Bitcoin Rewards Checking

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Bitcoin Rewards Checking

GET 1.5% BITCOIN ON ALL
ELIGIBLE DEBIT CARD PURCHASES1

Introducing Bitcoin Rewards Checking from Quontic Bank – the first of its kind. Minimum opening deposit of $500. We’re launching in select states to start.

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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
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Crypto Is Complicated...
This Account Is Not

Bitcoin Rewards card with Bitcoin symbols

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.

Eligible States

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming. We will be adding additional states in the future.

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 and then be used to purchase Bitcoin on your behalf on the following business day at 4pm London Time. As long as you continue to make qualifying purchases with your Quontic debit card, each daily Bitcoin purchase will be added to your balance in your NYDIG account until you decide to redeem it.

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. The Bank reserves the right to offset any Bitcoin Reward posted to your Bitcoin Rewards Checking Account based on any such transaction reversal or chargeback.

Point of sale transactions using your debit card will earn Bitcoin rewards. This includes purchases in-store and online. ATM withdrawals, transfers, bill payments, writing checks, ACH payments, and wire transfers will not earn Bitcoin rewards.

No your Bitcoin rewards will not expire as long as you keep your Bitcoin Rewards checking account open. 

The dollar to Bitcoin value fluctuates and the market price is based on an exchange price.

The checking account and the money in your checking account are FDIC insured2, but the bitcoin held by NYDIG, is not FDIC insured.

No, receipt of bitcoin rewards received from Quontic Bank in exchange for eligible debit card transactions are not taxable to you. There may be a tax liability associated with your sale or transfer of bitcoins. Please consult with your tax advisor.

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.

Yes, you will receive a debit card after opening and funding your account.

You cannot purchase additional bitcoin from NYDIG related to your Quontic Bitcoin Rewards Checking account.

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What You Get

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Access To 90,000+ ATMs, And Online Banking

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90,000+ ATMs Across the Nation

Payment options: Apple Pay, Google Pay, Samsung Pay, Zelle

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. Mobile app coming soon.

Payment options: Apple Pay, Google Pay, Samsung Pay, Zelle
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Insured And Secured

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Insured And Secured

Rest easy when you bank with Quontic. All 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.
Steve Schnall

Our CEO, Steve Schnall,
On Bitcoin Rewards Checking

Why did we create Bitcoin
Rewards Checking?

Quontic exists to break from the traditional banking mold and offer its customers something that is unique. With most checking accounts, banks earn “interchange fees” every time a customer uses its debit card and they typically offer nothing to the customer in return. Instead, Quontic is essentially passing these earnings on to its customers in the form of Bitcoin.

What Makes Bitcoin Rewards
Checking so groundbreaking?

Our Bitcoin Rewards Checking account has no monthly service fees and is the first debit card in the US which rewards consumers with Bitcoin. As compared to other rewards – airline miles or credit card points – Bitcoin rewards has the opportunity to appreciate. Also, Bitcoin Rewards Checking gives those customers new to cryptocurrency the opportunity to earn free Bitcoin simply by banking with us and using their debit card.

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We Use Our Deposits For Good

With Quontic, you’re more than just an account number. You’re a partner on our mission. We’re the bank for the innovators, the groundbreakers and the underdogs who define their own financial story. We use the deposits from our award-winning and highly rated accounts to bring the dream of homeownership to low-income families, immigrants, people of color, small business owners, and others who are unable to obtain home mortgage financing through traditional mortgage channels. Join us – open a Quontic checking account today.

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”). 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 Rewards Checking has geographic, regulatory, and other restrictions that may apply. Bitcoin Reward Checking is currently available in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

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’s User Agreement 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’s User Agreement. 

Information is published as of September 17, 2021.

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