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  • No minimum balance or monthly fees.
  • 0.89% APY* on balances up to $50,000 and nationwide ATM fees refunded when you perform the following requirements each qualification cycle:
    • Must have at least 10 debit card purchases post and clear per qualification cycle
    • Must have at least 1 direct deposit or ACH auto debit post and clear per qualification cycle.
    • Enroll and receive electronic statements
  • 0.10% APY* on balance if requirements are not met, with no refunds for ATM fees
  • 0.20% APY* on your balances over $50,000 each qualifying cycle when the requirements are met.

*0.89% Annual Percentage Yield (APY) paid on balances between one penny and $50,000, and 0.20% APY paid on all amounts above $50,000 each cycle the minimum requirements are met.  When minimum requirements are met, ATM fee refunds are automatic and are credited to the account at the end of the qualification cycle.  If you do not meet the requirements per cycle, your account will still function as a free checking account earning 0.10% APY; however, it will not receive ATM refunds for that time period.  Rates are effective as of today's date.  We may change the interest rate and APY at any time after the account is open.  No Minimum Balance Required.  Available to Personal Accounts only.  No monthly service charge.

Rewards Checking FAQ

Rewards and Requirements

  • Are there Service or Maintenance Charges for First Rewards Checking?
    • No, this account is just like a Free Checking account. There are no service or maintenance fees
  • What are the "Rewards" for First Rewards Checking?
    • 0.89% APY interest for balances up to $50,000 and 0.20 APY on the portion of the balance over $50,000.
    • Nationwide ATM fee refunds - Unlimited!
  • What are the requirements that must be met to qualify for the rewards?
    • Must have at least 1 direct deposit or ACH auto debit post and clear per qualification cycle.
    • Must have at least 10 debit card purchases post and clear per qualification cycle
    • Electronic delivery of bank statement
  • How often must the requirements be met to qualify for the rewards?
    • Each qualification cycle
  • What happens if the requirements for First Rewards Checking are not met?
    • You will receive .10% APY interest and your ATM Surcharge Fees will not be refunded.
  • Can the interest rate on my First Rewards Checking change?
    • Yes - this is a variable rate (not fixed) and can change at any time.  This is true for all of our checking accounts. It is not expected to change, however the possibility does exist that it could change up or down in the future.
  • Is this just a "teaser" or promotional yield/rate?
    • No, the yield is expected to remain the same, but can be changed at any time.
  • How is the interest calculated?
    • The rate is calculated based on meeting or not meeting requirements.  Then collected funds receive interest at the applicable rate.
  • If I meet the requirements, when will I receive my rewards?
    • On the last day of each qualification cycle.  This is the third Thursday of each month.
  • If I use another bank's ATM and pay a fee, when will I get my refund?
    • If all requirements are met, the ATM fees will be refunded at the end of the qualification cycle in which the ATM fees were charged.
  • Do I have to do anything in order to get my ATM refunds?
    • No.  If all requirements are met, earned refunds will automatically be placed into your checking account.
  • How will I know that I have qualified for my rewards at the end of the qualification cycle?
    • An e-mail will be sent letting you know if you did or did not qualify for the rewards, and if not, why.
  • Will First Rewards Checking customers receive a 1099 at the end of the year reflecting interest earned over the year?
    • If the total Interest earned on the account is $10.00 or greater a 1099 will be sent.
  • Are fees refunded on ATMs used internationally?
    • No, refunds of surcharges are Nationwide (United States) only.
  • If  my account balance goes negative, will I still be able to qualify for my rewards during that qualification cycle?
    • As long as the requirements are met you will receive your rewards.
  • If I fail to meet the requirements during this qualification cycle, can I still have a chance to qualify during the next qualification cycle?
    • Yes, all requirements are reset at the beginning of each qualification cycle. If you complete the requirements the next month, you will receive your rewards.
  • What if my new check card doesn't arrive until late in the statement cycle and I don't have time to earn my rewards. will I still get them?
    • New checking accounts will automatically get rewards for the 1st statement cycle.  This will give you time to get your check card and start using it for the next qualification cycle.
  • If I miss my requirements by only one check card transaction, can I call in and get my interest and ATM refunds anyway?
    • No, all requirements must be met in order to receive the rewards.

Qualification Cycle

  • What is the qualification cycle for First Rewards Checking?
    • Your account will cycle on the 3rd Thursday of each month.
  • Will all First Rewards Checking customers be on the same qualification cycle?
    • Yes, and it must be different than any other qualification cycle of other checking accounts
  • If an existing customer is moved to a First Rewards Checking, will his/her statement cycle change?
    • Yes

Check card Transactions

  • If I use my check card at an ATM, will that transaction count toward my requirements?
    • No, the required check card transactions must be a purchase to count toward the requirements.
  • May I "carry forward" check card purchases in excess of the required number to the next qualification cycle?
    • No, at the start of each cycle all the requirements for the rewards are reset. The only exception to this would be pending purchases that post or clear during the next qualification cycle.
  • Will the purchases from this qualification cycle on my old account count toward the required purchases for this qualification cycle on my First Rewards Checking?
    • No, the requirements must be done on the new First Rewards Checking. 


  • Must I open or print my E-statement in order to qualify for the rewards?
    • No, electing to receive your statement electronically is all that is required.
  • Do I receive check images with my First Rewards Checking?
    • Yes.
  • What if I need a printed copy of my statement and/or check image?
    • Statements and images can be printed from any computer.
  • How long will my statements be available on-line?
    • For approximately 60 days.  The bank can provide statements older than 90 days.
  • Can I have a First Rewards Checking if I don't own a computer?
    • Yes, however you must be able to receive e-mail.

Account Limits

  • Is there a limit on the amount of money I can keep in my First Rewards Checking?
    • No, you can keep as much as you want in the account.
  • Is there a minimum balance requirement in order to receive my rewards?
    • There is no minimum balance requirement in order to receive rewards.
  • What is the minimum opening deposit for a First Rewards Checking?
    • $100.00

Opening/Converting Accounts

  • Is overdraft protection available for First Rewards Checking accounts?
    • Yes.
  • Will I be able to use my existing check card, checks, and account number with my First Rewards Checking or will those all change?
    • Yes, for existing conversions the account number, check card and all other account information will remain the same.
  • How do I convert my current checking account to a First Rewards Checking?
    • All you need to do is talk to one of our New Account Representatives.
  • Can I open a First Rewards Checking account over the phone?
    • Not at this time.
  • Can I open a First Rewards Checking over the internet?
    • Not at this time.
  • Can multiple people use the same First Rewards Checking?
    • Anyone who is listed on the account may use the First Rewards Checking
  • Can a DBA or Business use this account?
    • No
  • Is there a limit on the number or kind of purchases you can do on a First Rewards Checking?
    • There is no limit on the number or kind of purchases you can do.

  • Will I receive free checks with my new First Rewards Checking?
    • No
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