Update 9/11/22: Can be done online, view instructions here.
Offer at a glance
- Maximum bonus amount:Â $300
- Availability:Â MA, Southern NH select branches only
- Direct deposit required:Â Yes, no minimum specified
- Additional requirements:Â See below
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â None listed
- Household limit:Â None listed
- Expiration date:Â None listed
Contents
The Offer
- Metro Credit Union is offering a $300 Visa Reward Card when you open an account at their Dorchester, West Roxbury, Burlington, Peabody – Andover Street, and Reading Branch and complete the following requirements within 60 days of account opening:
- Complete one or more direct deposits
- Complete one or more debit card purchase
The Fine Print
- Terms & Conditions apply and are available at referlive.com/metrocuoffers or upon request at your local Metro Credit Union branch.
- Get a $300 Visa Reward Card when you register, open a new eligible Metro Credit Union My Reward Checking account at the Dorchester, West Roxbury, Burlington, Peabody – Andover Street, and Reading Branch and complete the following within 60 days of account opening: 1.) Complete one (1) or more direct deposits, AND 2.) Complete one (1) or more debit card transactions (ATM withdrawals excluded).
- Please allow 4-6 weeks for delivery of your Reward Card after completing all offer requirements.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
They offer a free checking account with no monthly fees.
Early Account Termination Fee
I wasn’t able to find an EATF in the fee schedule.
Our Verdict
Should be able to find out if it’s a hard or soft pull when applying in branch, share your experience if you go for this bonus.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Looking at my ReferLive account it shows the following:
Reward Issue Date Reward Amount
09/29/2022 $300.00
But I never received the card in the mail. Called CS and they told me they would call me back. Hopefully it shows up/they send me a new one
Messaged CS, they sent me a new one
~9/15 signed up for referlive online code.
~9/15 signed up for new MetroCU account online. Got error message “unable to authenticate identify”
~9/20 went into one of the listed branches and in person. Teller had me fill out hard copy form even though I had already done it online.
~10/10 small Debit card online purchase
~10/6-11/6 3 small real direct deposits
~11/5 $300 debit card received in mail. Only good through January.
My summary: Took more time than it should have because my online application didn’t work so had to go into branch. Luckily I live near one. Once it was open, requirements were easy to meet
Metro Credit Union membership is only opened to MA and part of NH
9/6 – Opened Rewards Checking, Rewards Saving, and Membership Saving accounts in branch
9/6 – Signed up with ReferLive
9/12 – Debit purchase at grocery store
9/13 – Payroll DD
9/29 – “Reward issued” shown in my ReferLive account
10/27 – $300 Visa gift card received in the mail
Note 1: Branch teller told me that the promotion expired when I opened the account, but obviously the ReferLive with the code still worked
Note 2: The Visa gift card will expire in 3 months. Better use it fast.
9/11 – Signed up via the ReferLive link
9/12 – Applied and approved using a former address in footprint. Realized I signed up with a different email address. Immediately signed up again with ReferLive for the right one after account was opened.
9/20 – Legit DD and debit card transaction
10/4 – Legit DD and debit card transaction
10/24 – $300 debit card received.
Opened 9/19
$1 DD 9/28
$1 Debit spend 9/29
$300 VGC arrived in the mail 10/24
Easy peasy bonus.
I received the $300 Visa Reward Card today! Envelope is from “Program Headquarters”.
Opened account online at ReferLive with code METRO300 in mid September.
I am in footprint. Used real employer DD.
I am happy this actually paid out 🙂
Keep in mind that, for the Rewards Checking account, there is a $22 monthly fee if you don’t have Direct Deposit, $12 monthly Inactivity Fee after 3 months, and a $3 Paper Statement fee. That’s nearly $50 per month in fees! I’m closing my account ASAP.
Based on others’ DPs, I forged ahead with this one, thinking I could be successful.
Used online link and the METRO300 code, but was unsuccessful at account opening due to identify verification. Made an appointment at a branch 2 blocks from where I live, waited 30 mins anyway and finally someone came over.
Blocker 1:for CC funding, my biz card was declined due to the cash advance request. Hmm, ok, I provided another card hoping the finalized transactraction will code as a purchase.
Blocker 2: I asked about the 300 bonus. Branch mgr said that promo has expired, but also that it was in effect for only the new branches.
Closed the 3 accounts that they just opened for me (reward checking, reward savings, member) and took 1900 cash back to my bank to pay the advance.
Definitely got unlucky here. YMMV
How did you close?
I think generally, trying to use a credit card for funding your account while in branch will almost always be a cash advance versus doing it online. At least I heard someone told me that before.
Anyone else see two “Membership Account”s when opening?
Also, anyone have any DPs on closing?
I just opened the checkiing account – it was super confusing and at first I only had the membership savings $5 account without understanding why. I called and they opened the checking account over the phone so I’m good there and will be sending me a link for a form you need to fill out for $300 visa card. She was very insistent/clear that the DD had to be from a payroll or SS so I’m crossing my fingers that my DD from my Chase push will work. There are no DPs in the DoC List of Things Banks Consider a DD for Metro so we’ll see.