What Is a Kasasa Account?
A Kasasa account refers to one of three types of free bank accounts which are offered at some financial institutions. There are two checking accounts and one savings account. These accounts offer a higher rate of interest than most checking accounts.
How Many Types of Kasasa Accounts Are There?
There are actually three types of Kasasa accounts. Two of those are checking accounts. The last one is a savings account.
What is a Free Kasasa Cash Checking account?
A free Kasasa Cash Checking account is an always free checking account with:
- A higher interest than most other checking accounts
- Refunds nationwide on ATM withdrawals
- No service fees
- No minimum balance to earn rewards
What is a Free Kasasa Cash Back Checking Account?
A free Kasasa Cash Back Checking account is an always free checking account which offers
- cash back for using your debit card.
- An always free checking account
- Refunds nationwide on ATM withdrawals
- No service fees
What Are the Requirements For a Kasasa Checking Account?
The requirements for a Kasasa account are:
- You must have at least 1 direct deposit or automatic payment (ACH) post and settle.
- You must have at least 12 debit card purchases post and settle each qualifying month.
- Your statements must be delivered via eStatements.
What is a Free Kasasa Savers account?
A Free Kasasa Savers account is a savings account that is linked to either a free Kasasa Cash Checking account or a Kasasa Cash Back Checking account.
- It earns a higher rate of interest than the average interest earned in a savings account (when qualifications are met)
- It’s free
- There is no monthly service fee
- There is no minimum balance to earn the rewards
- Automatic transfers of the earnings from your connected checking account
Where are Kasasa accounts offered?
Kasasa accounts are offered through community banks and credit unions around the country. In fact, the founding organization says that it has a goal of helping communities by making banking locally more appealing.
How Many Institutions Offer Kasasa Accounts?
Kasasa accounts are offered at over 3,400 banks and credit unions around the country.
Why is it important to bank at a local bank or credit union?
Local banks and credit unions tend to have free accounts, lower fees, better service, and local decision making, They also tend to invest in the local community, and support local organizations.
Should You Open a Kasasa Account?
By opening a Kasasa account at your local bank or credit union, you are helping yourself and helping your community. Indeed, yYou are helping yourself by having no fees, earning cash back, getting better service, and earning more interest. You are helping your community by banking in an institution that is focused on helping your community.
How can I find banks and credit unions that have credit unions?
So, you can Google “Kasasa accounts in ____________,” filling in the blank with your town.
Do all Banks Offer Kasasa Accounts?
In fact, no, not all banks offer Kasasa accounts. Large national banks do not offer these accounts.
What Are Kasasa Qualification Periods?
Kasasa qualification periods are periods in which account holders must meet the monthly qualifications to qualify for the rewards, such as higher interest and cash back.
What Does Kasasa Mean?
Kasasa is a made up word. But, it is the name of a set of checking and savings accounts which offer you a higher rate of interest and cash back awards.
Still Wondering “What is a Kasasa Bank Account?” How Can I Learn More About Kasasa Accounts?
You can learn more about Kasasa accounts by reading through this post and then checking out the following related posts:
Looking to Earn More Interest? Try a Kasasa Account!
10 Places in Massachusetts That Offer Kasasa Accounts
Earn as Much Interest As Possible
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