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$101 Checking Account Bonus at a Maryland Bank (Mercantile)

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Mercantile Bank is offering a $101 bonus for opening either its Custom Checking or Classic Direct Checking Account. This promotion doesn't seem to be listed at the bank's website. A reader mentioned this promo in the comments, and I called the bank today for the details.

The minimum opening deposit required is $50. However, to avoid monthly fees, the Custom Checking requires a combined balance of $2,500 and the Classic Direct Checking requires a monthly direct deposit (recurring ACH deposit should also be eligible). More info on these checking accounts is available at this Mercantile webpage. The bonus will be credited within 90 days. The offer has just recently been extended through June 30th.

A branch visit is required. Branches are located in Baltimore and several other cities in Maryland. Mercantile Bank was recently merged into PNC Bank. According to the bank's website, Mercantile customers will become PNC Bank customers in September 2007.

Thanks to the reader who mentioned this bonus in the finding deals post.
  Tags: Maryland, checking account

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