PerkStreet Promotion – 2% Cash Back on Debit Card Purchases

PerkStreet Financial has a promotion running through the end of April where you can get a a 2% cash back bonus from all debit card purchases for 6 months when opening a new online checking account. Once the 6 month period is complete you will then earn a 1% cash back bonus on your purchases.

This offer expires April 30th 2010, but can be canceled at anytime.

The PerkStreet Financial free online checking account is being promoted as a rewards account. You earn a cash back reward of 2% for first 6 months, then 1% after on purchases when using your debit card that is tied to the account. The cash back reward is based on non-pin debit card transactions. The 2% cash back for first 6 months is a great deal since most checking account offer rewards that equate to far lower than a 1% return.

There is no minimum balance required, however to avoid an inactivity fee of $4.50 you must have activity in the account each month from either a debit card transaction, check, deposit or withdrawal. The account comes with a free book of checks, free debit card and free online banking and bill pay.

PerkStreet Financial is also a member of the STARsf Surcharge Free ATM networkwhich offers of 37,000 free ATMs nationwide.PerkStreet Financial’s banking services are provided by The Bancorp Bank which is FDIC insured. The Bancorp Bank has a been a FDIC member since 2000.

If you are looking to move toward an online checking account this one may be the way to go. With the high rewards, nationwide free ATM access though the STARsf network, and no fees when you keep your account active, there are not many other online checking accounts that beat this deal. Make sure to open by April 30th 2010.

Check out the PerkStreet Financial promotion page for more details.

You can also check out more checking account promotions here.