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Cash Back Checking

We're always finding ways to put more money in your pocket.

It's no hype, no exaggeration. Just the facts. At Power Financial Credit Union, our Cash Back Checking doesn't just pay you a nickel here and a dime there. It pays nearly 20 times more than the average interest-bearing checking account! Over the course of a year, that's a nice chunk of extra money to pay the bills, to buy your favorite foods and - best of all - to show your family a good time.

  • Earn up to 1.01% APY* on balances up to $15,000
  • Get ATM fees refunded up to $20 per monthly cycle**
  • Free 24/7 access to Online Banking  and electronic Bill Pay
  • Access your finances through our Mobile App and eDeposit checks directly into your account
  • Free Visa® debit card and access to a national network of thousands of ATMs

Requirements are Simple

It's easy to earn the higher interest rate and ATM fee refunds. Just meet these simple requirements during each monthly cycle:

Cash Back Checking FAQs

Accordion Section

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:

 
Month Program Cycle Begins Program Cycle Ends

December 2019

November 29

December 30

January 2020

December 31

January 30

February 2020

January 31

February 27

March 2020

February 28

March 30

April 2020

March 31

April 29

April 2020

March 31

January 1, 2020

May 2020

April 30

May 28

June 2020

May 29

June 29

July 2020

June 30

July 30

August 2020

July 31

August 30

September 2020

August 31

September 29

October 2020

September 30

October 29

November 2020

October 30

November 29

December 2020

November 30

December 30

You will receive a 1.01% 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: 12 Power Financial Credit Union Visa® debit card or signature-based transactions in program cycle (ATM withdrawals excluded), accept electronic eStatement delivery, and make three bill payments using our online bill pay per program cycle.
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.
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.
No, because of the great rewards the Cash Back Checking account offers, it is limited to one per member.
If you meet the requirements each cycle, you will receive your rewards on the last day of the statement cycle.
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.
The posting date will be the date that is used for calculating 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.

Page Disclaimers

*APY= Annual Percentage Yield. Rates are current as of 02/07/2020 and subject to change. $20 minimum opening balance. If requirements are met during program cycle: Annual Percentage Yield (APY) of 1.01% is paid on balances up to $15,000; 0.15% APY on any balance above $15,000. If requirements are not met, the APY is 0.01%. **If requirements are met in program cycle, ATM surcharge fees of up to $2 per transaction with a maximum of $20 per program cycle will be refunded. Requirements for earning dividend and ATM surcharge fee refunds include: You must be enrolled in eStatements, conduct 12 or more Power Financial Credit Union VISA debit card transactions (ATM transactions excluded), and 3 SecureLink Bill Pay transactions must post to your account per program cycle. There is a $4.95 fee if SecureLink Bill Pay is not used to pay at least one bill in a program cycle. Fees may reduce earnings.

Cash Back Checking is limited to one per member. Business/Association accounts are not eligible. Rates and terms subject to change without notice. Other conditions may apply.

Power Financial Credit Union serves members across South Florida with 8 full-service branches and offers convenient account access from anywhere using its secure Online Banking and highly-rated Mobile App.