[1] $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.
[2] 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.
[3] Overdraft services are not offered on our Forward Checking account. We may return or reject items when there are insufficient funds in your account or when there is not a sufficient balance due to a pending item or hold. In the event an item puts your account in an overdrawn status, you will not be assessed a fee by Columbia Bank, but will be asked to bring your account balance positive. You may be subject to a returned item charge by the merchant.
[4] The Forward Checking Account must be registered for Online Banking and be enrolled in electronic delivery of statements (eStatements). Online statements for the Columbia Bank Forward Checking Account are free. Paper statements are available for a charge of $2 (Statement Print Service Charge) which will be automatically deducted from your Columbia Bank Forward Checking Account per month.
[5] Anyone 18 years and older may open this account. However, persons between the ages of 13 and 17 may open this account as a joint account with a parent or legal guardian as the secondary owner.
