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RedWallet® Cash Back

Get 2%* cash back on your day-to-day debit card purchases

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See what our members are saying about us.

Maine Savings has been extremely helpful in every aspect that I have expected them to be. They go above and beyond and are very down to earth. Highly recommended!!!!

– Colby C.
I brought my 15 year old daughter in to open her first bank account in anticipation of her starting her first job this month. Lexi was fantastic to deal with. She showed an interest in helping her to understand how banking works and the whole team at the branch congratulated her on starting a new job.

– Benjamin S.
The absolute best credit union around. We’ve been members since 2008 and won’t do our banking anywhere else. The staff here, from the tellers all the way up to the VP of Member Services, are simply amazing and truly go above and beyond to ensure that their members are well taken care of. If there is ever an issue, they are extremely responsive and quick to resolve it. I can’t recommend this credit union enough!

– Johanna W.
I am always very impressed by the professionalism, kindness and the time the team at Maine Savings takes to make sure I feel valued, heard, and supported with my financial planning. They always go above and beyond to make sure all my questions are answered. I would recommend this team and credit union to anyone!

– Michele B.

Overview

About RedWallet® Cash Back

We’re all about putting money back in your pocket. Start earning 2%* cash back on your day-to-day debit card purchases with the account that pays.

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Benefits

Get the most out of your account

Minimum Deposit to Open: $20
Minimum Balance to Maintain: None
ATM Refunds: Nationwide**
Monthly Service Fees: None
Unlimited Check Writing: Unlimited check writing with first box on us***
Debit Card: Free Visa® RedWallet® Debit Card
Digital Banking: Yes
eStatements: Yes
Overdraft Protection: Available to qualified members

Qualify

What are the qualifications?

You’ll need to qualify each month to get your rewards. But it’s so easy, you’re probably already doing it!

To earn your rewards, simply do the following each monthly qualification cycle:

Have at least 12 debit card purchases post and settle
Be enrolled and receive eStatements (and maintain a valid email address)
Be enrolled and log into Online or Mobile Banking

If you don’t qualify in a given month, don’t worry there is no penalty! Your checking account is still completely free and you may qualify for rewards next month.

Additional Details

*Receive 2% cash back on your debit card purchases that post to and settle against your account during the monthly qualification cycle; up to a total cash back of $8 per monthly qualification cycle.

**If qualifications are met, domestic ATM fees incurred during qualification cycle will be reimbursed and credited to account on the last day of monthly statement cycle. Qualifying transactions must post to and settle account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle an account. ATM-processed transactions do not count towards qualifying debit card purchases. “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle.

***With verification of income, your first box of basic checks will be paid for by Maine Savings.

RedWallet® Debit Card

As a RedWallet® account holder, this card is your go-to connection to your cash. Whether you’re making purchases in-person or online, each transaction will help you rack up the rewards that your checking account offers.

Explore RedWallet Debit Cards

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Personal Highlights

RedWallet® Cash Back Checking
Start earning 2% cash back on daily debit card purchases.

RedWallet® Cash Back Checking

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Digital Wallet
All Maine Savings cards,debit and credit, are available for use with digital wallets.

Digital Wallet

Lost or Stolen Card
Click here if your Maine Savings credit card or debit card has been lost or stolen.

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Why use a credit union?

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RedWallet® Cash Back FAQ

What is a rewards checking account?

How does RedWallet® Cash Back work?

How do I qualify for RedWallet® Cash Back rewards?

Does RedWallet® Cash Back have monthly fees?

Is there a minimum balance required for RedWallet® Cash Back?

Can I open a RedWallet® Cash Back account online?

Do I get a debit card with RedWallet® Cash Back?

Can I use Digital Banking with RedWallet® Cash Back?

What’s the difference between RedWallet® Cash and RedWallet® Cash Back?

Why choose a credit union checking account instead of a bank?

A rewards checking account gives you added benefits for everyday purchases such as cash back on purchases when account qualifications are met.

RedWallet® Cash Back allows you to earn 2%* cash back on your day-to-day purchases, while still giving you everyday access to your money through debit card purchases and digital banking.

To qualify during each monthly qualification cycle, you must complete at least 12 debit card purchases, be enrolled to receive eStatements, and log in to Digital Banking at least once a month. If qualifications are not met, your account will be converted into a RedWallet® Classic checking account. You will keep all benefits of your account except you will no longer earn APY on purchases.

No. RedWallet® Cash Back does not have any monthly fees.

There is no minimum balance required to maintain your account. The minimum deposit needed to open the account is $20.

Yes. You can open a RedWallet® Cash Back account online or at one of our branch locations.

Yes. RedWallet® account holders can receive a free Visa® debit card that can be used for everyday purchases, online shopping, and ATM access.

Yes. You can access and manage your account via Digital Banking on web or mobile app.

RedWallet® Cash allows you to earn 2.00% APY* on balances up to $10,000 while RedWallet® Cash Back allows you to earn 2%* cash back on purchases. Typically, RedWallet® Cash is better if you maintain a high monthly balance in your account, while RedWallet® Cash Back is better if you maintain a lower balance.

Credit unions are member-focused financial institutions and often provide competitive rates, personalized service, and flexible lending options compared to traditional banks.