Kasasa Cash - Free Checking Account
Earn high dividends on your free Kasasa Cash checking account balance!
With Kasasa Cash, there's no minimum balance requirement to earn our highest rates and we'll refund your ATM fees, nationwide.*
Features and benefits
- 2.25% APY* on balances up to $10,000
- 2.25% to 0.25% APY on balances over $10,000 depending on balance in account*
- 0.01% APY* if qualifications aren’t met
- Unlimited refunds on ATM withdrawal fees, nationwide*
- No monthly maintenance fee
- No minimum balance to earn rewards
- Free online banking and online bill pay
- Free paperless e-statements
- Free debit card
Earning Kasasa Cash rewards is easy. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash account during each Monthly Qualification Cycle:
- Have at least 12 debit card purchases post and settle
- Be enrolled in and agree to receive e-statements
- Be enrolled and log into online banking
That's it. Even if you don't meet your qualifications during the cycle, your Kasasa Cash account is still free. Plus, you'll still earn our base dividend rate. And you can get right back to earning your full rewards the very next month you qualify!
Get started and open your account today!
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 1st MidAmerica Credit Union as ATM transactions, and purchases made with debit cards not issued by 1st MidAmerica Credit Union. “Monthly Qualification Cycle” means a period beginning on the first day of the current statement cycle through the last day of the current statement cycle.
Reward Information: When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, (1) Balances up to $10,000 receive APY of 2.25%; and balances over $10,000 earn 0.25% interest rate on the portion of balance over $10,000, resulting in a range from 0.25% to 2.25% APY depending on the account’s balance and (2) you will receive unlimited reimbursements ($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 thirty (30) calendar days of transaction for reimbursements of individual ATM fees of $5.00 or higher. When Kasasa Cash qualifications are not met, all balances in the account earn 0.01% APY and ATM fees are not refunded. Dividends and ATM fee reimbursements will be credited to your Kasasa Cash account on the first business day of the statement cycle after the cycle in which the account qualified for the rewards. APY = Annual Percentage Yield. APYs accurate as of 01/01/2017. 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. No minimum deposit is required to open the account. 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 1account per social security number / individual taxpayer identification number. There are no recurring monthly service charges or fees to open or close this account. Contact a 1st MidAmerica Credit Union service representative for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA.
Other membership fees may apply to your accounts. See our fee schedule for full details. Free checking offer excludes business checking services.
The National Credit Union Administration (NCUA), a U.S. government agency, insures your account up to $250,000 per member. When your accounts exceed $250,000, the maximum level of coverage provided through NCUA, you are also insured up to an additional $250,000. Your board of directors has chosen to provide this exceptional level of insurance through a private company. This supplemental insurance is provided by Excess Share Insurance (ESI) Corporation. ESI is a subsidiary of American Share Insurance, the nation's largest private deposit insurer for credit unions. Excess share insurance is available only to credit unions meeting the company's rigid requirements and standards of performance.