PerkStreet Financial

Getting started

How do I apply?
What do I need to apply?
Do I need to close my checking account at my other bank?
When will I receive my PerkStreet Financial^SM Visa^® Debit Card?
How do I set up my PIN?
How do I change my PIN?
When will I receive my checks?
How do I activate my debit card?

Back to top How do I apply?: You can apply online in just five minutes with a deposit of $25 or more. Just click this link or the “Sign Up” button in the top right corner of this page.
Back to top What do I need to apply?: A $25 deposit, a driver’s license or other government issued ID, your social security number and a current US address is all you need to open an account. To make your initial deposit you'll need a debit card, credit card or check.
Back to top Do I need to close my checking account at my other bank?: No. You can easily transfer money into your PerkStreet account from your other bank account online. If your other bank charges a fee to keep your account open, you might want to consider closing it — PerkStreet does not charge an account maintenance fee.
Back to top When will I receive my PerkStreet Financial Visa Debit Card?: After you open your account and your initial deposit is processed, you'll receive your debit card in the mail in about a week.
Back to top How do I set up my PIN?: We will mail you a PIN once you've opened an account. You may change your PIN at any time by calling 866.792.2834.
Back to top How do I change my PIN?: Call 866.792.2834 to change your PIN.
Back to top When will I receive my checks?: After you open your account and your deposit of $25 is processed, you’ll receive two free checkbooks in the mail in about a week.
Back to top How do I activate my debit card?: Call 866.792.2834 to activate your card. Choose option #2, then option #1 to get started activating your account.

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Open your account online and fund the account with $25 or more. When your Current Account Balance at the start of the day is $5,000 or more, you'll earn 2% cash back for all non-PIN debit card purchases you make on that day. When your Current Account Balance at the start of the day is less than $5,000, you'll earn 1% cash back on all non-PIN debit card purchases you make on that day. To determine your starting Current Account Balance, we use your closing balance after all settled transactions from the previous business day. Pending purchases and transactions are not included in your Current Account Balance. You will earn 2% cash back on non-PIN debit card purchases no matter what your balance is for the first 3 months, starting on the day that your account is opened. A month is defined as a 30 day period - not a calendar month. There is no limit to the total amount you can earn.

In addition, you will earn up to 5% cash back when shopping at certain retailers. We will announce the retailers and associated time periods for earning up to 5% cash back at those retailers via Twitter (@perkstreet), our Facebook page or other company communications.

If you choose to earn coffee or music instead of cash back, you'll earn:

Music: For every $100 in non-PIN debit card purchases, you will earn 2 songs when your Current Account Balance at the start of the day is $5,000 or more, or 1 song when it is below $5,000. You will earn up to 5 songs for every $100 in non-PIN debit card purchases at the selected retailers specified by PerkStreet^SM.
Coffee: For every $200 in non-PIN debit card purchases, you will earn 2 cups of coffee when your Current Account Balance at the start of the day is $5,000 or more, or 1 cup when it is below $5,000. You will earn up to 5 cups of coffee for every $200 in non-PIN debit card purchases at the selected retailers specified by PerkStreet.

You may switch perks programs at any time with no penalty.

Any goods or services purchased with your PerkStreet card that are returned or otherwise credited to your account will not earn perks.

Purchases of currency, cash or cash equivalents also will not earn perks and include, without limitation, currency from the U.S. Mint, travelers cheques, gift cards, prepaid debit cards or other cash equivalents. PerkStreet may require you to provide documentation to validate that purchases qualify to earn perks.

PerkStreet Financial^SM reserves the right to exclude purchases that we determine are not made for your personal, family or household purposes or are not made with the good faith intention of your consuming the item purchased.

Existing customers have been upgraded via email and now earn 2% cash back on non-PIN debit card purchases they make on days when their starting Current Account Balance is $5,000 or more.

This offer and the calculation of perks are subject to the terms and conditions of your perks account. We may modify or cancel this offer at any time. This offer expires September 15, 2010.

Making $601 in weekly non-PIN purchases will earn you $625 in perks annually (when you maintain a balance of $5,000). According to the U.S. Bureau of Labor Statistics, the average American household spends $601 per week on purchases that could be put on a debit card, including stuff like utility bills or rent.

* The average debit card offers .04% rewards vs. PerkStreet at 1%. 17% of debit cards offer rewards (Source: BAI/Hitachi 2008 Study of Consumer Payment Preferences). Of debit cards that offer rewards, the average value provided is 0.23% of spending (Source: Survey of the top 10 bank holding companies by total domestic deposits, as ranked by the FDIC). The resultant value provided by the average debit card is 0.04% of spending compared to PerkStreet at 1% cash back with no minimum Current Account Balance requirement and 2% cash back with an Current Account Balance of $5,000 or more.

**The Visa Zero Liability policy covers U.S.-issued cards only and does not apply to ATM transactions, PIN transactions not processed by Visa, or certain commercial card transactions. Cardholder must notify issuer promptly of any unauthorized use. Consult issuer for additional details or visit www.visa.com/security.

The merchants represented are not sponsors of PerkStreet perks, or otherwise affiliated with PerkStreet Financial, Inc. The logos and other identifying marks are trademarks of and owned by each represented company and/or its affiliates. Used under license. Please visit each company's website for additional terms and conditions of use.

The Bullseye Design and Target are registered trademarks and Target GiftCard is a service mark of Target Brands, Inc. All rights reserved. Terms and conditions are applied to GiftCards. Target is not a participating partner in or sponsor of this offer.

PerkStreet Financial

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Getting started