Mutual 1st Federal in Omaha, Neb., offers its members many financial services to save time, as well as protect and grow their money. These services include mobile technology, a nationwide network of branches and high-yield checking account rates. Anyone in the Omaha area looking to get more from his banking institution in terms of 24-hour access and secure services should consider the following five benefits of switching to Mutual 1st Federal.
1. Deposit Checks Remotely With Mobile Banking
Mobile banking helps members see their balances, transfer funds and deposit checks from their phones or tablets. Checks can be deposited without stepping foot into a bank branch by using DeposZip, a secure online app for iPhone or Android. Remote deposits are made simple, as the app uses a snapshot of an endorsed check sent through your smartphone or tablet device to deposit the funds.
2. Use Over 5,000 Shared Branches Nationwide
Shared branches allow members to use credit unions across the country to make deposits, transfer funds, make loan payments and conduct many other transactions. The CO-OP shared branch and ATM network allows Mutual 1st Federal members to visit more than 5,000 locations in the United States to make withdrawals and deposits, just like at a Mutual 1st Federal branch. To use the shared branch network, all you need to do is provide the following information:
Name Mutual 1st Federal as your credit union
Provide your account number
Show a government-issued photo identification
Shared branches benefit anyone who is nervous to give up the convenience of a large banking institution. Plus it helps members keep more money deposited, rather than spent on out-of-network fees.
3. 24-Hour Online Banking Access
Mutual 1st Federal's online banking portal allows all-in-one access for all your banking interactions, including the use of online bill pay to automatically make payments without ever worrying about postage.
Members can rely on eAlerts to know when an account balance goes below a specific level or when certain checks clear. Mutual 1st Federal's free online banking provides security for your information, as well as 24-hour access, so you're always connected to your money.
4. Earn a High Yield With Rewards Checking
Checking accounts are one of the most important banking products people use on a daily basis, so securing a free checking account that earns high interest is a great way to pair convenience and dividends. Members qualify for up to 2.21% APY* on balances up to $15,000 and get reimbursed up to $25 for ATM fees nationwide if these three requirements are met:
12 signature-based debit card transactions are cleared each cycle
One monthly direct deposit is posted and cleared
Account is enrolled to receive e-statements
* Visit site for details (http://www.mutualfirst.com/personal/checking/rewards-checking.html)
5. Open a Mutual 1st Federal Checking Account Easily With Switch Kit
Opening a Mutual 1st Federal checking account is made simple thanks to Switch Kit, which easily moves all of your existing automatic payments and direct deposits to your new account. The credit union's Account Closure Form also makes sure your existing balance is transferred to the new account by collecting all the miscellaneous information you will need onto one sheet of paper.
Membership is open to anyone who lives, works worships or attends school in the Omaha Metropolitan Statistical Area (MSA), including counties in Nebraska and Pottawattamie County, Iowa.
Mutual 1st Federal is a GOBankingRates client.