Are you constantly on the go? Do you enjoy the convenience of electronic banking? Do you want to earn interest and avoid those pesky maintenance fees?
We have the account to help manage your busy lifestyle. M&F Bank’s Dash Checking Account was designed with you in mind — an interest-bearing account with no monthly maintenance fees.
And if you’re concerned about the availability of ATMs, with Dash Checking, you may be eligible to receive up to $15 back per statement cycle with the M&F Bank nationwide ATM Fee Refunds.
- Open your account with a minimum deposit of $50
- Conduct a minimum of 15 debit card transactions that total at least $350 per statement cycle (transactions must post and clear during the statement cycle)
- Login at least once to online/mobile banking per statement cycle
- Receive an e-statement
- Complete at least $500 in Direct Deposits**, per statement cycle***, for three consecutive cycles.
Interest rate information:*
- 1.05% Annual Percentage Yield (“APY”) on balances up to $10,000
- An interest rate of .25% will be paid only for that portion of your daily balance that is greater than $10,000. The annual percentage yield for this tier will range from .25% to .26% depending upon the balance in the account
- .01% APY if qualifiers are not met
- *The rates stated above may change after the account is opened. APY is accurate as of January 1, 2018. Fees may reduce the earnings on the account.
- *The rates stated above may change after the account is opened.APY is accurate as of January 1, 2020. Fees may reduce the earnings on the account.
Earn $213 when you open a new M&F Bank Dash Checking account and take advantage of a higher rate of interest*. Then, within the first three full months after opening the account, complete at least $500 in Direct Deposits**, per statement cycle***, for three consecutive cycles.
This is a limited time offer valid February 27, 2020 – March 31, 2020. The reward will be deposited into your new account up to 8 weeks after all qualifications have been verified.
Terms and Conditions for the “M&F Bank Dash Checking $213 Reward”
Earn $213 for opening a new M&F Bank Dash Checking account and completing at least $500 in Direct Deposits* into the new checking account, per statement cycle, for three consecutive statement cycles within the first three full monthly statement cycles**.
Offer valid for new personal M&F Bank Dash Checking accounts opened with an M&F Bank representative at 116 W. Parrish St., Durham, NC 27701 or online via mfbonline.com from February 27, 2020 through March 31, 2020. You may be required to enter a promotional code to open the account. Other M&F Bank deposit products are not eligible for this promotion. Dash Checking accounts linked to another personal checking account are not eligible to participate in the offer.
See Account Opening & Enrollment Instructions below.
To be eligible to participate in the promotion:
You must be a new M&F Bank personal checking account client. Clients with an existing personal checking account with M&F Bank (either as the primary or joint account holder) are not eligible. You must not have closed a personal checking account within 180 days of the promotion start date (on or after August 31, 2019). The primary account holder of the participating checking account must be 18 years old or older at the time of account opening. M&F Bank employee- designated accounts (either as the primary or joint account holder) are not eligible for this promotion. Offer available only to U.S. residents with a Durham, NC. mailing address and a valid U.S. taxpayer identification number. The qualifying checking account must have a mailing address in Durham, NC.
The reward will be credited to the new checking account up to 8 weeks after the Direct Deposit and Dash Checking qualification requirements have been verified. “M&F Bank Dash Checking $213 Reward” will appear on the monthly checking account statement when the reward is credited to the account holder’s checking account. If the M&F Bank Dash Checking account opened in response to a Promotional Offer is converted to another account type or product, it may no longer be eligible to receive the M&F Bank Dash Checking $213 Reward promotional offer. M&F Bank will report the value of any reward received through any offer to the Internal Revenue Service as required by law. Any applicable taxes are the responsibility of the recipient. For any tax related questions, you should consult your tax advisor.
The new Dash Checking account must remain open and in good standing with a minimum balance of $0.01 until the reward is processed in order to receive the reward. If you close an account that was opened in response to the M&F Bank Dash Checking $213 Reward Promotional Offer, you are no longer eligible for that promotional offer and will not be able to receive any rewards applicable to that offer. If the Dash Checking account is closed by you or M&F Bank within 180 days after opening, M&F Bank reserves the right to deduct the reward amount from the account at the time of closing.
The minimum opening deposit (due at the time of account opening) for a new Dash Checking account is $50. The offer is non-transferable and may not be combined with any other checking offers. This offer is subject to change and may be discontinued at any time. All promotional payouts will be processed no later than December 31, 2020 at which point this promotion and any related disbursements will be considered final, and no further disbursements will be made.
*To receive the bonus and higher rate of interest, you must meet all qualifiers of the Dash Checking account to include opening the account with a minimum of $50, conducting a minimum of 15 debit card transactions that total at least $350 per statement cycle (transactions must post and clear during the statement cycle), logging in at least once to online/mobile banking per statement cycle, and receiving an e-statement.
**Direct Deposit: A qualifying Direct Deposit is an electronic credit of your salary, pension, Social Security or other regular monthly income deposited into your new Dash Checking account by your employer or an outside agency. Transfers made from one account to another or deposits made via a branch, ATM, online transfer, mobile device, debit card/prepaid card number or the mail are not eligible to meet this requirement. ***The statement cycle for the month in which the new checking account was opened will not be evaluated. For example, if your new Dash Checking account is opened in the month of February 2020, the full statement cycles for March 2020, April 2020, and May 2020 will be evaluated for the qualification requirements. Clients will qualify once they have met all requirements for three consecutive statement cycles.