BANKWEST Power Checking
Earn Power Rates!
3.04% APY* on balances less than $25,000
.50% APY* on balances $25,000 and above
AND Get ATM Fee Refunds!**
if requirements are not met
0.10% APY* on balances
Benefits and Options with Power Checking:
- Free Online Bill Pay
- Free Cash & Check Card
- Free Electronic Statements
- Free Internet Banking
- No Minimum Account Balance
- Unlimited Check Writing
- Bounce Protection
- Overdraft Protection (subject to approved application)
- Free 24-Hour Bankline
- Imaged Checks
BANKWEST Power Checking is a unique, no minimum-balance, free checking account that rewards customers with 3.04% APY* earnings and automatic refunds on ATM fees for helping the bank operate more efficiently. By using free services such as internet banking, electronic statements and debit cards, customers save BANKWEST money, thus making us more efficient. That’s how BANKWEST can reward customers with this exceptional rate!
To receive the high interest and the ATM fee refunds, Power Checking account holders must meet the power rate requirements each qualification cycle:
Power Rate Requirements† Per Qualification Cycle:
- Access Internet Banking
- Set Up One Electronic Direct Deposit or One ACH Automatic Debit
- Receive Electronic Statement (valid email address required)
- Make 10 Point Of Sale Debit Card Transactions
If the requirements are not met during the qualification cycle, customers will still enjoy a free checking account with free internet banking and free online bill pay, but will not receive the bonus rate of interest or ATM refunds for that qualification period. However, customers will still earn not less than 0.50% APY on the balances in the account and customers can always qualify during the next statement cycle! (ATM transactions are free at BANKWEST ATMs; but $1.50 at other ATMs. Additional fees may also apply at other non-BANKWEST owned ATMs.)
There is a $100 minimum balance to open but no minimum to maintain and absolutely no service charge for the Power Checking account. Power Checking accounts are for personal checking customers.
Stop by any one of our three locations and open a BANKWEST Power Checking account today and begin saving!
If you have additional questions, please call us at 763-477-5231.
*3.04% Annual Percentage Yield (APY) paid on balances less than $25,000, and .50% APY paid on balances $25,000 and above each qualification cycle the minimum requirements are met. If requirements per qualification cycle are not satisfied, the account then functions as a free checking account earning not less than 0.10% APY; however, it will not receive ATM fee refunds for that time period. Interest rate and APY subject to change without notification. No minimum balance required; however, a minimum of $100 is required to open the account. Available as a personal account only; limited to one account per customer 18 years of age or older; account subject to credit approval. No monthly service charge. Fees could reduce earnings.
**ATM fee refunds up to $5 per item with a maximum of $30 per qualification cycle if requirements are met.
†Requirements must be met each qualification cycle.
Qualification cycle means a period starting one day prior to the beginning of the current statement period through one day prior to the close of current statement period.
|
