Frequently Asked Questions

Let us help you understand our services.


Why did my application get denied?

The decision to provide a Member Bank account rests with the Member Banks themselves. Only the Member Bank reviewing your application can provide information as to why an application may have been approved or denied.

What is the verification process for a Meed User ID?

Once you have registered for a Meed ID, you will receive an email from the Member Bank with a verification code. This code is used to verify that you are the person applying for a Meed account. You cannot continue your Meed application unless you verify your identity.

What are the features of a Meed Account?

A Meed Account includes a paperless Checking Account, an interest bearing Security Savings Account, Peer-to-peer (P2P) domestic and international transfers between all Meed users, a co-branded debit card, and SocialBoost. In addition to these services, you can also view account balances and find Member Bank ATM locations.

How long does it take to receive my card?

Cards are sent from the Member Bank and are typically received within a week of opening your account.

How long does it take to process my application?

Applications are processed as soon as possible once received; however, the review timeframe varies by bank.

Can I save an application and complete it later?

Absolutely. During the application process your entries will be saved as you go so you can resume the application at a later date. It’s an easy process to complete so don’t worry.

Do I need to have a smartphone to use Meed?

Your Member Bank account and services are accessible either through your smartphone or Meed.net. You’ll get a lot more out of your Meed Member Bank account through our mobile application. The app is required for photo check deposits. Although it is possible to access all Bank features through Meed.net, Meed’s Mobile Application is designed primarily for smartphone use and offers Meed Users superior access to bank services wherever there is service.

What are the requirements to apply?

If Meed has engaged with Member Banks in your country, you must be 18 years old or older, have a valid government issued ID, and a permanent address.

Can I open a Meed account if I have bad credit or no credit history?

Meed’s Member Banks make every effort to provide accounts as acceptable by law. While there is never a guarantee of an account approval, every effort is made to accommodate applications wherever possible, and in compliance with law.

How will I know if I have been approved for a Meed account?

Member Bank which is providing Meed Financial Services will confirm your application status through the email address you provided during the application process.