Platinum Checking
It's the next generation of checking. Get a high interest account with ATM fee refunds.
Get a checking account that pays you back, earning up to 2.50% APY* and refunding ATM fees every month, even when you don't use a State Bank machine! It's simple to qualify for the rewards, and there are no monthly fees or balance requirements—ever.
- Summary
- Earn 2.50% APY* on average collected balances up to $15,001
- Earn 0.50% APY* on amount of balance over $15,001
- Earn 0.05% APY* on entire balance when qualifications are not met
- Nationwide ATM fee refunds up to $20 per month*
- No minimum balance requirements
- No monthly service charges
- Unlimited check writing with no per check fees
- Free debit card with nationwide surcharge-free ATMs
- Free online banking and bill pay
- Free eStatements
- Free telephone banking
- FDIC insured up to $250,000
- $100 deposit to open
Get more out of your rewards with automatic transfers to help you save and a second great rate of interest by opening a free Platinum Savings account.
Easy Qualifications
Getting the Platinum rewards couldn't be easier. Just do these simple everyday banking activities each qualification cycle, that are designed to make managing your money easier:
- Have at least 12 debit card transactions post and clear (ATM transactions not included)
- Have 1 direct deposit or ACH auto debit post and clear
- Receive and review your eStatement
- Access online banking once
If you're not already doing these things, you'll be glad you started! And if you miss the qualifications in one cycle, don't worry about it! You still earn our base rate of interest and you can try and meet the qualification at the very next cycle.
*Annual Percentage Yield (APY) accurate as of 12/28/11. Minimum to open account is $100. Rate tiers are as follows: 2.50% APY applies to $0.01 - $15,001 and 0.50% APY for balances over $15,001 as long as qualifications are met each qualification cycle. 0.05% APY applies to all balances if qualifications are not met. All balances will earn 2.50 – 0.76% APY as long as qualifications are met. Rates may change after the account is opened. Fees may reduce earnings. Debit card transactions must be point of sale transactions. ATM withdrawals do not count towards qualifying debit card transactions. All qualification transactions must be posted to the account during the qualification cycle. Transactions could take anywhere from, but not limited to, 1-5 business days to post to an account from the date the transaction is made. An ACH transaction could either be a deposit or a withdrawal. ATM fee refunds up to $20 are provided only if qualifications are met within qualification cycle. Intra-bank transfers do not count as qualifying direct deposits or auto debits.
If you choose to open a Platinum Savings account, the interest and rewards earned on your Platinum Checking account will be transferred/credited to your Platinum Savings account the first business day following the business day which ended the earnings period. The Annual Percentage Yield (APY) disclosed on the Platinum Checking account assumes that interest earned in Platinum Checking compounds. However, by choosing to have a Platinum Savings account linked to a Platinum checking, the interest earned in the Platinum Checking account is automatically transferred into the Platinum
Savings account at the end of the statement cycle and therefore does not remain in the Platinum Checking account and does not compound.
