Eaton Family Credit Union News

We think that our FREE Advantage Checking beats Prepaid Debit Cards every time because No annual fee No charge debit card transactions ATM access Branch access Shared branch credit union partner access Online bill pay Paper checks Earn interest Click here for an article from The Plain Dealer by Teresa Dixon Murray on July 30, 2013 titled,  Consumer Reports evaluates prepaid debit cards... Click here for article from Consumer Reports published July, 2013 titled,  What you need to know about prepaid cards Click here for the report from Consumer Reports published July, 2013 titled, Prepaid Cards: How They Rate on Value, Convenience, Safety and Fee Accessibility and Clarity

On Wednesday, September 5, 2012, Sheryl Harris ( @consumerwrite r), Consumer Affairs writer, from the Cleveland Plain Dealer , wrote an article " Pew study finds prepaid cards valuable for some, but carry risks ." Click here for link to the complete study, "Loaded With Uncertainty: Are Prepaid Cards a Smart Alternative  to Checking  Accounts?" . Click here for a report about the study. The Pew report lists four findings in the review of  52 prepaid cards. Below you can the find this information and related comments about our FREE Advantage Checking with FREE Debit MasterCard . The varying fee structures and disclosures for prepaid cards make comparison shopping very difficult because most products have 7 to 15 individual fees to consider and their disclosures are not uniform. Eaton Family Credit Union discloses all fees - click here for our fee schedule. The cost of prepaid cards can be less than checking accounts, but the cards come with significa...

On Sunday, August 5, 2012 The (Cleveland) Plain Dealer ran an article by Teresa Dixon Murray  called, " Bid Your Checkbook Goodbye ." Murray discusses the latest trend in banking as an online service with a prepaid debit card for transactions. We like to explain how our FREE checking  trumps prepaid debit cards when it comes to fees and services. And we think our FREE checking is better than the bank's checkless checking accounts. Here are some questions she suggests you ask if you're considering a checkless account and our answers: Can I physically deposit checks or cash to my account at ATMs or in branches? Yes. You can visit our branches in northeast Ohio and over 4,600 shared branch credit union partners nationwide. Plus many of our surcharge-free ATM partners accept check deposits. Are there fees to make deposits? No. Can I pay bills or send checks to individuals online? Yes. We have FREE online bill pay ...

Click here to view a nice comparison of prepaid debit cards from Card Hub  called, " Prepaid Cards Report - 2011 ." On this page you will find detailed scenarios comparing five popular issuers: Green Dot, NetSpend, AccountNow, American Express and Capital One. They also lay out the cost for an Alternative Checking Account and Child's Allowance. Eaton Family Credit Union's FREE Advantage Checking with Debit MasterCard stacks up pretty good in comparison. Activation Fee = $0.00 Monthly Fee = $0.00 ATM Withdrawal Fees = no charge up to eight transactions monthly with direct deposit or funds on deposit ($1,000 savings or $500 checking). Surcharge-Free ATM: national and regional partners - click here for more information. Customer Service Fees = $0.00 - three branches plus shared branch credit union partners and 24/7 account information via Internet, mobile, MATT Line and Member Call Center. Cancellation & Inactivity Fees = $0.00 Direct Deposit = Y...