First Tech Terms and Conditions

Terms and Conditions

First Tech Referral Program

*Offer valid for new members and accounts opened at Must be at least 18 years old to participate in the promotion. Available on personal accounts only. First Tech employees are ineligible. Referring members will receive one $50 reward per qualified, new member. Each referring member is limited to an annual referral bonus total of $1,000. Referring members must have been members for at least 30 days before referring others through this promotion. Referred members are limited to one $50 reward and reward is not available in combination with other new member offers. To qualify for the $50 reward, the referred member must establish membership and open a checking account. Within 30 days of checking account opening, the member must deposit at least $250 of new funds in their First Tech checking account. First Tech will deposit the bonuses into the Membership Share Accounts of both parties within 30 days of the referred member meeting the promotion requirements. Effective 2.1.20, First Checking Plus has a 0.05% APY (Annual Percentage Yield), a qualified Dividend Rewards Checking (DRC) has a 1.80% APY for balances up to $15k and a 0.20% APY for balance amounts exceeding $15k, a non-qualified DRC has a 0.05% APY. Please refer to our rate sheet for DRC rate qualification requirements. For new members referred, the reward is considered interest and may be reported on IRS form 1099-INT. For existing members referring new members, reward amounts may be reported on IRS form 1099-MISC. Opening a Membership Savings Account with a deposit of $5.00 is required prior to opening any other type of accounts. Effective 2.1.20, Membership Savings has a 0.05% APY. Account is subject to approval. Rates subject to change at any time. Terms and conditions may apply.

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