Cash Back Checking

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

Open Account View Rates

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:

Use your Power Financial Credit Union Visa^® Debit Card at least 12 times (excluding ATM transactions) and have the transactions clear.
Use Bill Pay at least three times and have the payments clear.
Receive email notification of your monthly statement availability and securely view your eStatements online.

Cash Back Checking FAQs

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.

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*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.