Free Checking That Pays
Get free checking that pays, instead of the other way around. Free Kasasa Cash® checking pays really high interest — with no monthly service charge or minimum balance requirement, ever.
All you have to do to earn your rewards (we call them "qualifications") are a few easy things you probably do already, like sign up for online banking and eStatements. Do you Kasasa?®?
- Free checking that pays really high interest
- Earn 2.00% APY* on balances up to $15,000
- Earn 2.00% to 0.48% APY on balances over $15,000 depending on balance in account*
- Earn 0.05% APY* if qualifications aren't met
- Get refunds on ATM fees nationwide*
- Linked to your free Kasasa Saver® savings account
- Have Kasasa Cash rewards transferred to Kasasa Saver for automatic savings!
- Enjoy unlimited checking
- No monthly service charge
- No minimum balance requirement
- Free Online Banking & Bill Pay*
- Free Mobile Banking & Mobile Deposit
- Free eStatements
- Reorder checks online
- $50 minimum opening deposit
*Bill Pay if not used for a month, a $5 monthly Bill Pay Fee will be assessed
How to Earn Our Highest Rate
We've made it really easy to earn our highest rate. All you have to do to qualify are things that make banking easier, anyway. Simply do the following activities in your Kasasa Cash account during each monthly qualification cycle:
- Have at least 12 debit card purchases post and settle
- Be enrolled and receive eStatement notice
- Be enrolled and log into online banking
That's it! Pretty easy. And if for some reason you don't qualify, don't worry. Your account is still free, and you'll still earn our base interest rate. You can get back to getting the full rewards, the very next month you qualify.
Qualifications 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 Farmers State Bank as ATM transactions and purchases made with non-Farmers State Bank issued debit cards. "Monthly Qualification Cycle" means a period beginning one (1) day prior to the first day of the current statement cycle through one (1) 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 $15,000 receive APY of 2.00%; and balances over $15,000 earn 0.2497% interest rate on the portion of balance over $15,000, resulting in a range from 0.48% to 2.00% APY depending on the account's balance and (2) you will receive reimbursements up to $20.00 nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. When Kasasa Cash qualifications are not met, all balances in the account earn 0.05% APY and ATM fees are not refunded.
Interest and ATM fee reimbursements will be credited to your Kasasa Cash account on the last day of statement cycle. APY = Annual Percentage Yield. APYs accurate as of 02/04/2015. 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. $50.00 minimum deposit is required to open the account. Monthly enrollment in online banking, receipt of electronic statements are conditions of this 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 one account per social security number. There are no recurring monthly service charges or fees to open or close this account. Contact a Farmers State Bank service representative for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC. Kasasa & Kasasa Cash are trademarks of BancVue, Ltd., registered in the U.S.A.