Rainy Day Fund

必博娱乐,比博娱乐网址 #########’s Rainy Day* Fund program gives you the opportunity to earn up to $100 through our incentive program when you start your savings account! Through a partnership with First Federal Savings, we challenge you to save $500.

*To save for a rainy day means to put something aside for a future need.

Most financial emergencies that students encounter can be addressed with as little as $500. But most students (and many adults) just don’t have $500 set aside to cover an emergency.

One great way to save for emergencies is to open a savings account. You can use your emergency savings to remain stress-free when an unexpected expense throws you off course.

How to get started.

Step 1: Establish an account

Visit the Granville office of First Federal Savings across from Three Tigers, and open a new Rainy Day Savings Account in your name. There are no monthly fees. If you already bank here, that’s great, but you will need to open a Rainy Day savings account, too.

What you'll need to open an account

To open an account, you will need one primary and one secondary form of identification.

Primary forms of ID:

Unexpired State Driver’s License
Unexpired US Military ID
Unexpired Passport Card
Unexpired Conceal Carry License
Unexpired State ID Card
Unexpired Passport
Unexpired Permanent Resident Card
Social Security Card – Minors Only

Secondary forms of ID:

Unexpired Photo ID
Unexpired Credit Cars (Visa, MC)
Birth Certificate
Bank/Credit Card Statement (30 Days)
Current US Tax Return
Current Utility Bill (30 Days)
Unexpired Photo Student ID
Social Security Card
Current Auto Registration
Current Pay Stub (30 Days)
Medicare Card issued by SSA
Veterans ID

Once you have opened your account at the First Federal Granville office, download the First Federal Savings Newark app within the Apple App Store or Google Play.

You can also register your account online and clicking “Login” at the top right of the page. When you get to the login page, click on “Register - Personal” underneath the Login button and follow the prompts.

Get started with the online application

Step 2: Save, Save, Save!

You can open your account with no money
Your balance must be at least $5 30 days after you open the account
After that, you decide how much you’re going to contribute to your account regularly.
You can make deposits into your First Federal account in person or with your mobile device. If you work at 必博娱乐,比博娱乐网址 #########, you can also set up a direct deposit from your 必博娱乐,比博娱乐网址 ######### paycheck. The Financial Wellness Office can help you set up a savings plan so you reach your savings goal.

To learn more, visit:

Step 3: Collect up to $100 in cash incentives

To encourage you to reach your savings goal, we will give you up to $100 in cash incentives. The money will be deposited directly into your savings account.

Here are all the ways you can get extra incentives:

Get $25: Meet at least once with 必博娱乐,比博娱乐网址 #########’s financial wellness coach.
Get $25: Set up a recurring direct deposit into your First Federal savings account OR direct a portion of your income tax refund into your account.
Get $25: Complete your 2022/2023 Free Application for Federal Student Aid (FAFSA).
Get $25: Participate in a Financial Wellness Program or Workshop on campus.
Get $25: Maintain a balance of $475 or more for 30 or more days. The $475 balance can include your funds + incentive funds already deposited into your account.

To claim your incentive please submit incentive claims through the WhatTODU checklist through your account. You do not need to claim the incentives in any particular order.

BONUS: $250 drawings every semester give you an extra chance to meet your goal.

Each semester we announce a special task that you can complete to enter a drawing for $250 that will be deposited into your First Federal Rainy Day Savings account. We’re not going to share the drawing tasks with you here — they’re a surprise! Once you are enrolled in the Rainy Day Savings Program our regular weekly emails will keep you up-to-date on these opportunities.

Eligibility

To be eligible to participate in the Rainy Day Savings Program, you must:

Be 18 years old or older
Have a valid driver’s license, state ID, or passport
Be a current student at 必博娱乐,比博娱乐网址 #########
Be a new participant in the Rainy Day Savings Program
Be really excited about saving money!

Program Requirements

Make a?deposit of at least $5?into your new First Federal account within one month of opening your account.
Continue to meet the eligibility requirements listed above.
Claim all your incentives by July 1, 2023, through WhattoDU.

Financial Emergencies

You may withdraw and use your funds at any time during the program. The money in the account, including money you’ve deposited and cash incentives you’ve earned, can be used when you have a financial emergency.

But before you withdraw your funds, please check with us first. We may be able to help find other ways to meet your financial emergency while preserving the money you have worked so hard to save!

Questions?

Connect with the Financial Wellness Office at financialwellness@denison.edu or visit the Hoaglin Wellness Center, Room 110.

Thank you!

Thank you to First Federal for holding the savings accounts and funding incentives.

Frequently Asked Questions

How do I meet with my Rainy Day Savings Advisor?

The financial wellness office is available to help answer any questions you have about the Rainy Day Savings Program. Schedule an appointment ?

How do I make a deposit?

Once you have your First Federal account number, you may begin making deposits into your First Federal savings account.

You can make deposits in person at any First Federal branch (There’s one in downtown Granville, across from Three Tigers).
Mobile banking: Download the app for mobile banking and you can deposit checks through your phone.
Online banking: Access your account online from your desktop or mobile device and set up transfers from your account at another bank or credit union to your First Federal savings account
Set up a direct deposit from your 必博娱乐,比博娱乐网址 ######### payroll account.

Where is the First Federal office?

The closest is 126 N. Prospect St. (across from Three Tigers)

How do I set up direct deposit?

Direct deposit means that you have a portion of your paycheck or income from another regular source, regularly and automatically deposited into your First Federal savings account.

Many employers will allow you to split your paycheck among two or more accounts.
To set up direct deposit you need your First Federal savings account number and routing number (244171575).
Ask your employer what form you need to complete to send a portion of your paycheck to your First Federal savings account. (First Federal will work with customer to get them what they need)
For questions about setting up direct deposit through your employer, contact your payroll or human resources department.
For the Rainy Day Savings program, setting up a recurring transfer going from your checking account at another bank or credit union, to your
First Federal savings account qualifies for the direct deposit incentive.

Watch a YouTube video on direct deposit

How do I set up mobile banking?

Once you have opened your account at the First Federal Granville office, download the First Federal Savings Newark app within the Apple App Store or Google Play.

How many incentives can I claim?

Up to 4 or (up to $100)

How long do I have to claim my incentives?

Up to July 1, 2023

What kind of documentation do you need for each incentive?

We deposit incentives to students’ accounts once per month. So the longest you will have to wait for your incentive to be deposited into your account will be 30 days.

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