First PREMIER Bank and Sanford Health share a unique relationship. In 2004, First PREMIER Bank owner and philanthropist T. Denny Sanford announced a $16 million gift to what would eventually become Sanford Children’s Hospital. Three years later, he transformed health care throughout the region with an historic $400 million gift to Sioux Valley Health, which was then renamed Sanford Health in his honor. Since that time, Mr. Sanford has been instrumental in many Sanford Health initiatives, including the Edith Sanford Breast Institute and Sanford Imagenetics.
In all, his gifts to the Sanford organization have totaled nearly $1 billion. Because of this unique relationship, First PREMIER Bank is pleased to provide Sanford Health employees with several unique benefits. In addition to the great products and services we currently offer, we’re happy to share these additional benefits with Sanford Health employees:
What if you could help fund medical research each time you purchased a gallon of milk? Imagine you could help improve regional health care while purchasing Christmas gifts for your family. Imagine no longer, the First PREMIER Bank/Sanford Health Foundation Debit Mastercard® has arrived!
The card is free and each time a purchase is made, you will support the work of health and healing at Sanford Health.
As an added incentive, First PREMIER is offering the following:
1. Receive a $50 deposit when you open a new, personal checking account with a qualifying Sanford Health payroll direct deposit of $250 or more*; or add the direct deposit to an existing First PREMIER personal checking account. This offer is only valid with a Sanford Debit Mastercard.
2. The Sanford Health Foundation will receive $50 from First PREMIER, based upon the criteria listed above.
3. The Sanford Health Foundation will receive 50 percent of the net interchange fees received each time your Sanford Debit Mastercard is used.
Sanford employees who currently have a First PREMIER personal checking account with a qualifying direct payroll deposit may request a Sanford Debit Mastercard. While the first two incentives will not apply, 50 percent of the card’s net interchange fees will be given to the Sanford Health Foundation.
To open a new account and secure your Sanford Debit Mastercard, visit any First PREMIER Bank location or apply online.
You will need to select a Sanford Debit Mastercard, using the drop-down menu, and enter your special code: SANFORD
If you have any questions or need special instructions, please do not hesitate to contact our Customer Care Center at (800) 501-6535.
Sanford Health employees can turn their First PREMIER Bank checking account and home mortgage loan into $500. Here’s how:
Yes, but he or she must be a joint owner on the Sanford employee’s checking account. The significant other is not eligible for the $50-dollar incentives, but his or her card will generate the 50 percent net interchange fee donation to Sanford Health Foundation.
First PREMIER Bank may reissue a traditional debit card if your Sanford Health payroll direct deposit is discontinued. There will be no charge for this service.
Funds generated through the use of your Sanford Debit Mastercard will be used for to help fund important initiatives including: the Edith Sanford Breast Center, Ava’s House by Sanford, Sanford Children’s Miracle Network, Sanford Cure Kids Cancer, Sanford Research and more!
No. The Sanford Debit Mastercard is free.
Yes. Simply visit any First PREMIER Bank branch or call our Customer Care Center at (800) 501-6535. Instant issue cards are available at most branches except: Wakonda, Lake Norden, Castlewood, Kranzburg, and Watertown on 5th Street. Our Customer Care Center can also mail you one as quickly as possible. While the $50 offers are not valid for switching cards, 50 percent of the net interchange fees from your card will be donated to the Sanford Health Foundation.
Receive $50 when you direct deposit your qualifying Sanford Health payroll* into either (i) a new First PREMIER Bank personal checking account, or (ii) an existing First PREMIER Bank checking account if you have not used direct deposit previously. If you already have a qualifying direct deposit, you are not eligible for this offer.
The account must be in good standing, and the recipient must still be employed by Sanford Health, at the time of the $50 bonus payout to qualify. All bonuses will be paid to the applicable account within 6 weeks of the initial recurring Sanford payroll of $250 or more.
*A qualifying direct deposit is a recurring direct deposit of a Sanford Health payroll of $250 or more per pay period electronically deposited into an eligible checking account by a Sanford Health employee. Transfers from one account to another, or deposits made at a banking location or ATM do not qualify as direct deposit.
This offer is available January 1, 2020 through December 31, 2021. This special offer cannot be used in conjunction with any other discounts or bonus coupons. This offer is only available to employees of Sanford Health who are employed by Sanford Health through the period between setting up direct deposit and payment of the bonus.
All checking accounts require a $50 minimum deposit to open. The FREE+ Checking Account annual percentage yield for balances over $500 is 0.08%. Rates may change at the bank’s discretion. The $50 bonus will be shown as interest on account statements and will be reported as interest income on Form 1099-INT. Fees will reduce earnings.