Cash Back Checking Account: A Guide

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is a Rewards Checking Account?
Earning interest on your balance each month Getting cash back on purchases you make with your debit card Getting reimbursed for out-of-network ATM fees Earning bonus points/travel miles Getting discounts on certain purchases
How Do Cash Back Checking Accounts Work?
How Much Can You Earn With a Checking Rewards Account?
Pros of a Rewards Checking Account
Earn Cash Back
No Annual Fee
Earn Interest
Avoid Overspending
Grow your Savings Account
Cons of a Rewards Checking Account
Fees
Strict Requirements
Rewards May Be Limited
Better Deals Elsewhere
Credit Cards Offer More Consumer Protection
Is a Rewards Checking Account Right For Me?
The Takeaway
Frequently Asked Questions
Photo credit: iStock/tonefotografia
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About the Author
Chris Alexis has been putting pen to paper and fingertips to keyboard since his youth. He ultimately grew into an accomplished and award-winning writer who loves using the power of language to connect with audiences. He also strongly enjoys learning about who he is writing for so he can create something that will truly resonate with them. He has worked for a variety of companies, each of which have given him more experience and insight.
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