Overview rewardschecking tab

Think the Days of Free Checking Are Over?

Think again! Rewards Checking comes with unlimited ATM reimbursements1, free Bill Pay, free cash-back Purchase Rewards and free FinanceWorks™ money management software. Plus you can earn up to 1.25% APY* on all balances $150,000 or less and it only takes $100 to open!

How does this sound?


The Basics

  • No monthly maintenance fee
  • No minimum monthly balance
  • No Overdraft or Non-sufficient Funds fee
family looking off into the distance

The Rewards

  • No Fees
  • Free Account Features
  • Cash-Back Purchase Rewards
  • Earn up to 1.25% APY*
Earn up to 1.25% APY*, Cash-Back Purchase Rewards, Free Account Features, No Fees

The Features

accessing money from an ATM
Access to your money 24/7
  • Flexible on-the-go access to your account with Online and mobile banking
  • Make purchases with your free Visa® Debit card
  • Membership to the largest ATM network in the nation - You can use any domestic ATM and we'll automatically refund fees by the next business day 1
  • If you can't find an ATM, your Visa® Debit card gets you cash back at most grocery stores, gas stations and super stores
  • Free initial checks (50-pack) if ordered at account opening
Deposit money
  • Free Mobile Deposit— Deposit checks instantly 24/7 wherever you and your phone go
  • Free MyDeposit— Deposit checks instantly from the comfort of your home or office using a computer and scanner
reading over financial documents
Manage your finances
  • Pay other people for free with Popmoney
  • Free FinanceWorks™ powered by Quicken, an easy budgeting tool
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Security
  • With Visa Zero Liability, you are not responsible for unauthorized purchases
  • Set up email and text messaging alerts to notify you of any account activity
  • Overdraft protection available
  • FDIC insured - certificate number 35546

OPEN ACCOUNT
 Compare rewardschecking tab

Find The Online Checking Account That's Right For You

Which Bank of Internet USA Checking account best fits your needs? Compare them side-by-side then open an account online.


Rewards Checking High Interest Checking CashBack Checking
Interest Compounded Daily checkmark checkmark
Cash Back for Debit Purchases

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No Minimum Balance checkmark
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No Maintenance Fees checkmark
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Free Online Bill Pay checkmark checkmark checkmark
Free Mobile Banking checkmark checkmark checkmark
Free Text Banking checkmark checkmark checkmark
Free Check Writing checkmark checkmark checkmark
Free MyDeposit checkmark checkmark checkmark
Free FinanceWorks™ checkmark checkmark checkmark
Free Purchase Rewards checkmark checkmark checkmark
Free Online Statements checkmark checkmark checkmark
Free Online Check Images checkmark checkmark checkmark
Free Online Inter-Account Transfers checkmark checkmark checkmark
Available Visa® Debit Card checkmark checkmark checkmark
FDIC Insured checkmark checkmark checkmark
Minimum Opening Deposit $100 $500 $100
OPEN ACCOUNT
 Rates rewardschecking tab

Steps to Building Your Top Reward Rate

REWARDS CHECKING

Current Rate Tier (Minimum to earn APY*) Rate APY*
Receive direct deposits each month totaling $1,000 or more .4166%
Use your Rewards Checking Visa® Debit Card at least 10 times per month for normal everyday purchases.(min $3 per transaction) .4166%
Use your Rewards Checking Visa® Debit Card for 15 or more times per month for normal everyday puchases. (min $3 per transaction) .4166%
TOTAL 1.24% 1.25%*

Current Rate Tier Examples

Example of how to earn .833% APY*

For example if you receive the qualifying direct deposit from your employer (.4166%) and use your Visa® Debit Card at least 10 (.4166%). You will earn a total of .8333% APY* having accomplished 2 of the 3 steps. NOTE: Visa® Debit Card transactions must be $3 or more to qualify and any balances greater than $150,000 will not earn interest.

Example of how to earn .833% APY*

For example if you use your Visa® Debit Card 15 or more times (.4166% for the first 10 purchases + .4166% for 15 or more purchases). You will earn a total of .8333% APY* having accomplished 2 of the 3 steps. NOTE: Visa® Debit Card transactions must be $3 or more to qualify and any balances greater than $150,000 will not earn interest.

Example of how to earn 1.25% APY*

For example if you receive the qualifying direct deposit from your employer (.4166%), and use your Visa® Debit Card 15 or more times (.4166% for the first 10 purchases + .4166% for 15 or more purchases) You will earn 1.25% APY* having accomplished all of the steps. NOTE: Visa® Debit Card transactions must be $3 or more to qualify and any balances greater than $150,000 will not earn interest.

OPEN ACCOUNT
 Purchase Rewards rewardschecking tab

Turn everyday purchases into cash
Let us show you how.

Did you know? You're eligible for exclusive cash back offers when using your Bank of Internet USA Visa® Debit Card at the types of places you like to shop.

How it works...

  • Purchase Rewards-Clickto activate exclusive cash back offers at the places you like to shop.
  • Purchase Rewards-Shoponline or in stores to redeem your offers by paying with your card. No coupons needed!
  • Purchase Rewards-Enjoyauto cash back — deposited right into your account at the end of next month.
Purchase Rewards sample

Log in to Bank of Internet USA at www.mybankofinternet.com and let the savings begin.

Get Started View Demo

If you have questions, please don't hesitate to contact us by email at customerservice@bankofinternet.com or call us toll free on 1-877-541-2634.

View Purchase Rewards video here.

 Overdraft rewardschecking tab

Peace of Mind vs. In A Bind

What happens if you accidentally bounce an important check? With Overdraft Protection from Bank of Internet USA, your important check doesn’t bounce at all. It’s exactly the peace of mind you need. Best of all, if you never use our Overdraft Protection, it doesn’t cost you a thing.

Overdraft protection by linking accounts

Link your online checking account to an online savings or money market account, Use the balance in the linked account to cover the shortfall in your online checking account (up to the full balance of the linked account).

To set up: log in to your account and send us a secure message indicating the last 5 digits of the two account numbers you would like to have linked together. (Regulations limit savings and money markets accounts to a maximum of 6 transactions per month.)

OPEN ACCOUNT
 FAQs rewardschecking tab

What do you want to know?

Bank of Internet USA is here to make your banking experience as simple and convenient as possible. If you have any questions about the Rewards Checking account, chances are, we’ve answered them here. You can access a more comprehensive list of FAQs by clicking here. Alternatively, you can ask us a question by contacting us here.

 Personal Banking - AJAX FAQs
What is the difference between a Bank of Internet USA Rewards Checking account and High Interest Checking account?What information do I need to open a Bank of Internet USA Rewards Checking account?How do I fund an account?Who do I make checks payable to when depositing to my account?When will I receive my new Visa® Debit card and Checks?How do I order checks?How can I access/manage my money in the Bank of Internet USA account?What ATMs can I use with Bank of Internet USA?What are the ATM/Debit card daily limits?When will my interest be calculated?Is there a hold on direct deposits?What is the difference between Bank of Internet USA checking accounts?What information do I need to open a Bank of Internet USA Platinum Checking account?How do I fund an account?Who do I make checks payable to when depositing to my account?When will I receive my new Visa® Debit card and Checks?How do I order checks?How can I access/manage my money in the Bank of Internet USA account?What ATMs can I use with Bank of Internet USA?What are the ATM/Debit card daily limits?When will my interest be calculated?Is there a hold on direct deposits?What is the difference between Bank of Internet USA Checking accounts?What information do I need to open a Bank of Internet USA CashBack Checking account?How do I fund an account?Who do I make checks payable to when depositing to my account?When will I receive my new Visa® Debit card and Checks?How do I order checks?How can I access/manage my money in the Bank of Internet USA account?What ATMs can I use with Bank of Internet USA?What are the ATM/Debit card daily limits?When will my interest be calculated?Is there a hold on direct deposits?What is the difference between a Bank of Internet USA High Yield Savings account and Money Market Savings account?What information do I need to open a Bank of Internet USA Money Market Savings account?How do I fund an account?Who do I make checks payable to when depositing to my account?How can I make a withdrawal from my Money Market Savings account?Is there a limit to how many withdrawals I can make from my savings/money market account per statement cycle?What ATMs can I use to withdraw cash?What are the ATM/Debit cash daily limits?What is the difference between a Bank of Internet USA High Yield Savings account and Money Market Savings account?What information do I need to open a Bank of Internet USA Money Market Savings account?How do I fund an account?Who do I make checks payable to when depositing to my account?How can I make a withdrawal from my Money Market Savings account?Is there a limit to how many withdrawals I can make from my savings/money market account per statement cycle?What ATMs can I use to withdraw cash?What are the ATM/Debit cash daily limits?
 RewardsChecking - FAQs bottom