Press Release
SOLVAY BANK LAUNCHES FREE TUNES CHECKING, A FEE FREE CHECKING PRODUCT TARGETED AT iTunes® USERS
October 26, 2010: -Solvay, NY- Solvay Bank has launched FreeTunes Checking, a free checking account with free monthly iTunes® downloads, no minimum balance and ATM fee refunds to the Greater Central New York community.* FreeTunes Checking is just another free checking option that Solvay Bank offers to its customers along with a few added benefits.
FreeTunes Checking is a free checking account that refunds $5 in iTunes downloads per month. These refunds cover everything iTunes offers including music, movies, TV shows, and iPhone and iPod applications. The account also has no minimum balance, ATM fee refunds, free online banking and free bill pay.
"This product empowers us to reach a younger more wide-spread audience, including members of GEN Y," said Paul Mello, CPA, President and CEO of Solvay Bank. "FreeTunes Checking joins our High Interest Checking and Direct Rewards Checking, all products with no monthly fees and benefits designed to fit our customers' lifestyle. Checking Accounts, like any financial management tool, should complement the accountholder. We offer our customers outstanding choices without monthly fees" Mello stated.
FreeTunes Checking offers customers significant rewards:
- $20 in iTunes downloads just for signing up*
- $5 in iTunes downloads per month*
- ATM fee refunds up to $20 per month**
- No minimum balance
- Free online banking
- Free online bill pay
- No monthly fees
FreeTunes Checking is easy to qualify for each month:
- Make 15 debit card purchases
- Receive e-statements
If the FreeTunes Checking customer does not meet all the qualifications in a given month, they still enjoy a free checking account with free online banking and free online bill pay. There is a $15 minimum balance to open the account but no minimum to maintain and absolutely no service charge for the FreeTunes Checking account. More information on FreeTunes Checking can be found at solvaytunes.com
Solvay Bank celebrates its 93rd anniversary this year, making it the oldest independent commercial bank headquartered and operating in Onondaga County, and is committed to providing its customers with the very best in financial products and customer service. Solvay Bank has a main office located at 1537 Milton Avenue in Solvay and seven branches conveniently located in Camillus, Fairmount, Liverpool, Cicero, North Syracuse, downtown Syracuse and Westvale. Solvay Bank also owns a full service general insurance agency, Solvay Bank Insurance Agency, Inc. The Bank's Web site can be reached at www.solvaybank.com
*Earn iTunes® download refunds up to $20.00 with initial account opening regardless of qualifications. Initial credit of $20 expires 60 days from account opening. Earn up to $5.00 in iTunes® download refunds each cycle the minimum qualifications are met. If qualifications are met, the $5 credit per statement cycle expires 30 days from email notification or issuance of the credit, whichever is later. If you do not meet the qualifications per cycle, your account will still function as a free checking account; however, it will not receive ATM refunds or iTunes® refunds for that time period. Qualifications are as follows: 1) Make 15 debit card purchases and 2) Receive eStatements. No minimum balance required; however, you must deposit a minimum of $15 to open this account. Available to personal accounts only. iTunes® must be purchased with your debit card associated with your FREETunes account. iTunes is a trademark of Apple, Inc. The program is not endorsed by iTunes® or Apple® nor is there any actual or implied joint venture, partnership or relationship of any kind between Solvay Bank and Apple's® iTunes®. The number of FreeTunes Checking accounts is limited to one per Tax Identification Number. **Nationwide ATM fee refunds up to $20 per statement cycle.
