To be eligible for the Verizon + Openbank Savings offer, you must meet both the Verizon requirements and the Openbank requirements below.

• Verizon requirements:
  
  
  • To be eligible to apply for the Verizon + Openbank Savings offer and receive the Verizon bill credit, you must have a Verizon mobile Postpaid account with up to 12 phone lines maximum (depending on your plan) or a 5G Home Internet or LTE Home Internet
  • Customers with a Verizon Prepaid account or Verizon mobile Business account aren’t eligible to apply for Verizon + Openbank Savings
  • Customers with Verizon Fios and Fios Business accounts are also not eligible to apply for Verizon + Openbank Savings
  • To be eligible, applicants must begin by signing in to their Verizon account here and follow instructions for each step of the Verizon + Openbank Savings account application process
    
    
• Openbank requirements:
  
  
  • For complete eligibility rules for high-yield savings accounts at Openbank, click here
  • Please note: if you already have an existing High Yield Savings account at Openbank, you are not required to close that account if you also wish to participate in Verizon + Openbank Savings

For details on eligibility for the Bill Credit, see details explained below in "What bill credits can I receive on my Verizon mobile bill with the Verizon + Openbank Savings offer?"

There are a few ways for current Verizon customers to participate in Verizon + Openbank Savings. Customers with Verizon mobile accounts of up to 12 phone lines maximum (depending on your plan) or a 5G Home Internet or LTE Home Internet account can apply by:

• Visiting the Verizon + Openbank Savings page on Verizon’s website or mobile app and, from there, following directions to get started.
• Opening their My Verizon app. On the Account menu, scroll down to the Discover more section and look for the Verizon + Openbank Savings offer tile ad. Click on the tile and you will be taken to Verizon’s mobile landing page to learn more and apply.

Please note that Verizon customers with the following account types are not eligible to apply for Verizon + Openbank Savings: Verizon Prepaid accounts; Verizon mobile Business accounts; Verizon Fios accounts; and Fios Business accounts.

By participating in Verizon + Openbank Savings, you may become eligible for a monthly Verizon bill credit on your Verizon mobile bill. The Verizon bill credit will appear on your monthly Verizon statement as Verizon and Openbank Bill Credit. 2 Verizon lines per mobile bill are eligible for the Verizon bill credit, and the credit will be applied within 2 or 3 billing cycles of meeting the eligibility requirements for the offer.

The Verizon bill credit is based on the monthly average daily balance of your high-yield savings account at Openbank, and can range between $5, $10, or $15 a month according to the following:

• Get up to $60/year ($5/month) in Verizon bill credits if your average account balance is between $1,000 and $9,999.99. Offer valid for up to 12 consecutive months from the date you open the account.
• Get up to $120/year ($10/month) in Verizon bill credits if your average account balance is between $10,000 and $29,999.99. Offer valid for up to 12 consecutive months from the date you open the account.
• Get up to $180/year ($15/month) in Verizon bill credits if your balance is $30,000 or more. Offer valid for up to 12 consecutive months from the date you open the account.

Verizon bill credits will appear on your monthly Verizon statement as Verizon and Openbank Bill Credit. Please note: if you add a joint account owner after opening an account through Verizon + Openbank Savings, only the primary account holder will be eligible for the Verizon bill credit.

Your monthly average balance is the average amount in your account over the statement period. It is calculated by adding up the current balance for each day of the month, divided by the number of days in your statement period.

New deposits are reflected in your monthly average balance as soon as we receive your deposit.

Your first account statement will end on the same date in the next month after you open your account. After that, each future statement will start one day after your account opening date and end on the same date each month, though this can vary depending on the number of days in the month. As an example:

• Your account opens on February 7, 2025
• Your first statement will close on March 7
• Your second statement begins on March 8, and closes on April 7
• The third statement begins on April 8, and closes on May 7

Unfortunately, Openbank High Yield Savings accounts (including pre-existing accounts) do not qualify for the Verizon bill credit. The Verizon bill credit is only available to Verizon mobile customers who open a new account through the Verizon + Openbank Savings page on Verizon’s website or mobile app.

Please note: if you already have an existing High Yield Savings account at Openbank, you are not required to close that account if you also wish to open an additional one through Verizon + Openbank Savings.

For questions about your Openbank account or balance, call the Openbank Customer Service Center, Monday-Saturday, 8:00 AM to 8:00 PM ET (5:00 AM to 5:00 PM PT) at 855-896-2265 (855-VZN-BANK). Hearing and speech-impaired customers can call 711 or their preferred relay service.

For questions about Verizon bill credits on your Verizon mobile bill, please confirm the following before contacting Verizon:

1. On your most recent monthly Openbank statement, your monthly average daily balance is greater than the minimum to receive the credit.

2. Other lines on your account aren’t already receiving the monthly credit (limit 2) on their most recent Verizon statement.

3. You’ve waited 2- 3 billing cycles after funding your account at Openbank, and you’re maintaining the minimum balance required to earn the Verizon Bill Credit.

4. You’re looking at your most recent Verizon bill.

After confirming the above, you can contact Verizon Customer Service.