Unless otherwise agreed in writing with you or Bank deems necessary to do so in its sole discretion, Bank will not originate any IAT transactions on your behalf. If you wish to originate any ACH transaction that will be considered an IAT transaction, the transaction will need to be originated by you through another payment method such as a wire transfer or foreign draft.
What’s the catch? None, really. Cash back apps act as affiliates for many online merchants, which means that whenever you make a purchase through one of the apps, they get a small commission — but then, they give you a portion of that commission as “cash back”. For example, if I buy a pair of Nike shoes through the Ebates app (or website) and spend $75, Ebates may get a $10 commission but then they’ll pass $7 back to me. It’s basically a way to get sale prices on stuff that isn’t on sale!