First Trade Union Bank and SmarterBucks Launch First-Ever Debit Card Rewards Program for Student Loan Debt

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Sep 29, 2014, 07:15 ET

BOSTON, Sept. 29, 2014 /PRNewswire/ -- GOBankingRates spotlights client First Trade Union Bank for its commitment to helping Boston consumers pay down their student debt through the only debit card rewards program for student loan debt, which launched this month. In partnership with SmarterBucks, a division of SimpleTuition, First Trade designed the program to provide an easy method for paying down debt that rewards users for everyday purchases.

To participate in the program, users only need to create a free SmarterBucks account and choose any student loan for automatic payment. After linking a First Trade FT Checking account, users will immediately begin earning 1.00% in SmarterBucks rewards on all debit card transactions*.

Other perks of the program:

All rewards, which are uncapped, automatically contribute as an extra payment toward the principal of a student loan once they reach $10.
Users can easily apply for an FT Checking account via the mobile-optimized SmarterBucks website.
This checking account offers unlimited ATM rebates, no monthly service fees or minimum deposit requirements, and free internal and external money transfers, among other benefits.

CLICK HERE to learn more about the student loans reward program

"We're proud to be the bank that provides the only debit card that earns SmarterBucks rewards to help pay down student debt and improve consumers' financial management," said Michael A. Butler, First Trade's President and CEO.

"Paying down debt can be an incredibly difficult and daunting process," said Casey Bond, GOBankingRates' managing editor. "First Trade and SmarterBucks have done something impressive; they've made this process not only easy, but rewarding."

*Rewards are only earned on debit card non-PIN-based purchases

About First Trade Union Bank

With assets over $702 million, First Trade Union Bank is an innovative, well-capitalized community bank offering a full complement of business and personal products and services. With a commitment to adopting the most advanced and secure technologies to provide greater flexibility and convenience, First Trade offers anytime/anywhere banking via mobile devices, 24-hour ATM service and remote deposit, as well as branches throughout Massachusetts and New York. First Trade is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender.

About GOBankingRates

GOBankingRates.com connects consumers with the best credit unions, banks and interest rates nationwide, aggregating over 11 million rates from more than 6,000 institutions.

Contact:

Roxy Barghahn
Media Relations, GOBankingRates
[email protected]
(310) 297-9233x202

SOURCE GOBankingRates