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Relationship Checking Account

Key Features of the Relationship Checking Account

  • Minimum deposit to open the account is $50.
  • No minimum balance required to earn interest or maintain account.
  • Unlimited check writing.
  • Check images returned with statement at no charge.
  • This is a tiered rate account if the qualifications detailed below are met for each monthly statement cycle.
  • If qualifications are not met, all balances are still eligible to earn interest. Separate tiers will apply.
 

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Relationship Checking - Qualification A

TermBranchMin. Opening DepositMin BalanceRateAPY
Daily balance of $0.01 to $30,000Blackhawk Bank & Trust$50None4.890 % 5.000 %
Daily balance of more than $30,000Blackhawk Bank & Trust$50$30,0000.100 % 0.100 %

Please see the account terms and conditions for full details. A withdrawal, interest rate change, or imposition of fees will reduce earnings. The Annual Percentage Yield and interest rate disclosed are based on the bank's disclosed compounding frequency for the appropriate term. Daily balance is the amount of principal in the account each day. Rates are determined at the banks discretion and are subject to change at any time.

Selected Rates current as of 4/11/2024, for approved customers.

Relationship Checking - Qualification B

TermBranchMin. Opening DepositMin BalanceRateAPY
Daily balance of $0.01 to $30,000Blackhawk Bank & Trust$50None4.980 % 5.100 %
Daily balance of more than $30,000Blackhawk Bank & Trust$50$30,0000.150 % 0.150 %

Please see the account terms and conditions for full details. A withdrawal, interest rate change, or imposition of fees will reduce earnings. The Annual Percentage Yield and interest rate disclosed are based on the bank's disclosed compounding frequency for the appropriate term. Daily balance is the amount of principal in the account each day. Rates are determined at the banks discretion and are subject to change at any time.

Selected Rates current as of 4/11/2024, for approved customers.

Relationship Checking - Qualifications Not Met

Qualification TierMin. Opening DepositMin BalanceRateAPY
Qualifications not met on balances of less than $2,500$50None0.100 % 0.100 %
Qualifications not met on balances of $2,500 or more$50$2,5000.150 % 0.150 %

Selected Rates current as of 4/11/2024, for approved customers.


QUALIFICATION A

To meet qualification A in the Relationship checking account you must have:

  • At least fifteen (15) posted and settled debit card purchases in the current monthly statement cycle or at least $2,000 in posted and settled transactions on a Blackhawk Bank & Trust Visa credit card in the previous calendar month; and
  • At least two (2) of the following additional qualifiers:

1. At least one (1) direct deposit or electronic payment (ACH) post and settle during the monthly statement cycle;

2. An average monthly balance of at least $25,000 within a Blackhawk Bank & Trust Money Market or Savings account;

3. A current principal balance of at least $25,000 within Blackhawk Bank & Trust Personal Loan accounts;

4. A current balance of at least $100,000 within Blackhawk Bank & Trust Certificate of Deposit or Individual Retirement accounts.

QUALIFICATION B

To meet qualification B in the Relationship checking account you must have:

  • At least fifteen (15) posted and settled debit card purchases in the current monthly statement cycle; and
  • $2,000 in posted and settled transactions on a Blackhawk Bank & Trust credit card in the previous calendar month; and
  • At least two (2) of the following additional qualifiers:

1. At least one (1) direct deposit or electronic payment (ACH) post and settle during the monthly statement cycle;

2. An average monthly balance of at least $25,000 within a Blackhawk Bank & Trust Money Market or Savings account;

3. A current principal balance of at least $25,000 within Blackhawk Bank & Trust Personal Loan accounts;

4. A current balance of at least $100,000 within Blackhawk Bank & Trust Certificate of Deposit or Individual Retirement accounts.

BONUS CASH REWARDS

The following bonus cash rewards are earned in the Relationship checking account with additional loan relationships. 

  • An additional $20 cash reward bonus will be credited within 60 calendar days of the date the customer opens a new personal loan account. Cash Rewards not eligible for credit cards.

Account Fees (and how to avoid them)

  • The Relationship checking account contains a monthly service charge of $15, which can be waived with a monthly average personal relationship balance of $50,000 or greater.
  • This account contains a monthly paper statement fee of $5 for those not enrolled in eStatements. Paper statement fee can also be waived by maintaining a personal relationship balance of $50,000 or greater with Blackhawk Bank & Trust.
  • A per transaction fee of $1.50 will be assessed for foreign ATM transactions; this account type qualifies for three (3) refunded transaction fees per monthly statement cycle.
  • A monthly inactivity fee of $5 will be assessed after six (6) consecutive months of no transaction activity within the account.
  • A monthly dormant account fee of $10 will be assessed after twelve (12) months of no transaction activity within the account.
  • Fees may reduce earnings.

Definitions

  • “Debit card purchases” do not include ATM processed transactions.
  • “Credit card transactions” do not include ATM processed transactions or cash advances.
  • “Electronic payment (ACH)” does not include debit card purchases or transactions processed by merchants as “electronic checks”.
  • “Personal relationship balance” is comprised of any personal account with Blackhawk Bank & Trust that the primary Relationship checking account holder is an owner or borrower (excludes Health Savings Account(s)).
  • “Personal relationship balance” is calculated one day prior to the end of the monthly statement cycle and includes any combination of average daily balance of personal checking, savings, or money market accounts and current balance of any certificate of deposit, individual retirement account or loan account.

How Interest Accrues

  • If qualifications are not met, all balances are still eligible to earn interest.
  • Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
  • The daily balance method is used to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day. The daily periodic rate applied will be the rate in effect on the last day of the monthly statement cycle.
  • Interest will be compounded monthly and credited to the account on a monthly basis.
  • The interest accrual method is 365/365 days.

Account Limitations

  • Limited to two (2) interest-bearing checking accounts (Interest checking or Relationship checking) per household.

Terms and Conditions

View Terms