transaction fee rewards
our reward to you for banking with mecu
At mecu we aim to provide superior levels of member value and reward those members who conduct more of their banking with mecu .
Our Transaction Fee Reward program provides more fee free transactions depending on the level of banking you conduct with mecu , which refer to as the "member support level".
Your member support level equals your deposits plus loans, less overdrawn savings accounts and over limit overdrafts. Rewards are not calculated for VISA Credit Card accounts. The combined end of month balance of the accounts within a membership sets the member support level for the subsequent month.
For example, Mr Jones' banking with mecu equates to a member support level of $150,000. This means Mr Jones is rewarded with $25 worth of transaction fee rewards per month as long as the member support level is maintained. If Mr Jones conducts transactions with fees totalling $20, his Transaction Fee Reward covers the whole amount (the remaining $5 does not carry over to the next month). If Mr Jones' fees totalled $30, then he would only have to pay $5 to cover his fees for the month.
Monthly reward by age
(members ages up to 25 years or with mySaver & Member Support Level $0 - $99,999) |
Up to $10.00 |
| Monthly reward to applicable transactions |
| Member Support Level $100,000+ |
Up to $25.00 |
| Member Support Level $25,000 - $99,999 |
Up to $10.00 |
| Member Support Level $5,000 - $24,999 |
Up to $5.00 |
| Member Support Level $0 - $4,999 |
Up to $3.00 |
|
*Member Support Level equals - deposits PLUS borrowing, LESS overdrawn savings accounts and overlimit overdrafts.
The combined end of month balance of the accounts within a membership sets the relationship threshold for the subsequent month. Ask how you can share your support level with family and friends.
|
Rewarding you with fewer fees - that's Intelligent Banking™
General Advice Warning
In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents before making a decision to apply for products with mecu.
mecu is committed to delivering memorable and superior service to all members. We welcome your feedback, compliments and/or complaints about our performance.
® Registered to BPAY Pty Ltd ABN 69 079 137 518
® Terms, conditions, fees and charges may be applicable. Bank@Post and its device mark are registered trademarks of the Australian Postal Corporation. All rights reserved.
