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Advantage Spend FAQs

Questions & Answers

Advantage Spend

What are the requirements that must be met to qualify for the monthly benefits of Advantage Spend?

You must:

  • Have a recurring aggregate electronic deposit of $1,500 or more going to the Advantage Spend account
  • Receive eStatements

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How often must the requirements be met to qualify for Advantage Spend benefits?

The requirements must be met each month. The qualification cycle resets on the first day of the calendar month.

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What happens if I do not meet the qualifications for the month?

You will not be paid dividends if you do not meet the qualifications during the month. You will be able to start over the next month to earn dividends.

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What if I already have a checking account and want to convert it to Advantage Spend?

If you already have a checking account and wish to enjoy the benefits of Advantage Spend, you must open an Advantage Spend account. 

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What if already have my Direct Deposit/Electronic Deposit going to my existing savings/checking account and want to move it to my Advantage Spend account?

You must contact your payroll provider to change your direct/electronic deposit.

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Will I receive a Debit Card for my new Advantage Spend account?

You can request a debit card when you open the Advantage Spend account.

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What is the minimum balance required to open an Advantage Spend account?

There is no minimum balance required to open an Advantage Spend account.

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Does Advantage Spend have maximum balance restrictions?

There are no maximum balance restrictions, however, no dividends will be paid on balances of $20,000.01 and higher.

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Can I order checks for my Advantage Spend account?

If you wish to order checks, please contact the Credit Union at 202-479-2270.

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