Issue link: https://www.epageflip.net/i/1522402
4 | r e d f c u.o r g The Best of Both Worlds Cash transfer and payment apps such as Apple Pay®, Venmo, and Google Pay™ are popular for making purchases and paying friends, but should you keep your funds there? While these apps are convenient, using them in place of a checking account means you're missing out on big benefits. What do checking accounts offer? ✔ Deposit insurance up to $250,000 ✔ Access to checks, which are preferred or required for some payments ✔ Monthly statements that can assist with budgeting ✔ ATMs for easy access to cash On top of this, Redstone provides three checking options with additional benefits to complement your lifestyle. Depending on which you choose, your perks may include: ✔ Getting paid up to two days early with direct deposit ✔ Accessing discounts from membership partners with your Redstone debit card ✔ Optional enrollment in Redstone Round Up to save with every swipe of your debit card ✔ Protection against spending more than your available balance ✔ Earning points toward cash back, gift cards, and more Payment apps don't offer all that, but you may want to keep an app on hand! Having both a payment app and a checking account can be a win-win. You gain convenient mobile payment services and a financial institution where you can build relationships, benefit from perks, and access other financial resources. If you use a payment app, keep in mind these safety tips: ✔ Link to a credit card, not a debit card, for person-to-person (P2P) payments because there's more protection in case of fraud. ✔ Send money only to people you know and trust. ✔ Monitor transactions carefully. ✔ Install a payment app only on a device with a passcode. Why not have the best of both worlds? You can use a payment app for conveniently sending money to friends or paying at checkout and deposit your funds in a checking account to gain the benefits only it can provide. Find your perfect checking account at Redstone! Visit a branch or learn more online at redfcu.org/newchecking. RFCU is federally insured by NCUA. A $25 minimum deposit is required to open a checking account. Monthly maintenance fees apply and vary per checking account type. Contact us for information about the fee amounts. Age and other restrictions apply.