Stock Rewards are Like Cash Back, But Better
Cash is nice, but its worth remains the same. Stock rewards can help your cash become something greater, growing in value as companies make money over time.
You’ve probably heard of cash back checking accounts, which rewards account holders with a percentage of their debit card purchases credited back to their account. Unlike traditional or interest-bearing checking accounts, a cash back checking account incentivizes everyday spending.
OMB’s Stock Rewards Checking account is similar, but instead of receiving cash back directly into your account the rewards you receive can be redeemed for fractional shares of popular stocks.
It’s a revolutionary account that combines the best of banking with the wealth-building of stock market participation. With all the amenities of an OMB checking account like digital banking, eStatements, remote check deposit and Bill Pay, plus the ability to easily redeem for stock shares, it’s a game changer for your finances.
Customers earn back 5% of their daily debit card purchases, up to $5 each month, redeemable for fractional shares of popular stocks. Account balances above $2,500 at month-end earn an addtional $10 in stock rewards. Here's how it works:
Select your active stock from our list of popular companies — don’t worry, you can change it at any time.
Use your debit card for gas, groceries, shopping and all your everyday purchases.
Receive redeemable rewards: Each debit card purchase earns 5% back, up to $5, to be invested as fractional shares in your active stock pick.
When your active stock pick reaches $5 in rewards, you’re ready to buy a fractional share of that stock!
While the stock market boasts thousands of publicly traded companies, this account keeps market participation simple by allowing customers to choose from a shortlist of favorites, from tech giants to industry titans and even a couple stemming from our southwest Missouri roots.
By combining everyday spending with simple investing, this unique account not only encourages financial literacy and stock market awareness but enables customers to tailor their upstart investment portfolio according to their preferences. With the potential for continuous growth and diversification, customers can harness the power of their debit card to gradually build a robust investment profile. This thoughtful approach strikes a balance between encouraging regular spending and responsible financial management.
Moreover, the simplicity and convenience of OMB Stock Rewards Checking makes it an appealing option for customers seeking a seamless banking experience. Online account opening is straightforward and takes just a few minutes, plus customers can easily fund the $25 minimum to open from an existing bank account or a credit card for a hassle-free transition.
OMB’s best-in-class mobile banking app allows customers to manage their rewards on the go, providing real-time updates and insights into their investment progress. With OMB’s dedication to customer service and award-worthy digital banking solutions, customers can enjoy a seamless and transparent experience that aligns with their financial goals.
Thanks to rewards partner Bits of Stock, OMB Stock Rewards Checking takes modern banking to a completely new level. By seamlessly integrating stock rewards into everyday spending, OMB enables customers to take control of their financial journey and embrace stock market participation with confidence.
