If you thought the days of the free checking were over, then you thought wrong. With Bank of Internet USA, Rewards Checking comes with unlimited ATM reimbursements, free Bill Pay, free cash-back Purchase Rewards and free FinanceWorks™ money management software.
Plus, you have the opportunity of earning 1.25% APY on all balances. It only takes an easy $100 opening deposit to get things started. Rewards Checking also comes with no monthly maintenance fees or minimum monthly balances. You can also use their MyDeposit service completely free of charge and this allows you to deposit checks instantly from the comfort of your home or office. You can get an entirely free checking account and feel secure knowing that is completely FDIC insured up to $250,000.
There are minimums to meet in order to earn the APY:
- Receive direct deposits each month totaling $1,000 or more – 0.3125% APY
- Pay 2 bills each month through their free online banking – 0.3125% APY
- Use your Rewards Checking Visa® Debit Card (which if free) at least 1 time per month for normal everyday purchases – 0.3125% APY
- Use your Rewards Checking Visa® Debit Card at least 6 or more times per month for normal everyday purchases – 0.3125% APY
- Totaling: 1.25% APY
They display examples on how to earn the APY in various ways on their website. Be sure to check it out and see if this Rewards Checking account can really reward you!