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Has anyone received the $50 + $50 bonus related to funding checking account ... DD + 2 active BillPays + Online Statements ???
The terms say something like "Payroll deduction and Direct Deposit of tax refunds do not qualify."
What's up with that? I am having HR rout $$$ to SECu just to qualify for the bonus but after reading the prior highlighted portion, I am now wondering whether PayPal is the better option.
jackcrawfish said:...The terms say something like "Payroll deduction and Direct Deposit of tax refunds do not qualify."
What's up with that? I am having HR rout $$$ to SECu just to qualify for the bonus but after reading the prior highlighted portion, I am now wondering whether PayPal is the better option.
If you're saying that you've arranged with HR to recurrently direct deposit all or part of your paycheck to SECU, then that will qualify for the promotion.
I believe 'payroll deductions', which would not qualify, are such things as taxes, medical plans, retirement plans, etc. (I don't know why anyone would deposit these into SECU.) And tax refunds would also not qualify because they are a one-time EFT from IRS/State.
Also, "payroll deductions" may have a special meaning for SECU. There is a very good chance that some of their employers (like, the state), might send a file directly to SECU for people who just want a portion of their paycheck (like $50) to the CU, while the rest of the money is direct deposited via ACH.
jackcrawfish said:Has anyone received the $50 + $50 bonus related to funding checking account ... DD + 2 active BillPays + Online Statements ???
The way I read the terms, the first possible date where these bonuses should be paid is 11/30/07.
from SECU's offer said:-Offer effective from 9/29/2007 through 11/30/2007...
-These cash rewards will be deposited to the new checking account on the last day of the month in the months of November 2007 through January 2008...
According to SECU's CSR's, "payroll deduction" is where you instruct your employer to direct deposit your paycheck to your SECU savings(or some other SECU account), but instruct SECU to automatically divert some of each payment to your checking.
Duplicate..
jackcrawfish said:Has anyone received the $50 + $50 bonus related to funding checking account ... DD + 2 active BillPays + Online Statements ???
The terms say something like "Payroll deduction and Direct Deposit of tax refunds do not qualify."
What's up with that? I am having HR rout $$$ to SECu just to qualify for the bonus but after reading the prior highlighted portion, I am now wondering whether PayPal is the better option.
I opened account on 9/28 and got 50+50 bonus posted on 10/31. I did make total $140 DD (two times in a month) and online 1 bill CC partial payment. But I regret that I could not open 7-month CD 'cause could not move money out from FNBO on time. Deal was dead so quick. I only could get in 9.5k CD opened, not much bonus I got.
markkundinger said:So, I was doing some testing on ACH links to the prime share account at SECU. Planning ahead on how to get the money out when the CD matures.
As has already been mentioned, the standing instructions with SECU are to simply use SECU's routing number, and your regular member/account number.
However, with Fidelity, they only set up links to "checking" accounts. When this option is set, attempts to use either the SECU account number or the account number + share suffix fail.
With Schwab, I can set the account type to "savings", and then the link works fine with the standard instructions. (I've done deposits and withdrawals initiated through Schwab).
In conclusion, it seems that if you want to ACH to the prime share, it's vitally important that you set the account type to "savings".
I don't know about linking to SECU, but I've been able to link Fidelity to my HSBC Online Savings account. I just entered my savings account # in the checking account number box. It took several days for the link to complete (I think it took an extra day or two more than my other bank accts). I've initiated Moneyline/ACH to pull money out of HSBC savings, it works fine without problem.
Technologist said:Done!
Created a membership. Opened my share savings and checking. Set-up direct deposit (minimum $100), and will do at least one bill-pay every 60 days. That equals a $100.00 BONUS!
Was "upsold" on another promo.... have 9 services, get a $75 bonus... hmmmmmm, Checking, savings, ATM, direct deposit, and 5 of the SPECIAL CDS!!! Doing multiple CDS gives 2 benefits... got the $75 bonus, PLUS, if for some reason, I need MONEY, I can break 1 SMALLER CD (and pay the interest penalty on that one ONLY), leaving the other CDs intact!
Man, the 1099-div is gonna be HUGE from SECU this year!!!
Thanks again OP!
Quoting myself, so that I can point out that I received the $75 bonus on 10/31 (listed on SECU SAVINGS statement as "Deposit Dividend# - Relationship Dividend $75.00") and also received the $50 bonus on 11/08 (listed on SUCU CHECKING as "Deposit Dividend# - $50/$50 Checking Promotion Direct Deposit Credit $50.00").
Still waiting on the last $50 bonus (for online statements and BillPay).
Terms for the bonuses can still be found here:
http://www.secumd.org/givingthanks/secu_checking.cfm
Here's an option for what to do with your CDs after the promo:
Advantage Money Market Savings
Scroll to the bottom and you'll see some nice rates for large balances. The APYs are wrong, but the APRs are correct according to an email I received from SECU. The corrected APYs:
Tier Rate APY
<$25K 0.00% 0.00%
$25K+ 4.75% 4.85%
$50K+ 4.79% 4.90%
$75K+ 4.84% 4.95%
$100K+ 4.98% 5.10%
$200K+ 5.03% 5.15%
$500K+ 5.08% 5.20%
I might even open an account now and see if I can automatically dump my CDs into this account upon maturity.
lhendricks92 said:...I might even open an account now and see if I can automatically dump my CDs into this account upon maturity.
You can definitely transfer the balance of your CDs to the Advantage MMA, or any other SECU account, at maturity. But if you decide to open the account now, remember that NO interest will be earned if the balance in the Advantage MMA falls below 25K.
good point. i updated my previous post to reflect the $25K minimum balance.
Dear 2steps,
Thank you for registering for a class at the Community College of Baltimore County. We are doing a survey of all of our out of state students. Could you please verify the following address as yours and give a brief description on why you chose the Community College of Baltimore County for your continuing education needs.
markkundinger said:So, I was doing some testing on ACH links to the prime share account at SECU. Planning ahead on how to get the money out when the CD matures.
As has already been mentioned, the standing instructions with SECU are to simply use SECU's routing number, and your regular member/account number.
However, with Fidelity, they only set up links to "checking" accounts. When this option is set, attempts to use either the SECU account number or the account number + share suffix fail.
With Schwab, I can set the account type to "savings", and then the link works fine with the standard instructions. (I've done deposits and withdrawals initiated through Schwab).
In conclusion, it seems that if you want to ACH to the prime share, it's vitally important that you set the account type to "savings".Eh - I should have checked this thread. So on tuesday I realized, that I should open up the add-on cd w/ $100 just to have a safety net for the future in this falling rate environment. I have previously setup my SECU share savings in Fidelity and it was showing as active. So I pushed $100 on tuesday. Today I got an email from Fidelity saying that the transfer failed and SECU is now listed as inactive. And since I have no other bank->secu links setup, I'm gonna miss tomorrow's deadline. Oh well - I should have thought of it sooner.
jairocon said:markkundinger said:So, I was doing some testing on ACH links to the prime share account at SECU. Planning ahead on how to get the money out when the CD matures.
As has already been mentioned, the standing instructions with SECU are to simply use SECU's routing number, and your regular member/account number.
However, with Fidelity, they only set up links to "checking" accounts. When this option is set, attempts to use either the SECU account number or the account number + share suffix fail.
With Schwab, I can set the account type to "savings", and then the link works fine with the standard instructions. (I've done deposits and withdrawals initiated through Schwab).
In conclusion, it seems that if you want to ACH to the prime share, it's vitally important that you set the account type to "savings".Eh - I should have checked this thread. So on tuesday I realized, that I should open up the add-on cd w/ $100 just to have a safety net for the future in this falling rate environment. I have previously setup my SECU share savings in Fidelity and it was showing as active. So I pushed $100 on tuesday. Today I got an email from Fidelity saying that the transfer failed and SECU is now listed as inactive. And since I have no other bank->secu links setup, I'm gonna miss tomorrow's deadline. Oh well - I should have thought of it sooner.
If you can find a shared service center credit union around you, you can make the deposit it there. Or you can wire into the SECU acct. The premier checking has no incoming wire fee.
Will they do like the other promos and honor postmarks? If they do, you can mail in the cd app and check.
Forgot about this for a while
I logged in today and saw the $50/$50 posted on 11/30; I used paypal and worked fine. Also I got the $10 for the 7 month but missed the $75 because it was occupied elsewhere.
"Forgot about this for a while I logged in today and saw the $50/$50 posted on 11/30;"
However, I used payroll dd.
CycloneFW said:
If you can find a shared service center credit union around you, you can make the deposit it there. Or you can wire into the SECU acct. The premier checking has no incoming wire fee.
I know that meadows cu is part of the shared service center (cuswirl?) but is SECU also part of it? just curious
SECU is not a member a CU Swirl (shared branch services), so one could not make a deposit at one of those for SECU....In order to use one of those, your CU must participate also....
Got $50/$50 for me and DW. Looks like Fidelity ACH push counts as DD.
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