Try us as your bank, and receive $300 in your bank account after you close your mortgage loan.
You Trust Ann Arbor State Bank to handle your mortgage loan, then give us the opportunity to earn your trust as your bank. When you open a new personal checking or money market account with Ann Arbor State bank, we will deposit $300 into your new account after you close your mortgage loan. It’s our way of saying “thank you” for giving us the opportunity to be your bank.
In order to qualify for the deposit:
- We will open your new checking or money market account prior to closing your new mortgage loan, and
- We will arrange to have the payments for your new mortgage loan automatically debited form your new account at or before your loan closing.
If you are an existing customer with a checking or money market account, you are eligible for this offer as well. Continue to maintain your current checking or money market account with us, and then we will arrange to have your new mortgage loan payments automatically deducted from your account at or before your loan closing.
Of course some additional terms and conditions apply to this program, (which are detailed on the bottom of the page).
If you have questions, contact your Ann Arbor State Bank Mortgage Loan Officer, or Tim Berry—Branch Manager at 734.761.1475 for details.
Additional Terms and Conditions (The Fine Print)
This offer is limited to one deposit only per mortgage loan ($300 total), and to one deposit only per mortgage loan customer. The offer is applicable only to first mortgage loans for primary or second home purchases or refinancing (no second or junior mortgage loans). The $300 deposit will be made after the closing and funding of your mortgage loan. At least one person who is a borrower on the mortgage loan must be an account holder on the new checking account (or the existing account for the current customers). This promotional offer is subject to termination at anytime by Ann Arbor State Bank. No other cash or credits will be given.
Your checking account or money market account will be governed by Ann Arbor State Bank’s deposit agreement and other account requirements.
You are responsible for reporting the value of the deposit as miscellaneous income for tax purposes.