*Account Requirements: Open a new Free Checking or Optimal Checking between February 2 and March 2, 2015 and meet the transaction requirements for the first 4 statement cycles.
Cash Rewards: Rewards will be credited to the account on each statement date during the first 4 statement cycles. Maximum payout will be $160 if you qualify for each monthly reward during the first 4 statement cycles.
Transaction Requirements for Cash Rewards:
Definitions and Limitations
1Transactions: All transactions except for transfers made between deposit accounts at First American Bank, ATM withdrawal transactions, and service fees charged to your account. Includes Bill Payments2 and Debit Card Transactions3.
2Bill Payments: Any online bill payment transaction.
3Debit Card Transactions: Payments and purchases made with your First American Bank MasterCard® debit card. Excludes all ATM transactions.
A month is the period starting on the day after a statement date and ending on the last bank-processing day included in your next account statement. For example, if your statement is dated on a Saturday, Sunday, or a Monday holiday on which we are closed, your statement will include transactions from the previous statement date through the immediately preceding Friday resulting in the exclusion of transactions performed on that Saturday, Sunday or Monday holiday. To count, transactions must post and appear on your account statement.
If the account is closed prior to or on the statement date, no rewards will be paid for qualified transactions for that statement period.
Cash Reward amounts will be reported to the IRS as interest paid to you on form 1099 INT.
Limited to residents of Illinois; Kenosha, Racine & Walworth counties in Wisconsin; and Lake & Porter counties in Indiana. Limited to one per household. Must be a new checking customer to First American Bank and have not had a checking account within the last 6 months. Fees may reduce earnings. Rates, terms & conditions may change at any time. See account agreement for full account details. Cash reward amounts will be reported to the IRS. Excludes First American Bank employees and members of their household.
First American Bank reserves the right to close any account.
|Reward Type||Requirement ||Cash Reward|
|Account Reward||5 Transactions1 per Statement|| $25 per Statement Cycle|
|Bill Payment Reward||4 Bill Payments2 per Statement ||$7.50 per Statement Cycle|
|Debit Card Reward||6 Debit Card Transactions3 per Statement ||$7.50 per Statement Cycle |