Dedicated to Deposits: Deals, Data, and Discussion

$100 Checking Account Bonus at a California CU (Meriwest)


Meriwest Credit Union
Meriwest Credit Union is having a checking account promotion. The credit union will pay you $25 for opening a new checking account and $75 for signing up for monthly direct deposit of $500 or more. The Free Checking qualifies.

Some important terms of this deal include:
Member must establish Direct Deposit within 45 days of opening the checking account to receive $75 Direct Deposit bonus. Direct Deposit bonus will be deposited 90 days after checking account is opened. Bonus will be reported as interest income to the IRS.

Last week I reported on Meriwest's 5.50% money market account promotion. This is still going on. It appears a member could participate in both promotions.

Field of membership includes those who live, work or study in Santa Clara, Alameda, Contra Costa, San Mateo, or San Francisco County. Select Employer Groups include IBM employees and retirees. Family members and other SEG's can also qualify. See site for details. Membership requires a one-time fee of $5.

Branches are located in California cities of San Jose, Milpitas, San Mateo, Mountain View, Palo Alto, Menlo Park, Dublin and San Ramon. There are also two branches in Tucson, Arizona.

The credit union is federally insured by the NCUA (Charter # 68394). It has $1.1 billion in assets and 74,989 members.

Related Pages: California, Meriwest Credit Union, checking account

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