FYI: M&T Bank offers $2.99/mo FICO score

Anonymous · ‎06-15-2011

I hope this doesn't step on the toes of our hosting site here, but just wanted to give a heads up to those out there who may not know. If you sign up for an account with M&T Bank, you can access EQ FICO each month for $2.99. A nice alternative to DCU because there's no hoops to jump through. Took me a few minutes to sign up last night and had my score this morning.

llecs · ‎06-15-2011

I've been using it for 2 months now and it's great addition. It shows your EQ FICO (same as on here) and throws out a couple of negative reason codes, but in layman's terms with suggestions on how to improve. Since I've known them, they are a big proponent of FICO scoring and are very open to providing your FICO when you app for any of their products.

Anonymous · ‎06-15-2011

@Anonymous wrote:
I hope this doesn't step on the toes of our hosting site here, but just wanted to give a heads up to those out there who may not know. If you sign up for an account with M&T Bank, you can access EQ FICO each month for $2.99. A nice alternative to DCU because there's no hoops to jump through. Took me a few minutes to sign up last night and had my score this morning.

What hoops do you have to jump through at DCU?

I'm curious because I was just thinking of joining for their free EQ FICO.

Anonymous · ‎06-16-2011

I was thinking you had to be a member of an organization. I just checked. I guess not. I've been looking at too many banks and credit unions. I'm getting them mixed up. LOL oh well.

Anonymous · ‎06-16-2011

@Anonymous wrote:
I was thinking you had to be a member of an organization. I just checked. I guess not. I've been looking at too many banks and credit unions. I'm getting them mixed up. LOL oh well.

I looked once a while back and you had to join some organization for $10 if your employer wasn't on their list.

Anonymous · ‎06-16-2011

That's what I thought but their website says anybody can join.

Just looked further. I was right the first time LOL. You do have some eligibilty hoops to jump through.

Anonymous · ‎06-16-2011

I looked into joining for the score also, but it looks like you need at least their Checking Plus account for the FICO. And to qualify for Checking Plus you have to meet 2 of 3 requirements. I copied and pasted the info from their site below. I don't know if requirement #3 would be met by just having their VISA, or needing to carry a balance.

Checking Plus Benefits include all the
FREE Checking benefits above plus these additional
benefits...

Free use of non-DCU ATMs - otherwise $1.50 per transaction
Free use of CU Service Centers
Free online Bill Payer
Up to $5 per month in non-DCU ATM surcharge reimbursements
Free optional monthly FICO® credit score in PC
Branch
Waiver $5 overdraft transfer fee on lines of credit (Visa, Equity Lines, and
ACL)

How to qualify

With any DCU Checking Account you'll receive these benefits
automatically every month you do any 2 of the following 3 things:

Direct deposit your net pay, Social Security, or pension to your checking
account2
Receive all your DCU statements electronically3
Have an active loan with DCU (such as a DCU Visa Credit Card)

Anonymous · ‎06-16-2011

I heard they aren't too strict in that, but again, that's why I went with M&T. No hoops. And no hoops + a small charge means they are less likely to take it away.

Anonymous · ‎06-16-2011

@Anonymous wrote:
I looked into joining for the score also, but it looks like you need at least their Checking Plus account for the FICO. And to qualify for Checking Plus you have to meet 2 of 3 requirements. I copied and pasted the info from their site below. I don't know if requirement #3 would be met by just having their VISA, or needing to carry a balance.

Checking Plus Benefits include all the
FREE Checking benefits above plus these additional
benefits...
Free use of non-DCU ATMs - otherwise $1.50 per transaction
Free use of CU Service Centers
Free online Bill Payer
Up to $5 per month in non-DCU ATM surcharge reimbursements
Free optional monthly FICO® credit score in PC
Branch
Waiver $5 overdraft transfer fee on lines of credit (Visa, Equity Lines, and
ACL)
How to qualify
With any DCU Checking Account you'll receive these benefits
automatically every month you do any 2 of the following 3 things:
Direct deposit your net pay, Social Security, or pension to your checking
account2
Receive all your DCU statements electronically3
Have an active loan with DCU (such as a DCU Visa Credit Card)

Thanks for the data!

Now I know to scratch DCU off my list. Ain't no way they are getting my direct deposit and I will not be applying for any new CCs for the next 2 years.

UFGuy2006 · ‎06-17-2011

@Anonymous wrote:
I hope this doesn't step on the toes of our hosting site here, but just wanted to give a heads up to those out there who may not know. If you sign up for an account with M&T Bank, you can access EQ FICO each month for $2.99. A nice alternative to DCU because there's no hoops to jump through. Took me a few minutes to sign up last night and had my score this morning.

Do you know whether they hard pull when applying for a Free Checking account? I have freezes on my report and at the end of the process they could not open the account (wanted me to call customer service to finish processing). I am just trying to figure out why/what kept the processing from completing online (honestly not interested in another inquiry). Thanks!