What Banks Do With Your Money and Why It Matters

At Bank of the West, we believe the money you put into the bank can help protect the environment and invest in a sustainable future. That’s one reason why this summer, we’re launching the new 1% for the Planet account¹. It’s the first checking account to give 1% of net revenue back to environmental causes², help you track the carbon impact of your purchases³, and feature a compostable debit card⁴.

Bank of the West has some of the strongest environmental policies of any major U.S. bank, and we’re taking action to help ensure that what you do with your money aligns with your personal values. Learn more about those environmental policies, and how they compare to the banking status quo in this infographic.

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Disclosures
1) $10.00 monthly service charge waived with one deposit of any amount each statement cycle. Deposits include direct deposit, mobile deposit, ATM deposit, or in-branch deposit of any amount. Does not include fund transfers between Bank of the West accounts or any credits from Bank of the West. Monthly service charge also waived if any account owner is under age 25.

2) Net revenue is defined as fees charged directly to the account, 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. Debit card revenue is not included in the account revenue calculation.

3) The carbon impact tool for 1% for the Planet with Any Deposit Checking 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 debit card for your 1% for the Planet with Any Deposit Checking account. The calculation is based on the Merchant Category Code assigned to your debit card purchase and indicates the classification of goods or services a company provides, as well as the amount of the purchase. The actual carbon impact may be higher or lower than measurement provided. The Åland Index is the leading index solution for carbon emission calculations for payments and financial transactions. To learn more visit alandindexsolutions.com. 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 services.

4) The 1% for the Planet debit card is made from 100% compostable/biodegradable PVC, however, the EMV chip, magnetic strip, ink and hologram are not biodegradable

Where You Put Your Money Matters