Make shopping a lot more fun and rewarding with this free account.
- Cash Back on Debit Card Purchases
- No Monthly Maintenance Fee
- Digital Banking
- Free checking that pays you back
- 1.00% cash back on debit card purchases*
- Cash back earned on up to $1,000 in purchases monthly
- Earn up to $120 cash back per year, $10 per month
- No monthly maintenance fee
- No minimum balance to earn rewards
- Free digital banking services
- Free debit card
- Free telephone banking
- Surcharge-free ATMs available
- 0.25% discount on consumer loans**
- $350 discount on mortgage closing costs***
- No minimum deposit to open
Qualifications to Earn Rewards
Enrollments must be in place and all of the following transactions and activities must post and settle to your Cashback Checking account during each Monthly Qualification Cycle:
- At least 1 direct deposit, ACH credit or ACH payment transaction
- At least 30 debit card purchases*
- Be enrolled in and agree to receive E-statements
That's it. Even if you don't meet your qualifications during the cycle, your Cashback Checking account is still free. And you can get right back to earning your cash rewards the very next month!
See this guide on managing your checking account (PDF).
See this short article on managing your spending to achieve your financial goals — then download and fill out the worksheet.
You are responsible for assuring your available balance of funds meets all your payment and withdrawal needs. Check your account balances periodically by calling us, visiting an ATM, sign up for text alerts, view your accounts online or with mobile banking.
We have standard overdraft practices called Overdraft Privilege* that you may elect to add to your checking account. First Community's Overdraft Privilege service adds a measure of protection to your checking account, so you may avoid the hassle and expense of a returned non-sufficient funds item or a declined transaction due to insufficient funds. The service may pay checks and other transactions made using your checking account number, including ACH items that would not have cleared otherwise due to insufficient funds, up to an approved amount. Additionally, you may elect to extend the service to your ATM and everyday debit card transactions. You will be charged a paid insufficient funds service charge for accessing Overdraft Privilege. If your account(s) are in good standing, you may become eligible for this service after your checking account has been open for at least 60 days.
We have an overdraft protection service that draws funds from a share/savings account and we also offer an overdraft protection line of credit,** which may be less expensive than our standard overdraft practices that you may choose.
*Overdraft Privilege (ODP) service charge is $27.50 per item paid. This is the same service charge as our insufficient funds fee. If three items are presented for payment in amounts of: $40.00, $150.00, and $150.00 and your account has available funds in an overdraft protection line-of-credit loan, you would pay $3.74 in interest if paid off in thirty days. In comparison, if you opt-in to ODP and ODP is used to pay the same three items, the account would be assessed a service charge of $27.50 per item for a total cost to you of $82.50 in service charges. The full amount of the overdraft balance plus related service charges will be due immediately but in no event later than 30 days from the date of occurrence. We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. We generally will not pay an overdraft because you have exceeded the overdraft limit or have an outstanding balance that has not been repaid. Please refer to your account disclosure for information on this discretionary overdraft service.
**Overdraft protection line-of-credit loan is 12.95% APR as of 2/15/2018.
*If qualifications are met each calendar month, you may earn up to 1% cash back on your debit card purchases each month (up to a maximum reward of $10 per month, $120 per year). Please note that the purchases MUST actually post to the account during the monthly qualification cycle. We post purchases to the account when we receive them from the merchant and that may occur one or more days after the purchase date. Purchases that have been initiated but not posted as of the end of the cycle will not count as a qualifying transaction for that cycle (but will count in the following cycle when they post). The first qualification cycle will begin on the date you open or convert to a Cashback Checking account and end on the last day of the calendar month. The qualification cycle will be each calendar month thereafter.
**Offer valid for checking account holders with direct deposit only. Rates, terms and conditions subject to change. Loan subject to credit approval. Not valid with any other offer. Offer does not include refinances on First Community loans or first mortgage loans. Offer of .25% APR discount valid on one consumer loan per calendar year.
***Mortgages available to Missouri & Illinois residents only. Offer valid for checking account holders with direct deposit only. Rates, terms and conditions subject to change. Loan subject to credit approval. Not valid with any other offer. Offer does not include refinances on First Community loans. One $350.00 discount per mortgage loan per calendar year.