Sunward+ Quantum Tier Terms and Conditions
Eligibility Requirements: Sunward+ Quantum benefits
(“Benefits”) are available to Sunward members who meet the requirements,
which include having an active Sunward checking account and being an
active employee or retiree of Sandia National Laboratories, with NTESS
payroll or retirement benefits directly deposited into their primary
account. If these eligibility requirements are not met monthly, members
will be disenrolled from the program and will need to re-enroll. Additionally,
if your Sunward membership was associated with Sandia National Laboratories
prior to November 12, 2024, you will qualify if you meet the other
requirements. After November 12, 2024, you must be an active employee
or retiree of Sandia National Laboratories and meet the qualifications.
Benefit Definitions:
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Active Checking Account:
A checking account that has at least one qualifying debit transaction
per month (point of sale, check, bill pay, ACH debit, ATM transaction).
-
Active Employee or Retiree:
An individual currently employed by Sandia National Laboratories
receiving regular payroll deposits, or a former employee of Sandia
National Laboratories who is receiving retirement benefits, directly
deposited into their primary account.
-
NTESS Payroll/Retirement:
Payroll or retirement benefits from Sandia National Laboratories
(NTESS) must be directed to the member’s primary account.
Fee Waivers: Fees for applicable services (e.g.,
cashier’s checks, money orders, check orders, account maintenance
fees, etc.) are waived or refunded monthly, contingent upon
meeting the applicable eligibility requirements. Refunds are
credited to the member’s primary checking account on the last day
of each month.
Auto Loan Incentive: The cash incentive for new
auto loans over $15,000 is paid in monthly installments over the
loan term and will be credited to the primary checking account on
the first day of each month. Early repayment of the loan results
in the remaining incentive being credited in full to the primary
checking account on the first day of the month following the
payoff. Internal refinances do not qualify. Incentive is
non-transferable and is only available once per loan agreement.
Home Buying Credit: The $2,000 closing cost
credit applies to new Sunward mortgage loans over $50,000 for
primary residences only. Home equity lines of credit and
investment properties are not eligible. Closing credits are
applied at the time of loan funding. This credit is
non-transferable and is limited to one credit per property.
Credit Card Offer: The $100 statement credit is
only available for new Visa Signature or Visa Platinum Rebate
cardholders after spending $1,500 in the first 90 days of account
opening. Purchases must be posted to the account within the 90-day
period to qualify. Balance transfers, cash advances, and fees do
not count toward the $1,500 spending requirement. Offer limited to
new cardholders only.
Tax Implications: All cash incentives, statement
credits, and other financial Benefits offered through Sunward+ may
be considered taxable income and may be reported to the Internal
Revenue Service (IRS). Members are responsible for any taxes
associated with receiving these Benefits. Nonresident alien
individuals participating should have a current IRS Form W8-BEN on
file with Sunward, if applicable, or otherwise be subject to
backup withholding.
Limitations and Restrictions: To remain enrolled
in Sunward+, accounts must remain in good standing or will be
automatically disenrolled from the program. Benefits do not extend
to business accounts, or other special account types (e.g., trust,
estate, custodial accounts). Accounts must be in good standing to
enroll in Benefits. Improperly granted credits may be removed from
Sunward accounts and loans at our sole discretion. This includes
but is not limited to credits that were issued in error, obtained
through fraudulent means, or not in accordance with the program
terms and conditions. All Benefits, incentives, and fee waivers
are subject to change or cancellation at the discretion of
Sunward. Sunward reserves the right to modify or terminate the
Sunward+ program at any time without notice. If the program is
terminated, accrued Benefits or incentives will not be forfeited.
By participating in the Sunward+ program, members agree to all
program terms and conditions. Sunward is not liable for any
indirect, incidental, or consequential damages resulting from the
use or inability to use the program Benefits. Members will be
notified of any changes to the Sunward+ program terms and
conditions.
