Free Kasasa Cash Back Checking
Earn cash back on debit card purchases and get refunds on your ATM withdrawal fees. With no monthly maintenance fee or balance requirement, it’s like getting paid to shop!
- Free checking that pays you back
- 2.50% cash back on debit card purchases
- Cash back earned on up to $500 in purchases monthly
- Earn up to $150 cash back per year, $12.50 per month
- Can add Kasasa Saver® account to build and earn savings automatically
- No monthly maintenance fees
- No minimum balance requirement to earn rewards
- Free Online Banking
- Free Mobile App
- Free eStatements
- Free debit card
- Refunds on ATM withdrawal fees, nationwide (up to $25 per monthly cycle)
- Nationwide Shared Branching via the CO-OP Network
- Possible Overdraft Privilege
- $7 minimum to open for new members
Qualifying is easy
Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash Back account during each Monthly Qualification Cycle.
- At least 13 debit card purchase transactions
- (minimum transaction $5 each)
- Be enrolled in and agree to receive eStatements
- Have at least 1 automatic payment (ACH), Bill Pay transaction, or direct deposit post and settle
Didn't qualify this month? No worries! If you do not qualify within a monthly qualification cycle, the account is still free and you can try again for your rewards next month!
For all Kasasa accounts, you may qualify for monthly rewards if you meet the applicable minimum qualification requirements during each monthly qualification cycle. To meet the minimum qualification requirements, you must: a) make 13 debit card purchases that post and settle your account with a minimum of $5.00 each, ATM use does not count toward rewards; b) have one ACH transaction (credit or debit) settle your account; c) receive only monthly Electronic statements and opt-out of paper statements. The monthly qualification cycle is defined as the period beginning on the last business day of the current month and ending on the day prior to the last business day of the following month. Transactions may take one or more business days from the date the transaction was made to post and settle to the account. All transactions must post and settle during the monthly qualification cycle in order to qualify for the account’s reward. All Kasasa accounts are limited to one account per Social Security number.
Kasasa Cash Back. For Kasasa Cash Back accounts, you will receive 2.50% cash back on up to $500.00 (for a maximum of $12.50 back) in debit card purchases that post and settle to your account if you meet the minimum qualification requirements during the monthly qualification cycle. In addition, we will refund up to $25.00 in ATM fees assessed at domestic ATMs we do not own or operate. ATM refunds and cash back rewards will be paid on the last business day of the month. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. If you have a Kasasa Saver account, cash back earned on your Kasasa Cash Back account and ATM fees refunded to you will be deposited directly into your Kasasa Saver account. If you do not have a Kasasa Saver account, cash back earned and fees refunded will remain in your Kasasa Cash Back account. If you do not meet all of the minimum qualification requirements during the monthly qualification cycle, you will not earn a cash back reward and ATM fees will not be refunded to you.
We expect the account's debit card to be used frequently throughout each month and for transaction amounts to reflect a reasonable dollar range. Small debit card transactions conducted on the same day at a single merchant and/or multiple transactions made during a condensed time period particularly near the end of a Monthly Qualification Cycle are not considered normal, day-to-day spending behavior. These types of transactions will not count toward earning the account's rewards.
Qualifications must be met in order to continue to be eligible for Kasasa accounts. If qualifications are not regularly met, Alternatives FCU reserves the right to convert the account to a different share draft account.
Closing the account will not affect your existing obligations to us including any obligation to pay fees or charges incurred prior to termination. If the account is closed, you will forfeit any rewards that have not been credited to your account.