How to Maximize Your Reward Checking Account Benefits

How to Maximize Your Reward Checking Account Benefits

Spending money is an inevitable part of life, so why not put the money you spend to work for you? From necessities such as food and housing to recreation and entertainment, you can earn perks on daily transactions with a reward checking account. The best part? You don’t have to change your habits, only your checking account.

What is a Reward Checking Account?

Reward checking accounts provide a multitude of benefits and incentives for everyday banking activities. Each rewards program varies, offering a range of perks for fulfilling specific monthly criteria. To fully maximize the advantages of a reward checking account, completing all the required steps is crucial. However, it is essential to note that these incentives are specific to each financial institution, so take the time to understand the offer before signing up for an account. Read on to learn how to maximize your rewards with our Reward Checking Account!

Vermont Federal Credit Union's Reward Checking Account

Vermont Federal Credit Union puts money back in your pocket with a checking account where your rewards really add up. By opening an account, you can earn up to $300 per year in interest and up to $300 per year in ATM fee refunds. So, how do you take advantage of these fantastic rewards? Read on as we outline the steps to maximize the value of your Reward Checking Account! 

Complete the following steps by 7 pm EST on the last day of the monthly statement cycle to maximize your monthly rewards bonus!

Switch to E-Statements

Paper statements have been around forever, but when you think about it, that's a lot of paper! By choosing electronic statements instead of paper, you gain easy access to your account information and transactions online or through a mobile banking app and contribute to a greener planet. It's a win-win situation for both your finances and the environment!

Log Into Online Banking

Take advantage of the convenience of online banking by using your online banking portal to manage and monitor all your transactions effortlessly. Whether you're on your desktop or mobile device, this user-friendly portal allows you to easily stay on top of your finances. And that's not all! You can even view your credit score for free using our Credit Score tool powered by SavvyMoney. Embrace the power of technology and take control of your financial future today!

Complete 12 Debit Card Transactions

You probably use your debit card quite frequently. If so, this step requires minimal effort on your part. Make at least 12 debit card transactions within each calendar month to make the most of your rewards. It's important to note that these transactions must be cleared and posted by the deadline, so don't wait to leave them until the last minute. Get a head start on tackling your purchases and watch your rewards grow!

Complete One ACH Payment or Direct Deposit

Lastly, to be eligible for your monthly bonus rewards, simply complete either one ACH payment (ACH, also known as an Automated Clearing House, is a convenient electronic fund transfer system that connects banks and credit unions.) or you can complete a direct deposit into your checking account. The transaction must also be cleared and posted by 7 pm EST on the last day of the monthly statement cycle to count towards your rewards.

Other Checking Account Perks

In addition to the bonus rewards from your reward checking account, all Vermont Federal Credit Union Checking Accounts include the following perks!

  • No minimum balance
  • No monthly maintenance fees
  • Overdraft Privilege Plus (ODP) (Restrictions Apply)
  • Simple Online Check Ordering
  • Monthly statements
  • Enhanced debit card with access to the surcharge-free Falcon ATM Network

About Vermont Federal Credit Union

Vermont Federal Credit Union is a $900 million-plus full-service, not-for-profit, cooperative financial institution that has served Vermonters for more than 70 years, with eight locations currently serving over 50,000 members. Members are part of a cooperative, meaning they share ownership in the Credit Union and elect a volunteer board of directors. Vermont Federal Credit Union provides membership to anyone who lives, works, worships, or attends school in Vermont. Vermont Federal Credit Union is committed to supporting its communities and helping Vermonters prosper, no matter where they may be on life’s journey. Learn more about Vermont Federal Credit Union. 

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