IRVING, Texas, May 24, 2021 /PRNewswire/ -- For many, student
loans are a burden that prevent one's ability to start down a path
to financial success. According to the Institute for College Access
and Success, about 62 percent of college graduates in 2019 had
student loan debt and these borrowers owed an average of
$28,950. Launched today, the "Porte
Pays Off Your Student Debt" Sweepstakes is ready to help change
someone's life, getting them one step closer to financial
freedom.
![Porte Banking Porte Banking](https://mma.prnewswire.com/media/1517073/Porte_Banking_Logo.jpg)
The "Porte Pays Off Your Student Debt" Sweepstakes is now open
to any legal resident of the fifty (50) United States and the District of Columbia, age 18 or older, with at
least $2,500 in U.S. federal student
loan debt. The grand prize is $28,950, with runner-up and third-place prizes of
$5,000 and $2,500, respectively. Prize money will be awarded
to each winner's Porte account. Odds of winning depend on the
number of eligible entrants. A winner who does not have a
Porte account will have five days from notification to open a Porte
account or else will forfeit the prize. Porte members who enter,
sign up for direct deposit, and receive a deposit to their Porte
spending account within 30 days of the end of the promotion period
will receive an additional 10 entries. Entries close at
11:59 PM CT on June 14, 2021. For a complete description of
sweepstakes rules, go to www.portebanking.com/sweepstakes
"It's well reported that most college graduates leave campus not
only with a diploma, but also an overwhelming amount of student
loan debt," said Melanie Few,
Populus Financial Group Chief Marketing Officer. "That debt limits
young professionals from starting a course toward achieving their
financial goals, whether it be buying a car, a home, or saving for
life's unexpected challenges. At Porte, we truly understand that
and have developed a solution that provides insight, expertise and
tools for members to manage their finances and make smart financial
decisions."
Launched in 2020 by Populus Financial
Group, Inc. with banking services provided by
MetaBank®, Porte is a mobile banking solution that provides tools
and technology to put members on a path to financial
freedom. Representing a modern approach to banking, Porte
provides members with real-world insights into their financial
challenges and resources to help guide them as they make financial
decisions.
Based on feedback from consumers, Porte was designed to deliver
key benefits and features in a premium package. Among the many
benefits associated with Porte, consumers can earn up to 3.00%
Annual Percentage Yield on savings account balances,3
which is about 40x the national average.4 Porte members
can also enjoy having to pay no monthly maintenance
fees5 and no ATM fees at MoneyPass® ATMs that are
located across the United
States.6 Through Porte's Giving Program,
#DoorToChange, members shop with a purpose. With every purchase
made with the Porte card, a donation is made, at no cost to the
member, to the Porte charity partner selected in the Porte mobile
app.7 Added benefits include early access to paychecks
up to two days faster8 when enrolled in direct deposit,
an optional overdraft service,9 and cashback rewards at
participating retailers.10
To enter, simply visit www.portebanking.com/sweepstakes Those
who enter with the same email address as their Porte spending
account, sign up for direct deposit, and receive a deposit to their
account within 30 days of the promotion period will automatically
receive 10 additional entries. To receive 10 additional entries
without having a Porte spending account or qualifying direct
deposit, click here, complete the request form in its entirety and
print out and affix the bar code to a post with first class postage
to: Porte Pays Off Your Student Dept Sweepstakes, 3030 LBJ Freeway,
Suite 300, Dallas TX 75234. Limit
to eleven (11) total entries per person. No purchase necessary to
participate or win, see complete description of sweepstakes rules
at www.portebanking.com/offical-rules/. Void where prohibited.
Porte is a deposit account established with
MetaBank®, National Association, Member FDIC. To start
your path towards financial freedom, download the Porte app in the
App Store or Google Play. For more information on Porte, visit
www.portebanking.com.
About Porte
Porte is a mobile banking solution
committed to helping its members navigate a path toward financial
freedom. Part of Populus Financial Group, Porte does not have
costly physical locations, allowing it to reduce fees typically
charged by traditional banks and increase its charitable giving
based on member activity. Visit PorteBanking.com for more
information. Porte banking services provided by
MetaBank®.
About MetaBank®,
N.A.
MetaBank®, N.A., a national bank, is
a subsidiary of Meta Financial Group,
Inc.® (Nasdaq: CASH), a South
Dakota-based financial holding company. MetaBank, is a financial
enablement company that works to increase financial availability,
choice, and opportunity for all. MetaBank strives to remove
barriers that traditional institutions put in the way of financial
access, and promote economic mobility by providing responsible,
secure, high quality financial products that contribute to
individuals and communities at the core of the real economy.
Additional information can be found by visiting
www.metapay.com or www.metafinancialgroup.com.
1NO PURCHASE NECESSARY TO PARTICIPATE OR WIN.
Promotion begins May 17, 2021 at
9:00 AM Central Time ("CT"),and ends
on June 14, 2021 at 11:59 PM CT. Open to legal residents of the 50
U.S. & D.C., 18+ with at least $2,500 in U.S. Federal student loan debt as of
date of entry. Void where prohibited. Subject to full Official
Rules at www.PorteBanking.com/Sweepstakes. Sponsor: Populus
Financial Group, Inc., 300 E John Carpenter Fwy., Ste. 900,
Irving, TX 75062. Visit
www.PorteBanking.com/sweepstakes for full disclosure of sweepstakes
rules
2Must register & verify ID to open account. Terms,
fees apply. Issued by MetaBank®, N.A., Member FDIC.
3Visit Portebanking.com/disclaimers#savings for
more information on Porte's Optional Savings Account.
4The national rate is posted by the FDIC and are
calculated based on a simple average of rates paid (uses annual
percentage yield) by all insured depository institutions and
branches for which data are available. More details about the
calculation may be found at:
https://www.fdic.gov/regulations/resources/rates/#one. The national
rate for savings accounts is reported by the FDIC as 0.07 % APY as
of 04/01/2021. This data is verified on a quarterly basis.
5Other fees may apply. See Deposit Account Agreement for
details.
6No ATM owner surcharge or ATM Cash Withdrawal Fees for
domestic ATM withdrawals at MoneyPass® ATMs ("in-network ATMs").
Visit the Porte Mobile App for a list of in-network ATMs. All other
ATMs may apply an owner's surcharge fee in addition to the ATM Cash
Withdrawal Fee disclosed in your Deposit Account Agreement. Balance
Inquiry Fees apply.
7Visit
Portebanking.com/disclaimers#door-to-change for more
information on Porte's #DoorToChange program.
8Based on comparison of our ACH processing policy vs.
posting funds at settlement.
9The Debit Card Overdraft Service is an optional service
made available to eligible PORTE customers by MetaBank, National
Association. Once you enroll and meet the eligibility requirements,
you will be charged $20.00 for each
transaction that overdraws your account by more than $10.00, up to a maximum of five (5) fees per
calendar month. To avoid that fee, you have twenty-four (24) hours
from the time of the first transaction that creates the overdraft
to bring your Account back to a zero ($0.00) or a positive balance. Transactions
subject to an overdraft fee are signature and PIN purchase
transactions and ATM transactions. ACH Debit transactions are not
eligible for coverage. Any negative balance must be repaid within
thirty (30) days. Whether we authorize an overdraft is
discretionary, and we reserve the right not to pay. For example, we
typically will not pay overdrafts if you fail to meet the
eligibility requirements for this service or you attempt too many
transactions or transactions that create too large of an overdraft.
Call us at 1-800-267-7080 or log in to your Mobile App for
additional terms and conditions that apply, including initial and
ongoing eligibility requirements for the service. This service is
expensive, so we encourage you to research alternatives before
enrolling. Once enrolled, you may opt-out at any time; however, you
are responsible to repay any overdrawn amounts on your account even
if you opt-out of the service.
10Visit
Portebanking.com/disclaimers#porte-perks for more information
on Porte Perks.
PORTE is a deposit account established by MetaBank®, National
Association, Member FDIC. Certain products and services may be
licensed under U.S. Patent Nos. 6,000,608 and 6,189,787.
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