THANK USE QUALIFICATIONS
You must be a personal member who meets these two criteria on 9/30/23: 1) have an active checking account1 2) have a primary savings 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 9/30/23, or 2) have a loan that’s delinquent by 60 consecutive days or more on 9/30/23, or 3) have a negative checking account balance for 30 consecutive days or more on 9/30/23. Business memberships and trust accounts with EINs, and business accounts under a personal membership don’t qualify for Thank Use.
Your Thank Use 2023 earnings will be deposited into your primary savings account on 10/19/23 and may be reportable on IRS form 1099-MISC.
Your payout is 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 10/19/23 is required to receive your payout. Must meet product eligibility requirements to open a new product.
1ACTIVE CHECKING DEFINITION
a) Set up direct deposit to your checking account, and have a total of five or more check, debit card or automated clearing house (ACH) debit transactions on that checking account within 90 consecutive days OR b) If you cannot directly deposit to your checking account, then have ten check transactions, or eight debit card transactions, or five ACH debit transactions or three bill pay transactions on that checking account within 90 consecutive days. Your checking account must be active on 9/30/2023.