Cash Back Checking

Earn 6.00% APY on balances up to $15,000 and put more money in your pocket every month.

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Our Cash Back Checking gives you money back for everyday debit card purchases. Spend like usual and watch the cash rewards roll in! Are you already a member? In that case, please contact us or visit your nearest branch to open a Cash Back Checking Account.

Benefits of a Power Financial Credit Union Cash Back Checking Account

6.00% APY* crushes the average rate!

Our Cash Back Checking pays way more than the national average interest-bearing checking account.

ATM Fee Refunds

Meet the requirements, and we'll refund up to $3.50 per ATM fee you incur with a maximum of $20 per program cycle. Keep that extra cash right in your wallet!

Start with Just $20

A $20 deposit is all it takes to open an account. Immediately start earning cash rewards on your spending.

No Monthly Service or Overdraft Fees

Enjoy zero monthly fees and zero overdraft fees with your Cash Back Checking account.

Why Open a Cash Back Checking Account?

Our rewards checking pays out far more than most other interest-bearing accounts. The money you’ll earn can help cover bills, dinners out, and fun times with friends and family! Account features and benefits include:

Earn up to 6.00% APY* on balances up to $15,000
Get ATM fee reimbursements up to $20 per monthly cycle
Free 24/7 access to Online Banking and electronic Bill Pay
Access your finances through our highly-rated Mobile App
Free Visa® debit card and access to a national network of thousands of ATMs
No overdraft or non-sufficient funds (NSF) fees

Requirements

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

Use your Power Financial Credit Union Visa® Debit Card at least 12 times (excluding ATM transactions) and have the transactions clear
Receive at least 1 direct deposit of $500 or more to your Cash Back Checking account OR Use Bill Pay* at least three times and have the payments clear
Enroll to securely receive eStatements online

Open an account today and start getting cash back on your debit card purchases!

Open Account

How to Open a Cash Back Checking Account

Step 1

Confirm Eligibility

Have a quick look at the membership criteria to join our credit union family.

Step 2

Deposit $20

A $20 deposit is all it takes to open a Cash Back Checking account.

Step 3

Spend and Earn!

The more you use your debit card, the more money you’ll earn.

Get Started

Are you already a member? In that case, please contact us or visit your nearest branch to open a Cash Back Checking Account.

"Helpful, informed and intelligent about how to manage money, this is also an institution in which you walk in and are greeted by name."

– P. T., Delray Beach, Florida.

FAQs About Cash Back Checking Accounts

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 6.00% 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: $3.50 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)
Be enrolled to receive eStatements
Receive at least 1 direct deposit of $500 or more OR 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 [email protected] 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:

Month	Program Cycle Begins	Program Cycle Ends
January 2026	December 31, 2025	January 29, 2026
February 2026	January 30	February 26
March 2026	February 27	March 30
April 2026	March 31	April 29
May 2026	April 30	May 28
June 2026	May 29	June 29
July 2026	June 30	July 30
August 2026	July 31	August 30
September 2026	August 31	September 29
October 2026	September 30	October 29
November 2026	October 30	November 29
December 2026	November 30	December 30
January 2027	December 31, 2026	January 28, 2027

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.

Want More Information, Tips, and Tricks?

Visit Us Call: 800-548-5465 Contact Us

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*Rates are current as of 04/10/2025 and subject to change. Cash Back Checking requires a $20 minimum opening balance. If requirements are met during program cycle: Annual Percentage Yield (APY) of 6.00% is paid on balances up to $15,000; 6.00% - 0.15% APY on balances of more than $15,000. If requirements are not met, APY is 0.00%. If requirements are met in program cycle, ATM surcharge fees of up to $3.50 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 Power Financial Credit Union VISA debit card transactions (ATM transaction excluded), and receive 1 direct deposit of at least $500 to your Cash Back Checking account or 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.

Cash Back Checking

Benefits of a Power Financial Credit Union Cash Back Checking Account

Why Open a Cash Back Checking Account?