American Airlines Credit Union is offering one free order of checks to customers who open a Business Savings Account and a Business Checking Account with CheckCard Option. American Airlines Credit Union will credit the business savings account $40 to cover the check order. Check orders will include 150 single or duplicate checks, 40 deposit tickets, business register, endorsement stamp, vinyl cover, and standard logo. Click here for more information.
Altura Credit Union members who use their Altura debit card through 02.12.2012 will receive one entry into a drawing to win $5,000. Customers must register their account number online to be eligible and receive one entry. Additionally, when a member refers a friend to open a new Altura checking account by 02.29.2012, both will receive one entry into a drawing for a chance to win an Apple iPad 2. Click here for more information.
In response to the Bank Transfer Day movement, several credit unions and trusts are offering extra incentives to encourage consumers to make the switch from their bank. In addition to extended hours and additional staff, credit unions and trusts are promoting cash bonuses and great rates. According to a survey by CUNA, at least 650,000 consumers have joined credit unions within the last four weeks (cuna.org). Here are a few of the most interesting offers celebrating Bank Transfer Day:
• WV United FCU Offers 11.5% CD Rate
New members who move their account relationships to WV United FCU will be eligible to open a 6-month CD with an APY of 11.5% on balances up to $2,000. To qualify, the new member must open a checking or debit account, initiate direct deposit of their paycheck, get a debit card, and move their auto withdrawals or utilize EasyPay bill pay. Click here for more information.
• American Heritage FCU Offers Cash Bonus
American Heritage Federal Credit Union is offering new members up to $130. New members who open a checking account by 11.30.2011 with direct deposit will earn $50 and an additional $50 for their first bill pay. They will also receive a $25 Independence Check Card reward and $5 e-Statement reward. Click here for more information.
• Cash Bonus Offer at MidFlorida Credit Union
MidFlorida Credit Union will have free drinks and snacks on 11.05.2011 to celebrate Bank Transfer Day. Additionally, new customers who open a checking account by 11.30.2011 and sign up for direct deposit of at least $500 will receive a $127 cash bonus. Click here for more information.
• Co-op Services Offers $105 for Switching
New Co-op Services customers who shred their bank debit card and open a free Co-op Services checking account with direct deposit, e-Statements, and debit card will receive $105. Click here for more information.
• Pactrust Bank Pays $60 to Switch
Customers who open a new Value or Market Checking account at Pactrust Bank by 12.31.2011 and use their debit card at least once a month for the first 12 month will earn $5 cash back every statement period they use their debit card. Click here for more information.
PNC announced a new mobile banking feature that allows individual consumer and small business customers to deposit checks using an iPhone, iPod Touch, or iPad 2. PNC's mobile deposit can be used by any customer with access to PNC Online Banking and an eligible deposit account. Click here for more information.
Capital One has partnered up with Mitek System, a leading developer of mobile-imaging applications for smartphones, to develop a mobile check deposit feature. Mobile check deposit allows customers to deposit a check by using a smartphone’s camera to take photos of the front and back sides of a paper check. Click here for more information.
Panini, a global payments processing technology provider, has added ultraviolet (UV) light scanning capabilities to its market-leading Vision X check scanning platform in response to check truncation initiatives in India and other emerging markets. A key security feature is the inclusion of ultraviolet logos on all paper checks. Bank logos will be printed using UV ink, visible only under UV light. Click here for more information.