1% Cash Back

  • There’s nothing like being rewarded for paying on time automatically. 


    At Bank Independent, we appreciate your business. Just one way we show our appreciation is through our radically original new cash back program.

    It's as easy as 1-2-3

    1. Checking – Have or open a Bank Independent personal or business checking account.

    2. Automatic Payment – Have an installment loan payment automatically deducted from your Bank Independent checking account each month. All new and renewed installment loans qualify for the cash back incentive. *

    3. Pay On Time – If all your auto-debit payments are made on time between January 1st and December 31st each year, you will receive a credit to your checking account equal to 1% of your normal principal and interest payments (balloon payments are excluded) by February 28th of the following year. 


    Any payments made between the date your first auto debit payment is made on a qualifying loan and December 31st of that same year will be included in calculating the initial February 28th annual payout. If there are insufficient funds in your checking account to make any payment when scheduled, you will be ineligible for the cash back program during that program year. Any late payments or events of default (as defined in your Promissory Note and/or other loan documentation) during the year disqualify you for that year’s bonus. Your checking account must be open and your auto debit active on February 28th to receive the cash back credit into your checking account. The cash back incentive applies to all new or existing, checking accounts and any consumer or commercial installment loan with a maturity date of at least one year that is opened on or after 6/22/2012. There is no minimum balance requirement to obtain the cash back incentive. Maximum cash back amount per individual is $500. Please see a Personal Banker for minimum balance requirements on Bank Independent’s checking accounts. Interest rates and Annual Percentage Yields (APYs) for checking accounts vary. Please see a Personal Banker for details. There is no minimum balance to earn the APY. All rates are effective as of date quoted. Fees may reduce earnings on the account.

     *Lines of Credit and single payment loans are excluded. Loans not serviced by Bank Independent are excluded.
    Visit Cash Back for Loans Not Serviced by Bank Independent for more information. 

    Normal credit criteria apply.