Bitcoin Rewards Checking
ELIGIBLE DEBIT CARD PURCHASES1
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Frequently Asked Questions
How do the rewards accrue?
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.
Is there a fee to sell my bitcoin?
What types of transactions will earn Bitcoin rewards?
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.
Do I get a debit card with a Bitcoin Rewards Checking account?
Are my Bitcoin Rewards taxable?
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.
Can I purchase more bitcoin from NYDIG?
No, you cannot purchase additional bitcoin from NYDIG through the NYDIG Account associated with your Quontic Bitcoin Rewards Checking account.
How much is my bitcoin worth?
Is my NYDIG account FDIC insured?
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.

Crypto is complicated...
This account is not

Crypto is complicated... This account is not
Diversify with Bitcoin Rewards Checking
An easy way to get into crypto
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
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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
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