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Who can open an ETA?

April 26, 2017ETA

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Who can open an ETA?

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Any individual who receives a Federal benefit, wage, salary, or retirement payment is eligible to open an ETA at a participating bank, credit union, or savings and loan. Credit unions can offer ETAs, but a recipient must be eligible to be a member of that credit union in order to open an account there. As a condition to opening an ETA, Federal credit unions may require that a recipient open and maintain a share account with a minimum balance, if such a requirement is imposed under Federal or State law.