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What if you could have a free checking account, that offered a high interest rate with no minimum balance and has free ATM usage, Nationwide. Now you can!
Ultimate Rewards Checking offers 5.25% apy* and Free ATMs Nationwide, along with some usual benefits:
- Free Checking
- Free Check Card
- Free Checks
- Free Online Banking
- Overdraft Privilege
- NO MINIMUM BALANCE
The only requirements are:
- 10+ check card transactions
- receive electronic statements
ATM fees are automatically refunded at the end of your statement cycle. You will receive one lump sum of the fees you have accrued from our bank's and other bank's ATM fees. Your interest will also be paid at the end of your statement cycle, 5.25% up to $25,000 and 2.25% on anything over that amount.
We want to REWARD you for helping us operate more efficiently.
Rewards and Requirements
What happens if I do not meet the requirements for Ultimate Rewards Checking?
Interest is not paid and ATM fees are not refunded for that statement cycle.
How does the tiered interest rate for Ultimate Rewards Checking work?
Accounts with balances up to $25,000 will earn interest at 5.25% APY as of June 1, 2006. All funds in the account over the $25,000 balance will earn 2.25% APY as of June 1, 2006.
Can the interest change on my Ultimate Rewards Checking account?
Yes. The interest rate can change daily, at the bank's discretion.
Do I have to do anything in order to get my ATM refund?
Upon meeting the monthly requirements, ATM refunds will automatically be posted to the account.
Will Ultimate Rewards Checking customers receive a 1099 reflecting interest earned over the year?
Yes
If my account balance goes negative, will I still be able to qualify for my rewards during that statement cycle?
Yes, if the requirements are met.
If I fail to meet the requirements during this statement cycle, can I still have a chance to qualify during the next statement cycle?
Yes, each month is viewed as a new requirement period.
If I miss my requirements by only one Check Card transaction, can I call in and get my interest and ATM refunds anyway?
No, Rewards are only given to customers who meet the requirements.
Statement Cycle
What is the statement cycle for Ultimate Rewards Checking?
The statement cycle is the 3rd Wednesday of each month, no exceptions.
Check Card Transactions
If I use my Check Card at an ATM, will that transaction count towards my requirements?
No. ATM/Cash withdrawals do not count towards this requirement. Only Check Card/POS transactions count.
May I "carry forward" Check Card transactions in excess of the required number to the next statement cycle?
No. Since there is no limit on the maximum number of transactions allowed, each month starts over the requirement cycle.
E-Statements
Must I access my e-statement online in order to qualify for the rewards?
No. You only have to provide an email so we can we send you a notice when you statement has cut. You do not have to login and access your statement.
Can I have an Ultimate Rewards Checking account if I don't own a computer?
Yes, as long as you have a valid e-mail account. Free e-mail accounts are available through several different websites. Public libraries have internet access to help with this. Some free e-mail service companies are Hotmail and Yahoo.
Account Limits
Is there a minimum balance requirement in order to receive my rewards?
The bank does not require a minimum balance as long as the requirements are met. In order to receive the stated APY, the average collected daily balance must be $0.01.
Is there a limit on the amount of ATM refunds that I can receive during a statement cycle?
No, as long as the requirements are met, all ATM transaction fees will be refunded.
Opening/Converting Accounts
Will I be able to use my existing Check Card, checks, and account number with my Ultimate Rewards Checking account or will those all change?
All of your current Checking account information will still be used. There is no need to change any of it.
How may I convert my current checking account to an Ultimate Rewards Checking account?
Our New Accounts Representatives will have a form for you to sign to change your account to the Ultimate Rewards Checking.
Can I open multiple Ultimate Rewards Checking accounts for the same address?
Yes, Customers can have as many Ultimate Rewards Checking account as they want, as long as they meet the requirements.
Can this be used as a business account?
No. This account is for consumer use only.
Is there a limit on the number or kind of transactions you can do on a Rewards Checking account?
No. There is no limit.
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