One of the nation’s largest credit unions, ESL Federal Credit Union, hopes to attract new checking account customers with a sign-up bonus of up to $75.
To earn the bonus from the Rochester, N.Y.-based credit union, you need to open a new checking account by Sept. 30 with a minimum deposit of $50.
You’ll get $25 for having a direct deposit made into your account, another $25 for making an online bill payment and $25 more for using your check card 10 times by Nov. 30.
Your bonus will be deposited into your checking account by Dec. 31.
The offer is available for ESL Free Checking and ESL Premier Checking accounts. The free checking account is your better bet. It has no fees and no minimum balance requirements.
The ESL Premier Checking account has a $6 monthly fee unless you maintain an average balance of $1,000 per month. While the account pays interest, it’s only 0.20% APY for the first six months and a negligible 0.05% APY after that.
You can also earn $50 for every friend and family member you refer to ESL who opens a checking account. The referrals must be made by Sept. 30, and the deposit will be made into your account by Dec. 31.
ESL’s roots date back to 1920, when George Eastman, the founder of Eastman Kodak Co., created the Eastman Savings and Loan Association.
Now anyone who lives, works or attends school in Rochester can join, along with employees of Eastman Kodak and dozens of other companies and members of other organizations. It just takes a $1 deposit in a Membership Daily Dividend account to join.
ESL Federal Credit Union has 19 locations in the Rochester area. You can open an account at a branch, on the phone or via online chat.
For more information, visit www.esl.org or call 800-848-2265.