CashBack Checking

CashBack Checking

Are you ready to earn 5.00%

cash back?^

Get rewarded every time you use your Flatwater Bank debit card on everyday purchases, every month you qualify. Plus, enjoy refunds on ATM withdrawal fees, nationwide. And you’ll always be able to enjoy our Digital Banking conveniences while using your debit card!

 

Benefits You’ll Love

  • Cash back on debit card purchases
  • No monthly maintenance fees
  • No minimum balance to earn rewards
Details
  • Free checking that pays you back
  • Get 5.00% cash back on debit card purchases 1
    • No category restrictions on purchases
    • Cash back earned on as much as $200 in purchases monthly
    • Earn as much as $120 cash back per year, $10 per month 2
  • Refunds on ATM withdrawal fees, nationwide (up to $25 monthly) 3
  • Link to free HighYield Savings to build savings automatically 4
  • No monthly maintenance fee
  • No minimum balance to earn rewards
  • $50 minimum deposit to open
Qualifications to Earn Cash Back

Enrollments must be in place and all of the following transactions and activities must post and settle to your CashBack Checking account during each Monthly Qualification Cycle:

  • At least 12 debit card purchases, each greater than $5.00
  • At least 1 ACH credit or ACH payment transaction
  • Be enrolled in and agree to receive e-statements

And if you don’t meet these qualifications, don’t worry — your account is still free. And you can get right back to earning your cash rewards the very next cycle that you qualify.

 
^ Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards. The following activities do not count towards earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our institution as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards."Monthly Qualification Cycle" means a period beginning one banking day prior to the first day of the current statement cycle through one banking day prior to the last business day of the current statement cycle. (1) When CashBack Checking qualifications are met during a Monthly Qualification Cycle, you will receive 5.00% cash back on up to a total of $200 signature-based card purchases that post and settle to the account during that cycle period. (2) A maximum of $10 cash back payments may be earned per Monthly Qualification Cycle. (3) You will receive reimbursements up to an aggregate total of $25 for nationwide ATM withdrawal fees incurred within your CashBack Checking account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees/surcharges, imposed by other financial institutions, based on estimates when the withdrawal information we receive does not identify the specific ATM withdrawal fee/surcharge. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive a transaction receipt within sixty (60) calendar days of the withdrawal transaction. (4) When your linked CashBack Checking or HighYield Checking account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $100,000 in your HighYield Savings account earn an APY of 2.00% and daily balances over $100,000 earn an interest rate of 0.50% on the portion of the daily balance over $100,000, resulting in a range from 2.00% to 1.25% APY depending on the account's daily balance. A CashBack Checking or HighYield Checking account is required to have a HighYield Savings account. When your CashBack Checking account qualifications are not met, no cash back payments are made and ATM withdrawal fees are not refunded. Cash back payments and nationwide ATM withdrawal fee reimbursements will be credited to your CashBack Checking account on the last day of the current statement cycle. Rates, rewards, and bonuses, if any, are variable and may change after account is opened; rates may change without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. A $50 minimum deposit is required to open the account. A minimum of one  ACH Credit or Debit & e-statements are a condition of this account. Limit of one account per social security number. There are no recurring monthly maintenance charges or fees to open or close this account. This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account. Advertised information and rewards are based on all account qualifications being met during each cycle period. Contact one of our bank service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.