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WHY A U-REWARDS CASH BACK CHECKING ACCOUNT?
U-Rewards Cash Back is a free checking account that pays you 3.00% Cash Back on everyday debit card purchases, up to $12.00 cash back/per month on up to $400.00 spent. Also receive up to $20.00/per month back on ATM fees.
In order to qualify for the account rewards, simply do these three things:
- Have at least 1 Direct Deposit or ACH settle to your account each month
- Complete at least 10 signature-based debit card purchases of $5.00 or more each monthly cycle
- Be enrolled in and receive e-statements
If qualifications are not met during the monthly qualification cycle, then you won't receive the rewards for the month. Otherwise, it acts as a FREE checking account.
SERVICES
We offer Visa Debit Cards, Card-Nav Debit Card Controls, Online Banking, Remote Deposit Capture, Mobile Wallet, Nationwide ATMs, E-Statements, as well as personal, friendly service.
HOW TO OPEN
Be a member! Membership is open to anyone who lives, works, worships, or attends school in Ulster County, New York. Once you are a member, you are always a member.
If you are an existing member, a U-Rewards Checking Account can be added to your current account at any of our branch locations, or online.
If you are a non-member, and wish to open a U-Rewards Cash Back Checking Account, you must become a member by opening a Member Savings Account of at least $1.00. This can be done at any branch, or online.
REQUIRED ITEMS
- An unexpired government issued photo ID
- Another form of ID [Debit/Credit Card, Utility Bill, etc.]
- Social Security Number or Individual Taxpayer Identification Number
- Proof of physical address [if the address on your ID is not current]
- $1.00 for a member savings account deposit
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Summary
*See below for Account Disclosures.
* The U-Rewards Checking Account Program offers two account options:
U-Rewards Cash Back Checking Account: Earn 3.00% Cash Back on qualifying debit card purchases. Receive up to $20.00 per Monthly Qualification Cycle in refunded ATM fees.
U-Rewards High Interest Checking Account: Earn 3.00% Annual Percentage Yield (APY) on balances up to $5,000. Receive up to $20.00 per Monthly Qualification Cycle in refunded ATM fees.
U-Rewards Qualifying Requirements (applies to both accounts): to earn rewards each Monthly Qualification Cycle, the following must be met: Have at least one (1) Direct Deposit or ACH transaction post and settle (see posting & transaction information), complete at least ten (10) signature-based debit card purchases of $5.00 or more (must post and settle to your account), and must be enrolled in and receive e-Statements.
Additional Details: No minimum balance required. If qualifiers are not met during the Monthly Qualification Cycle, no rewards are earned; and, no penalties apply. Limited to one (1) reward account per Social Security Number. No fees to open or close the account. Other account fees may apply. (See fee schedule for details.) The credit union reserves the right to close the account at any time, without prior notice. Closure of the account may result in forfeiture of rewards for that Monthly Qualification Cycle.
Posting & Transaction Information: Account transactions and activity may take one or more business days to post and settle to the account, and all must do so during the Monthly Qualification Cycle in order to qualify for rewards. The following activity does not count toward earning account rewards: ATM-processed transactions, Transfers between accounts, Debit card purchases processed by merchants and received by our credit union as ATM transactions (pin purchases), Non-retail payment transactions, Purchases made with debit cards not issued by our credit union, Monthly Qualification Cycle means calendar month.
Important Information: APY (Annual Percentage Yield) reflects the total amount of dividends/interest earned on an account based on the dividend rate and the frequency of compounding over a 365-day period. Rates, rewards, and terms are accurate as of the effective date of this disclosure and may change at any time without notice. Fees may reduce earnings on the account. If you believe you have not been reimbursed the correct amount for ATM fees, you must contact us within (30) thirty calendar days after the Monthly Qualification Cycle where the reimbursement was applicable, in order to receive a refund. We may require ATM receipts be present for reimbursement.
Ulster Federal Credit Union should be contacted for additional information, details, and instructions.
