The first checking account
to give 1% back to the planet
—at no cost to you.
Reduce your carbon footprint.
Get an estimate of your CO2 emissions for every purchase made on your debit card.footnote2 Track it right on your app.
1% for the Planet has donated over $250 million to environmental nonprofits.
Started by Patagonia founder, Yvon Chouinard, 1% for the Planet has been helping businesses make an impact for nearly 20 years. With our strong policies on sustainability, we are the first bank to create an account in partnership with 1% for the Planet.
Bank of the West's contributions will be donated to Protect Our Winters, a nonprofit leading climate advocacy, through 1% for the Planet.
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Legal information and Disclosures
1. Net revenue is defined as all fees charged directly to the account, debit card interchange revenue, plus interest income, minus losses. Net fees is gross fees charged less reversals. Interest income is defined as the lowest end of the target Fed Funds range during the time period being assessed, multiplied by the average balance of the account and the percent of days in the year during which balances were held. ↩
2. The carbon tracking tool, which will appear in the Bank of the West Mobile app for 1% for the Planet account, uses the Åland Index, a cloud-based service for carbon impact calculations, to provide a measurement of the potential carbon impact of purchases made with the 1% for the Planet debit card. The calculation is based on the merchant code, a code that indicates the types of goods or services a company provides, and the amount of the purchase. The actual carbon impact may be higher or lower than the measurement provided. Bank of the West licenses the Åland Index through Doconomy. Bank of the West does not control or guarantee the accuracy of the information provided by the Åland Index and makes no representation or warranties regarding the service. ↩
3. $10.00 monthly service charge waived with one deposit of any amount each statement cycle. Deposits include direct deposit, mobile. ↩
Investment and Insurance Products:
- NOT FDIC INSURED
- NOT BANK GUARANTEED
- MAY LOSE VALUE
- NOT A DEPOSIT
- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY