Terms & Conditions

Refer A Friend Checking Account Offer:


The person making the referral (Referrer) will earn a $50 Visa® Reward Card for each individual referred (Referred Person) to Mercantil Bank, who does not already have a Mercantil Bank checking account, registers for the offer, opens a new Mercantil Value or Mercantil Interest Checking account and completes the other requirements within the time specified in the offer. To make a referral, the Referrer must register for the program, agree to these Terms and Conditions, and submit a valid email address for both the Referrer and each Referred Person. A Referrer may receive up to ten (10) Reward Cards ($500 value) within a calendar year, but only one Referrer may receive a Reward Card for each Referred Person who fulfills the requirements (the first Referrer that enters information for a Referred Person will be the eligible Referrer). The Referred Person or Business may only receive one Reward Card for opening an account and completing the requirements, but may also be eligible as a Referrer. As the referrer, by using ReferLive, the person you are referring may infer that you are a customer of Mercantil Bank.



To earn a $50 Visa® Reward Card, the Referred Person must register by following the link provided in the referral email or on social media, agree to these Terms and Conditions, and open a new Mercantil Value or Mercantil Interest checking account after receiving the email or social media offer through the official means of the program. As the referred customer, by using ReferLive, the referrer may infer that you are a customer of Mercantil Bank.

You must complete the following requirement within 60 days after account opening.

  • Complete four (4) debit card transactions (PIN or Signature)


Please allow 4-6 weeks after completion of all requirements for delivery of your Visa® Reward Card (Bonus) to the physical address provided. Bonus may be reported as income to the IRS.


The Bonus offer is not available if the Referred Person already has a Mercantil Bank checking account, and may not be combined with any other offers. The program may be discontinued or changed at any time without notice. Mercantil Bank banking center employees are not eligible for this program or offer.


Mercantil Value Checking accounts require a $50 minimum opening deposit, and incur a $5 monthly service fee. This service fee is waived if any one of the following are met per statement cycle: enrolled in online statement or monthly direct deposit or the completion of 4 debit card transactions. Mercantil Interest Checking accounts require a $100 minimum opening deposit, and incur a $15 monthly service fee. This service fee is waived if the account maintains an average balance of $2,500 per statement cycle. This account is a tiered rate account and the rate of interest depends on the balance in the account: Balances from $100 - $9,999 receive 0.01% APY; balances from $10,000 - $49,999 receive 0.05% APY; balances from $50,000 - $249,999 receive 0.10% APY; balances over $250,000 receive 0.15% APY. At our discretion, we may change the interest rate and the annual percentage yield on the account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). If you close your account before interest is credited, you will not receive the accrued interest. We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day. Stated APYs are valid only for Domestic Personal account customers. Individual customers must be citizens or resident aliens of the United States (U.S.) with a valid U.S. Taxpayer identification number. Certain restrictions and fees may apply which could reduce earnings on the account. For additional fees related to this account, please refer to the Personal Checking and Savings Accounts brochure and the Miscellaneous Service Fees for Personal, Commercial and Corporate Accounts brochure.


The Referrer authorizes the sending of communications to each Referred Person. The email may not be recovered if the person has “opted out” of marketing material from Mercantil Bank or ReferLive. Each person who registers at ReferLive authorizes future communications including emails regarding the program unless they “opt out” by making an election at ReferLive or within such email. The Referred Person acknowledges that a Reward Card will be issued to the Referrer after all conditions have been met in the time frames provided. The Reward Cards will be mailed to the addresses within the ReferLive registration system.


Visa® is a registered trademark of Visa, Inc. Visa® is not a participant or sponsor of this promotion.