Bitcoin Rewards Checking

GET 1.50% BITCOIN ON ALL
ELIGIBLE DEBIT CARD PURCHASES1
Bitcoin Rewards Checking from Quontic Bank is the first of its kind. Innovation comes with convenience, with no overdraft or non-sufficient fund fees. Minimum opening deposit of $500. Available in every U.S. state except Hawaii and North Carolina.
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The checking account and the money in your checking account are FDIC insured, but the Bitcoin held by NYDIG, is not FDIC insured.2

Frequently Asked Questions

On a daily basis, 1.5% of each Qualified Point of Sale (POS) purchase with your Quontic debit card will accrue in US dollars as rewards which will then be used to purchase bitcoin on your behalf on the following business day at 4pm London Time.

Please note that a POS debit card transaction MUST post and settle on your account to be a Qualifying POS Debit Card Transaction. Transactions may NOT be in a pending status to be a Qualifying POS Debit Card Transaction. 

Point of sale transactions using your debit card will earn bitcoin rewards. This includes purchases in-store and online.

ATM withdrawals, transfers, bill payments, ACH payments, and wire transfers will not earn bitcoin rewards.

Yes, you can opt in to receive a debit card after opening and funding your account.

The receipt of rewards received from Quontic Bank in exchange for eligible debit card transactions is not taxable to you. However, there may be a tax liability associated with your sale of bitcoin from your NYDIG Account. Please consult with your tax advisor for information specific to your circumstances.

No, you cannot purchase additional bitcoin from NYDIG through the NYDIG Account associated with your Quontic Bitcoin Rewards Checking account.

The price of a bitcoin is determined by supply and demand. When demand for bitcoin increases, the price increases, and when demand falls, the price falls. When you sell bitcoin in your NYDIG Account, the price at which your sale order will be executed is the CME CF Bitcoin Reference Rate (BRR) as of 4:00 p.m. London Time on the day your sale order is executed (typically the day after your sale order is placed).
NYDIG charges a 2% fee to redeem your bitcoin into cash. This will be deducted from the proceeds of the redemption before NYDIG transfers the proceeds to your Bitcoin Rewards Checking account with Quontic. Quontic does not charge any additional fees to redeem your bitcoin.

No. Bitcoin balances in your NYDIG bitcoin account are not insured by the Federal Deposit Insurance Corporation (FDIC), National Credit Union Association (NCUA), the Securities Investor Protection Corporation (SIPC), or any other public or private insurer. 

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Crypto is complicated...
This account is not

Crypto is complicated... This account is not

Diversify with Bitcoin Rewards Checking

Cryptocurrency has the ability to increase in value over time. The more you spend, the more rewards you earn.

An easy way to get into crypto

No need to be an investment tycoon or mine your own crypto. With the Bitcoin Rewards Checking account, earn BTC passively and in the simplest way possible, swiping your card.

The first of its kind

Quontic’s bitcoin bank account is bringing an innovative approach to debit card rewards programs and bringing the power of crypto to your everyday life.

What you get

No pockets no problem

With the Quontic Pay Ring, always have access
to your money with this payment wearable.
Leave your debit card behind and embrace the
future of payments.

Access to 90,000+ ATMs, and online banking

90,000+ ATMs across the nation

Enjoy the convenience of banking on your terms—whenever you want, anytime you want with our online banking platform. Features like remote check deposit, bill pay, account transfers, and receipt tracking make managing your finances easy.

Insured and secured

Insured and secured

Rest easy when you bank with Quontic. All eligible accounts are FDIC insured2 and include advanced security monitoring. You can lock and unlock your debit card online and are fully protected against unauthorized debit card transactions.

Banking with a purpose

With Quontic, you’re more than just an account number. You’re a partner on our mission. As a CDFI, we’re the bank that helps bring the dream of homeownership to low-income families, immigrants, people of color, small business owners, and others who are unable to obtain mortgage financing through traditional lenders. Feel good about who you bank with.

Disclaimer:

Ask for details. Additional terms, conditions, fees & exclusions may apply. Rates may change without notice. Some accounts may require a minimum average daily balance for the statement cycle to avoid service charges. If the account is closed before interest and/or bonus is credited, accrued interest and/or bonus may be forfeited for that statement cycle. Fees could reduce earnings. In order to sign up for online banking, you must have a Quontic Bank account. Mobile banking requires enrollment through online banking. Data connection required. Wireless carrier fees may apply. There is no charge from Quontic Bank for account alerts, but message & data rates may apply. Mobile check deposit is available for select mobile devices. Subject to eligibility & further review. Deposits are subject to verification & not available for immediate withdrawal. Deposit limits & other restrictions may apply. Online Account Opening is only available to consumers. Ask for details. Data connection required to open an account online. Wireless carrier fees may apply. Application is subject to approval & further review. Information is accurate as of the date listed below and may change without notice.

1Bitcoin Reward Checking account is a non-interest bearing personal checking account, requires a minimum of $500.00 to open the account, and does not require a minimum daily balance to earn Bitcoin rewards. Qualifying Point of Sale (POS) Debit Card Transactions (“Eligible Debit Card Transactions”) shall receive Bitcoin Rewards at the U.S. dollar value of 1.50% on all Qualifying POS Debit Card Transactions that post and settle to the Bitcoin Rewards Checking Account. Fees and terms are subject to change. Additional terms and conditions may apply. No Bitcoin Rewards will be paid if the Qualifying POS Debit Card Transaction requirements are not met or if the requirements for establishing an account with NYDIG Execution LLC (“NYDIG Account”) are not met. The following are not Qualifying POS Debit Card Transactions and do not count toward earning Bitcoin Rewards: ATM-processed transactions; transfers between accounts; purchases made with debit cards not issued by the Bank; cash over portions of POS transactions; Peer-to-Peer (P2P) payments (such as Apple Pay Cash); loan payments or account funding made with your debit card and purchases made using third-party payment accounts (services such as Venmo®️ and PayPal™️, who also provide P2P payments). Transactions may take one or more business days from the date the transaction was made to post and settle to an account. Bitcoin earned through this program can only be sold and redeemed for cash and cannot be transferred or spent.

Bitcoin execution and custody services are provided by NYDIG Execution LLC (“NYDIG”). NYDIG is authorized by the New York State Department of Financial Services to engage in virtual currency business activity. To receive bitcoin services an account will be opened with NYDIG in which your bitcoin will be held (the “NYDIG Account”). Please refer to NYDIG Terms and Conditions for more information, including applicable eligibility criteria. Bitcoin balances in your NYDIG Account are not insured by the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC), or any other public or private insurer. NYDIG does not make any recommendations regarding buying or selling bitcoin. There are risks associated with bitcoin trading, including possible loss of value. See NYDIG Terms and Conditions. Individual transactions in the rewards program are not recorded on the blockchain.

Information is published as of November 29, 2022.

2FDIC insurance is applicable to eligible deposit accounts and up to the maximum allowed by law. Learn more at FDIC: Deposit Insurance

Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries. ©2018 Google LLC, used with permission. Google Pay and the Google Pay logo are trademarks of Google LLC.  The Samsung Pay® logo is a registered trademark of Samsung Electronics Co., Ltd. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. Mastercard is a registered trademark of Mastercard International Incorporated.

Bankrate is a registered trademark of Bankrate, LLC. Forbes is a registered trademark of Forbes LLC. SmartAsset is a registered trademark of Financial Insight Technology, Inc. NerdWallet is a registered trademark of NerdWallet, Inc.