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Rebate Checking
Frequently Asked
Questions |
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Q. What is
Rebate Checking? |
| A. Rebate Checking
is a free checking account that pays
you high yields in the form of a
rebate as long as you meet the
requirements |
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and adopt and use the cost-saving
technologies that are available from
the financial institution. |
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Q. Is there a fee for Rebate
Checking? |
| A. No. There is no
monthly fee or signup cost involved
with Rebate Checking as it is a free
checking account. |
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Q. How is the
rebate calculated for Rebate Checking?
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| A. You will earn
(%)* on your average daily balance
up to ($)* and as an added incentive
the financial institution may refund up
to ($)* in |
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foreign ATM
fees in the form of the Rebate. |
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Q. What are the requirements for
Rebate Checking? |
| A. When opening your
Rebate Checking account you must
have a valid email address, enroll
in E-Statements, and sign up for
online banking. |
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Each month/statement cycle in order
to earn the rebate you must have at
least (#)* debit transactions, direct
deposit totaling at least |
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($)*, and no
loan at the financial institution
more than (#)* days delinquent.All requirements must be met to earn the rebate. |
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Q. I have met all of the
requirements so now what happens? |
| A. Each
month/statement cycle that you meet
the requirements Rebate Checking
will calculate the amount earned and
if that total meets or |
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exceeds the amount of the rebate
card selected then that will trigger
your rebate to be sent out. If
the amount does not reach the |
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amount of the rebate, then the
amount earned will be saved and
added to future earnings until the
total meets or exceeds the |
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amount of the rebate. Any amount over earned
over the amount of the rebate will
be put towards the next rebate. |
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Q. What happens if I do not meet
all the requirements? |
| A. There are no
penalties for not meeting the
requirements and they will reset at
the beginning of each
month/statement cycle. |
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Q. If my account balance goes
negative, can I still qualify for
the rebate? |
| A. Yes, as long as
all of the minimum requirements have
been met and your daily average is
positive. |
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Q. When does the debit card
transaction count, the purchase date
or the post date? |
| A. The date that the
transaction posts to the account. So
if a debit card transaction is made
on the last day of the month but it
posts to the |
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account the next month , it will go
towards the next months
requirements. |
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Q. What are the types of the
rebate available? |
| A. There are $25.00
branded gift cards available and you
get to decide which card you want
for your account. You also have the
option |
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to have the rebate via ACH back into
your account. |
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Q. How will I receive my Branded Rebate
Checking Gift Card? |
| A. Once you have
earned a card you will be notified
via email and your card will be
mailed from the card distribution
center. |
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Q. Are the branded rebate reloadable
and do they expire? |
| A. No. The cards do
not expire and require no
activation. Some cards may be
reloadable at the retailer but
will not be reloadable by |
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Rebate
Checking. |
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*
Parameters in ( ) are defined by the
Rebate
Checking account holder's financial
institution. Please contact your
financial institution for |
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details as parameters are subject to
change. |
