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Incentive Checking

A Novation Incentive Checking account is a free, interest-earning spending account. It definitely pays to have Incentive Checking! You can earn 1.50% APY* each monthly cycle on balances up to $25,000. To earn interest, simply

  • Receive eStatements.
  • Enroll in payroll direct deposit.
  • Make at least 12 Novation Visa® Debit OR Credit Card purchases.

Besides earning interest, Incentive Checking also offers many other great benefits:

  • No monthly fees
  • No minimum balance requirements
  • Free Visa contactless Debit Card with Purchase Rewards®
  • Free online, mobile & tablet banking
  • Online and mobile debit card management—download our NovationCards app
  • Access to 35,000+ surcharge-free ATMs nationwide
Click here for a complete disclosure statement and monthly cycle dates.
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  • It’s the fastest, most convenient way to safely deposit your paycheck.
  • Get rid of paper and receive your monthly Novation account statement by email. eStatements are safe, secure and you will receive them faster than if sent by mail.
Entering PIN number into ATM

Purchase Rewards

You can turn your debit card purchases into real cash by taking advantage of Purchase Rewards offers within eBranch and our Mobile Banking apps. Simply log in to your account and under Purchase Rewards, you will find offers chosen for you based on your shopping habits and you click which offers you want to add. You will shop as normal—just make sure you use your Novation debit card! You will receive your cash back at the end of the following month. Click here for a list of merchants you may see offers from.


*APY = Annual Percentage Yield. Rates effective May 31, 2023 and subject to change without notice. To receive dividends you must meet the following requirements per month: (1) one payroll direct deposit, (2) must be enrolled in eStatements with valid email address and (3) 12 Novation debit OR credit card purchase transactions that must average at least $5, excluding cash advances, ATM transactions, returned purchases, disputed or unauthorized/fraudulent transactions, or fees caused by card use. Debit and credit card transactions CANNOT be combined to meet the 12 transactions minimum. Accounts that meet the requirements will receive dividends on balances up to $25,000. No dividends earned if requirements are not met or for balances in excess of $25,000. Rates and program subject to change.