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  • Free checking that pays you 3.00% cash back on debit card purchases*
  • FREE – Ready to use Debit Card, issued at the time of account opening
  • No category restrictions on purchases
  • Earn up to $9 cash back per month
  • ATM fee refunds nationwide (up to $25 monthly)*
  • No Minimum Balance
  • $100 minimum deposit to required to open the account

*See Account Summary and Additional Information tab for details.

Welcome to free checking that pays you for a change. PayU Cashback pays 3% cash back on qualifying debit card purchases (up to $9 per month!). Which means you’ll have a little left over to spend, save, or squander.  To sweeten the deal, we’ll also refund your ATM fees nationwide — so you don’t pay to access your own money. And it’s easy to earn your rewards. Simply do a few things that make account management much easier. Does your bank PayU? 

 Account Features:

  • Free checking that pays you 3% cash back
  • No category restrictions on purchases
  • Earn up to $9 cash back per month
  • ATM fee refunds nationwide (up to $25 monthly)
  • May be linked to a free PayU Savings account
  • Transfer PayU Cashback rewards for automatic savings
  • No minimum balance required to earn rewards
  • No monthly service charge
  • Free Internet Banking with Bill Pay
  • Free eStatements

Qualifications: Each time you qualify, you earn cash back and nationwide ATM refunds. To earn these rewards, simply do the following activities and transactions in your PayU Cashback account each monthly qualification cycle:

  • Receive either online statements or email statements
  • Have at least 12 debit card purchases during statement cycle
  • Access online or mobile banking at least 1 time per month

If you don’t qualify for the rewards in a given cycle, don’t worry, your account is still free. You can get back to earning your full rewards the very next qualification cycle. 

Qualification Information: The following qualifications, which are subject to change, within the Monthly Qualification Cycle are: 1) receipt of online or email statements, 2) monthly log-ons to online or mobile banking, 3) twelve (12) posted and settled applicable transactions within the monthly cycle. Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle. 

Non-Qualification Information: The following activities do not count toward earning account rewards: 1) ATM-processed transactions, 2) transfers between accounts, 3) debit and credit card purchases processed by merchants and received by Bank of St. Elizabeth as ATM transactions, 4) PIN-based, signature based transactions, non-retail payment transactions and purchases made with debit or credit cards not issued by Bank of St. Elizabeth. 

Reward Information: Rewards vary by account. Depending on which PayU account you open, you will receive the following rewards when you meet your account’s qualifications during a Monthly Qualification Cycle:

PayU Cashback: 3.0% cash back on up to a total of $300.00 PIN-based/signature-based debit card purchases that post and settle to the account during that cycle period. A maximum of $9.00 cash back may be earned per Monthly Qualification Cycle. 

PayU Savings: (must be linked to a PayU Interest or PayU Cashback account): Balances up to $25,000 in your PayU Savings account receive an APY of 0.75% and balances over $25,000 earn 0.25% interest rate on the portion of balance over $25,000, resulting in a range from 0.25% to 2.0% APY depending on the account’s balance. 

ATM Fee Refunds: you will receive reimbursements up to $25 ($5.00 per single transaction) for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. ATM receipt must be presented within sixty (60) calendar days of transaction for reimbursements of individual ATM fees greater than $5.00. 

Additional Information: When your PayU account qualifications are not met all balances in a PayU Interest account earn 0.01% APY; all balances in a PayU Savings account earn 0.01% APY; cash back payments are not made, and ATM fees are not reimbursed. A minimum deposit of $25 is required to open an account. Limit 1 account(s) per social security number. There are no recurring monthly maintenance charges or fees to open or close this account. Rewards and ATM fee reimbursements will be credited to the appropriate PayU account on the last day of the current statement cycle. Automatic transfer from PayU Interest to PayU Savings occurs within one day and may cause an overdraft to your PayU Interest account if the account’s balance is less than the transferred amount when transfer occurs. A PayU Interest or Cashback account is required to have a PayU Savings account. A linked PayU Savings account is required for automatic savings. When linked to the PayU Savings account, the interest earned within the linked PayU Interest account does not compound since it is automatically transferred to the PayU Savings account. Due to non-compounding, the actual interest amount transferred from the PayU Interest account to the PayU Savings account may be less than the advertised PayU Interest APY, if the advertised APY is represented without a linked PayU Savings account. APY = Annual Percentage Yield. APYs accurate as of 09/25/2017. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Contact one of our bank service representatives for additional information, details, restrictions, processing limitations and enrollment instructions.

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