Jemmy Alarcon, AVP/Senior Commercial Loan Closer: A Spring Bank Staff Feature 

At Spring Bank, we pride ourselves on fostering a community of dedicated professionals united to serve our community with integrity, excellence, and care. One such integral team member is Jemmy Alarcon, AVP/Senior Commercial Loan Closer. She is a testament to hard work, dedication, and excellence in the banking sector.

“It was my destiny to be in banking,” Jemmy reflects. “I am so happy this path led me to Spring Bank.”

For over nine years, Jemmy has been an invaluable asset to our commercial real estate lending team. With over 20 years of experience in banking and commercial lending, her journey started in South America. Born in Ecuador and raised in Lima, Peru, Jemmy’s passion for banking was ignited early on; most of her family worked in the banking industry. She majored in accounting and auditing, finding a particular interest in auditing due to its investigatory nature.

“Auditing involves engaging research and finding hidden data,” she explains, though she also acknowledges the importance her accounting background provides in her financial career.

In Ecuador, Jemmy worked for a local bank before moving to the United States as an international student. She initially applied for a teller job but was swiftly promoted to the commercial lending team. This experience worked well with her detail-oriented personality, which is crucial for closing high-stakes deals.

“During my early years in the banking industry, I was lucky to learn from great professionals who shaped my skills and helped me gain valuable insight into the role I have now. In my field, one never stops learning,” she shares.

Jemmy’s role on our commercial lending team is multifaceted. Once loans are approved, she begins the meticulous closing process, ensuring all documentation is accurate and complete. Her role requires her to communicate complex information to borrowers, often dealing with various third parties like real estate attorneys, insurance agents, and brokers. Despite the challenges, Jemmy finds great satisfaction in her work.

“Learning how to navigate different people is a true skill. Even though it can be hectic when you close the loan, you feel satisfied at the end of the day because you know you’ve helped a small business owner,” she says.

We work hard to provide personalized support and ensure that closings happen efficiently and on time. As a community bank, we stand by communication, professionalism, and efficiency. Our goal is to help our customers as much as we can. Even if they ask questions unrelated to closing, we will always refer them to the right person. 

“Our commercial lending team is strong. We can multi-task, problem-solve, and thrive under pressure. Our clients do not go through various levels of bureaucracy to reach a real person,” shares Jemmy. “We offer every person the same level of care and respect. So, I feel very comfortable working in this space. When I go to the office, I’m surrounded by my colleagues; many of us are part of the Hispanic community. We have camaraderie and closeness to the executives. I know I can easily reach out to the manager, the president, executives, and everyone else. I really appreciate that part of working here.”

Jemmy’s contributions to Spring Bank have not gone unnoticed. She joined as a senior closer and was promoted to VP a few years ago. Looking ahead, she aspires to expand her department, bringing on more junior and senior closers and specialized experts to further streamline our lending processes. For Jemmy, every loan closed is a success because when a deal is closed, an entrepreneur takes a step forward to achieving their business goals.

“Every loan that we close is a success to me. I don’t compare small loans to bigger real estate ones because, for the borrower, that amount of money is important to their business. I feel proud of all our closings because we put the same effort into each deal regardless of the amount. If it’s important to you, it’s important to us,” she says.

Here are a few tips from Jemmy that will help borrowers better prepare for the closing process:

  • Pick the right attorney to assist you legally. Hire a real estate attorney if you are borrowing for a real estate process. This will make the process smoother than using an attorney who does not have experience or an understanding of the common closing procedures.
  • Lawyers and borrowers must provide closing items and meet requirements in a timely manner for a smooth closing process. It takes approximately 3-4 weeks to close a commercial real estate loan; however, this process can always be expedited if each party is committed to working towards the same goal.

 

Jemmy’s hard work and journey inspire us all, and she encourages more women to pursue careers in commercial lending and banking.

“Banking and lending are careers for women. If you like challenges and want a space to develop your skills, closing is for you. You will feel rewarded despite the challenges,” she says.

Discover the benefits of the Spring Bank commercial lending team and real estate program. Looking for the best savings account online or need to open a new business bank account? As one of the top banks in NY, Spring Bank offers comprehensive solutions for your financial needs. From business checking accounts to small business accounts, and even if you want to apply for a personal loan, our team is here to assist you. Contact us to learn more.

 

In Partnership with GreenPath Financial Wellness

Owning a small business comes with satisfying rewards like being your own boss, making your own schedule, and doing what you love. However, with these benefits comes the responsibility of money management. There are best practices for setting up a new business bank account and managing your small business accounts that can help your business thrive in the long run. Read these tips to guide the foundation of your financial success:

Build a Budget: To lessen the risk of overspending, plan for your expenses in your business checking account. This includes fixed costs like rent and utilities, variable expenses such as supplies, and one-time purchases like equipment. Remember to account for taxes and an emergency fund for unexpected expenses.

You can track expenses using a manual bookkeeping system, or you can take advantage of budgeting tools for businesses that can ensure your budget is precise and strategic. We offer some free resources to help you track your budget including access to Autobooks for all customers with small business bank accounts.

Separate Accounts: Operating your business using your personal checking account puts you at high risk. Opening a separate business checking account and credit card for your business keeps you organized and protects your personal assets from liabilities in the event of legal issues or bankruptcy. Keep your small business accounts for business expenses only.

Manage Debt Wisely: A personal loan may be necessary to finance your operations or expand your business. However, high-interest rates can do more damage to your profits and credit. Choose your financing options wisely, and consider our non-predatory small business lending options. We not only offer loans at competitive rates, but we’ll work with you and your financial needs to ensure lending benefits your goals, not hinders them.

Plan for Emergencies: Building an emergency fund provides a buffer during difficult times and allows you to withstand temporary setbacks. Strive to set aside three to six months’ worth of operating expenses in a dedicated savings account. We’re one of the few banks in NY that offers the best savings account online. An emergency fund is meant as a last resort, so try not to take money out unless absolutely necessary.

Evaluate your Finances Regularly: Checking in on your budget can help you adjust accordingly as your business evolves. With your Spring Banks small business accounts, you can access free professional guidance from financial advisors and experts at GreenPath Financial Wellness, who can help you navigate your finances and stay on track with your goals.

Contact us to learn more about opening a new business bank account and our other free money management resources.

This content does not constitute tax or financial advice. It is advisable to seek guidance from a licensed professional tailored to your individual circumstances.

In Partnership with GreenPath Financial Wellness

As summer hits its stride, the idea of financially preparing for the holidays might feel like overkill. Consider this: money is the most cited source of stress during the holidays, with 58% of US adults worrying about overspending or not having enough money. July is an ideal month to assess your financial picture and make mid-year adjustments to help you cruise into the fall and holiday months with fewer concerns. To make planning easier, here is a seven-item checklist you can use as your guide:

  1. Review Your Budget

With a customizable budgeting worksheet or free app, identify areas where you may be overspending and eliminate costs or find an affordable alternative if possible. Budgeting isn’t about guilt. Rather, it is a way to ensure you save a little each month – ideally 10% of your income, but starting with even a little each month is the most important step.

  1. Automate Savings

Consider the “set it and forget it” approach to allocating high-interest savings so that when peak holiday spending season comes around, you’ve avoided (or at least minimized) credit card balances that can put a damper on the season and the coming year. Consider opening a holiday-specific personal savings account with us and start saving now.

  1. Strategize Debt Repayment

Review the balances and interest rates of your credit cards, loans, and other debts. Tackle high-interest payments first (so you can put more toward the principal in the long run). Explore a debt management program that can help you eliminate debt faster.

  1. Check Your Credit Report

Request a free copy of your credit report from AnnualCreditReport.com. Review the report for any inaccuracies or signs of identity theft. Dispute any errors you find that could contribute to a lower score.

  1. Revisit Investments

If you have any investment accounts, assess whether your allocations still align with your long-term goals and risk tolerance. Market conditions often change, and your investment strategy should account for these fluctuations.

  1. Maximize Retirement Contributions

If you have a retirement account, check your contributions and see if you have any room in your budget to increase them—especially if your employer offers matching contributions. The sooner you invest, the more time your money has to grow.

  1. Review Insurance Policies

Ensure that your health, auto, home, and life insurance policies still meet your needs. Life changes such as marriage, the birth of a child, or significant purchases might necessitate adjustments to your coverage or comparison shopping for more favorable rates.

Speak with Our Team

You aren’t alone in your financial journey. Our team will help you better understand your spending behavior and save more this holiday, just by changing small habits. Whether you open a personal checking account, apply for a personal loan, or open a small business bank account, we become your partner and advocate. We will do our best to help you navigate the best path forward to help you set and achieve your financial goals. You can also take advantage of free financial counseling from one of our trusted nonprofit partners, Ariva and GreenPath Financial Wellness. Their certified experts are ready to meet you exactly where you’re at.

In Partnership with GreenPath Financial Wellness 

As the summer months approach, unplanned expenses, such as summer camp, beach days, and new sandals for your kids, may sneak up on you and take you off budget. Get ahead of summertime costs now by using a budgeting tool. Whether you prefer an app or the back of an envelope, here are a few tips as you consider both digital and analog tools:

Prioritize Accordingly

There are many financial resources designed to make money management stress-free, but regardless of what budgeting tool you choose, consider the following features:

  1. Goal Setting 

Creating and reaching financial goals for yourself is why most of us budget in the first place! Support this aspect of your financial story by choosing a tool that allows you to set goals, whether saving up for a milestone purchase or paying off credit card debt. Choose a tool so you can monitor your progress and edit your goals when circumstances change.

  1. Methodology

Based on your goals, you may use the traditional envelope system or focus on zero-based budgeting. Choose a system that offers flexibility, allowing you to experiment with different methods until you find the one that works best for you.

  1. Affordability

Before you commit to a paid subscription, research free or free trial periods of budgeting apps to determine whether the functionality is worth the cost. Many apps offer free features (like goal setting) with the option to upgrade later to unlock additional features.

  1. Security 

Given the sensitive nature of financial information, security is essential when choosing a budgeting tool. Ensure that the app employs enhanced security protections such as encryption, multi-factor authentication, and regular updates and notifications to protect your financial data from unauthorized access. Learn more about our commitment to your financial security in this great YouTube series.

  1. Interface

User-friendly, intuitive design ensures you can navigate the app effortlessly, saving you time and frustration. Look for apps that allow you to quickly input transactions, set budgets, and track your spending without a steep learning curve. Some apps even offer interactive tutorials to guide you through the setup process.

 

Before investing time into learning or creating a new budgeting tool, check out a few free resources that can help you with summertime spending. All customers have access to the following:

  • Spring Bank Mobile App for instant access to your personal savings and checking accounts online
  • Free financial counseling with our partners at Ariva & GreenPath Financial Wellness
  • Free access to Autobooks for all customers with a small business bank account
  • One-to-one customer service. If you need help creating your financial goals or getting clearer on how to achieve them, our team is here to help you. Visit us in person, or give us a call at 718.879.5000

 

Kathryn C., An Assistive Technology Loan Client Feature in Partnership with National Disability Institute

Kathryn C., a resident of Jamestown, NY, and one of our Assistive Technology Loan Program clients, reached out to her online community for support when she was looking for help purchasing an accessible van for her wheelchair. After several knee surgeries, Kathyrn realized she needed to use a wheelchair more regularly.

“When my husband passed six years ago, I couldn’t go up and down the stairs anymore. I knew I needed to use a wheelchair, and to find an [accessible] van, too,” shares Kathyrn.

After discovering Mobility Works, one of the leading dealers of wheelchair vans, Kathryn picked out a 2015 Town & Country, five-passenger van. With a side ramp that deploys, she can come into the van and drive securely with her wheelchair stabilized by a custom lockdown system; the van also has a second lockdown system for passengers. Kathryn wasn’t certain, however, that she could afford it. Thankfully, a family member led her to our partner, National Disability Institute (NDI), and our Assistive Technology Loan Program.

Through the partnership with NDI and the Assistive Technology Loan Program, individuals can purchase assistive technology devices they need without incurring high-interest debt. Kathryn was approved for a loan of $37,000 to cover the cost of the modified van.  After being denied by her bank, she was surprised to be approved for a 10-year loan at a 4% interest rate.

“Spring Bank was wonderful. The Assistive Technology Loan Program is the only way I could have purchased the van. I was even able to purchase the extended warranty, and all of it was done online,” explains Kathryn. “I got my independence back. I really don’t know what I would have done without this opportunity.”

With an accessible van to support her day-to-day mobility, Kathryn is grateful to no longer rely on transportation buses, which often require long waiting times, and to relieve her daughter of caretaking, too.

“My daughter was my aide and working for me, and it was great to spend time with her. But now she can spend time with me as my daughter,” shares Kathryn. “It’s so great to take myself to therapy once a week and do my own shopping.”

Kathryn feels ready to move back to her hometown to be closer to her family.

“My parents are aging, and I really miss the water. I grew up on the water,” she says. “Now I can go anytime I want.”

Learn more about the details of the Assistive Technology Loan Program and our partnership with National Disability Institute. If you or a loved one are in need of assistive technology products or devices that can improve your independence and quality of life, don’t hesitate to get in touch with us.

Primary Information: A Spring Bank Nonprofit Feature

A Brooklyn-based organization and one of our nonprofit clients, Primary Information, works to “advance the often-intertwined relationship between artists’ books and arts’ activism,” by publishing artists’ books and writings at affordable rates to the public and creating a platform for historically marginalized artistic communities. Building on the tradition of the artist book medium dating back to the 1960s, Primary Information is committed to democratizing the distribution of artists’ books.

“Executive Editor and Artistic Director James Hoff started the press with Miriam Katzeff back in 2006 with the idea of bringing long out-of-print, inaccessible publications back into circulation at affordable prices by creating facsimile editions, working to reproduce the original publications as closely as possible to their original form— including matching the original paper stocks as closely as possible,” says Matthew Walker, Executive Director of Primary Information.

They also work with contemporary artists to commission new publications, facilitating intergenerational dialogue with historical publications that remain of critical relevance to contemporary conversations and welcoming the next era of readers.

“Part of our mission is to foster diverse conversation between these historical publications and newer generations of artists working at the vanguard of contemporary practice,” explains Matthew.

The artist list at Primary Information is extensive and includes Pippa Garner, author of the 1982 Better Living Catalog, who has had a recent Renaissance in her career and whose book is already in its third printing since being published in facsimile form in June 2023. The organization’s most recent title, On and Off-Screen Imaginaries by contemporary artist Tiffany Sia, is a collection of six essays written in the wake of the 2019-2020 Hong Kong Protests. Check out their complete catalog here.

The Primary Information team continually reflects on how they can create a more inclusive experience for readers, starting with affordable prices. For example, the price range for a publication is $10 to $40. And $40 gets you a lot for your money: a 600-page, full-color book. Their subscription program, priced at just $125 for the year, is a deal, shipping every book they produce to subscribers for a calendar year.

“We price our books at cost with the aim of breaking even on the production costs of the books, so we have to supplement our sales revenue with grants and donations. We have a generous community who supports our mission to make artists’ books affordable and accessible,” says Matthew.

Primary Information has been a nonprofit customer since 2018, and we are proud to be part of their community.  As a community bank in Bronx, NY, they knew we prioritized the needs of the city’s hardworking small business owners and nonprofits.

“Spring Bank is very supportive of small businesses, and they give lines of credit to organizations that might not otherwise be able to get one, including nonprofit organizations like us,” says Matthew. “Our line of credit was invaluable to helping us navigate cash flow, especially when our budget was smaller.”

It was also our pleasure to support Primary Information through the pandemic with PPP lending and to offer them one-to-one support when they need it. Despite the distance between their offices and our branches in the Bronx, they have never found an issue with accessing the services they need.

“It is so rare to have a personal relationship with your banker these days,” says Matthew. “We use the app and online mobile banking platform daily and have never had an issue doing business in different boroughs than the branch.”

We hope you will take the time to learn more about Primary Information. You can also read more about how we can help your nonprofit manage cash flow through a line of credit or nonprofit checking account. Our nonprofit checking account benefits include no maintenance fees, remote deposit capture, mobile deposit, and personalized service. And if you’re a small business owner, we have what you need via our business checking account or another one of our small business accounts.

Mother helping her son with his Hearing Aid

 

“Where else can you get a 4% loan? I would not have been able to purchase the equipment at all. I have three more years of payments, and it’s manageable. The assistive vision technology has made all the difference for me.” — Karen Bezem, Assistive Technology Loan Program Recipient 

Are you or a loved one having challenges affording the medical devices and assistive technology you need? Hearing and vision aids, communication devices, environmental adaptations, wheelchairs, and home or vehicle modifications – can be expensive. We know that often, these types of expenses are unexpected.

That’s why we are happy to share that through our partnership with National Disability Institute (NDI)— the first national nonprofit committed exclusively to financial inclusion and empowerment for people with disabilities—individuals can purchase devices they need without getting caught in high-interest debt. Spring Bank and National Disability Institute can help you find and afford assistive technology through the Assistive Technology Loan Program.

The NDI Assistive Technology Loan Program includes a loan of up to $45,000 with competitive interest rates and no credit score requirements for residents of New York and New Jersey. Built into the program is also the opportunity to build credit with every timely loan payment reported to credit bureaus.

Assistive technology products or devices that can improve your independence and quality of life may include:

  • Computer equipment
  • Hearing aids
  • Vision aids
  • Modified vehicles
  • Scooters/wheelchairs 
  • Accessible bathrooms
  • Smart home technology

“Spring Bank is very generous. We found out together that a credit score and debt-to-income ratio aren’t as important as being able to verify that a person can afford their monthly expenses, that they are addressing their outstanding credit, and that they can afford the costs of these loans, too,” says Laurie Schaller, Manager Financial Empowerment at National Disability Institute.

Additionally, Laurie and her team at NDI will work as your financial guides, ensuring you can afford the technology you need before you take out the loan. They can help you create a spending plan and understand any benefits you may be eligible for to help people afford their monthly expenses. NDI may even be able to help you find additional funding to help reduce the size of the needed loan; this may be helpful for people who need to hire a contractor for home adjustments for a wheelchair or need a modified vehicle with hand controls, for example.

“For the majority of people who call us, we can usually find a grant or other line of funding to help them purchase the assistive technology and maybe reduce the amount of loan they need,” explains Laurie.

The Assistive Technology Loan Program provides affordable loans of up to $45,000 for the purchase or refinance of assistive technology to residents of New Jersey and New York. Learn more about this opportunity or contact NDI at 202.449.9521

 

After a historical hiatus throughout the pandemic, borrowers now face federal student loan repayment. Evaluating your full financial picture and making a repayment plan can go a long way toward reducing stress and uncertainty. Unsure where to start? Here are a few tips from our nonprofit partner, GreenPath Financial Wellness. 

Verify servicer(s). 

As an outcome of contract transfers and terminations mid-pandemic, your servicer(s) may have changed since 2020. You may need to confirm who will receive future payments and ensure they have your updated contact information. 

If you have private loans, review any correspondence you’ve received from your original loan servicer, reach out to your school’s financial aid office for help tracking that information, or visit AnnualCreditReport.com for a free weekly report that lists loans in your name.  

If you have federal loans, visiting the Federal Student Aid website is the simplest, most efficient way to access your federal loan information and verify current servicers. You’ll first need to log in with your FSA ID (create one here if you don’t have one already.) Once logged in, you can view your original principal amount, current balance, and interest rate as well.

Evaluate repayment. 

A lot can change in three years. Is your student loan payment still affordable? Check out the Department of Education’s Loan Simulator to help decide what repayment strategy fits your priorities—for example, do you value a lower monthly payment or a faster payoff? Look into an income-driven repayment plan that considers your current earnings and can lower your monthly payment. 

Set aside savings.

Once you know your monthly loan payment, transfer that amount to a separate savings account, starting immediately. By accounting for this reduction in your budget sooner rather than later, you’ll lessen the initial impact of repayment (since you’ll now have money set aside), and you’ll be back in the habit of making this a monthly routine. With one of the best savings accounts online, we offer competitive interest rates to help you save while you repay. 

Consider consolidation.

Depending on whether you have federal loans, private loans, or a combination, loan consolidation could potentially reduce your payment burden. For federal loans, you can apply for a Direct Consolidation Loan, which allows you to combine education loans with zero application costs, and most people complete the process in 30 minutes or less. 

Seek support.
If you’re feeling overwhelmed at the prospect of repayment, you don’t have to figure it all out on your own! AS a community bank in Bronx, NY, we partner with GreenPath Financial Wellness, which offers free student loan counseling. GreenPath counselors help you look at your total financial picture to develop a personalized repayment plan, including how to simultaneously contribute to your personal savings account as you get out of debt. 

Learn more about our partnership with GreenPath Financial Wellness and how you can access free financial counseling.  

This article is shared by our partners at GreenPath Financial Wellness, a trusted national non-profit.

A Small Business Feature

Imagine what it would be like to feed the entire city of New York. Great Performances considers every community they touch in the course of their business. Founded in 1980 as a catering and event staffing agency, their mission was to offer a flexible source of income for women in the arts. Forty years later, Great Performances is one of the city’s most highly regarded catering companies, serving delicious food and providing impeccable service while maintaining a deep commitment to giving back to their communities.

From the Apollo Theatre to the Wollman Rink and parties for every occasion, Great Performances offers dining and wait staffing for private events, nonprofit galas and fundraisers, and corporate engagements. As a leader in the hospitality, catering, and events industry, they set the bar for industry best practices in food security, education, sustainable agriculture, and community development, and they constantly innovate to improve their environmental and social impact. For example, in 2006, founder Liz Neumark established Katchkie Farm in Hudson Valley, becoming the nation’s first caterer to own and operate a NOFA-certified organic farm. The nutritious fresh produce grown at Katchkie is a source of inspiration and ingredients for Great Performances chefs.

“It is always a great privilege as a chef to be able to collaborate with a farmer. Once a vegetable has been put into the ground, I feel it’s my responsibility to think about how to utilize it best. This not only goes for the main part of the plant but the whole plant. A good example of this is basil: I won’t just use the perfect leaves but also use the buds and flowers that have a huge amount of flavor and dry very well. These can be incorporated into pesto in the fall,” shares Andrew Smith, Culinary Director at Great Performances.

Almost all resources from the farm are intentionally utilized. For example, edible blossoms grown through the warmer months are dried for autumn meals. Great Performances collaborates with its partners to distribute CSA shares at local food pantries and community refrigerators. Upcycling, fermentation, and pickling are the cornerstone of all products that come into the Great Performances kitchen,” says Chris Harkness, Chief Operations Officer at Great Performances.

During the pandemic, Great Performances provided emergency food services for first responders and frontline healthcare workers and meal services for homebound seniors. They also actively support initiatives such as Grow NYC and City Harvest that are nourishing the city.

With an eye always on impact, Great Performance Catering supports healthy nutrition. They offer Embrace: Wellness at their corporate dining locations, providing tips, recipes, and menus that support healthy eating. In 2007, Liz Neumark founded The Sylvia Center to help teach youth and their families about the connection between food and health. And in 2022, the company also re-established Mae Mae Café as a vegan cafe and plant store on the first floor of their Bronx commissary in Mott Haven.

At Spring Bank, we value Great Performances’ business model rooted in partnership, arts, and sustainability, and civic responsibility. With over 1,000 employees, Great Performances is an essential NY institution, and we are proud to support them with their banking and financial needs as a local bank in the Bronx, New York.

Learn more about the impact of Great Performances in their communities. Follow them on social media. And if you’re looking to join an exceptional team, they are hiring now, especially in wait staffing.

No matter the size of your business, we have the resources and personnel to support your business. When you have a small business account with a small bank in NY, you’ll get the same offerings that you can get from a big conventional bank but with the personal customer service that you just can’t get anywhere else. And if you’re a small business looking to open a new business bank account or curious about our services, contact us.

Did you know that you can earn rewards just by using your Spring Bank debit card?

In today’s economy, we understand you are looking for ways to maximize every dollar. Our  ScoreCard® Rewards Program does just that. When you enroll your debit card linked to your personal checking account or business checking account, you’ll be able to earn points on every dollar you spend, which you can redeem for unique rewards. For example, you can cash in your points for new technology, home goods, travel, entertainment, and more.

And we are happy to announce that we’ve recently made some upgrades to get you even more perks!

You can now save money on your purchases at select Walmart and CVS stores by redeeming your points as cashback on the spot. You automatically accrue points when you open a personal checking account or business checking account with us.  With our new cashback option available at select Walmart and CVS locations, you can save money on your transaction using your Spring Bank debit card at the register or self-checkout.

Here’s how to earn and start redeeming your ScoreCard® Rewards:

  1. First, create a ScoreCard® account so you can access the points you accumulate with your Spring Bank debit card.
  2. Make purchases with your Spring Bank debit card from your personal checking account or business checking account as you usually would – both are eligible to earn and redeem points.
  3. Redeem your points for travel, merchandise (i.e., electronics, appliances, and more), or experiences such as concerts and special events.

Remember, you can earn points even faster if you hold multiple debit cards by accruing points from all your cards into one rewards account. In addition, households who have multiple Spring Bank debit cards can join their accounts to build points and earn rewards faster.

Finally, don’t forget to take advantage of two great promotions with our ScoreCard® Rewards Program today:

  1. Receive 2,500 bonus points when you enroll in ScoreCard® Rewards and complete your first eligible purchase with your Spring Bank debit card.
  2. Our annual birthday gift to you! When you enroll in ScoreCard®, you automatically receive 500 bonus points on your birthday every year — on us.

Get the most out of your spending by signing up for ScoreCard Rewards today! You deserve the perks. Receive 2,500 bonus points when you enroll and make a purchase. Learn more.