- Minimum balance to open = $1.00
- Consumer accounts only
- Earn interest on your checking account
- If your account meets the monthly
qualification requirements detailed below:
- Earn a higher interest rate on
balances up to $15,000 (effective January 1, 2014 this
will reduce to $10,000) and
- earn a lower rate on balances above
the threshold described above.
- Automatic ATM fee refunds up to
- If your account DOES NOT meet the monthly
qualification requirements detailed below, your account will
earn the lower interest rate.
- Free single wallet bank stock checks
- No monthly account fee
- No minimum balance
All three (3) of the following qualifications
must be met during the monthly qualification cycle (calendar
month) in order to qualify for the benefits described above:
- Enroll in e-statements – You will not
meet the requirements for #1 if you request a paper
statement by mail.
- Make at least ten (10) debit card
purchases that post and settle to your account. Examples of
transactions that qualify are swiping your debit card as
debit or credit at the grocery store, gas station,
restaurant, etc. Examples of transactions that do not
qualify include electronic check conversions, preauthorized
debits or ATM withdrawals.
- Have at least one (1) automatic payment
(ACH) or direct deposit that posts and settles to your
account. Examples of transactions that qualify are direct
deposit of your paycheck or auto debit of your monthly
utility bill. Examples of transactions that do not qualify
include online transfers, interest payment, point of sale or
debit card transactions, wire transfers, provisional credit,
electronic check conversion, adjustments, preauthorized
transfer (customer originated), internal loan payment to
First State Bank, online bill pay or refund of an NSF or OD
If monthly qualifications are not met, your
account will earn the minimum rate on the account.
The qualification cycle is one calendar month (i.e. February 1 –
February 28 or March 1 – March 31).
Reward Checking account statements are generated on the first
business day of the month after the qualification cycle ends.