Offer value details
FirstBank describes FirstRewards Checking as a consumer checking account with no minimum opening deposit, no monthly minimum balance requirement, tiered interest, out-of-network ATM fee refunds each cycle, and no monthly service charge listed.
Qualification requirements
To qualify for the higher interest rates, FirstBank says the account must receive electronic statements, have at least 10 debit-card point-of-sale transactions post and settle in the statement cycle, and have one ACH debit or ACH credit post and clear during the monthly qualification cycle. ATM transactions do not count toward the 10 debit-card transactions.
Fees and costs
FirstBank lists no monthly service charge and no minimum balance required to accrue interest for FirstRewards Checking. Its legal-notices page links a Consumer Schedule of Fees and says overdraft charges can apply in some overdraft-transfer scenarios, so users should review the current schedule before opening or relying on fee assumptions.
Availability
FirstBank says FirstRewards Checking is available only to consumers and is limited to two FirstRewards accounts per primary account holder Social Security number. FirstBank describes 90 full-service branch locations and a team located in Tennessee, Kentucky, Alabama, Georgia, and North Carolina; account opening remains subject to FirstBank approval and current terms.
What to verify
- The APY is variable, and FirstBank says the rates were accurate as of 2026-02-19 and are subject to change after the account is opened.
- If monthly qualifications are not met, FirstBank says a base 0.01% interest rate with 0.01% APY applies to all balances.
- The 1.51% APY tier applies only to the portion of the daily balance up to and including $25,000 when requirements are met.
- The higher-rate qualification excludes ATM transactions from the 10 required debit-card point-of-sale transactions.
- Electronic statements are required for the product; opting out requires a move to another account type.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.