Evantage Bank is running a rewards checking program which pays 5.25% APY for balances through $25K and 2.25% for amounts above the cap. The Evantage Bank is the internet banking division of the Southwest State Bank.

The best reward checking account program also refunds ATM fees globally each month if the account holder opts to get electronic statements and completes at least 10 purchases using the check card. No interest will be paid if these conditions are not met.

The checking account does not require any minimum fee and does not impose any maintenance fees. The offer is good for any resident of any state for consumers 18 years old and above.

Application for the reward checking program can be accomplished online. It takes around 5 business days to complete the opening an account depending on how the consumer funds the account. Client may mail a check or do an electronic ACH funding.

The online bank also offers bad credit or no credit individuals a specifically designed checking program to meet their needs. Evantage coined it Your Approved Checking which has a service fee of $5 every month. This checking account does not gain any interest.

The Southwest State Bank has assets amounting to $119 million and deposits of $61 million. The BauerFinancial and bankrate.com both issued a 4-star rating for this small bank in Oklahoma. The bank is insured with the FDIC since 1934.