Description: This passage is mainly about the lmcu login. The author introduces a bank that she loves. The bank is called Lake Michigan Credit Union. The author also introduces the conditions which can make you get 3% APY.
Today I want to talk about one of my banks that I love. It is called Lake Michigan credit union. They are based out of Michigan. If you donate five dollars to the ALS foundation, you’re able to join into this wonderful Bank. If you live work or worship in Michigan or if you have a family member who’s already been a member, they can get you in as well.
I’ve been with Lake Michigan Credit Union for five years. They have this max checking account that gives you 3% APY. That is the highest I’ve found anywhere. I definitely had to get them in my little portfolio of banks because my money is dispersed in different places.
As with any bank that has any type of special APY rate, you must do a couple of things monthly in order to qualify for the match checking bonus of the 3%. One thing to note is that they do not give you the 3% on any balance over $15,000 period. There’s no $15,000 in one cent. It has to be $15,000 if you are trying to advantage of it.
If you put in $14,000 and you fulfill your monthly requirements, you can make an automatic deposit to your savings account from your checking account. You don’t have to worry about monitoring it.
You will not continuously get the 3% monthly if you do not fulfill the requirements. The first requirement is that you must have a direct deposit into any of your Lake Michigan communion accounts such as savings, 401k, credits and loans. They have a lot of different accounts. If you go to their website, you can see the different accounts they have. Any deposit will make that. Check off your list.
Second, you must complete ten debit card transactions per month. I know many people are in different banks. Some banks consider anything you do with your debit card as a transaction. It physically must be a debit such as when you go somewhere, you put in your number. That’s a debit.
I think it’s Comcast. If you use your debit card and some other companies, you may have utilities with or entertainment with them. They process the card as a debit versus or credit. Those are what you need to do.
I am an Dollar Tree buyer so I go a Dollar Tree and buy a few things all the time. It helps me get to my 10 transactions quickly. There’s no big situation. Remember it has to be a debit not a credit.
The next thing is that you must sign up. I don’t know who want to get them in the mail. Some people like to have a lot of paper around so they can look over the fine toothcomb. It’s easy to log in to my account, see my key statements and go through it.
The next thing is that you must log into your Lake Michigan account online four times every month. I’m going to throw out there. I think it is much to draw traffic to their website. That’s the big thing with businesses.
Let’s break it down again. You need to get a direct deposit into your account. They have available need to get direct deposit into your account. You need to complete ten debit card ATM transactions not credit. It has to be debit. You must sign up for E-statements and you must log into your Lake Michigan account at least four times a month.
Once you do all of those, you’re automatically made aware that you are available. You will receive the 3% in the following month. When you log into your account, you can push a button to check status. It tells you the four you’ve already completed and gives you a little green check mark so the following month you automatically have 3% for that entire month.
To continue with the 3% monthly, you should maintain that those things are done. You need do them only once and then do it in the debit card transactions. That’s something you should do. Another thing I want to mention is that the customer service is great. They have online chat and phone and email.
Their app is also wonderful. They allow you to check deposits into the app and they have a lemon on the check deposit. Any check less than two hundred or two hundred will be available the entire balance that day. Any check over two hundred will need a wait.
If you have a check being deposited for three hundred and twenty dollars, the two hundred will be available that day but the 120 dollars will be on a hold. They tell you to keep the check with you for at least 30 days. There’s any discrepancy or anything like that you can have proof of the check. You still endorsed it on the back.
When you use that, take a picture up the front of the check then tie your check and the back. You push it over so you can use it. I love this Bank. I hope you can go through this passage. Have a wonderful day.