Find an updated list of MECU promotions, bonuses and offers here.
Currently, MECU is offering a $200 bonus when you open a qualifying Checking Account and meet account requirements.
About MECU Promotions
MECU was established in 1936 and since then has grown to multiple branches located in the Baltimore area. The credit union offers personal and business banking services, as well as insurance and investment planning guidance.
| Eligibility: Membership in MECU is open to anyone through joining the American Consumer Council through the credit union. Membership is also open to those who live, work, attend school, or worship in the City of Baltimore, Maryland and to employees of Dixie Manufacturing, Alter Communications and to over 100 Select Employer Groups in the Baltimore area. |
I’ll review the current offer below.
MECU $200 Checking Bonus
- What you’ll get: $200 bonus
- Account Type: CashBack or Reward Checking Account
- Availability: MD (Bank Locator)
- Direct Deposit Requirement: Yes, $400+ (see what works)
- Credit Inquiry: Hard Pull
- ChexSystems: Unknown
- Credit Card Funding: Unknown, let us know
- Monthly Fees: None
- Early Account Termination Fee: Must keep account open for six months. If not, bonus forfeit.
- Household Limit: None
(Expires 07/27/2023)
| BMO Smart Money Checking ($300 cash bonus) | BMO Smart Advantage Checking ($300 cash bonus) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| Truist Checking ($400 bonus) | SoFi Checking and Savings ($325 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Get $200 when you open a CashBack or Reward Checking Account
- Enroll in eStatements
- Complete 12 or more Debit Card purchases
- Establish direct deposit of at least $400
- Eligibility Requirements: 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 May 26, 2023. Business and Fiduciary accounts are not eligible for this offer. Annual Percentage Yield (APY) for RewardChecking: if qualifications are met each monthly qualification cycle, balances up to $10,000 receive APY of 5.00%, and portion of balance $10,000 and over earns 0.20% APY, resulting in 0.20% – 5.00% APY depending on the balance. If qualifications are not met, all balances earn 0.05% APY for that cycle; APY for CashBack Checking is 0%. Rate information accurate as of May 26, 2023, and subject to change without notice.
- Bonus Requirements: To receive a $200 bonus, open a new, eligible MECU consumer checking account with a minimum opening deposit of $25 by July 27, 2023. All account applications are subject to approval. In the next checking cycle after account opening, complete the following qualifying activities: 1) receive a cumulative monthly total of $400 or more in qualifying direct deposits to the checking account; 2) complete 12 or more debit card purchases; and 3) enroll in paperless eStatements. 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.
- Bonus Payment: We will deposit the bonus into your new checking account approximately 30 days after validating all offer requirements have been met. The new checking account must maintain a minimum balance of $1 or more to receive any earned bonus payment. 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. MECU membership eligibility required.
(Expired) MECU $150 Checking Bonus
Get a $150 Bonus with MECU
MECU is offering a $150 bonus when you open a qualifying Checking Account and meet account requirements.
- What you’ll get: $150 bonus
- Account Type: Checking Account
- Availability: MD
(Offer expires October 31, 2019)
| BMO Smart Money Checking ($300 cash bonus) | BMO Smart Advantage Checking ($300 cash bonus) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| Truist Checking ($400 bonus) | SoFi Checking and Savings ($325 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Open a new consumer checking account with opening deposit of $25
- For two consecutive months after account opening, meet these requirements:
- Receive a cumulative monthly total of $500 or more in qualifying direct deposits to the checking account
- Complete 12 or more debit card purchases
- Enroll in paperless e-Statements.
- You will receive bonus amount within 30 days after you meet 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 adviser.
- 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.
How To Waive Monthly Fees
- Cashback Checking: None
- Reward Checking: None
- Basic Checking: None
- Simple Business Checking: $12 monthly fee. Maintain a $1,000 daily ledger balance to avoid the monthly account fee
- Access Business Checking: $16 monthly fee. Maintain a $2,500 daily ledger balance to avoid the monthly account fee
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Bottom Line
These are all the current MECU promotions and offers. If you are looking to join this credit union, they are offering this checking promotion for a limited time. However, if you are just searching for generous bonuses, there are definitely better offers out there.
If you don’t live in Maryland, you can check out more bank bonuses that are available in multiple states for more suitable offers.
CDs and Savings Accounts are a great way to earn and save money. For more information, check out our full list of some of the best Bank Rates and CD Rates nationwide.
*Check back for updated MECU promotions, bonuses and offers.
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