Cash Back Checking

A Cash Back Checking account is like a piggy bank that gives you some money back when you buy things. When you make a debit card purchase, a small part of what you spend comes back to you. It's a fantastic way to make money from your usual shopping!

You will receive a 5.12% APY dividend for balances up to $15,000 and 0.15% APY on the remaining balance over $15,000 as well as ATM fee refunds – nationwide. Limit: $2 per transaction with a maximum of $20 per program cycle.

Requirements for earning dividend and fee refunds include:

• At Least 12 Power Financial Credit Union Visa® debit card or signature-based transactions in the program cycle (ATM withdrawals excluded)
• Accept electronic eStatement delivery
• Make 3 bill payments using our online bill pay per program cycle (There is a $4.95 fee if Bill Pay is not used to pay at least one bill in a program cycle.)

The requirements must be met for each qualifying program cycle.

An email will be sent to you from Listening@powerfi.org letting you know if you receive the rewards each qualifying program cycle.

Yes, your statement reflects transactions from the first day of the month to the last day of the month. For example, August 1 and the ending date of statement period is August 31. The qualifying program cycle begins on the last business day of the month and ends one business day before the last business day of the month. For example:

If you meet the requirements for each cycle, you will receive your rewards on the last day of the statement cycle. You can also use our highly-rated mobile banking app to check your checking or savings account.

You will receive your rewards as soon as you meet the requirements! It’s that simple. If your account is opened late in the month, you may not have time to meet the requirements until the following month.

No, you can’t have more than one. Each member can only have one Cash Back Checking account at a time. That’s because of the great rewards this account has to offer!

We’ll use the posting date to calculate rewards. The posting date is the date the transaction shows up on your account history. For example, if you initiated a transaction on June 27th, but it didn’t appear until July 2nd, it would count as a July transaction. Most transactions post within three days, but it depends on the merchant’s processing system.

Yes, all requirements start over at the beginning of each qualification cycle.

Setting up direct deposit is simple. You need to give your employer the credit union's routing number and your MICR number. If you need help, our member service team is here for you. You can also visit our Direct Deposit page for more information.

There is no minimum balance required but there is a $20 minimum to open a Cash Back Checking account.

There is no monthly service fee for the Cash Back Checking Account. All accounts are subject to additional fees as set forth in the Fee Schedule.

As a credit union, we're insured by the federal National Credit Union Administration (NCUA). It’s just like FDIC insurance but for credit unions. This means the money in your account up to $250,000 is fully protected and safe.

A cash back checking account can be an intelligent tool in your personal finance plan. It helps you earn money from everyday spending, which can add to your savings or help cover expenses.