Rabobank, N.A. launched a new program that automatically rewards customers for their everyday banking. Much like an airline or hotel loyalty program, Rabobank Rewards Banking customers automatically earn higher rates and free services, save with loan discounts and get money back.
“Rewards banking is unique in that you qualify for benefits by how you actively use your account or by the traditional bank method – the size of your balance,” said Harry Wardwell, regional president.
Customers can earn up to 0.20 percent extra on their CD and money market rates, save up to $750 off a mortgage appraisal, and receive reimbursements for overdraft fees and fees for using non-Rabobank ATMs. Customers can qualify for rewards based on using direct deposit, receiving eStatements and eBills, paying bills online, using their debit or credit card and even for being a loyal customer over the years.
“We’ve made it easier for customers in Gilroy and Hollister to do most, if not all, of their banking with us and now we can reward them automatically for doing so,” said Wardwell.
Rabobank also offers a free SwitchAgent service which greatly simplifies moving a customer’s checking account, including online bill payments and automatic debits, from their existing bank to Rabobank.