Checking Benefits That Add Up
MIT Students get the best financial services at their very own Credit Union. The MIT FCU Basic Checking Account with Special Benefits for Students features excellent perks and services, including two convenient branches on campus and access to over 30,000 ATMs and 5,000 branches across the country. Check out these additional benefits!
- No minimum balance
- Up to 8 free withdrawals/month at any ATM
- Receive ACH Direct Deposits (including paychecks via ACH) up to 48 hours earlier with Express Payday
- No fee for overdrafts under $10.00
- One free incoming wire per semester
- Free replacement Mastercard debit/ATM card (up to 2 free per year)
- Free cashier's checks
Why do your "banking" with a credit union?
At MIT Federal Credit Union we recognize that for students, it's critical to develop excellent financial habits and skills. But it can be difficult to learn these once you're in school and trying to balance your unique banking needs with all the other things "adulting" pulls you towards. As part of MIT, we understand your unique needs and challenges and offer financial services exclusively for the MIT Community, including MIT students as well as their families and housemates.* We can help you make smart financial decisions with online and mobile services, financial education opportunities (virtual and in-person) and the valuable products you need like Savings, Checking, Student Loans and more. Why not get started on your financial goals: build credit, start saving and develop healthy financial habits, and start living your best financial life, today?
Yes! As a parent of an MIT Student, you are eligible to join the credit union exclusive to the MIT community and take advantage of all the great benefits of membership!
Possibly. Here are some things to consider...
- Joint owners have easy access for deposits/withdrawals, and transfers.
- Shared Branching means access to a branch in or near your hometown
- You’ll have online account access via e-Branch and remote deposit for check deposits.
Consider opening your own membership to have all these options and more!
That is a personal choice, but may be required to qualify if the student does not have sufficient verifiable income. Students under the age of 21 may apply for the card, but applicants must be able to demonstrate an ability to pay, or include a co-signer with sufficient income.
Yes! We offer an alternative student loan to help fill the funding gaps that federal aid can leave. By partnering with Credit Union Student Choice, we are able to offer members low cost financing options that can help your student achieve his or her dream of a higher education.
Yes! Members can access their accounts 24/7 by using any of our convenient electronic services.
You'll have access to manage and transfer funds, control card usage, deposit checks, all from the convenience of your smart device or computer. Anywhere, anytime.
*Membership benefits extend to eligible individual’s immediate family members and people living in the same household. Immediate family includes a spouse, child, sibling, parent, grandparent, or grandchild, including stepparents, stepchildren, stepsiblings, and adoptive relationships.Go to main navigation