SBSU Cash Back Checking

SBSU Cash Back Checking is a checking account designed for everyday spending with debit card rewards. It offers 5% cash back on up to $200 in qualifying debit card purchases per monthly qualification cycle, allowing account holders to earn up to $10 per month or $120 per year.

To earn the cash back and receive up to $25 in ATM withdrawal fee refunds per month, you must complete 12 debit card transactions, two qualifying direct deposit or ACH transactions, and receive eStatements during the monthly qualification cycle. There is no monthly maintenance fee and no minimum balance required to earn the rewards.

This account can be part of a broader comparison if you are exploring options in Utah, including those featured in UtahFi’s Best Checking Accounts in Utah.

Quick Summary

Key Details

Basic Account Details

• Monthly fee: $0
• How to avoid the fee: No fee
• Minimum opening deposit: $20
• Minimum balance requirement: $0
• Interest-bearing or not: No

Access and Banking Tools

• Debit card: Visa
• Checks: Not stated
• Digital wallet: Apple Pay, Google Pay, Samsung Pay
• ATM access:Up to $25 in ATM withdrawal fee refunds per month when monthly qualifications are met
• Online banking: Yes
• Mobile banking: Yes
• Zelle or other P2P payments: Zelle available
• Online bill pay: Yes
• Account alerts: Yes
• Customer service: In-branch and phone support available
• Availability in Utah: Yes

Overdraft and Transaction Costs

• Overdraft fee: $25 per item (up to 4 per day)
• NSF fee: $25 per item (up to 4 per day)

SBSU Cash Back Checking combines reward-based checking with modern digital banking tools. To earn the cash back reward and ATM withdrawal fee refunds, you must complete 12 debit card transactions, two qualifying direct deposit or ACH transactions, and receive eStatements during the monthly qualification cycle.

The account also includes mobile check deposit and online bill pay, making it a fully functional primary checking account. When the monthly qualifications are met, you can earn 5% cash back on up to $200 in qualifying debit card purchases and receive up to $25 in ATM withdrawal fee refunds per month.

What This Account Offers

SBSU Cash Back Checking is designed for everyday spending with built-in rewards. When the monthly qualifications are met, the account earns 5% cash back on up to $200 in qualifying debit card purchases per monthly qualification cycle, for a maximum of $10 per month or $120 per year.

To qualify for the rewards, you must complete 12 debit card transactions, two qualifying direct deposit or ACH transactions, and receive eStatements during the monthly qualification cycle. There is no minimum balance required to earn the rewards.

Meeting the monthly qualifications also provides up to $25 in ATM withdrawal fee refunds per month. Combined with online and mobile banking, the account can function as a primary checking account for managing day-to-day finances.

Deposits in this account are insured by the FDIC through State Bank of Southern Utah for up to $250,000 per depositor, per ownership category. Learn more about how this protection works in our guide on what FDIC insurance means for Utah bank customers.

Fees to Know

How to Open the Account

You can open SBSU Cash Back Checking either online or by visiting a branch. The process involves completing an application, verifying your identity, and funding the account with the required opening deposit.

Opening online is typically the fastest option if you already have your documents ready. If you prefer guidance or have questions about how the cash back and reward requirements work, opening in person can be helpful.

Documents Needed

• Valid government-issued ID (such as a driver’s license or passport)
• Social Security Number or Tax Identification Number
• Proof of address if requested
• Minimum opening deposit of $20

If you want a step-by-step overview of the process, see how to open a bank account in Utah.

Pros and Cons

Pros

• $0 monthly fee
• Cash back rewards on debit card purchases
• No minimum balance required to earn rewards
• ATM fee refunds up to $25 per month when qualifications are met
• Local Utah bank presence

Cons

• Requirements needed to earn rewards
• Cash back limited to $10 per monthly qualification cycle
• Some features not clearly specified per account
• Fees can add up if overdrafts occur

Who This Account May Be Best For

SBSU Cash Back Checking may be a good fit for people who use their debit card frequently and want to earn cash back on everyday purchases. It can also work well for those who prefer a local bank in Southern Utah while still getting rewards from a checking account.

This account may not be the best choice if you prefer a simple, no-conditions account or if you do not consistently meet the activity requirements tied to earning rewards.

Check other options in our Best Checking Accounts in Utah if you are still comparing accounts.

Final Thoughts

SBSU Cash Back Checking offers cash back rewards on qualifying debit card purchases, which can add value if you actively use your debit card and meet the account requirements. It stands out more for how you use it than for being a completely hands-off checking option.

If you are comparing similar accounts, it may help to look at how this structure stacks up against other reward-based or flexible checking accounts available in Utah before deciding. If you want to learn more about State Bank of Southern Utah, read our SBSU profile.

Disclaimer:
This page is not affiliated with, maintained by, or sponsored by SBSU. Information may change after publication, so please verify details directly with the institution. UtahFi does not guarantee the accuracy of this content. The name and logo are trademarks of State Bank of Southern Utah.