While many banks have found their name tied to negative press and customer dissatisfaction Bank of Internet USA, America’s oldest and most trusted Internet bank, continues to lead the charge in providing their account holders with the most beneficial services and products in the industry.
Bank of Internet USA takes special care in designing their offerings and their rewards checking program is one such example. The rewards checking program from BofI provides account holder with benefits that include unlimited ATM reimbursements, free Bill Pay, free cash-back Purchase Rewards, no monthly maintenance fees and no monthly balance requirements, free online banking, free initial checks when ordered at account opening, and many other advantages.
Among these other advantages is the opportunity for account holders to earn up to 1.25% APY on all balances and making this all the more attractive, it only takes $100 to open an account. BofI also makes it easy for account holders to link their online checking account to an online savings or money market account, enabling them to use the balance in the linked account to cover the shortfall in their online checking account up to the balance of the linked account.
In addition to these benefits Bank of Internet USA also makes available to each rewards checking account holder overdraft protection, advancing funds to your online checking account to cover an overdrawn check, up to the limit of your line of credit. As an added bonus, Bank of Internet USA doesn’t charge an advance fee for this service.