(1888PressRelease)
June 13, 2009 - Open a MAX Reward Checking account, and become eligible to apply for a 12-month, 0% APR* loan for the purchase of a bicycle up to $2,500. The Buckhead Community Bank announced today that it will partner with BATMA to offer commuters a new incentive to bike to work.
“We take great pride in offering programs that are good for our customers and good for the community,” says Marvin Cosgray, President of The Buckhead Community Bank. “These bike loans will help people take positive steps for their health and for the environment, and at the same time they get the benefits of an outstanding checking account.”
The MAX Reward Checking account pays 4% APY* on balances up to $100,000, has no maintenance fee and provides account holders with free access to ATMs anywhere. To earn the 4% APY, account holders must meet three requirements during each billing cycle:
1. Make 10 signature based debit card transactions
2. Receive monthly statement electronically through Online Banking and
3. At least one Direct Deposit or Automatic Payment.
“We are so excited to partner with The Buckhead Community Bank on this program because it offers so many benefits,” says Denise Starling, Executive Director of BATMA. “Commuting and making short trips by bike is a great way to reduce your carbon footprint and to increase your physical fitness. Add in the benefits of the MAX Reward Checking account, the interest-free loan and your savings from driving less and you could see improvements in your financial health as well.”
BATMA offers several incentives and programs to encourage commuters to bike to work. New bike commuters can earn $3 a day up to $100 over a three-month period. Cyclists who commute to Buckhead by bike three or more days a week can also earn a $20 gift card each month. In addition to this, commuters who bike to work are eligible to receive up to five free taxi rides home in the case of inclement weather or an emergency.
*Annual Percentage Yield (APY)
*Annual Percentage Rate (APR)
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