Find the latest MECU bonuses, promotions, and offers here.
Currently, they have a $200 offer for opening a checking account and becoming a member of the credit union.
MECU Bonuses Review
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 go over all MECU bonuses & offers below.
MECU $200 Checking Bonus
MECU is offering a $200 bonus when you open a new qualifying checking account.
- What you’ll get: $200 Bonus
- Eligible account: Checking
- Where it’s available: MD (Bank Locator)
- Credit Inquiry: Unknown
- Direct Deposit Required: Yes
- Monthly Fee: $0
- How to earn it:
- 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
(Expires 07/27/2023)
Fine Print
- 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.
MECU $150 Checking Bonuses (Expired)
MECU is offering a $150 bonus when you open a new qualifying checking account.
- What you’ll get: $150 Bonus
- Eligible account: Cashback Checking, or Reward Checking
- Where it’s available: MD
- Credit Inquiry: Unknown
- Direct Deposit Required: Yes
- Monthly Fee: $0
- How to earn it:
- 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
- Complete 12 or more debit card purchases
- Enroll in paperless e-Statements.
(Expired)
Fine Print
- The new checking account must remain open with a balance of $1 or more to receive any earned bonus
- You are responsible for any federal, state, or local taxes due on the bonus
- Consult your tax adviser
- If the checking account is closed within six months, bonus can be deducted
- Offer is non-transferable
- 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
- RewardChecking: 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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Conclusion
MECU is currently offering a generous bonus. Take advantage if this offer is what you look for in a banking experience!
MECU rates are alright for a traditional bank, however its hard to compete with online banks, so check our best rates Savings, Money Market, and CD accounts.
If you’re not are a resident in Maryland, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Additionally, leave a comment below letting us know about your experience with MECU!
Check back often for more MECU Bonuses, Promotions, or Offers!
