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- Several online banks and banking platforms have checking accounts with cash-back debit cards.
- Depending on the bank, you may earn between 1% to 15% cash back on debit card purchases.
- Checking accounts may have limits on how much you can earn per month or year, or on what qualifies as an eligible purchase.
You might consider a cash-back debit card if you’re looking for a way to get some money back from your holiday spending. Some banks have checking accounts with cash-back debit cards, which allow you to earn a percentage of cash back from certain types of debit card purchases.
Yes, there are plenty of cash-back credit cards out there. But you might prefer a cash-back debit card over a credit card if can’t pay off your entire credit card bill each month, or if you struggle with impulse spending.
Below, you’ll find 10 checking accounts that have cash-back debit cards available nationwide. Several of these accounts are also some of the best rewards checking accounts.
10 checking accounts that offer cash-back debit cards
1. Axos CashBack Checking
Axos CashBack Checking Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$50
- No monthly maintenance fees
- Unlimited domestic ATM fee reimbursements
- Earn up to 1.00% cash back on qualifying purchases
- Unlimited check writing
- Free overdraft protection is available
- $50 minimum opening deposit
- $25 overdraft fee
- Cashback limit of $2,000 per month
Product Details
- Earn 1% cash back on qualifying debit purchases when you keep an average daily collected balance of $1,500 or more
- Earn 0.50% cash back on qualifying debit card purchases when you’re average daily collected balance is under $1,500
- Eligible for up to $2,000 in cash back per month
- Member FDIC
Axos CashBack Checking allows you to earn up to 1% cash back on signature-based debit card transactions.
To get 1% cash back on qualifying debit card purchases, you’ll have to maintain an average daily balance of $1,500 or more in your checking account. Otherwise, you’ll earn 0.50% cash back on eligible purchases. The maximum amount of cash back you can earn on signature-based transactions each month is $2,000.
Axos Bank Review
2. Discover Cashback Debit Account
Discover Cashback Debit Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$0
- Earn up to 1% cash back on up to $3,000 in purchases per month
- No monthly service fee
- Over 60,000 in-network ATMs
- Early direct deposit
- Enroll in free overdraft protection
- Debit card can only be used in the US, Canada, Mexico, and the Caribbean
- Only 1 branch location
Insider’s Take
Discover is a strong online bank. However, if you’d prefer to open a CD or money market account with a low minimum opening deposit, you might consider other options.
Product Details
- Earn 1% cash back on up on up to $3,000 per month in eligible debit card purchases
- 100% US-based customer service available 24/7
- No opening deposit or minimum account balance
- No monthly maintenance fees
- Over 60,000 in-network ATMs
- FDIC insured
With the Discover Cashback Debit Account, you can get 1% cash back on up to $3,000 in eligible debit card purchases monthly.
Certain types of debit card transactions aren’t eligible for cash-back rewards though. For example, if you buy a money order or make a loan payment, you won’t be able to get cash back for the purchase. You also can’t get cash-back rewards for peer-to-peer payments (like Apple Pay Cash) or a purchase made using a payment app (like Venmo or PayPal).
Discover Bank Review
3. SoFi Checking and Savings
SoFi Checking and Savings
Fees
no monthly service fee
Annual Percentage Yield (APY)
up to 4.60%
Minimum Deposit Amount
$0
- FDIC insured for $2 million
- High interest rate
- Earn a higher interest rate with qualifying activities
- No minimum opening deposit
- No monthly service fees
- No overdraft fees
- Up to $300 bonus with qualifying direct deposit (terms apply)
- Earn up to 15% cash back at local retailers if you use a SoFi debit card
- No-fee overdraft coverage if you overdraw up to $50
- Savings tools
- Early direct deposit
- Joint account available
- Declined purchase if you overdraw by more than $50
- Doesn’t reimburse out-of-network ATM providers’ fees
- May deposit cash at Green Dot locations but there’s a $4.95 fee
Product Details
- FDIC insured for $2 million
- Free access to 50,000+ Allpoint ATMs worldwide
- Hybrid checking/savings account
- Earn up to 15% cash back on local retailers when you use a SoFi debit card; Retailer information is available through online banking
- Earn 4.60% APY on savings balances (Vaults included) and 0.50% APY on checking balances if you set up direct deposit or deposit minimum $5,000 per month
- Earn 1.20% APY on SoFi Checking and Savings if you don’t have qualifying activities
- Earn up to $300 cash bonus available through June 30, 2024; receive a $50 bonus if you make a direct deposit between $1,000 and $4,999 in the first 30 days of opening an account; receive a $300 bonus if you make a direct deposit of $5,000 or more in the first 30 days of opening an account
- Create up to 20 Money Vaults to save for individual savings goals like an emergency fund or vacation
- $4.95 fee each time you deposit cash at a Green Dot location
- To get no-fee overdraft coverage you must have at least $1,000 in direct deposits
With SoFi Checking and Savings, you may get up to 15% cash back on eligible debit card purchases at participating stores and restaurants. You’ll need to link your debit card and enroll in cash-back rewards to see a list of participating businesses and get rewards.
SoFi Bank Review
4. Juno Basic Checking Account
Juno Basic Checking Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
4.00% or 5.00% (depends on deposit amount)
Minimum Deposit Amount
$0
- No minimum opening deposit
- No monthly service fees
- High APY on balances up to $25,000
- Earn cash back
- Virtual debit card and access to Apple Pay, Google Pay, Samsung Pay
- No out-of-network ATM fees
- Refunds 1 fee charged by an out-of-network ATM provider per month
- No overdraft fees
- APY lowers on balances over $25,000
- No APY on balances over $250,000
- No option to overdraw
- Interest compounded monthly, not daily
- No joint accounts
Product Details
- 85,000 free ATMs nationwide
- Earn 5.00% APY on balances up to $25,000; 4.00% APY on balances of $25,001 to $250,000; no APY on balances over $250,000
- Choose 10 companies to earn 5% cash back with, on spending up to $500 per year
- Can also buy and sell cryptocurrency through Juno
- Interest compounded monthly, paid monthly
- FDIC insured through partner bank, Evolve Bank & Trust
The Juno Basic Checking Account offers 5% cash back on up to $10,000 in debit card purchases per year with select brands. The full list of participating brands is available on Juno’s website.
Only certain debit card transactions are eligible for the cash-back perk. For example, gift card purchases, prepaid card purchases, cash advances, peer-to-peer payments, and traveler’s check purchases aren’t eligible for cash back.
Your account also must remain open and be in good standing to qualify for the checking account’s cash-back feature.
Juno Review
5. Upgrade Rewards Checking Plus
Upgrade Rewards Checking Plus
Fees
no monthly service fee
Annual Percentage Yield (APY)
Up to 5.07% APY on saving balances
Minimum Deposit Amount
$0
- No minimum balance requirements
- No monthly service fees
- No overdraft fees
- No transfer fees
- No ATM fees
- Can earn 2% cashback on everyday expenses (up to $500 per year) and 1% on any other debit card charges
- Reimburses some ATM fees charged by other financial institutions (up to 5 withdrawal per month)
- Need to meet certain requirements each month to be eligible for ATM fee reimbursements
- No overdraft protection
Product Details
- To maintain an activity qualifying Rewards Checking Plus Account and obtain rewards like ATM fee reimbursements and loan discounts, you must meet one of the following requirements: 1) have an average daily balance of $2,500 or more, 2) receive direct deposits totaling $1,000 or more each month, or 3) make at least 8 debit card purchases
Upgrade Rewards Checking Plus offers up to 2% cash back on everyday debit card purchases at convenience stores, gas stations, monthly subscription services, restaurants, and utility and phone providers.
To earn 2% on everyday purchases and 1% cash back on all purchases, your checking account must receive direct deposits of $1,000 or more each month. The 2% cash-back perk is limited to $500 in cash-back rewards per year. After the $500 limit, you’ll get 1% cash back on debit card purchases for the rest of the year.
If you do not receive direct deposits of $1,000 or more each month, you’ll earn 1% cash back on everyday debit card purchases and 0.50% cash back on other types of debit card purchases.
You won’t be able to earn cash-back rewards on gift card purchases, loan payments, money orders, ATM transactions, wire transfers, or payments made through digital wallets or payment apps.
Upgrade Review
6. LendingClub Rewards Checking
LendingClub Rewards Checking Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
0.00% to 0.15%
Minimum Deposit Amount
$25 to open, $2,500 to earn interest and 1% cash back on purchases
- Earn 1% cash back on credit purchases if you have at a $2,500 balance on your account
- Earn interest on your checking account
- No monthly service fee
- Receive your paycheck 2 days early
- Unlimited refunds on out-of-network ATM fees
- Overdraft protection is available that lets you link to another account
- $25 minimum opening deposit
- Must have $100,000 in your account to earn the highest APY
- $25 non-sufficient funds charge
- $5 daily overdraft fee after the 5th straight day of a negative balance
- Interest compounds monthly, not daily
Product Details
- Online banking institution with 1 branch in Boston, Massachusetts
- Earn 1% cash back on all credit purchases if you have at least $2,500 in your account
- Earn 0.00% APY if you have an account balance of $0.00 to $2,4999.99
- Earn 0.10% APY if you have an account balance of $2,500 to $99,999.99
- Earn 0.15% APY if you have an account balance of $100,000 or higher
- Access to over 325,000 surcharge-free ATMs through the NYCE, SUM and MoneyPass ATM networks
- Interest compounded monthly, paid monthly
- Member FDIC
With LendingClub Rewards Checking, you can earn an unlimited 1% cash back on qualifying signature-based debit card purchases.
To be eligible for the cash-back feature, your checking account must have a daily balance of $2,500 or more.
You won’t be able to use the checking account for any purchases that are returned or are considered cash equivalents (like gift cards or prepaid debit cards).
LendingClub Bank Review
7. ONE Account
ONE account
Fees
no monthly service fee
Annual Percentage Yield (APY)
up to 5.00%
Minimum Deposit Amount
$0
Bonus
3% cash back on Walmart purchases
- No minimum opening deposit
- No monthly service fees
- Earn a solid APY on your savings pocket and automatic savings pocket
- Free overdraft protection for up to $200 if you meet certain requirements
- No fee for using an out-of-network ATM if you have direct deposits set up
- Receive paychecks sooner with early direct deposits
- Only earn interest on up to a certain balance
- $3.00 out-of-network ATM fee if you do not have direct deposits set up
- Doesn’t reimburse any fees charged by out-of-network ATM providers
Product Details
- If you receive $500 or more of eligible direct deposits in the previous month or have a total daily account balance of $5,000 or more for at least 3 consecutive months, you’ll be eligible to earn 3% cash back on Walmart purchases (up to $50 annually)
- Free access to 55,000 Allpoint ATMs in the US
- The ONE Account acts as a hybrid checking/savings account
- Set up a Savings Pocket and earn up to 5.00% APY on balances up to $250,000 by either receiving at least $500 in eligible direct deposits each month or having a total daily account balance of $5,000 or more
- Round up debit card purchases to the nearest dollar, and the money goes into Auto-Save Pocket; earn 5.00% APY on your Auto-Save Pocket
- All other Savings balances will earn 1.00% APY
- Overdraft protection for up to $200; To qualify, you must first receive at least $500 in direct deposits for at least 31 days
- Deposits are FDIC insured through Coastal Community Bank
The ONE Account lets you earn 3% cash back of up to $50 per year at Walmart locations or on Walmart.com.
To earn cash back, you’ll need to receive direct deposits of $500 or more each month or have a total account balance of $5,000 or more.
Gift card purchases and prepaid cards are not eligible for cash-back rewards. You also won’t get cash back at Sam’s Club or any restaurants or vendors that are inside Walmart locations.
ONE Finance Review
8. Primis Perks Checking
Primis Perks Checking
Fees
no monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$1
- Earn $0.50 cash back on debit card purchases
- Low minimum opening deposit
- No monthly service fees
- No overdraft fees
- Free cashier’s checks
- Free stop payments
- Early direct deposit
- Refunds out-of-network ATM fees
- Limited ATM network
- Account not available at a Primis branch
Product Details
- 38 branches in Maryland and Virginia
- Over 30 Primis ATMs near Primis branches
- Open the Primis Perks Checking account from anywhere in the US
- Primis Perks Checking is only available online
- Can overdraw from your account and Primis won’t charge you a fee
- Member FDIC
Primis Perks Checking has a cash-back debit card. You can get $0.50 back on all debit card transactions except ATM transactions.
Primis Bank Review
9. Salem Five Direct eOne Checking
Salem Five Direct eOne Checking
Fees
no monthly service fee
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$10
- $10 opening deposit
- No monthly service fees
- No out-of-network ATM fees
- Earn cash back on your debit card purchases
- Get up to $15 in out-of-network ATM reimbursements each month
- Overdraft protection available
- $25 overdraft fee
- $3 overdraft transfer fee
- Can’t open if you have a savings or checking account opened at a Salem 5 branch
Product Details
- Access to over 55,000 fee-free ATMs through the Allpoint Network
- Earn 0.01% APY on daily account balances under $1 million
- If you have a daily balance over $1 million, your money may be transferred to another bank account, which pays 0.10% APY
- Get $0.05 for each debit card purchase; Cash back rewards will be deposited into your account at the end of each month
- Can’t open if you have a savings or checking account opened at a Salem 5 branch
- Overdraft protection that links your checking account to a savings account or apply for a line of credit
- Interest compounded and deposited monthly
- FDIC insured
Salem Five Direct eOne Checking lets you earn $0.05 back on all signature-based debit card purchases.
Salem Five Direct Review
10. Quontic Cash Rewards Checking Account
Quontic Cash Rewards Checking Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$100
- High cash-back rewards
- No monthly service fees
- No out-of-network ATM fees
- $100 minimum opening deposit
- $35 overdraft fee
- Doesn’t reimburse any fees charged by out-of-network ATM providers
Product Details
- Over 90,000 free ATMs
- 1% cash back on all eligible debit card purchases
- There’s a rewards limit of up to $50 per statement cycle
- FDIC insured
Quontic Rewards Checking offers 1% cash back on eligible debit card purchases (up to $50 in cash-back rewards per statement cycle).
The following types of purchases aren’t eligible for cash-back rewards: cash over portions of sale transactions, peer-to-peer payments, loan payments, purchases through payment apps, or ATM-based transactions.
Quontic Bank Review
Cash-back debit card FAQs
Yes, some checking accounts have debit cards that give you cash back when you make qualifying purchases. A few examples include (but aren’t limited to) Axos CashBack Checking, the Discover Cashback Debit Account, and LendingClub Rewards Checking.
No, credit cards are not the only way to earn cash back on purchases. Certain debit cards also offer cash-back perks, and some of the best money-making apps also offer cash-back features.
ONE Finance has a hybrid checking/savings account that offers 3% cash back (up to $50 per year) on Walmart purchases. ONE Finance is owned by the fintech company Hazel, which was created by Walmart and the investment firm Ribbit Capital.
Regular debit cards don’t offer any cash back. However, cash-back debit cards usually offer between 1% to 3% cash back on eligible debit card purchases. A few banks offer higher percentages for cash-back perks — for example, SoFi lets you earn up to 15% cash back on eligible debit card purchases at participating retailers with SoFi Checking and Savings.
CIT Bank Platinum Savings
Earn 5.05% APY on balances of $5,000 or more. The higher your balance, the more you’ll earn. FDIC insured.
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