Looks like they sent out a letter I'm gonna wait till April 1 to open the account
Here is the full text of the letter they sent out:
February 28, 2011
Dear Valued Customer:
BankDirect will be modifying our Mileage Program effective April 1, 2011. Your account may be affected by the new program structure. Please review the new program be low as it relates to your specific account type and the amount of deposited funds.
New account offer:
- Earn 1,000 miles for each new Mileage Checking Account or Mileage Money Market Account opened.
Additionally, earn 1,000 miles for every $100,000 in the initial deposit.
- Earn 10,000 miles for estabilishing payroll direct deposit into a Mileage Checking Account. *
- Earn 5,000 miles for using BankDirect's bill pay service. *
- Earn 5,000 miles for using your BankDirect Visa CheckCard. *
- Earn 1,000 miles for referring a friend when they open a Mileage Checking account.
New customers limited to 2 transaction accounts per household; one Mileage Checking Account and one Mileage Money Market Account.
Monthly earning opportunities:
- Earn 100 miles per month for every $1,000 of the collected balance in your Mileage Checking Account up to the first $200,000 on deposit. Earn an additional 25 miles per $1,000 for collected balances over $200,000.
- Earn 50 miles per month for every $1,000 of the collected balance in your Mileage Money Market Account up to the first $200,000 on deposit. Earn an additional 25 miles per $1,000 for collected balances over $200,000.
New Certificates of Deposit:
- Earn 1,000 miles for every $1,000 invested in a two-year Mileage CD purchase up to $200,000. Additionally earn 25 miles per $1,000 on balances over $200,000. **
- Earn 500 miles for every $1,000 invested in a one year Mileage CD purchase up to $200,000. Additionally earn 25 miles per $1,000 on balances over $200,000. **
- Earn 250 miles for every $1,000 invested in a six month Mileage CD purchase up to $200,000. Additionally earn 25 miles per $1,000 on balances over $200,000. **
BankDirect appreciates your business. The new Mileage Program has been designed with you in mind!
BankDirect Client Support is available at 1-877-839-2737 to assist you with any questions.
Sincerely,
Kerry B. Hall
Vice President
BankDirect Client Support
* Some restrictions apply. See BankDirect.com for program details after April 1, 2011.
** Early withdrawl penalties apply. See BankDirect.con for details.