MyRewards Checking
Fill in the blank:
3% APY on the first ______ in the MyRewards Checking.
$1000.00
True or False:
There are no fees on MyMoney Market account.
True!
Name 2 types of eligible monthly deposits for the My Rewards Checking.
Direct Deposits
Cash
Checks
Member-to-Member transfer
True or False:
No minimum balance required for MyRewards accounts.
True
Where can I easily see participating in MyRewards?
Member Insights!
Choose correct option:
a. 3% cash back on interest paid toward eligible auto/RV loans
b. 1% cash back on interest paid toward eligible auto/RV loans
b. 1% cash back on interest paid toward eligible auto/RV loans
True or False:
Requirement: Must be TRO of an open MyRewards Checking account to open MyMoney Market.
True
Name 2 types of eligible monthly transactions for the My Rewards Checking.
Debit card purchases
Credit Card purchases
ACH to/from Rogue accounts
Check transactions on any account owned by same TRO.
True or False:
This product is not available for specialty, youth, or business account.
True. This product is not available for specialty, youth, or business accounts.
Where can members see progress towards meeting the qualifying criteria?
Online and Mobile Banking.
True or False:
MyRewards Checking is eligible for Double Save the Change.
TRUE!
Fill in the blank:
Members who participated in MyRewards Checking in the previous month will earn:
$250k
$250k
Are payments on Rogue loans from non-Rogue accounts eligible as an eligible ACH transaction?
No, payments on Rogue loans from non-Rogue accounts eligible as an eligible ACH transaction
True or False:
The first month is NOT free.
FALSE! The first month is free, even if they don’t meet the criteria!
True or False:
You can have more than one MyMoney Market account.
False
Fill in the blank:
To qualify, individuals must be at least __ years old.
18
Are rates variable?
Yes
Do transfers between accounts under the same TRO qualify as an eligible deposit?
No, transfers between accounts under the same TRO qualify as an eligible deposit.
True or False:
Members can self-serve by enrolling in MyRewards Checking through the online or mobile app. This provides a convenient and efficient way to get started.
True!
What triggers the 1% cash back?
Interest paid on eligible loans
Fill in the Blank:
Members may be charged a $___ monthly fee for MyRewards Checking unless they meet ALL of the participation requirements.
$10
Members will earn at a standard rate for any balance when they have not been participating in ________________ in the previous month.
MyRewards Checking
Name the 3 requirements a member must meet in order to avoid a $10 monthly fee.
1. $1000 or more in monthly deposits
2. 10+ monthly eligible transactions
3. paperless statements
True or False:
Members don't have to be provided disclosures if converting existing regular checking to MyRewards Checking.
FALSE! Members MUST be provided disclosures if converting existing regular checking to MyRewards Checking.
What does a yellow status icon indicate in MyRewards activity tracking?
The member has PARTIALLY met the criteria to avoid the fee.