Kasasa Checking
Checking Accounts that Earn Rewards
Kasasa checking accounts from Members Exchange Credit Union are completely FREE, complete with valuable rewards you actually want – like massive dividends, cash back, digital downloads, and extra money to help you save.
Every Kasasa checking account is FREE and includes:
- ATM Fee Refunds Nationwide
- No Minimum Balance to Earn Rewards
- FREE Online banking
- FREE Online bill pay
- FREE Mobile banking
- FREE e-Statements 1
- FREE CO-OP Shared Branching 2
e-Statements are required to open and maintain a Kasasa account. Kasasa products are eligible for Discretionary OOPS!™(Occasional Overdraft Privilege Service)* which can mean fewer returned check charges when you make mistakes for more money than you have in your checking account.
Members Exchange Credit Union reserves the right to convert the Kasasa Checking account to a different checking account if it does not meet the account qualifications for three consecutive statement cycles. At that time, the Kasasa Checking account will be converted to the Simply Checking account. If you also have a Kasasa Saver, funds will be transferred to your Prime Share, and the Kasasa Saver will be closed.
When you use a Kasasa Free Checking account, you can earn massive cash dividends! Kasasa Cash pays you a rate of 5.00% APY*.
What is Kasasa Cash ?
Kasasa Cash is a free, high dividend checking account with no minimum balance requirement and no monthly service fee. You choose the amount you keep in your account and we won’t charge you for keeping it there.
Kasasa Cash Benefits
- Free checking that gives you extra cash
- 5.00% APY* on balance up to $25,000 when qualifications are met
- 0.25% APY* on amount of balance over $25,000 when qualifications are met
- 0.05% APY* if qualifications are not met
- No minimum balance to earn rewards
- Nationwide ATM fee refunds (up to $10 per monthly qualification cycle)
- Free online banking
Kasasa Cash Requirements
In order to get the 5.00% APY* and ATM fee refunds, you must do the following each monthly qualification cycle:
- Have at least 15 debit card purchases post and clear (Transactions must be $10 or more to qualify)
- Have at least one ACH debit or bill pay transaction post and clear your account
- Access online banking
- Receive monthly e-Statement 1
- e-Statements are required to open and maintain the account. ($2 fee for paper statements)
If there is a month you don’t meet the qualifications, don’t worry! There’s no penalty, and you still have free checking with no minimum balance. Plus, you’ll get right back to earning high dividends and receiving ATM fee refunds the next month you qualify.
Kasasa Cash Back is a Free Checking account that pays major cash back on debit card purchases.
Kasasa Cash Back actually pays you money for using your debit card. It’s that simple. Get cash back when you buy gas, groceries, clothes, home-improvement items – anything you normally purchase with your debit card. Kasasa Cash Back recognizes the value of your business by giving you back what’s most valuable: money. That’s right. No points and no category restrictions. Just cash back in your pocket – where it belongs. You also get nationwide ATM fee refunds, and there’s no minimum balance required.
Kasasa Cash Back Benefits
- 3% Cash Back (up to $6) on debit card purchases that post and clear per monthly qualification cycle
- No minimum balance to earn rewards
- Nationwide ATM fee refunds (up to $10 per monthly qualification cycle)
- Free online banking
Kasasa Cash Back Requirements
In order to earn the 3% cash back and receive ATM fee refunds, just do the following each monthly qualification cycle:
- Have at least 15 debit card purchases post and clear (Transactions must be $10 or more to qualify)
- Have at least one ACH debit or bill pay transaction post and clear your account
- Access online banking
- Receive monthly e-Statement 1
- e-Statements are required to open and maintain the account. ($2 fee for paper statements)
If there is a month you don’t meet the qualifications, don’t worry! There’s no penalty, and you still have free checking with no minimum balance. Plus, you’ll get right back to earning cash back on debit purchases and receiving ATM fee refunds the next month you qualify.
Take your Kasasa Cash Back and your Kasasa Cash benefits to a whole new level. Kasasa Saver™ is a free, high-dividend saver account you can link to your Kasasa Cash Back checking or to your Kasasa Cash checking. Here’s how they work together:
Kasasa Cash Checking
The massive dividends and ATM fee refunds earned on your checking are automatically deposited into your free Kasasa Saver account every month.
Kasasa Cash Back Checking
The cash back that you receive on your everyday debit card purchases and your ATM fee refunds are automatically deposited into your Kasasa Saver account every month. And remember, the more you use your debit card, the more you build your savings.
Even better, your Kasasa Saver balance earns high dividends; so you can sit back, relax and watch your savings grow.
Kasasa SAVER Rewards
- 1.00% APY* on Kasasa Saver balances up to $25,000 when qualifications are met
- 0.25% APY* on Kasasa Saver balances over $25,000 when qualifications are met
- 0.05% APY* on Kasasa Saver if qualifications are not met
- High dividends on your Kasasa Checking and Kasasa Saver
- Nationwide ATM fee refunds (up to $10 per monthly qualification cycle)
- No minimum balance fees
- Free online banking
Kasasa SAVER Rewards Requirements
Must meet all Kasasa Cash Back or Kasasa Cash qualifications that are required per monthly qualification cycle:
- Have at least 15 debit card purchases post and clear (Transactions must be $10 or more to qualify)
- Have at least one ACH debit or bill pay transaction post and clear your account
- Access online banking
- Receive monthly e-statement 1
- e-Statements are required to open and maintain the account. ($2 fee for paper statements)
[2] CO-OP Shared Branching: Account access at CO-OP shared branches is available after 60 days of membership.
[3] Minimum Balance Fee: $5.00 if the total combined balance in all your accounts is less than $500 on the last day of the month.