THANK USE QUALIFICATIONS
You must be a personal member who meets these three criteria on 9/30/22: 1) be 18 or older 2) have an active checking account 3) have a primary saving account with a balance of $25 or more.
You’re not eligible for Thank Use if you: 1) have a loan or deposit charge-off that’s not paid back in full by 9/30/22, or 2) have a loan that’s delinquent by 60 consecutive days or more on 9/30/22, or 3) have a negative checking account balance for 30 consecutive days or more on 9/30/22. Business memberships and trust accounts with EINs, and business accounts under a personal membership don’t qualify for Thank Use.
Your Thank Use 2022 earnings will be deposited into your primary savings account on 10/20/22 and may be reportable on IRS form 1099-MISC.
Your participation dividends are based on your individual member number. They can’t be combined or shared with other member numbers. Each earning category is payable once under a member number. Membership on 10/20/22 is required to receive your dividends.
1ACTIVE PERSONAL CHECKING DEFINITION
Your personal checking account must be active on 9/30/22. An active checking account is defined as: 1.) Set up direct deposit and use the account to make 5 or more check, debit, or automated clearing house (ACH) transactions within 90 consecutive days ending on 9/30/22, or 2) Use the account to make 10 check, or 8 debit, or 5 automated clearing house (ACH), or 3 bill pay transactions within 90 consecutive days ending on 9/30/22.