SOURCE: Bank of Internet

Bank of Internet

August 09, 2011 12:39 ET

Bank of Internet Launches a Double Rewards Free Checking Account With Unlimited ATM Withdrawls

SAN DIEGO, CA--(Marketwire - Aug 9, 2011) - Bank of Internet USA (NASDAQ: BOFI) announced today the launch of their new Rewards Checking account that offers a comprehensive array of desirable features with no fees.

Bank of Internet's Rewards Checking is a checking account with no monthly fees, no minimum balance and the opportunity to earn 1.25% Annual Percentage Yield (APY). Rewards Checking comes with interest rewards, unlimited ATM reimbursements, free bill pay and also free cash-back Purchase Rewards, as well as free FinanceWorks™ money management software.

Starting with 0% APY, you can add 0.3125% APY for completing each of the following steps per month:

  • Receive direct deposits totaling $1,000 or more.
  • Pay two bills with free online bill pay.
  • Make at least one purchase with your Rewards Checking Debit Visa Card.
  • Make at least 6 purchases with your Rewards Checking Debit Visa Card.

All other account features remain free regardless of your interest rate and debit card activity.

"We all appreciate rewards and these days everyone can use extra benefits. Plus, our research shows that a combination of high interest and purchase discounts is the most highly desired reward combination of all," said Greg Garrabrants, President and CEO of Bank of Internet. "With our new Rewards Checking, we're providing our customers exactly what they want."

Visit Bank of Internet to learn more about our account offerings and the new Purchase Rewards Program.

About BofI Holding
BofI Holding, Inc. ("BofI") is the holding company for Bank of Internet USA (the "Bank"), a nationwide savings bank that operates primarily through the Internet. With $2.0 billion in assets, The Bank provides a variety of consumer and wholesale banking services, focusing on gathering retail deposits over the Internet, and originating and purchasing single and multifamily mortgage loans, and purchasing mortgage-backed securities. BofI operates its Internet-based bank from a single location in San Diego, California. BofI Holding Inc.'s shares are listed on the Nasdaq Global Select Market under the symbol "BOFI" and are a component of the Russell 3000 Index.

For up-to-date company information and facts and figures about BofI Holding, Inc. visit or contact Kristi Procopio at (858) 704-6239.

Contact Information

  • Contact:
    Kristi Procopio
    (858) 704-6239