Premier Community Giving Checking
Give back with your banking account. Open a Premier Community Giving checking account to support your favorite cause and earn ATM fee refunds nationwide with this free checking account. It's easy to qualify!
Questions?
- Details
- Earn 0.61% APY* on balances up to $49,999.99 for a designated charity
- Earn 0.41% APY* on balances over $50,000.00 for a designated charity
- Earn $.10 for every point of sale (POS) purchase made above $15.00.*
- Fees refunded on ATMs anywhere in the nation*
- No monthly maintenance fee
- No minimum balance
- Free Visa debit card
- Free Online Banking
- Free Bill Pay
- First order of checks free
- 3 simple qualifications to receive preferred rate*
- Free ATM withdrawals at Premier Bank & Publix ATMs
- No 2:00 pm cut off time. Deposits are accepted through the close of the business day. Click here for branch hours.
- FDIC insured
* APY = Annual Percentage Yield. See "Disclosure" tab above for more details.
- Qualifications & Cycle Dates
In order to qualify for the monthly benefits, just meet these simple criteria each cycle:
1. Make 10 point-of-sale transactions using your Visa debit card, per qualification cycle.
2. Have a valid e-mail address on file and receive your monthly statement electronically.
3. Initiate one direct deposit or pre-authorized electronic payment. Bill Pay payments and debit card transactions do not count toward this qualification.
2010 STATEMENT DROP CYCLES
Your Premier Community Giving checking statement cycle will run from the 23rd of the month through the 22nd of the following month. If the 22nd falls on a weekend or holiday, your statement will drop on the previous business day. All Premier Community Giving Checking qualifying requirements must be fulfilled one business day before the statement drop date.
- Disclosure
*Annual Percentage Yield (APY). Rate tiers are as follows: 0.61% APY applies to balances of $.01 - $49,999.99 and .41% APY applies to balances over $50,000.00 as long as qualifications are met each statement cycle. 0.11% APY applies to all balances if qualifications are not met. Designated charity will be awarded $.10 for every point of sale (POS) purchase made above $15.00. Rates and APY may change after the account is opened. Fees may reduce earnings. No minimum balance required. No monthly service charge. Available to personal accounts only. If you do not meet the requirements per cycle, the base interest earned on the account will still be donated to the designated charity, your account will still function as a free checking account, however, your account will not receive ATM refunds for that time period and your charity will not be awarded the interchange revenue. Account may be subject to 1099-MISC or 1099-INT IRS reporting. ATM refunds are conditional to requirements being met.
To receive the high interest for Premier Community Giving checking and nationwide ATM fee refunds you must perform the following qualifications each statement cycle:
1. Make 10 point of sale transactions using your Visa debit card, per qualification cycle.
2. Have a valid e-mail address on file and receive your monthly statement electronically.
3. Initiate one direct deposit or pre-authorized electronic payment. Bill Pay payments and debit card transactions do not count toward this qualification.
- Charities
- FAQ
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What is Premier Community Giving checking account?
Premier Community Giving works like a regular checking account, but it earns a preferred rate of interest and "per-swipe donations" for a designated charity. In addition, we will refund nationwide ATM fees when all qualifiers are met. This account also includes free Online Banking with Bill Pay, e-statements, Debit cards and first check order-all for free.
What are the 3 qualifiers that must be met to qualify*?
1. Make 10 point of sale transactions using your Visa debit card, per qualification cycle.
2. Have a valid email address on file and receive your monthly statement electronically.
3. Initiate one direct deposit or pre-authorized electronic payment. Bill Pay payments and debit card transactions do not count toward this qualifier.
Please explain the qualifiers in greater detail.
• Any purchase you make at a retail location using your debit card is a point of sale transaction. Transactions may not post to your account the same day they are made or they may be posted for a partial amount until the retailer balances their transactions. Only the point of sale transactions that are fully posted to your account within your statement cycle will be included in the "10 retail point of sale transactions" qualifier.
• With this account you will not receive a paper statement. We will email a notification informing you when your statement is ready to be viewed and printed from Premier Bank's Online Banking site.
• Direct deposit is a service typically offered by employers and Social Security. This service electronically deposits your paycheck/Social Security check into your checking account. ACH debits are recurring payments automatically deducted from your checking account. These are typically monthly payments, such as your house payment or electric bill.
How often must the qualifiers be met to qualify?
The qualifiers start over each statement cycle.
What is the statement cycle for this account?
Your statement cycle will run from the 23rd of the month through the 22nd of the following month. Your qualifier cycle will run from the 22nd through the 21st. The 21st of the month is the last day to meet the qualifiers. Your new statement will be available on the 23rd of the month. If the 21st falls on a weekend or holiday, you must complete your qualifiers by the preceding business day.
What happens if I fail to meet the qualifiers during a statement cycle?
The base interest earned on the account will still be donated to the designated charity; however the ATM fees will not be refunded and the per-swipe bonus will not be rewarded. The qualifiers start over at the beginning of each statement cycle, so you have the opportunity to qualify next month.
How does the tiered interest rate work?
If all qualifiers are met during the statement cycle, your charity will earn the preferred rate of 0.61% APY* (Annual Percentage Yield) on deposits up to $49,999.99. Any deposit amount $50,000.00 or over will earn .41% APY. If you do not meet all three qualifiers during the statement cycle, all deposits will earn 0.11%.
Can the interest change on my account?
Rates may change at the discretion of Premier Bank, but we are committed to you and will maintain a premium rate of interest on this account.
How is the interest calculated?
Interest on collected balances accrues daily and is awarded to the designated charity monthly.
How do ATM refunds work?
There is no charge for using Premier Bank ATMs or Publix Presto machines. All other domestic ATM fees collected throughout the statement cycle, including Premier Bank ATM fees, will be automatically refunded if you meet the qualifiers.
How will I know if I met all of the qualifiers?
You will receive a monthly email outlining the qualifiers that you met/did not meet.
If my account balance goes negative, will I still be able to qualify for my rewards during that statement cycle?
Yes.
What if my debit card does not arrive until late in the statement cycle and I don't have time to qualify, will I still get the rewards?
Yes, you will automatically receive the rewards for the first statement cycle that you have the account.
If I use my Debit card at an ATM, will that transaction count towards my qualifiers?
No. Only point of sale transactions will count.
Does a debit card reversal count against/towards my qualifiers?
Yes. You need a net of 10 point of sale transactions, so a return counts against your qualifiers.
What is debit card interchange revenue (known to the account holder as a "per-swipe bonus")?
Premier Bank will award the designated charity $.10 for every point of sale purchase made above $15.00. After the end-of-cycle process, the per-swipe bonus for qualified accounts is then combined with the monthly interest earned on the account and donated to the account holder's designated charity.
Why is the per-swipe bonus rewarded one day then deducted the next business day?
In order for account holder to be recognized as the donor and receive the tax benefit, the per-swipe bonus earned for all qualifying point of sale purchases will be deposited to the Premier Community Giving account in one lump sum during the end-of-cycle process and then debited the next business day for further credit to the designated charity.
Can the donation that includes the interest paid and per-swipe bonus overdraw my Premier Community Giving account?
Yes, it is possible for the total contribution debit to overdraw the account. Premier Bank works off previous day's balances therefore is unable to verify sufficient funds prior to processing the debit transaction(s) to make the donation.
Is there a limit to the amount of ATM refunds that I can receive during a statement cycle?
No. Premier Bank will refund all ATM fees for the statement cycle as long as you meet the qualifiers.
Can the ATM fee refunds be donated to the designated charity?
No, currently, the Premier Community Giving account only donates the interest earned and the applicable per-swipe bonus to the charity. The ATM fee refunds are retained by the account holder as an additional service to make this account attractive to all.
Must I enroll in e-statements in order to qualify for the rewards?
Yes, you must accept our email notice and maintain a valid email address on file. You are responsible for contacting Premier Bank if your email address changes.
Can I access images or checks with my e-statement?
Yes, your statement and check images are available online at www.premier-bank.com. Your electronic statement will be available online for 6 months and check images will be available online for 90 days.
Will I be able to use my existing debit card, checks and account number with my Premier Community Giving account?
Yes.
Can I open multiple Premier Community Giving accounts for the same address?
Yes, however you must still meet the qualifiers for each individual account.
Can a business, Non-Profit or DBA/Sole Proprietorship use this account?
No, but Premier Bank offers several other options for businesses including our Free Business Checking.
What happens to my charity's interest if I decide to close my Premier Community Giving account before the end of the cycle?
Interest is automatically credited at the end of the statement cycle, so if you decide to close your account before the end of the cycle, your charity will not be awarded interest.
Which organizations are the "designated" charities?
At the national level, there are 2 designated charities including: Stand Up to Cancer and American Humane. At the local level we have chosen: United Way of the Big Bend, Boys and Girls Clubs of the Big Bend and various churches and religious organizations.
Which IRS statements will I receive?
If the ATM fee refunds add up to more than $600 per taxable year, it is considered as 'miscellaneous' interest for purposes of 1099-MISC reporting.
Account holders earning interest which will be reported as such on a 1099-INT should the interest exceed $10 per taxable year. The Premier Community Giving account also provides the account holder with a per debit card swipe bonus. This per swipe bonus will be reportable as miscellaneous income on a 1099-MISC if the amount is in excess of $600 per taxable year.
Will the Premier Community Giving account holder receive a receipt for their contributions?
Yes, the charity is responsible for issuing donation receipts for tax purposes. Depending on the charity and their practices, the receipts may be provided upon receipt of the donation or on an annual basis.
Is the account holder aware of the amount of money donated to the charity on their behalf?
Yes, the account holder will receive an end of cycle email notification after the money has been debited and transferred that details the amount they contributed for that cycle as well as what they have contributed to date.
*Annual Percentage Yield (APY). Rate tiers are as follows: 0.61% APY applies to balances of $.01 - $49,999.99 and 0.41% APY applies to balances over $49,999.99 as long as qualifications are met each statement cycle. 0.11% APY applies to all balances if qualifications are not met. Designated charity will be awarded $.10 for every point of sale (POS) purchase made above $15.00. Rates and APY may change after the account is opened. Fees may reduce earnings. No minimum balance required. No monthly service charge. Available to personal accounts only. If you do not meet the requirements per cycle, the base interest earned on the account will still be donated to the designated charity, your account will still function as a free checking account, however, your account will not receive ATM refunds for that time period and your charity will not be awarded the interchange revenue. Account may be subject to 1099-MISC or 1099-INT IRS reporting. ATM refunds are conditional to requirements being met.
To receive the high interest for Premier Community Giving checking and nationwide ATM fee refunds you must perform the following qualifications each statement cycle:
1. Make 10 point of sale transactions using your Visa debit card, per qualification cycle.
2. Have a valid e-mail address on file and receive your monthly statement electronically.
3. Initiate one direct deposit or pre-authorized electronic payment. Bill Pay payments and debit card transactions do not count toward this qualification.
Annual Percentage Yield (APY) accurate as of July 31, 2010
