Introducing Bitcoin Rewards Checking from Quontic Bank – the first of its kind. Minimum opening deposit of $500. We’re launching in select states to start.
How It Works
1. Purchase with Quontic Debit Card
Use your personal checking account card to make purchases.
2. Earn Bitcoin
3. Manage your Bitcoin
Keep as a store of wealth or redeem Bitcoin for US dollars (full redemption required – available once per month).
Frequently Asked Questions
During your checking account statement cycle, 1.5% of each Qualified Point of Sale (POS) purchase with your Quontic debit card will accrue in US dollars and then be used to purchase Bitcoin on your behalf at the end of each monthly checking account statement cycle. As long as you continue to make qualifying purchases with your Quontic debit card, each monthly bitcoin purchase will be added to your balance in your NYDIG account until you decide to redeem it.
Please note that a POS debit card transaction MUST post and settle on your account to be a Qualifying POS Debit Card Transaction. Transactions may NOT be in a pending status to be a Qualifying POS Debit Card Transaction.
Point of sale transactions using your debit card will earn bitcoin rewards. This includes purchases in-store and online. ATM withdrawals, transfers, bill payments, writing checks, ACH payments, and wire transfers will not earn bitcoin rewards.
No your bitcoin rewards will not expire as long as you keep your Bitcoin Rewards checking account open.
The dollar to bitcoin value fluctuates and the market price is based on an exchange price.
On a monthly basis, you may redeem your total bitcoin rewards balance as of the end of your prior statement cycle. All requests for redemption must occur least five (5) business days prior to the end of any given monthly statement cycle.
Any redemption request must request the redemption of ALL the Bitcoin Rewards indicated on the most recent monthly statement; no requests for redemption of less than all of the Bitcoin Rewards are permitted.
Contact Us Today
via live chat, phone, our online form, or by emailing.
Chat directly with our customer service representatives.
Ask for details. Additional terms, conditions, fees & exclusions may apply. Rates may change without notice. Some accounts may require a minimum average daily balance for the statement cycle to avoid service charges. If the account is closed before interest and/or bonus is credited, accrued interest and/or bonus may be forfeited for that statement cycle. Fees could reduce earnings. In order to sign up for online banking, you must have a Quontic Bank account. Mobile banking requires enrollment through online banking. Data connection required. Wireless carrier fees may apply. There is no charge from Quontic Bank for account alerts, but message & data rates may apply. Mobile check deposit is available for select mobile devices. Subject to eligibility & further review. Deposits are subject to verification & not available for immediate withdrawal. Deposit limits & other restrictions may apply. Online Account Opening is only available to consumers. Ask for details. Data connection required to open an account online. Wireless carrier fees may apply. Application is subject to approval & further review. Information is accurate as of the date listed below and may change without notice.
December 21, 2020
1 Applications are subject to approval. There are geographic, regulatory, and other restrictions that may apply. Bitcoin Reward Checking is currently available in the states of Alabama, Arkansas, California, Maryland, Massachusetts, Missouri, Montana, New York, Pennsylvania, Utah, Wisconsin, and Wyoming. Bitcoin Reward Checking account is a non-interest bearing personal checking account, requires a minimum of $500.00 to open the account, and does not require a minimum daily balance to earn Bitcoin rewards. Qualifying POS Debit Card Transactions (“Eligible Debit Card Transactions”) shall receive Bitcoin Rewards at the U.S. dollar value of 1.50% on all Qualifying POS Debit Card Transactions that post and settle to the Bitcoin Rewards Checking Account during the prior monthly statement cycle. No Bitcoin Rewards will be paid if the Qualifying POS Debit Card Transaction requirements are not met or if the requirements for establishing an account with NYDIG Execution LLC (“NYDIG Account”), which is authorized by the New York State Department of Financial Services to engage in virtual currency business activity, are not met. Fees and terms are subject to change. Additional terms and conditions may apply. Balances of Bitcoin Rewards and/or digital assets in your NYDIG Account are not subject to Federal Deposit Insurance Corporation (FDIC) or Securities Investor Protection Corporation (SIPC) protections. Information is published as of January 11, 2021.