Opened a checking account with the Credit Union on 7/31 and I am in shock. (pay, savings)

[moneymkt]

Just received an email letting me know that I received $8.00 cash back for all the check card purchases I made in August and another $9.95 which is a reimbursement for all the atm fees in August. Never experienced anything like this before and now glad I made the decision to join a credit union for my banking. The bank that I was with before 7/31 has not given me $17.95 at all during the whole year of 2017. I'm mad at myself for not joining the credit union a lot sooner.

Has anyone ever heard of this with any other credit union?

[Aredhel]

I've heard of quite a few banks (especially online ones) reimbursing ATM fees. I've never heard of reimbursement of check card fees, though.

[moneymkt]

Originally Posted by Aredhel

I've heard of quite a few banks (especially online ones) reimbursing ATM fees. I've never heard of reimbursement of check card fees, though.

No the cash back I received ($8.00) was from the purchases I made in August.

[selhars]

I guess that's a good credit union.

I've been with a credit union for decades.

Not all credit unions are the same, of course. But I've been doing less and less business with banks for years.

[moneymkt]

Originally Posted by selhars

I guess that's a good credit union.

I've been with a credit union for decades.

Not all credit unions are the same, of course. But I've been doing less and less business with banks for years.

The money i will get back every 1st of the month, should i apply that to debt or put it in my savings?

[Aredhel]

Originally Posted by moneymkt

The money i will get back every 1st of the month, should i apply that to debt or put it in my savings?

Depends.

Do you have an emergency fund? How much debt are we talking about, and do yo have a plan for paying it down?

My priorities for using the cash back money would be:

1. Emergency fund (until you have 6 months' expenses saved up), then

2. Pay down debt (until it's gone), then

3. Add to general savings

[moneymkt]

Originally Posted by Aredhel

Depends.

Do you have an emergency fund? How much debt are we talking about, and do yo have a plan for paying it down?

My priorities for using the cash back money would be:

1. Emergency fund (until you have 6 months' expenses saved up), then

2. Pay down debt (until it's gone), then

3. Add to general savings

Debt is currently at $2200. Ok so i will apply it to the debt each month.

[jayguy01]

I earn $40-50 a month in cash back, none of it from banks. You are way, way behind the curve. Bless you.

[moneymkt]

Originally Posted by jayguy01

I earn $40-50 a month in cash back, none of it from banks. You are way, way behind the curve. Bless you.

Well $18.00 is a month is a big boost from $0 lol

[Labonte18]

USAA used to reimburse the ATM fees, but I changed my account with them to a cashback account.. it gives a dime per debit transaction.. For August, I got $5.90 back.

For my cash rewards Visa, I got 24.72

I've just started throwing things on the credit card to get the cashback. Got about $90 this year between it and the checking.