Super Reward Checking Requirements
Earning Dividends
These are the requirements to receive 1.26% Annual Percentage Yield (APY) on balances up to $25,000, 0.08% APY on balances beyond the first $25,000, and ATM rebates.
- Make purchases of $400 or more using a Provident debit and/or credit card
- Complete one direct deposit or ACH transfer (automatic debit or credit)
- Receive online e-Documents
If the 3 requirements are not met in their entirety, the APY will be 0% and no ATM rebates will be issued for that month. Dividends are forfeited if the account is closed prior to scheduled dividend payment date.
Qualifying Purchases
All qualifying purchases and transactions referred to as "per month" or "monthly" only count towards the requirement of the month in which they POST, which will be on a business day (Monday – Friday) and may take one or more business days from the purchase/transaction date. Automatic or electronic payments using your checking account and routing number are not considered purchases. By providing your payee with your debit or credit card number, your posted automatic payments will be counted as eligible purchases. Some bill payments will meet the monthly requirement for an ACH debit or credit transaction. Debit card cash-back amounts and cash advances on credit cards do not count towards qualifications. Only one Visa credit card can have its purchases count towards your qualifications each month (whichever one that is selected on the account on the last business day of the month).
Account Opening
The minimum deposit required to open this Account is $25. No minimum balance required and no monthly fee will be assessed. To qualify, you must also be a member and age 18 or older. Effective February 1, 2013 no more than 1 (one) Super Reward Checking account can be opened per membership.