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Leader Bank Zeugma Rewards Account (MA only?)

Leader Bank Zeugma Rewards Account (MA only?)

Old Feb 2, 14, 12:30 pm
  #1  
Original Poster
 
Join Date: May 2012
Location: New England
Programs: DL PM, HH Gold, the rest come and go
Posts: 313
Leader Bank Zeugma Rewards Account (MA only?)

I don't have one of these accounts, but it seems potentially exploitable using Square Cash, Evolve, BB, Venmo:

https://leaderbank.com/PersonalBanking/Zeugma.aspx

ZEUGMA CHECKING
Earn up to
1% CASH BACK
on debit card purchases*

ZEUGMA SAVINGS
2.05% APY*
on balances up to $50,000

Qualifying for Zeugma Rewards is easy:

1) Receive monthly direct deposit.
2) Make at least 5 debit transactions every month.
3) Sign up for eStatements.

Anyone have any experience with them?
sgideons is offline  
Old Feb 2, 14, 12:36 pm
  #2  
 
Join Date: Oct 2013
Location: WAS
Programs: SPG Plat. Marriott Plat. Hilton Diamond. Hyatt Diamond. IHG Plat.
Posts: 2,576
Not really enticing seeing as you'll take a Hard Pull just to even test out the product.
f0xx is offline  
Old Feb 2, 14, 1:11 pm
  #3  
Original Poster
 
Join Date: May 2012
Location: New England
Programs: DL PM, HH Gold, the rest come and go
Posts: 313
Originally Posted by f0xx View Post
Not really enticing seeing as you'll take a Hard Pull just to even test out the product.
It's a checking/saving product; there shouldn't be any pull besides ChexSystems.
sgideons is offline  
Old Feb 2, 14, 2:10 pm
  #4  
 
Join Date: Apr 2013
Posts: 68
Thanks OP, I just applied. I am in MA.
Luvs2Sav12 is offline  
Old Feb 2, 14, 2:26 pm
  #5  
 
Join Date: Apr 2012
Posts: 1,183
1% is only for signature purchases. Excludes most interesting options.
gloreglabert is offline  
Old Feb 2, 14, 2:29 pm
  #6  
 
Join Date: Nov 2011
Posts: 1,942
Originally Posted by sgideons View Post
I don't have one of these accounts, but it seems potentially exploitable using Square Cash, Evolve, BB, Venmo:

https://leaderbank.com/PersonalBanking/Zeugma.aspx

ZEUGMA CHECKING
Earn up to
1% CASH BACK
on debit card purchases*

ZEUGMA SAVINGS
2.05% APY*
on balances up to $50,000

Qualifying for Zeugma Rewards is easy:

1) Receive monthly direct deposit.
2) Make at least 5 debit transactions every month.
3) Sign up for eStatements.

Anyone have any experience with them?
Don't get how you would exploit this, more than a 1% card. Must be missing something!

The savings rate is good (50K cap is higher than many) but these rates tend to go way down after a short period.
silver6054 is offline  

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