Free Kasasa Cash Checking
Welcome to free checking that actually pays you — in really high interest. Kasasa Cash® rates are so high they make St. Cloud look terrestrial.
We'll even refund your ATM withdrawal fees nationwide.* All you need to do are a few simple things that make banking easier anyway, like sign up for e-statements or enroll in online banking. Do you Kasasa®?
- Free checking that pays really high interest
- Earn 2.07% APY* on balances up to $25,000
- Earn 2.07% to 0.25% APY on balances over $25,000 depending on balance in account*
- Earn 0.05% APY* if qualifications aren't met
- Get unlimited refunds on ATM withdrawal fees, nationwide*
- Link to free Kasasa Saver® to build savings automatically
- No monthly service charge
- No minimum balance requirement
- Unlimited monthly transactions
- Free online banking & bill pay
- Free mobile banking with mobile deposit
- Free e-statements
- Free Mastercard® debit card
- Nationwide surcharge-free ATM usage via the MoneyPass ATM Network
- $50 minimum deposit to open
How to Get Paid Really High Interest
We make it really easy to "qualify." In fact all you have to do are things that make banking easier anyway! To earn your rewards, simply do the following activities and transactions in your Kasasa Cash account each monthly qualification cycle:
- Have at least 10 debit card purchases post and settle
- Be enrolled in and agree to receive e-statements
- Be enrolled in and log into online banking
That's all she wrote! And if for some reason, you don't qualify, no worries. Your account is still free and you still earn our base interest rate. You can get back to earning the full rewards the very next monthly qualification cycle.
Kasasa Cash: *APY=Annual Percentage Yield. APYs accurate as of 3/22/2019. Kasasa Cash is a free checking account with no minimum balance that rewards customers with a CD-like interest and ATM fee refunds when meeting the monthly qualifications.
Rate Information: This Account is an interest bearing account. If the daily balance is less than $25,001.00, the interest rate paid on that portion of the balance will be 2.05%. The annual percentage yield for this tier will be 2.07%. If the daily balance is more than $25,000.99 the interest rate paid on the portion of the balance will be 0.25%. The annual percentage yield for this tier will range from 2.07% to 0.25%.The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. When the Kasasa Cash qualifications are NOT met, the interest rate on your account will be 0.05% and the annual percentage yield will be 0.05%. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $0.01 in the account each day to obtain the disclosed annual percentage yield.
Limitations: You must deposit $50.00 to open this account. To qualify for "KASASA Cash" rates and receive reimbursements on your ATM fee surcharges, you must perform the following during the monthly qualification cycle. 1) Have at least 10 debit card purchases posted and settled 2) Be enrolled and receive e-statements 3) Be enrolled and log into online banking during the monthly qualification cycle
Enrollment in online banking and in electronic statement is required to meet qualifications. Please note that transactions must post and settle to your account during the monthly qualification cycle. They may not be in a pending state to qualify as one of the qualifications. Transactions may take one or more banking days from the date the transaction was made to post and settle to an account.
Monthly Qualification Cycle and Monthly Statement Cycle Explanation: “Monthly Qualification Cycle” means a period beginning one banking day prior to the first day of the current statement cycle through one banking day prior to the close of the current statement cycle. Your account will be automatically qualified on that one day prior to the first day of the current statement cycle. What this means for you is if you did not qualify for the higher preferred rate, you might notice a slightly higher than the base rate APY earned on your statement due to the one day (the last day) being calculated with the higher preferred rate. "Monthly Qualification Cycle” means the current statement cycle.
**Other Account Information: ATM fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction. ATM fees of $5.00 or higher will be reimbursed if the appropriate ATM receipt is presented to a BankVista Representative. If you believe that you have not been reimbursed the correct amount, please contact us. Note: ATM withdrawals do not count as qualifying debit card transactions for purposes of earning rewards within this account.
KASASA Cash With Saver: When your KASASA Cash account is linked to your KASASA Saver account, the Interest earned and any refunded ATM fees are credited to your KASASA Cash account on the last day of your statement cycle and automatically transferred to your KASASA Saver the following business day and does not compound. The advertised KASASA Cash APY is based on compounding interest. The description of the rewards credited to your KASASA Cash account will be “Interest” and “Refund ATM Terminal Fee”. The description of the rewards transferred from your KASASA Cash to your KASASA Saver will be ‘YOUR REWARDS TRANSFER”. Account Fees: The following fee applies to the account: Account Statements – Check image returned fee: $5.00. Limit one account per SSN.