$125 Checking Account Bonus at Meadows CU

Meadows Credit Union is offering $125 for opening their eChecking account with direct deposit. The account must be opened and direct deposit started by July 31, 2006 to qualify for the award. You must enter the promo code DH125 in the application. The direct deposit has to be from an employer or governmental source and not from PayPal or other non-employment direct transfers. You must be a new member with no previous membership. The $125 award will be paid in 5 $25 increments over 5 consecutive months after direct deposit has started.

The eChecking account is a free checking account with direct deposit. There doesn't seem to be a minimum balance requirement unless you want to earn a small 0.65% interest. In that case the minimum is $2.5K.

Credit for this find goes to this FW thread. According to this thread, they do a hard inquiry on your Trans Union credit report when opening a checking account.

Meadows has a CashEdge money trasfer system that makes it easy to move money between institutions. With eChecking you get unlimited free inbound transfers, but only 2 per month free outbound transfers.

Meadows has the least restrictive field of membership. All you need is an email address.