credit Union is offering a bonus of $150 when you open a new checking account and complete the following requirements for two consecutive months after account opening:
    • Set up and receive direct deposits totaling $500 or more
    • Make 12 or more debit card purchases
    • Opt in to paperless eStatements

The Fine Print

  • This offer is valid for new consumer CashBack Checking and RewardChecking accounts. This offer is intended for new checking members only. You are not eligible for this offer if you are a current owner of a MECU consumer checking account as of June 20, 2019.  Business and Fiduciary accounts are not eligible for this offer.
  • To receive a $150 bonus, open a new, eligible MECU consumer checking account with a minimum opening deposit of $25 by October 31, 2019. All account applications are subject to approval. For two consecutive months after account opening, complete the following qualifying activities: 1) receive a cumulative monthly total of $500 or more in qualifying direct deposits to the checking account; 2) complete 12 or more debit card purchases; and 3) enroll in paperless e-Statements. A qualifying direct deposit is the member’s salary, pension, Social Security, or other regular monthly income, electronically deposited through the Automated Clearing House (ACH) by your employer or third party.
  • We will deposit the bonus into your new checking account within 30 days after meeting all offer requirements. The new checking account must remain open with a balance of $1 or more to receive any earned bonus payments. You are responsible for any federal, state, or local taxes due on the bonus and we will report as income to the tax authorities if required by applicable law. Consult your tax advisor.
  • If the checking account is closed within six months of account opening, MECU reserves the right to deduct the bonus from the account at the time of closing. Offer is non-transferable and cannot be combined with other offers. This offer is subject to change and may be discontinued at any time without prior notice. Membership eligibility required. Other restrictions may apply.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Neither account has any monthly fee to worry about

Early Account Termination Fee

Bonus needs to be kept open for six months otherwise bonus will be forfeit

Our Verdict

We need to know if it’s a hard or soft pull to open before determining if this worth doing or not. If anybody goes for this bonus then share your experiences in the comments below.

Useful posts regarding bank bonuses:

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William Charles The availability for this bonus is much wider. It’s open for Maryland, Delaware, D.C., Pennsylvania and Virginia residents.

But, I spoke with a representative and said it was HP with Experian for a checking account.


American Consumer Council: You can qualify for membership if you choose to support our partner nonprofit, American Consumer Council (ACC). When you select this option, MECU will make a one-time support payment to ACC at no cost to you. You must reside in Maryland, Delaware, Washington D.C., Pennsylvania or Virginia.

Gadget 🕵️

Applied today. No instant account number given. Loanspq application login shows instant approved, so that gives me (a false sense?) some hope.

DP: No CC funding – Funding options included:

– ACH from an external bank, up to $1000. Must manually type RTN & Acct number. No Plaid/Yodlee link option.
– Transfer from an existing MECU account.
– Mail a check.

You do have to put at least $5 in savings, and $25 in the checking. Like many credit unions, that $5 in savings is probably untouchable until you close out your membership.

No HP alarms upon submitting the application.

Selected American Consumer Council member as part of the application. As IS250 mentioned, says you must reside in Maryland, Delaware, Washington D.C., Pennsylvania or Virginia.

Per the instant e-mail from MECU, they will e-mail me in “4 business hours” with next steps. Per the last page of the application, I should expect to have to sign Docusign documents. So, I suspect I will not know anything until Monday. I will report back how it goes. FYI William Charles

Gadget 🕵️

DP: HP EQ – not Chex sensitive. Not footprint sensitive as long as you reside in the 4 states listed or DC.

This afternoon, I got prompted via e-mail to e-sign documents. Says my account was opened on Saturday, 10/05. Submitted signature, and a few minutes later, received Welcome to MECU e-mail. Included were vague directions to download the app, and signup for Online Banking using your member number from the application, in backwards order. Not my 1st rodeo, but some people would probably have issue, because you also had to create an e-sign login that was separate from online banking.

I got all that setup without issue. And suddenly, hours later, I get a Credit Karma alert. “Municipal Empl Cr Un Inquiry from Oct 07, 2019” was added to my Equifax.

Part of me wants to call and complain about the HP, but I know they will say it’s just part of the application process that I agreed to. And I can’t really dispute it AFAIK.

So, DP: Hard Inquiry – Equifax (Not Experian like IS250 was told.)
Not Chex Sensitive. 5/3, 8/6, 20/12, 43/24, for Chex. FYI William Charles

Gadget 🕵️

Recv Debit Card today. Activated no problem. You set your own PIN over the phone while activating, so no waiting on a perforated pouch.

Sent an SM asking:

1. If promotion was attached (because there was no clear promo code to use online)

2. If I need to completed my transactions (DD & Debits) this month and next month, or since I just opened, do I need to complete them in November and December? Glad I did:

“Our records indicates that your account was opened in October, therefore as long as you meet the promotional qualifiers in November and December, the promotion bonus will be credited in January.

Please see the Promotional Qualifiers below:

1) Set up and receive a cumulative monthly total of $500 or more in qualifying direct deposits to the checking account;

2) Complete 12 or more debit card purchases;

3) Enroll in paperless e-Statements.

The promotional qualifiers cycle dates are as follows

Oct 30 – Nov 26 for November
Nov 27 – Dec 26 for December”

I like their transparency… unlike Wells Fargo where we debate calendar, statement, or rolling 30 day months. Hopefully it is good intel. FYI William Charles IS250

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