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Updated: 05/23/2023

Eligibility for “Active Accountholder” or “Active Account”

Upgrade offers a variety of benefits, including additional rewards, higher interest on savings accounts, discounts on other products, and more, for customers with Rewards Checking Plus and, if applicable, Performance Savings accounts (each, an “Account”), who have Active Accountholder or Active Account status, defined below.

Each month, we will determine whether You qualified as a “Active Accountholder” (in the case of the Account, an “Active Account”) during the previous full calendar month based on the following activities (the “Qualifying Activities”):

Eligible Direct Deposits

Received at least $1000 or more of Direct Deposits in your Account(s) through Upgrade

An “Eligible Direct Deposit” is a recurring deposit to your Account by Automated Clearing House (“ACH”) from your employer, payroll, or benefits provider, or gig economy payer OR a deposit by Original Credit Transaction (“OCT”) from your gig economy payer. One-time direct deposits, including tax refunds, bank ACH transfers, bank verification or trial deposits, peer-to-peer transfers from services, such as PayPal or Venmo, merchant transactions, mobile check deposits, and cash loads or deposits are not Eligible Direct Deposits.

We may revise and update these Active Accountholder terms from time to time, including the Qualifying Activities, at our sole discretion. All changes are effective immediately when we post them on this page, provided that we will notify you of any such change when required by applicable law. Please check this page regularly so you are aware of any changes.

Learn more about Rewards Checking Plus