Features
Earn “Bonus” Rate and refunded ATM fees(1) when requirements are met.*
Interest paid on all collected balances.
Unlimited transactions with no balance requirement
No monthly service charge.
Online monthly statement
Available Services
*Requirements for Premium Interest Rate & Free ATM Usage2:
During each Qualification Cycle, these requirements must be met:
What You Need to Know
If the account balance falls below $100 with no activity for 12 months, a $5 monthly service charge will be assessed
1$25 maximum ATM fee refund per qualification cycle.
2ATM-processed transactions do not count towards qualifying debit card purchases.
3If requirements are not met, the account will function as a free checking account, earning the base interest rate, but will not qualify for the bonus interest rate or ATM surcharge fee refunds (up to $25).
*Bonus rate available on balances up to $25,000 if qualifications are met.
Frequently Asked Questions
Find the answers here!
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When do I have to have my debit card and ACH transactions completed?
Must have at least 10 debit card transactions post and clear the account during the statement cycle, and one direct deposit or ACH auto payment post and clear the account, plus receive electronic statements in order to earn the higher rate.
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How are the tiered interest rates calculated?
If all three requirements are met, the first $25,000 earns the highest bonus interest rate, while all balances over that amount earn the lower bonus interest rate. If the requirements are not met, the account functions as a free checking account, earning the base interest rate. The base and bonus rates may change at the bank’s discretion.
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How are ATM refunds obtained?
If all three qualifications are met, all transaction surcharge fees within the United States will be automatically refunded up to $25 per statement cycle. ATM transactions made outside the United States will only receive refunds on fees charged by NVB.
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Will failing to meet the requirements during one qualification cycle prohibit qualifying for rewards in subsequent months?
No, each qualification cycle represents a new qualification period. Excess transactions cannot be “carried forward”.
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Do I have to look at my statement online in order to meet the qualifications?
While the bank encourages you to review your statement, this is not a qualifier for the account.
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Can I open a Reward Checking account if I do not own a computer?
Yes, as long as you have a valid email address. If you do not have a valid email account, a free email account may be set up through a service provider such as Yahoo or AOL.
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If I already have an NVB checking account, do I have to open a new account to have a Reward Checking account?
No, with your signed authorization we can change your existing account type to a Free Reward Checking account. You may continue using your existing account number, checkbook, and debit card. When your account type is changed, your statement cycle may change.
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May a customer have more than one Reward Checking account?
Yes, there is no limit on how many Reward Checking accounts a customer may open. However, each account has its own set of requirements that must be met to earn the bonus interest rate and ATM refunds. If the 3 qualifications are not met for any account, that particular account will not earn the bonus interest rate or ATM refunds for that qualification cycle.
