Vertical Rewards Premier Checking Account Details

• $10,000 minimum opening deposit
• BankUnited customers enjoy free ATM transactions at all BankUnited and Allpoint ATM locations 3
• Complimentary standard size safe deposit box (subject to availability)
• Free first order of standard checks (shipping rates apply)
• $20 monthly fee

To avoid the monthly maintenance fee:

• Maintain an average daily balance of $10,000 in your Vertical Rewards Elite Checking Account during each statement cycle

How Vertical Rewards Premier Checking Works:

During the first three statement cycles following account opening (“Introductory Period”), have a direct deposit post to your account each statement cycle and receive interest rate rewards of 0.25% APY. 1

After the Introductory Period, your interest rate rewards will be determined as follows for each statement cycle with direct deposit: 1

• Earn 4.00% combined APY rewards when you make 7 or more qualifying transactions plus a direct deposit via ACH
• Earn 2.00% combined APY rewards when you make 4 to 6 qualifying transactions plus a direct deposit via ACH
• Earn 1.00% combined APY rewards when you make 1 to 3 qualifying transactions plus a direct deposit via ACH
• Account will earn 0.25% in interest regardless of the number of qualifying transactions on balances up to and including $250,000

What transactions qualify:

• Additional direct deposits via ACH
• Automatic debits via ACH
• Point of sale transactions using a BankUnited VISA® debit card
• Checks posting to and clearing from your account

1. A Vertical Rewards Elite Checking Account (the “Account”) is a variable interest rate account. During the first 3 statement cycles following account opening (the “Introductory Period”), the annual percentage yield (“APY”) for daily collected balances, up to and including $250,000, may be a maximum of 0.80% APY, provided that a direct deposit via ACH has posted to the Account each statement cycle. If a direct deposit does not post to the Account during a statement cycle during the Introductory Period, all daily collected balances, up to and including $250,000, will earn the base interest rate of .05% APY (“Base Interest Rate”) for that statement cycle, and the Account will still be eligible to earn rewards during the next cycle. After the Introductory Period, the APY on daily collected balances, up to and including $250,000, in the Account may range from .05% APY to 0.80% APY depending upon (i) a direct deposit via ACH posting to the Account and (ii) the number of qualifying banking services (“Qualifying Services”) performed each statement cycle. If the direct deposit and/or the minimum number of Qualifying Services are not met during a statement cycle, all daily collected balances, up to and including $250,000, will earn the Base Interest Rate for that statement cycle. APYs stated herein are accurate as of 5/8/2020. APYs stated herein are established by BankUnited, N.A. (“BankUnited”) in its sole discretion and may change at any time. Balances greater than $250,000 are not eligible to, and will not, earn interest or rewards. Minimum opening deposit is $5,000. Transactions must post and settle to the Account during the applicable statement cycle. Banking services transactions may take one or more business days from the transaction date to post to the Account. A $20 monthly maintenance fee will be assessed if the average balance in the Account falls below $5,000 during a statement cycle. A $15 early closeout fee will be assessed if the Account is closed within 6 months of the account opening date. Fees may reduce earnings. Additional fees, terms and conditions apply. Please refer to our applicable product disclosures, Depositors Agreement and Schedule of Fees for additional information. BankUnited reserves the right to cancel or modify this offer at any time without notice. Offer is for new consumer accounts only. Please contact a BankUnited representative for additional details.
2. For a list of qualified medical expenses, please refer to Internal Revenue Service Publication 502 available at www.irs.gov.
3. A $2.50 fee will be charged for each transaction performed at a non-proprietary ATM that is not within the Allpoint Network. Fees charged by the ATM owner/operator may also apply.
4. Distributions used for non-qualified medical expenses will be taxable and may be subject to penalties. BankUnited does not offer legal, tax or accounting advice. Please consult your tax advisor for questions concerning your personal situation.
5. To be eligible for a health savings account, you must be enrolled in a high-deductible health plan that meets IRS guidelines for the annual deductible and out-of-pocket maximum. Additional eligibility requirements and contribution limits apply.

A $15 early closeout fee will be assessed if the Account is closed within 6 months of the account opening date. Fees may reduce earnings. Additional fees, terms and conditions apply.

Please refer to our applicable product disclosures, Depositor's Agreement, Funds Availability Disclosure and Schedule of Fees for additional information.