Rewards Qualifications
Qualifying for rewards is easy, simply do the following activities in you Kasasa Cash account during the monthly qualification cycle:
- Be enrolled in and receive monthly e-statement
- Have at least 1 (ACH) direct deposit or auto debit post and settle
- Have at least 10 debit card purchases post and settle
That’s it! Even if you don’t qualify one month, you still have a free account and earn our base rate of interest. Plus, you can get back to earning your rewards the very next month.
*Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle. Reward Information: When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account(s) on the last day of the current statement cycle: (1) Kasasa Cash: Balances up to $25,000 receive a non-compounding APY* of 4.00%; and balances over $25,000 earn 0.25% interest rate on the portion of balance over $25,000, resulting in a non-compounding range from 1.01% to 0.25% APY* depending on the account’s balance; (2) ATM Fee Reimbursements: You will receive reimbursements up to $4.99 per single transaction for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. An ATM receipt must be presented within sixty (60) calendar days of transaction for reimbursements of individual ATM fees of $4.99 or higher. When Kasasa Cash qualifications are not met ATM fees are not refunded and all balances in your Kasasa Cash account earn a non-compounding APY of 0.01%. APY = Annual Percentage Yield. APYs accurate as of 12/01/2015. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. Rewards may vary by account. $100 minimum deposit is required to open the account. Monthly Direct Deposit/ACH credit, 10 debit card purchases post and settle and receipt of electronic statements are a condition(s) of this accounts. Enrollment in electronic services (e.g. online banking, electronic statements, and log-ons may be required to meet some of the account’s qualifications. Limit 1 account per social security number. There are no recurring monthly service charges or fees to open or close this account. Contact one of our bank service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC. Kasasa, Kasasa Cash and Kasasa Saver are trademarks of BancVue, Ltd., registered in the U.S.A.
