Diamond Rewards Cashback

*Information is accurate as of April 1, 2025. All accounts subject to approval. Restrictions and limitations may apply. Our personal checking accounts are general purpose consumer accounts. Such accounts are not to be used for commercial purposes. There are no fees to open or close this account. At any time and at the discretion of BAC Community Bank (BAC) standard features and account requirements may change after an account is opened. A customer may need to initiate the use of some services by enrolling in or requesting the service.

Other terms and conditions may apply. Refer to the specific account’s Truth In Savings Disclosure, our Personal Deposit Accounts Fee Schedule and our Deposit Account Agreement & Disclosure for additional information.

Minimum deposit to open Diamond Rewards checking is $100. Rewards are variable. At any time and at the discretion of BAC qualifications and rewards may change after account is opened.

Qualifications Information: Account transactions and activities may take one or more Business 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. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by BAC as ATM transactions and purchases made with any debit card issued by someone other than BAC.

Business Day means any day Monday through Friday, provided that the weekday is not on a federal holiday. When a federal holiday falls on a Sunday, the next Monday is not a Business Day.

Calendar Day means any day on a calendar including weekdays, weekends, and holidays. There are no exclusions.

Statement Cycle means the period of time for which BAC provides a summary of the financial activities and transactions that post and settle to the accountholder’s account. The Statement Cycle ends on the last Business Day of the month. The Statement Cycle begins on the first Calendar Day following the last business day of the month.

Monthly Qualification Cycle is a period of time used for determining rewards eligibility and the account's monthly service charge. This period ends one Business Day prior to the close of the current Statement Cycle with a new Monthly Qualification Cycle beginning the next Calendar Day. Please refer to our current Diamond Rewards Monthly Qualification Calendar available through any branch or our web site at www.bankbac.com/DiamondRewardsCalendar. 

Automatic Qualifications and Bonuses: A new customer who opens a consumer deposit rewards checking account for the first time may receive the standard rewards (Diamond Rewards or Diamond Rewards Cashback) once without meeting any of the requirements during the initial Monthly Qualification Cycle. This feature is only available to new consumer deposit rewards checking accountholders one time, one pay out, and will not be honored for accounts that convert between deposit products. The automatic qualifications and/or bonuses feature may be discontinued by BAC at any time.

Reward Information: When your Diamond Rewards Cashback qualifications are met during a Monthly Qualification Cycle, you will receive

• 3.00% cash back on up to a total of $250.00 in debit card purchases that post and settle to the account during that Monthly Qualification Cycle up to a maximum cash back earned of $7.50, and
• You will receive reimbursements up to $20 ($4.99 per single transaction) for nationwide ATM fees incurred when accessing your Diamond Rewards Cashback account funds during the Monthly Qualification Cycle in which you qualified. If you believe you have not been reimbursed the correct amount of ATM fees, you must contact us within 30 Calendar Days after the Statement Cycle where the reimbursement was applicable in order to receive a refund.

Rewards and ATM fee reimbursements will be credited to the appropriate consumer deposit rewards account on the last day of the current Statement Cycle.

When Diamond Rewards Cashback qualifications are not met, no cash back payments are earned and ATM fees are not refunded. Cash back payments and ATM fee reimbursements will be credited to your Diamond Rewards Cashback account on the last day of Statement Cycle.

When Diamond Rewards Cashback is linked to a Diamond Rewards Saver account: When linked to a Diamond Rewards Saver account, cash back rewards and ATM fee reimbursements will be automatically credited to the Diamond Rewards Saver account on the last day of the current Statement Cycle.

Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. Enrollment in electronic services (e.g. online banking, mobile banking, paperless statements) and log-ons are required to meet some of the account’s qualifications. Limit one consumer deposit rewards checking account per taxpayer identification number. A Diamond Rewards checking or Diamond Rewards Cashback account is required to have a Diamond Rewards Saver account. A linked Diamond Rewards Saver account is required for automatic savings. There are no fees to open or close a consumer deposit rewards account. See this account's Truth In Savings Disclosure and our Personal Deposit Accounts Fee Schedule for fees that may apply to this account. Contact a BAC service representative for additional information, details, restrictions, processing limitations and enrollment instructions.