Borrowed from BankGravy

$200 bonus for a new checking account at Metropolitan National Bank (NATIONWIDE)

Open a new checking account at Metropolitan National Bank, and receive a $200 bonus for the initial opening and establishing a monthly direct deposit of $500 into your account (for at least six months). *Although this may seem like a large deposit just for a bonus, there appears to be no requirement for you to leave the money in there (so if you want, you could let the deposit sit a couple of days, then pull it out). The coupon image is below for you to print out.

MNB has a "Free Personal Checking" account with no minimum balance requirement and no monthly fees. Another nice aspect of the account: "...pay no [MNB] fees to use any ATM worldwide, and any "foreign" ATM fees charged by owners of ATMs other than [MNB] are rebated."

This is separate from a previously similar promotion that they ran because you can now apply online!

The Details: The offer does not have an expiration date as of now. $200 bonus will be credited to the account after first full qualifying direct deposit posts. Bonus is considered interest and will be reported on IRS form 1099-INT. Account must remain open and full qualifying direct deposit active for 6 months from the date of account opening or the $200 bonus will be debited upon account closure. This offer is open to NATIONWIDE customers through their online application.

The Offer Coupon

The offer can be found on the MNB's website here, and info on the "Free Personal Checking" account is here. Apply for the account here.

paypal/ach in work as DD here?

How about hard pull?

dpjnyc said:How about hard pull?

per Bankdeal there is a hard pull.

Free checking with the $200 bonus requires activating full direct deposit ($500 minumum) of recurring payroll, government benefits or retirement account disbursements.

Wonder if I can set up a transfer from an investment account and call it a "retirement disbursement"?

alohasurf said:Borrowed from BankGravy

$200 bonus for a new checking account at Metropolitan National Bank (NATIONWIDE)

Open a new checking account at Metropolitan National Bank, and receive a $200 bonus for the initial opening and establishing a monthly direct deposit of $500 into your account (for at least six months). *Although this may seem like a large deposit just for a bonus, there appears to be no requirement for you to leave the money in there (so if you want, you could let the deposit sit a couple of days, then pull it out). The coupon image is below for you to print out.

MNB has a "Free Personal Checking" account with no minimum balance requirement and no monthly fees. Another nice aspect of the account: "...pay no [MNB] fees to use any ATM worldwide, and any "foreign" ATM fees charged by owners of ATMs other than [MNB] are rebated."

This is separate from a previously similar promotion that they ran because you can now apply online!

The Details: The offer does not have an expiration date as of now. $200 bonus will be credited to the account after first full qualifying direct deposit posts. Bonus is considered interest and will be reported on IRS form 1099-INT. Account must remain open and full qualifying direct deposit active for 6 months from the date of account opening or the $200 bonus will be debited upon account closure. This offer is open to NATIONWIDE customers through their online application.

The Offer Coupon

The offer can be found on the MNB's website here, and info on the "Free Personal Checking" account is here. Apply for the account here.Any chance you could write out the 'fine print' that's on the right of the coupon - its impossible to read on the scan.

I opened up an account with them last year with the same ongoing $200 promo.

Very easy to get the bonus - but they really do mean DD from employer or SS. At least when I went in they gave me a form to sign indicating these terms along with the fact that I had to open the account with min. $250 and not close it for 6 months - requiring DD each month - or the bonus would be forfeited.

Once open there was no minimum balance requirement. I have bill payed out most $$ leaving only a few dollars.

The negative is they do not have bank initiated ACH. But you can push or pull from another bank. Also their web site for me has always been a hassle to logon. That may be my computer's fault - that their web site just isn't recognizing it.

Also - they have only 3 branches - all in Manhattan. The branch I went to was really nice (near Grand Central Station).

The GOOD is that I got my $200 the day after my DD hit (which happened on day 60 of the 60 day time frame for first DD). No phone calls needed = no stress. Everything with them has been very good.

so, from what i can tell you must sign up for this promo in the branch?? the free checking is not available with the online app??

Have you set up full direct deposit from your employer or just partial direct deposit of at least $500? The terms of condition says "$200 bonus will be credited to the account after first full qualifying direct deposit posts". I don't know if they had the same terms previously. But it seems that they require FULL direct deposit now.

madshana said:I opened up an account with them last year with the same ongoing $200 promo.

Very easy to get the bonus - but they really do mean DD from employer or SS. At least when I went in they gave me a form to sign indicating these terms along with the fact that I had to open the account with min. $250 and not close it for 6 months - requiring DD each month - or the bonus would be forfeited.

Once open there was no minimum balance requirement. I have bill payed out most $$ leaving only a few dollars.

The negative is they do not have bank initiated ACH. But you can push or pull from another bank. Also their web site for me has always been a hassle to logon. That may be my computer's fault - that their web site just isn't recognizing it.

Also - they have only 3 branches - all in Manhattan. The branch I went to was really nice (near Grand Central Station).

The GOOD is that I got my $200 the day after my DD hit (which happened on day 60 of the 60 day time frame for first DD). No phone calls needed = no stress. Everything with them has been very good.

madshana said:Very easy to get the bonus - but they really do mean DD from employer or SS. At least when I went in they gave me a form to sign indicating these terms along with the fact that I had to open the account with min. $250 and not close it for 6 months - requiring DD each month - or the bonus would be forfeited.
Does this mean you were not able to determine whether or not a paypal or ACH transfer counted as a direct deposit?