Offer value details
BankUnited describes Vertical Rewards Premier Checking as a rewards checking account with conditional APY tiers based on ACH direct deposit and qualifying banking-service transactions.
Qualification requirements
BankUnited says the first three statement cycles can earn the listed 3.00% APY on daily collected balances up to and including $250,000 when an ACH direct deposit posts each statement cycle. After the introductory period, the account may earn 0.25% to 3.00% APY depending on ACH direct deposit and at least seven additional qualifying banking-service transactions during the statement cycle.
Fees and costs
BankUnited lists a $20 monthly maintenance fee if the average balance in the account falls below $10,000 during a statement cycle. Its consumer fee schedule also lists other possible charges, including a $2.50 non-BankUnited ATM fee, stop-payment fees, wire fees, dormant-account fees, and other service charges.
Availability
BankUnited's site asks users to select Florida, New York, or Texas for product information, and its location page describes locations across Florida, the New York metropolitan area, and Texas. The account is for new consumer accounts only and is subject to account approval and official terms.
What to verify
- The APY is variable, and BankUnited states the listed APYs were accurate as of 2025-02-10.
- Balances greater than $250,000 are not eligible to earn interest or rewards under the reviewed product-page terms.
- After the introductory period, the highest APY requires ACH direct deposit and at least seven additional qualifying banking-service transactions in the statement cycle.
- The account requires a $10,000 minimum opening deposit and has a $20 monthly maintenance fee if the average balance falls below $10,000.
- BankUnited reserves the right to cancel or modify the offer at any time without notice.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.