Posted by William Charles on October 30, 2018
Rewards Checking

Published on October 30th, 2018 | by William Charles

6

4Font Credit Union Rewards Checking Account 4.08% APY On Balances Up To $15K – Direct Deposit Not Required [MI & In Branch only]

Offer at a glance

  • Interest Rate: 4.08%
  • Minimum Balance: None listed
  • Maximum Balance: $15,000
  • Availability: Michigan & in branch only. [Branch locations]
  • Direct deposit required: No, just deposit $500 or more
  • Additional requirements: See below
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Insured: NCUA

The Offer

Direct link to offer

  • 4front Credit Union offers the Straight4ward Rewards Checking Account. This offers 4.08% APY on balances up to $15,000 when the following requirements are met:
    • Deposit $500 or more (direct deposit not required)
    • Log-in to online/mobile banking one or more times
    • Make 15 or more purchases with your 4Front smart debit MastercardTM
    • Be enrolled in eStatements/eNotifications

Avoiding Fees

This account has no monthly fees to worry about

Our Verdict

Always nice to see a high yield rewards checking account with no direct deposit requirement and a nice big maximum balance. We need to know if it’s a hard or soft pull to open, but you should be able to ask that before opening the account in branch. If anybody has any experience with this account, please share your experiences in the comments below.

Hat tip to DepositAccounts

 



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Dave P
Dave P

To save others a click, I’ll point out that their branches are located in Traverse City and the Charlevoix/Petoskey area. Nothing anywhere near Metro Detroit, they are strictly “up north” along the Lake Michigan coastline.

Aby
Aby

You wont be saving much if u end up travelling back and forth to their branch locations

Alex
Alex

They have mobile check deposits, plus direct deposits count as part of the $500 deposit, so there’s no reason to travel after you have the account open. I don’t have the account so I don’t know for sure, but you should be able to do everything you need to do online as far as meeting the monthly requirements.

K
K

I wish I could do this, but I live in NJ. A free $51 a month on a $15,000 account is pretty good. If you get fast food/coffee with the required debit card transactions that means the interest pretty much pays for them.

Julia
Julia

So, my understanding is that you need to continue making a $500 deposit, logging in to mobile banking at least once, and making 15 purchases with the debit/credit card EACH month in order to qualify for the dividend that month. Am I correct?

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