[1] Cash Back Checking Account is non-interest bearing. The minimum to open the account is $0.01. This account is only available to consumers (natural persons) for personal, family, or household purposes. It is not available for business purposes or to entities such as trusts, partnerships, LLCs, corporations, non- profits, etc. There is a Monthly Maintenance Service Charge of $10.00. The $10.00 Monthly Maintenance Service Charge can be avoided if there are at least ten (10) Columbia Bank Debit Card Point of Sale (POS) transactions (ATM withdrawals do not count) posted and settled to the account during the monthly statement cycle, or if the sum of posted Automated Clearing House (ACH) credits is greater than $1,000 during the monthly statement cycle. Please note that internal transfers are not considered an ACH transaction. Primary account owners 22 years of age or under are not subject to the Monthly Maintenance Service Charge. Commencing with the month the primary account owner turns 23 years of age and thereafter the Monthly Maintenance Service Charge is $10.00 unless there are at least ten (10) Columbia Bank Debit Card POS transactions (ATM withdrawals do not count) posted and settled to the account during the monthly statement cycle, or if the sum of posted Automated Clearing House (ACH) credits is greater than $1,000 during the monthly statement cycle.
[2] Cash Back Rewards: You receive 0.25% for every $1.00 spent with a minimum spend of a $2.00 per transaction spent on signature and pinned-based purchase transactions. By paying with your Columbia Bank Debit Card you can earn unlimited cash back annually on all qualifying purchases. A "qualifying purchase" is any Columbia Bank Debit Card transaction that requires either a signature or PIN at the point-of-sale. Please note that ATM withdrawals and bill payments are not considered qualifying purchases
[3] Cash Back Checking provides for a rebate of up to four (4) ATM surcharge fees or $15, whichever is less, for each statement cycle when you use your Columbia Bank Visa® Debit Card at domestic ATMs not owned or operated by us and the owners of such ATMs add a surcharge to your transaction. The rebate of such surcharge fees will appear on your statement as a “credit.” The maximum rebate per 12 month statement cycle period is $180.
[4] AP Certificate of Deposits (CDs) are only available for accountholders with an open Yield Plus and/or Cash Back Checking account. Available only in our branch locations. AP CDs are a limited-time offer and may be discontinued without prior notice.
[5] The Cash Back Checking Account is subject to a $5.00 per month Statement Print Service Charge fee if the account holder chooses to receive the monthly statement in print format rather than consenting to access it electronically. To avoid the Statement Print Service Charge, Cash Back Checking account holders must sign up for Online Banking and consent online to receive the statement in electronic format.
[6] $400 New Account Cash Bonus. In order to be eligible to obtain the cash bonuses, you must open one of these new accounts, either a Cash Back Checking Account, Forward Checking Account, Ideal Checking Account, or Senior Checking Account opened on or after February 24, 2024. You will receive a one-time new account $300 cash credit to your Checking Account after we have verified ACH credits totaling at least $1,000 posted to your Checking Account within 60 days after the date you opened the new account. Please note that internal transfers are not considered an ACH transaction. The $300 will be credited to your account within 60 days after we have determined that you satisfied this requirement. Only one new account $300 credit will be made in total for ACH credit activity to this account within the first 60 days of account opening. You will receive a one-time new account $100 cash credit to your Checking account after we have verified that 10 qualifying POS debit card transactions (not including ATM withdrawals) have been made with your Columbia Bank Debit Card and those transactions post and settle to your Checking Account within 60 days of the new account opening. The $100 credit will be credited to your account within 60 days after we have determined that you have satisfied this requirement. Only one new account $100 credit will be made in total for the qualifying Cash Back debit card activity. A “qualifying POS debit card transaction” is any Columbia Bank Debit Card transaction that requires either a signature or PIN at the point-of-sale. Please note that ATM withdrawals and online bill payments are not considered qualifying POS debit card transactions. Total $400 per person: If you have ever received a new account opening bonus of any type in connection with opening a checking or savings account, you are not eligible for either of the cash bonuses even if you open a new Checking Account. You are permitted to receive only one of each of these new account bonuses irrespective of the number or type of checking accounts you open. To receive any of the aforementioned new account bonuses, the account must still be open at the time we are ready to credit the funds. The new account cash bonuses will be reported as interest to the IRS on form 1099-INT.
[7] Checking Account Balance Build Offer. This offer is only eligible on New Cash Back Checking Accounts, New Forward Checking Accounts, New Ideal Checking Accounts, or New Senior Checking Accounts opened on or after February 24, 2024. In order to qualify for a one-time Balance Build Offer cash credit you must deposit a minimum total deposit of $5,000 of “new money” into your Checking account. (“New money” is defined as deposits not previously held by Columbia Bank.) We will allow fifteen (15) calendar days to complete the “new money” deposit funding process. After the deposit funding process period expires, the deposit(s) must be maintained in your Checking account for an additional one hundred and twenty day (120) period. This is referred to as the balance seasoning period. Once the one hundred and twenty day (120) balance seasoning period expires, Columbia Bank will verify that the qualifications of the Balance Build Offer were met and deposit the applicable cash credit into your Checking account within thirty (30) calendar days. Qualifying accounts will receive a cash credit of $200 for “new money deposits” totaling $5,000.00 and up to $14,999.99. Qualifying accounts will receive a cash credit of $300 for “new money deposits” totaling $15,000 and up to $24,999.99. Qualifying accounts will receive a cash credit of $400 for “new money deposits” totaling $25,000 and above. The Balance Build Offer is limited to one per person and one per account. The maximum Balance Build Offer cash credit is $400. You are not eligible for additional Balance Build Offers even if you open additional accounts and/or make additional “new money” deposits. This is a limited-time offer and may be discontinued at any time. To receive the aforementioned Balance Build Offer, the Checking account must still be open at the time we are ready to credit the funds. The Balance Build Offer cash credit will be reported as interest to the IRS on form 1099-INT.
