A $5 monthly reward will be paid each month if: 1) a direct deposit is made and 2) at least 12 debit card transactions are processed.
A qualifying direct deposit is a direct deposit of your salary, pension, Social Security, or other regular monthly income electronically deposited to your account by your employer or an outside agency. Transfers from one account to another, or deposits made at a banking location or ATM, do not qualify as direct deposits.
Monthly rewards will be reported as interest on IRS form 1099-INT if the rewards exceed $10 annually. Account holder is responsible for any applicable taxes.