[PA only] Meridian Bank $200 Checking Bonus

Offer at a glance

Maximum bonus amount: $200
Availability: In branch only, all branches are located in PA [Branch locator]
Direct deposit required: Yes, $250+
Additional requirements: Maintain minimum daily balance of $200 and complete 5 purchases and or payments
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown, unlikely due to in branch opening required
Monthly fees: None
Early account termination fee: Six months, bonus forfeit
Household limit: None listed
Expiration date: None listed

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Early Account Termination Fee
4 Referral Bonus
5 Our Verdict

The Offer

Direct link to offer

Meridian Bank is offering a checking bonus of up to $200 when you open an account in branch. You’ll receive a bonus of $50 each month the when you complete the following requirements (can be done for the first six months and finishes when you earn a maximum of $200):
- Maintain a minimum daily balance of $200 in the Free Interest Checking or Relationship Checking account.
- Set up a monthly (or more frequent) qualifying direct deposit. A qualifying direct deposit is your salary, pension, Social Security, or other regular recurring income of $250 or more, electronically deposited to your checking account by your employer or an outside agency. Transfers from one account to another or deposits made at a relationship center do not qualify as direct deposits.
- Make at least 5 purchases and/or payments using the debit card attached to the checking account opened for this offer.

The Fine Print

One bonus per person.
Offer not available to existing checking customers or to those with a Meridian checking account that has been closed within the last 12 months.
Offer must be referenced at time of account opening to receive the bonus.
Bank reserves the right to limit each customer to one new account-related incentive per calendar year.
All requirements must be met and qualifying activity must be initiated and post to the account each month to obtain the $50 bonus for up to $200 (4 months X $50 per month).
Bonus will be deposited into your new account within 15 days after the end of each statement cycle meeting requirements.
Eligibility for the bonus ends either six months after account opening or aggregate bonus total equals $200, whichever comes first.
If the checking account is closed by the customer or the bank within six months of opening, the bonus amount will be deducted from the account balance at closing. The value of this bonus may be reported to the IRS and the recipient is responsible for any federal, state, or local taxes on this offer. Consult your tax adviser. Not valid with any other offer. Limited-time offer. Offer subject to change at any time.

Avoiding Fees

The free checking account has no monthly fee. The relationship checking account has a monthly fee of $25 and that is waived if you maintain a minimum daily balance of at least $15,000.