Fremont Bank in the Bay Area of California is offering up to a $250 bonus in your first year when you open a checking account and a home loan as part of their Cornerstone Client program.
Fremont Bank has 18 branch locations across the Bay Area in California.
About Fremont Bank Cornerstone Client Program
When you establish a Fremont Bank personal checking account with an automatic loan payment to your Fremont Bank first mortgage, you are eligible to become a Cornerstone Client.
As a Cornerstone Client, you’ll be offered premium benefits, member-only promotions, and future product upgrades.
Cornerstone Clients must maintain a Fremont Bank personal checking account and a Fremont Bank first mortgage with automatic loan payment from your Fremont Bank personal checking account.
If at any point in time, the Cornerstone Client closes the personal checking account for any reason, no longer has the first mortgage with Fremont Bank, or the automatic loan payment is canceled for any reason, you will no longer be considered a Cornerstone Client or be eligible for the program benefits.
Fremont Bank Cornerstone Client $250 Bonus Rewards
You can earn $250 in bonus rewards during your first year as a Cornerstone Client.
$100 Membership Rewards: Get $100 for opening a new checking account and joining with automatic loan payments.
$50 Transaction Rewards: Get $1 for each qualifying debit card transaction within the first 45 days of account opening for up to $50.
$100 Quarterly Rewards: Get $25 each quarter that you use your debit card for 75 qualifying transactions, year after year.
Just visit this Promotional Link to learn more about these Cornerstone Client program bonuses.
How To Receive the Automatic Loan Payment $100 Checking Account Bonus:
1. Open a new Fremont Bank personal checking account.
2. Set up an Automatic Loan Payment from your new personal checking account to your Fremont Bank first mortgage within 30 days from checking account opening.
To be eligible for this limited time offer, you must not currently have a personal checking account with Fremont Bank.
You are not eligible for this offer if you were a signer on or owner of a Fremont Bank personal checking account within the last 6 months.
The account bonus will be credited automatically to your Fremont Bank personal checking account within 90 days of meeting all of the qualifications and will appear on your account statement.
An early closure fee of $100 will apply if you receive this credit and the account is closed within 180 days of the account opening date.
How To Receive the $50 Initial Debit Card Account Bonus:
You’ll receive $1 for each qualifying debit card transaction greater than $5 made with your personal Fremont Bank Debit Card within 45 days of account opening for a maximum $50 account bonus.
The account bonus will be credited automatically to your Fremont Bank personal checking account within 120 days of account opening.
To be eligible for this offer, you must not currently have a personal checking account with Fremont Bank.
You are not eligible for this offer if you were a signer on or owner of a Fremont bank personal checking account within the last 6 months.
How To Receive the $25 Quarterly Debit Card Account Bonus:
You will receive a $25 cash bonus during each quarter when you have at least 75 qualifying Fremont Bank Debit Card transactions.
Quarters are defined as: Jan 1 – Mar 31; April 1 – June 30; July 1 – Sept 30; and Oct 1 – Dec 31.
Transactions for all debit cards linked to the checking account will count toward the 75.
The account bonus will be credited automatically to your Fremont Bank personal checking account within 45 days of each respective quarter end.
Additional Cornerstone Client Promotional Details
Account bonuses will be reported as interest, and Fremont Bank may issue an Internal Revenue Service Form 1099 (or other appropriate form) to you that reflects the value of the account credit.
To earn an account bonus on qualified debit card transactions using your Fremont Bank debit card requires a Fremont Bank personal checking account.
A qualifying debit card transaction is defined as a POS purchase transaction using your PIN (Personal Identification Number), purchases you sign for, Internet, phone and mail order purchases, small dollar purchases that do not require a signature or PIN greater than $5, and bill payments where the payee processes the transaction as a credit transaction.
Transactions that do not qualify include ATM transactions, cash transactions, and non-U.S. purchases.
Your debit card must be linked to the same checking account that has the automatic loan payment to your Fremont Bank first mortgage.
Account bonuses are typically credited to the checking account and will appear on your account statement.
Fremont Bank Freedom Checking Account Information
Freedom Checking has no monthly service fee when you do any 1 of the following each statement period:
1. Have monthly direct deposits totaling $500 or more made to this account (your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits such as Social Security from your employer or the government).
2. Keep the daily balance in your checking account at or above $2,500.
3. Keep a combined balance of $5,000 or more in your checking and other types of qualifying accounts.
4. Have an automatic loan payment to your Fremont Bank first mortgage made from this account.
Otherwise, a $18 monthly Service Fee will apply.
There is a $100 minimum opening deposit requirement.
Sign up for a Fremont Bank consumer checking account with a home loan to receive this $250 bonus reward.