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Extraco has a checking account for everyone. Choose an account that fits the way you live, and we'll get you started on the road to better money management.

Your money knows what it wants. It wants safety, security and the chance to grow. That's why there's Bonus Banking from Extraco. Depending on how you bank, you can earn any or all of the following rewards each month:

0.25% Cash Back on Debit Card Purchases

Earn 0.25% Cash Back on all CREDIT or signature based debit card transactions on this account up to $250.00 per statement cycle. Simply select CREDIT and sign for your purchase instead of entering your PIN. There is no annual fee for this program. The Cash Back is credited at the end of the statement cycle.

Premium Interest

Earn Premium Interest when you participate in these banking options each statement cycle:

  • E-statements
  • Use account debit card at least 60 times
  • Maintain direct deposit
  • Pay at least five bills with Extraco Bill Pay

Free ATMs and Basic Interest

Earn up to $20 per month in ATM fee refunds and Basic Interest when you participate in these banking options each statement cycle:

  • E-statements
  • Use account debit card at least 10 times
  • Maintain direct deposit

Full or Partial Waiver of Monthly Service Charge

Waive from $0.00 to $7.95 of the monthly service charge. The monthly service charge is reduced by $1.99 for each banking option you participate in each statement cycle:

  • E-statements
  • Extraco Bill Pay
  • Use account debit card at least 30 times
  • Maintain direct deposit
  • Account owner is 65 years old or older

Already have an Extraco checking account? Convert that account to Bonus Banking today!
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Don't have an Extraco checking account? Apply for Bonus Banking today!
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Have a question? Contact a Relationship Manager.

No matter which personal checking you choose, you'll get a unique product with the ease and convenience of 24/7 money management.

Account Features Bonus Banking Interest Checking
Earns Interest1 Yes Yes
Earns Premium Interest2 Yes No
Minimum to Open $1 in person / $100 online $1 in person / $100 online
Minimum to Maintain $0 $2,5003
Number of Transactions Unlimited Unlimited
Monthly Service Charge $7.954 $7.95 (if below minimum balance)
Electronic Statements Available Available
Free ATM/Debit Card Available Available
Free E-Bank Available Available
Free Bill Pay Available Available
Senior Benefits5 Yes Yes
Other Benefits Cash Back on Debit Card Transactions6
ATM fees reimbursed7
Paper statement
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  1. See rate tab for current rates on interest earned.
  2. To qualify for Premium Interest per statement cycle requires: E-statements, completing at least 60 debit card purchases on this account, maintaining direct deposit, and paying at least five bills with Extraco Bill Pay. To qualify for Basic Interest per statement cycle requires: E-statements, completing at least 10 debit card purchases on this account, and maintaining direct deposit.
  3. No minimum balance required to maintain the account. However, if daily balance falls below $2500 during statement cycle, a $7.95 fee will be charged.
  4. Waive from $0.00 to $7.95 of the monthly service charge. The monthly service charge is reduced by $1.99 for each banking option you participate in each month. E-statements, Extraco Bill Pay, use debit card at least 30 times per month, maintain direct deposit, or be 65 years old or older.
  5. Senior benefits include free basic checks, up to five cashier's checks per month, and no paper statement fee.
  6. 0.25% cash back on all CREDIT or signature based debit card transactions on this account up to $250.00 per statement cycle and is credited at the end of the statement cycle. There is no annual fee for this program.
  7. Up to $20 per month in ATM fee refunds when you participate in these banking options each month: E-statements, use account debit card at least 10 times, and maintain direct deposit.
Bonus Banking1
Balance Interest Rate2 APY1
Annual Percentage Yield
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$0 - $24,999 Basic 1.01% 1.01%
$0 - $24,999 Premium 1.99% 2.01%
$25,000 and above Basic 0.05% 0.05% - 1.01%
$25,000 and above Premium 0.05% 0.05% - 2.01%
Unqualified accounts 0.05% 0.05%
Interest Checking
Balance Interest Rate2 APY
Annual Percentage Yield
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Any balance 0.05% 0.05%
 
 

Rates effective 05/22/2013

  1. To qualify for Premium Interest per statement cycle requires: E-statements, completing at least 60 debit card purchases on this account, maintaining direct deposit, and paying at least five bills with Extraco Bill Pay. To qualify for Basic Interest per statement cycle requires: E-statements, completing at least 10 debit card purchases on this account, and maintaining direct deposit.
  2. Interest rate and APY may change in value at bank's discretion. Fees may reduce earnings.

Opening an account is easy with Extraco. You can open an account online, by phone, or in person at one of our financial centers. You must be at least 18 years of age, a U.S. citizen or U.S. resident alien, and a resident in the state of Texas to open your account online. You'll also need four items to complete the account opening process:

  • Social Security number
  • A valid form of identification, such as a Driver's license, State ID, Military ID or Passport
  • Previous home address, if you have lived at your current home address less than two years
  • Credit card, debit card, U.S. checking or savings account number and bank routing number to fund account(s) if opening online

Welcome to Extraco. It's what a bank should be.

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WHAT YOU NEED TO KNOW ABOUT OVERDRAFTS AND OVERDRAFT FEES

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:

  • We have standard overdraft practices that come with your account. If you wish to not have the standard overdraft practices please contact us.
  • We also offer overdraft protection plans, such as a link to a savings account, which may be less expensive than our standard overdraft practices. To learn more, speak with an Extraco relationship manager today.

What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number.
  • Automatic bill payments.
  • Checks converted to an electronic (ACH) transaction by the merchant or business.
We do not authorize and pay overdrafts for the following types of transactions, unless you ask us to:
  • ATM transactions.
  • Everyday debit card transactions.

Generally, accounts may become overdrawn to the maximum amount of $101. For accounts with at least $500 in direct deposits per statement cycle, it may be possible, upon request, for the $101 limit to be increased to $500.

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. With or without advance notice, overdraft service may be partially or entirely suspended or terminated, if: (a) overdrafts are not cleared or likely to be cleared for one full business day every 32 days; (b) in our opinion, overdrafts occurred or are likely to occur on other than the occasional inadvertent basis; (c) overdrafts in our judgment are used or likely to be used routinely or intentionally or as a continuing source of credit; or (d) deemed appropriate for any other reason at our sole discretion. If we do not authorize and pay an overdraft, your transaction will be declined.

Overdraft protection is provided as a customer service to cover occasional inadvertent overdrafts. It is not intended to be used for routine or intentional overdrafts or as a continual source of credit. Instead, the traditional lines of credit and other credit products that we offer should be used for such purposes.

What fees will be charged if Extraco Banks pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of up to $35 each time we pay an overdraft.
  • The total overdraft fees we will charge you for overdrawing your account will not exceed 4 overdraft fees per day.
A Return Item Fee for returning unpaid items or an Overdraft Item Fee for paying overdrafts may apply whether or not you are participating in the overdraft protection program.

 

1 We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. With or without advance notice, overdraft service may be partially or entirely suspended or terminated, if: (a) overdrafts are not cleared or likely to be cleared for one full business day every 32 days; (b) in our opinion, overdrafts occurred or are likely to occur on other than the occasional inadvertent basis; (c)overdrafts in our judgment are used or likely to be used routinely or intentionally or as a continuing source of credit; or (d) deemed appropriate for any other reason at our sole discretion.

Is there a limit to the amount of rewards I can earn?

Customers can earn up to $250.00 in cash back rewards per statement cycle on Bonus Banking.

Is there an annual fee for Bonus Banking?

No. There is no annual fee for Bonus Banking or the cash back reward program.

Is there a monthly service charge for Bonus Banking?

A monthly service charge of $0.00 to $7.95 will be charged on your account depending on how you bank. The monthly service charge is reduced by $1.99 for each banking option you participate in per statement cycle:

  • Use E-statements
  • Use Extraco Bill Pay
  • Use account debit card(s) at least 30 times per month
  • Maintain direct deposit
  • Be 65 years old or older
How often do I receive rewards on my Bonus Banking account?

Rewards are accrued throughout the month and deposited into your account at the end of the statement cycle. It is possible for you to earn any or all of the account rewards: full or partial waiver of the monthly service charge, 0.25% cash back on CREDIT or signature based debit card purchases, up to $20 in ATM fees refunded, and basic or premium interest on the account.

How do I earn rewards on my Bonus Banking account?

Depending on how you bank, it is possible to earn any or all of the following account rewards:

  • Full or partial waiver of the monthly service charge
  • 0.25% cash back on CREDIT or signature based debit card purchases
  • Up to $20 in ATM fees refunded
  • Basic or premium interest on the account
How do I open a Bonus Banking account?
  • Open an account online.
  • Call Customer Care at 1.866.EXTRACO
  • Visit a local Extraco Banks.
Do I have to keep a minimum balance in my Bonus Banking account?

No. There is no minimum balance required to maintain your Bonus Banking account.

What is Direct Deposit?

Direct Deposit is a free service that automatically deposits recurring income into your Extraco Banks checking account. This could be income you receive from your employer, Social Security, Pension, Retirement, Armed Forces, VA Benefits, Annuity, and/or Dividend Payments.