By: Carol Beck-Round | Category: Financial Services | Issue: November 2011
Savannah Haddock, marketing associate of RCB Bank, with the poster for their new “my CashBack” program.
Even as free checking, free debit cards and debit card rewards programs are disappearing from many large banks across the United States, RCB Bank is launching a new checking account aimed at rewarding customers for using debit cards.
The account, called my CashBack checking, gives customers cash back for using a debit card. Customers can receive ten cents for each transaction over $10 and five cents for each transaction under $10 as long as qualifications are met. The checking account has no monthly fees. Additionally, there are no usage fees for RCB Bank debit cards. Qualifications include using your debit card for purchases at least 10 times each month and receiving e-statements instead of paper statements.
“A lot of banks are taking away services and rewards from their customers,” said Roger Mosier, RCB Bank President and CEO. “Instead of taking away, we’re giving back to benefit our customers.”
Beginning November 1, RCB Bank began offering a rewards account called my Interest checking that offers a high interest rate. Customers who meet the qualifications will earn up to 3.01 percent APY* on balances less than $15,000 and 0.10 percent on balances over $15,000 or on the entire balance if qualifications are not met.
RCB Bank\'s new my CashBack checking program gives customers cash back for using a debit card.
Requirements for the account include using your debit card for purchases at least 10 times each month, having at least one ACH credit or debit tied to the account, and receiving e-statements.
“Our customers can bank anywhere,” said Mosier, “but the truth is that they choose to bank with us – their local, hometown community bank. We appreciate that choice and so we offer banking services that benefit them, like cash back, high yield interest checking and smartphone apps.”
RCB Bank is an Oklahoma-owned and operated community bank with assets totaling more than $1.9 billion, over 500 employees and 30 locations across Oklahoma and Kansas. Founded in 1936, RCB is committed to serving its communities with conservative banking practices and progressive banking products. For additional information, visit www.RCBBank.com.
After 30 years in public school education, Carol Round retired and moved from Grand Lake to Claremore, Oklahoma in 2005, where she writes a weekly faith-based column which runs in 14 Oklahoma newspapers as well as several national and international publications. Three volumes of her columns have been compiled into collections: A Matter of Faith, Faith Matters and by FAITH alone. She has also written Journaling with Jesus: How to Draw Closer to God and a companion workbook, The 40-Day Challenge. This past year she has written three children’s books, a series called Nana’s 3 Jars, to teach children about the value of giving, saving and spending money. All of Carol’s books are available through Amazon. In addition to writing her weekly column, authoring books and speaking to women’s groups, she writes for Value News. She also blogs regularly at www.carolaround.com. When she is not writing or speaking, she loves spending time with her three grandchildren, working in her flowerbeds, shooting photos, volunteering at her church or going on mission trips overseas, and hiking. She is also an avid reader and loves working crosswords and trying to solve Sudoku puzzles.