You will automatically qualify your first month. After that, continuing qualifying is easy – each month just continue meeting the same requirements that earned you your cash welcome bonus to automatically qualify:
- Receive eStatements
- Make 8 debit card transactions
- Get at least one recurring direct deposit
If you miss out on rewards one month, don’t worry. Your account is still free AND you can qualify for rewards again the very next month.
Here’s a few more details on qualifying for rewards from a Cashback or High-Yield Checking:
Please note that Electronic transfers between accounts do not count as a direct deposit. Transactions may take one or more banking days from the date transaction was made to post and settle to your account. If all three qualifications are met during the calendar month, domestic ATM fees charged by ATM owner (surcharge fee) incurred during the month will be reimbursed up to $25.
For High-Yield Checking, the first $25,000 of the account balance earns 1.00% APY and balances over $25,000 earn 0.10% APY. Non-qualifying accounts earn 0.01% APY on balances. The advertised High-Yield APY is based on compounding interest monthly.
For Cashback Checking, 1% of debit card purchases (up to $8) will credited to your account each month. Transactions may take one or more banking days from the date transaction was made to post and settle to your account.