|By PR Newswire||
|February 5, 2014 11:00 AM EST|
SAN DIEGO, Feb. 5, 2014 /PRNewswire/ -- The average checking account has 30 fees1. Even so, GOBankingRates finds Mission Federal Credit Union has chosen to go against the grain by paying its customers for referrals, rather than demanding excessive charges.
Mission Fed customers have the opportunity to earn $40 – increased from the $25 in previous referral campaigns – when they refer a friend or family member to join. The promotion is presently running and ends March 31, 2014; both existing customers and new friends or family who open a Mission Fed checking account are eligible to earn the $40, which is deposited directly into the account.
"Rising fees are a growing problem for bank customers, especially in this low interest rate environment," said Casey Bond, of www.GOBankingRates.com. "It's rare to find an institution that actually pays account holders – clearly, Mission Fed is taking into account the needs and preferences of its customers."
Presently, Mission Federal Credit Union offers several Checking Account options. Features include:
- No monthly fees with eStatements
- Initial deposits as low as $25
- Earned dividends tiered based on balance
- Debit cards with NO monthly usage fees
- More than 30,000 fee-free ATMs
- 24/7 access via MissionLink Online Banking
- Mobile Banking Apps with Mobile Deposit
"We're focused on rewarding our customers and providing products and services that simplify their lives while adding value," said Rob Miller, Chief Operations Officer, Mission Federal Credit Union. "The decision to increase Refer a Friend payout from $25 to $40 is a result of our desire to attract more customers and thank them for sharing the best kind of referrals – friends and family."
"Our customers do a fantastic job of sharing the story of their Mission Fed experience, so we wanted to show them some extra gratitude through the new Refer a Friend campaign," said Neville Billimoria, SVP Marketing and Membership, Mission Federal Credit Union.
For full rules, visit https://www.missionfed.com/refer-a-friend
All San Diegans are welcome, so visit any local branch, visit MissionFed.com or give them a call and open an account today.
GOBankingRates.com is a personal finance website that connects consumers with the best interest rates nationwide.
1 See "2013 Checking Account Transparency Report" (Aug. 2013). Available at wallethub.com/edu/2013-checking-account-transparency-report/987