Money Services

Money Services

Why spend time running around town paying bills? Why spend your hard earned money paying outrageous rates or fees for loans and check cashing? As a member of Redstone Federal Credit Union® you have access to options that can save you time and money.

No Hold Check Cashing

  • No hold on approved funds*
  • Lower fees than most check cashing stores**
  • $5 minimum, no maximum check amount***

Over the Counter Bill Pay

  • Pay bills to more than 13,000 companies across the U.S. (fees vary per biller)
  • Express payment options available
  • No checking account required

Short Term Loans

Reloadable Prepaid Card

  • Convenient and secure alternative to cash with no overdraft or interest fees
  • No credit check
  • Manage your money on the go with the mobile app or text alerts
  • Multiple loading options including mobile check deposit or direct deposit

 

Must be RFCU® member and must not have caused RFCU a loss to obtain a loan or product or to use any service. Must be eligible for membership and open a share savings account to join RFCU. $5 minimum balance is required to open share savings account and must be maintained in the share savings account at all times. Age and other restrictions may apply to loans, products, and services. Contact RFCU or visit the website for further details.

No Hold Check Cashing: Check approvals are provided by Ingo Money. No Hold Check Cashing approval is not guaranteed.

*Subject to check approval by Ingo Money. Approved check funds will not have a hold if deposited into a Credit Union account.

**The No Hold Check Cashing fee is up to 2.9% of the check amount with a minimum fee of $2 per check. A one-time No Hold Check Cashing setup fee of $1 will also apply regardless of whether the check is approved or denied.

***Cashed checks are subject to cash availability at the Credit Union branch and check approval by Ingo Money. Advance notice may be required for large check amounts, if cashed.

Over the Counter Bill Pay: An Over the Counter Bill Pay fee of up to $10.99 per payment applies and the fee varies per biller. Bill Pay Service is provided by MoneyGram. Subject to biller being part of MoneyGram network. Not all creditors can be paid through MoneyGram. Not all payments are credited the same day. Date payment credited is solely controlled by agreement between MoneyGram and biller and cannot be effective dated by RFCU.

Short Term Loans: A $20.00 (PAL) or $30.00 (Stretch Loan) non-refundable application fee applies and must be collected at application, may not be financed in the loan, taken from the loan proceeds, or paid by personal check drawn on another financial institution.

Stretch Loans: Must have no active Stretch Loans and no co-borrowers are permitted. Requires verification of residential address and verification of income, if not direct deposit to RFCU. Loans subject to credit approval, minimum one year membership required, and all accounts have to be in good-standing (e.g. not in the negative, including joint accounts and no delinquent loans), and other restrictions apply.

Payday Alternative Loan (PAL): Not more than 3 PAL loans in any rolling 6-month period to any one borrower and no co-borrowers are permitted. No more than 1 payday alternative loan at a time to a borrower. Must not roll-over any PAL loan. Must have Direct Deposit greater than or equal to the contracted payment. Loans subject to credit approval, a minimum of six months membership required, and all accounts have to be in good-standing (e.g. not in the negative, including joint accounts and no delinquent loans) and other restrictions apply.

Reloadable Prepaid Card:Visa® Prepaid card is issued by MetaBank™, Member FDIC, pursuant to a license from Visa U.S.A. Inc. There is no purchase fee and a monthly fee of $3.00.  The $3.00 monthly fee is waived with direct deposit.  Fees subject to applicable law. Third party fees and other fees may apply.  Standard wireless carrier text message rates, fees, and charges fees may apply; check with your carrier for more information. Please see the full disclosures accompanying the card for additional information. If you already have a Visa® Reloadable card, you can easily check your balance at myprepaidbalance.com.

Subject to identification verification

BALANCE: Must be an RFCU member to participate in the BALANCE Program. BALANCE Financial Fitness Program is offered to RFCU members through a partnership between RFCU and BALANCE.

RFCU, Ingo Money, BALANCE, MetaBank, and MoneyGram are separate entities. RFCU does not warrant, guarantee or insure any product or service offered by BALANCE, MoneyGram, MetaBank, or Ingo Money.

RFCU is an Equal Credit Opportunity Lender. 

 

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