1Must be a TruWest member with a minimum $5 membership deposit and continuing balance. New checking accounts subject to approval. All Checking Rewards requirements must be met monthly (calendar month) to receive program rewards. Program, rates, rewards, terms and conditions subject to change without notice. Only one rewards checking account per primary member and only one rewards type (High Yield or Cash Back) available on an account at one time.
2Program Rewards. APY=Annual Percentage Yield. If requirements are met each monthly requirement cycle (calendar month): (a) balances up to and including $10,000 receive an APY of 3.00%; and balances over $10,000 earn 0.05% dividend rate on the portion of the balance over $10,000, resulting in a tiered range from 3.00% to 0.05% APY. If requirements are not met, all balances earn 0.05% APY. Accounts are variable rate accounts and rates are subject to change at any time without notice. Fees could reduce earnings. APY is effective as of 10/01/2019. Speak to a Credit Union representative for complete details. Any taxes are the responsibility of the recipient and are reported on a 1099-INT.
3ATM – automated teller machine. Number of ATMs subject to change. Surcharge free ATMs limited to TruWest Credit Union ATMs and designated CO-OP Financial Services’™ Network ATMs. ATM must be in CO-OP network at the time of transaction. Visit co-opfs.org/Shared-Branches-ATMs for further details and locations.
4Monthly requirement cycle is based upon the calendar month (“Cycle Month”). To earn rewards all requirements must be met during the Cycle Month. Members may change their rewards election at any time by contacting TruWest Credit Union. Earned reward will be determined by designated account type as of the last business day of the Cycle Month. Qualifying direct deposit is an electronic deposit of at least $500 aggregate per month in payroll, pension or government benefits (such as Social Security) funds from a member’s employer or the government. At least one qualifying direct deposit must post and settle to your account per Cycle Month. At least 15 qualifying debit card or credit card purchase transactions (or a combination) must post and settle to your account during the Cycle Month. Automated teller machine (“ATM”) transactions do not qualify as a debit/credit purchase transactions; do not count toward Cycle Month requirements; or earn cash back rewards. Cash back reward only awarded on qualifying debit purchase transactions. Qualifying transactions must post and settle to your account during the Cycle Month. They will not qualify if in a pending state. Transactions may take one or more business days from the date the transaction was made to post and settle to an account. Enrollment in electronic statements (“eStatements”) is required. You must be continuously enrolled and receive your monthly account statement electronically. Surcharge free ATMs limited to TruWest Credit Union ATMs and designated CO-OP Financial Services’™ Network ATMs. ATM must be in CO-OP network at the time of transaction. Please contact TruWest for further information. If requirements are met, Dividends or earned cash back will be credited to your rewards account after the close of the Cycle Month. Speak to a credit union representative for complete details. Any taxes are the responsibility of the recipient and are reported on a 1099-INT.
