Free Kasasa Cash® Checking
Simply put, Kasasa Cash® can put more money in your checking account if you meet the qualifications. It’s not just a free checking account; it’s a whole-lot-better-than-free checking account! Connect your account to a free Kasasa Saver® to build your savings automatically.
- 2.5% Annual Percentage Yield (APY) on balances up to and including $15,000 if you meet all requirements*
and a significantly lower interest rate on balances over $15,000 resulting in a potentially lower APY
- 0.25% APY on balances over $15,000 if you meet all requirements
- 0.01% APY on all balances even if you don’t qualify
- Plus, refunds on some of your nationwide ATM withdrawal fees* if you meet all requirements
Here's how to meet the requirements to earn your rewards . . .
Just complete the following activities and transactions in your Kasasa Cash® account during each monthly qualification cycle:
- Have at least 12 debit card purchases post and settle to your Kasasa Cash® account
- Be enrolled and log into online banking
- Be enrolled and agree to receive e-statements to a submitted valid email account
Don’t worry if you come up short.
Your account is always free. Even your base interest rate. Plus, you can still earn a higher interest rate and get some nationwide ATM withdrawal fees refunded the very next cycle if you meet all the qualifications.*
- Refunds on ATM fees nationwide (up to $25 monthly) if qualifications are met*
- No minimum balance to earn rewards
- No monthly service fees
- FREE Online & Mobile Banking
- FREE Bill Pay
- FREE E-Statements
- Unlimited Check Writing
- $25 minimum deposit to open
- FREE ATM Transactions at Industrial Bank ATMs
Interested in finding out more about Kasasa Cash® Checking accounts? Contact your local banking center today!
*Qualification and Limitation Information: Qualifications, Limitations, and Rewards vary by account. Each individual is limited to one Kasasa checking account. Industrial Bank is not responsible for any delay by merchants in processing their transaction. Transactions and activities may take one (1) or more business days from the date the transaction or activity occurred 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: transactions in a “pending” state, ATM-processed transaction, non-retail payment transactions, and purchases made with debit cards not issued by our bank, transfers between accounts, debit card transactions received by Industrial Bank as ATM transactions, ATM Withdrawals. Bundled transactions received as a single transaction count as a single transaction. “Monthly Qualification Cycle” means a period beginning one business day prior to the first day of the current statement cycle through one 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, (1) Balances up to and including $15,000 receive an Annual Percentage Yield (APY) of 2.50% and balances over $15,000. (2) You will also receive reimbursements up to a monthly aggregate of $25.00 for nationwide ATM withdrawal fees incurred during the Monthly Qualification Cycle in which you qualified. An ATM receipt must be presented within sixty (60) calendar days of the transaction for reimbursements of individual ATM withdrawal fees of $4.99 or higher.
When Kasasa Cash qualifications are not met, all balances in the account earn 0.01% APY and ATM fees are not refunded. APYs and interest rates accurate as of 2/15/2017. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings.
Additional Information: $25.00 minimum deposit is required to open the account. Account approval, conditions, qualifications, limits, timeframes, enrollments, logins, specific transactions, valid email address provided and in use, and other requirements apply. Monthly online banking log-on, agreement to receive electronic statements and the receipt of electronic statements, and 12 POS transactions that post and settle to your Kasasa checking account during the monthly statement cycle are conditions to receive rewards. There is no fee to open or close this account; there is no minimum balance requirement to avoid being charged a fee. There are no per check or per deposit fees charged. Contact one of our Industrial Bank service representatives for additional information, details, restrictions, processing limitations, rate calculations, and enrollment instructions. Industrial Bank Member FDIC. Comparison Source: Interest Checking, FDIC rates updated 2/15/2017 https://www.fdic.gov/regulations/resources/rates/
Kasasa Cash® is a trademark of Kasasa, Ltd., registered in the U.S.A. Industrial Bank Member FDIC