AmTrust Bank customers who open a My Community Free Checking account with a minimum deposit of $1 in new funds by 04.13.2012 will receive a $100 gift card pack. Promotional gift cards will provide shopping credits of $25 to be used at four different eOutlet store retailers. Click here for more information.
CenterState Bank’s Three Free Make the Switch Incentive offers customers who make the switch to CenterState Bank a free gift, free checking, and a free debit card. They are also encouraging their members to enter the Life’s a Breeze Sweepstakes to win a 2012 Convertible Mustang. Click here for more information.
Washington Savings Bank customers who open a free checking with rewards account through 06.30.2012 will receive a free Kindle Fire or Kindle Reader. To qualify for the Kindle Reader, customers must set up a direct deposit of at least $1,000 per month. To qualify for the Kindle Fire, customers must set up a direct deposit of $1,000 per month, make at least 10 debit card purchases, and make three automatic withdrawals of at least $75 per month. 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.
Northern Star CU introduced the Kasasa Tunes checking account which rewards customers with digital downloads from iTunes or Amazon.com every month. Northern Star CU's Kasasa Tunes offers free checking, nationwide ATM fee refunds, no minimum balance, no monthly fees, and free online banking. In order to qualify, customers must use their debit card and sign up to receive monthly e-statements. If qualifications are met, this account earns 2.35% APY on balances up to $25,000 and 1.00% APY on balances over $25,000. Click here for more information.
Flagstar Bank is promoting their Free for Life Checking account that guarantees customers over 50 that they will never pay a monthly service fee again. The account provides free checks and free paper statements without any balance requirement or monthly service fee. Click here for more information.