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Free Kasasa Cash® Rewards-Earning, Free Checking Account

Earn really high interest on your balance, plus refunds on ATM withdrawal fees, nationwide!*

Kasasa® accounts are all about rewarding customers for banking locally. Apply today and start earning rewards.

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Summary

  • Free checking that pays high interest
  • 3.00% APY* on balances up to $25,000
  • 3.00% to 0.84% APY on balances over $25,000 depending on balance in account*
  • 0.05% APY* if qualifications aren't met
  • Refunds on ATM withdrawal fees, nationwide (up to $25 monthly)*
  • Can link to Kasasa Saver® for effortless saving
  • No minimum balance to earn rewards
  • No monthly maintenance fees
  • Free online banking and bill pay
  • Debit card service available
  • $100 minimum deposit to open

Qualifying 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: 

  • At least 12 debit card purchases
  • At least 1 ACH direct deposit or ACH payment transaction
  • Be enrolled in and agree to receive e-statements

It’s just that easy. Even if you don’t meet your qualifications during the cycle, your Kasasa Cash account is still free. You’ll still earn our base interest rate, and you can get right back to earning your full rewards the very next month!

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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 our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.

"Monthly Qualification Cycle" means a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle.

See our website at www.ergobank.com or contact one of our bank service representatives at 920-398-2336 or 920-928-3161 for specific Monthly Qualification Cycle dates.

"Banking Day" means any day on which an office of the bank is open to the public for the purpose of carrying out substantially all of its banking functions or for processing.

"Business Day" means a calendar day other than a Saturday or a Sunday, January 1, the third Monday in January, the third Monday in February, the last Monday in May, July 4, the first Monday in September, the second Monday in October, November 11, the fourth Thursday in November, or December 25. If January 1, July 4, November 11, or December 25 falls on a Sunday, the next Monday is not a Business Day.

"Statement Cycle" means the period of time for which our bank provides a summary of the financial activities and transactions that post and settle to the accountholder's account. See our website at www.ergobank.com or contact one of our bank service representatives at 920-398-2336 or 920-928-3161 for specific Statement Cycle dates.

Reward Information

Depending on what Kasasa account you have, you will receive the following rewards when you meet your account's qualifications during a Monthly Qualification Cycle:

Kasasa Cash: daily balances up to and including $25,000.00 receive an APY of 3.00%; and daily balances over $25,000.00 earn an interest rate of 0.30% on the portion of the daily balance over $25,000.00, resulting in a range from 0.30% to 3.00% APY depending on the account's daily balance.

Kasasa Cash Back: you will receive 3.00% cash back on up to a total of $300.00 PIN-base/signature-based debit card purchases that post and settle to the account during that cycle period. A maximum of $9.00 cash back payments may be earned per Monthly Qualification Cycle.

You will receive reimbursements up to an aggregate total of $25.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash or Kasasa Cash Back account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. 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.

Depending on your Kasasa account, when your qualifications are not met, cash back payments are not made, nationwide ATM withdrawal fees are not reimbursed and:

Kasasa Cash: the entire daily balance in the Kasasa Cash account earns 0.05% APY.

Interest will be credited to your Kasasa Cash and Kasasa Saver accounts on the last day of the current statement cycle.

The cash back payments and nationwide ATM withdrawal fee reimbursements earned in your Kasasa Cash Back account will be credited to your Kasasa Saver account on the last day of the current statement cycle.

If Kasasa Cash or Kasasa Cash Back are linked to Kasasa Saver, the following also apply:

Kasasa Cash: When linked to a Kasasa Saver account, the interest earned within the Kasasa Cash account does not compound since it, along with any nationwide ATM withdrawal fee reimbursements are, automatically transferred to the Kasasa Saver account within one day. This automatic transfer may cause an overdraft to your Kasasa Cash account, if the account balance is less than the transferred amount when the transfer occurs.

Kasasa Cash Back: When linked to a Kasasa Saver account, the cash back payments and nationwide ATM withdrawal fee reimbursements earned in your Kasasa Cash Back account will be credited to your Kasasa Saver account on the last day of the current statement cycle.

APY = Annual Percentage Yield.

APYs accurate as of 10/10/2019.

APY calculations are based on an assumed balance of $25,000.00+ $100,000 in your Kasasa Cash account and an assumed statement cycle of thirty-one (31) days.

Rates, rewards, and bonuses, if any, are variable and may change after account is opened without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.

Account Conditions Information

Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.

A minimum deposit of $100.00 is required to open a Kasasa Cash or Kasasa Cash Back account.

A minimum deposit of $100.00 is required to open a linked Kasasa Saver account.

Limit of one (1) account per social security number.

There are no recurring monthly maintenance charges or fees to open or close this account.

Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of Kasasa Saver's linked Kasasa Cash or Kasasa Cash Back account's qualifications.

This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account.

A Kasasa Cash or Kasasa Cash Back account is required to have a Kasasa Saver account.

A linked Kasasa Saver account is required for automatic savings.

Advertised information and rewards are based on all account qualifications being met during each cycle period.

Contact one of our bank service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.

Qualification Information

Monthly condition(s) of Kasasa Saver's linked Kasasa Cash or Kasasa Cash Back account(s).

  • At least  one (1)  direct deposit, ACH credit, or ACH payment transaction.
  • At least twelve (12) PIN-based or signature-based debit card purchases.
  • Be enrolled in and have agreed to receive e-statements rather than paper statements.

Member FDIC.

Trademarks

Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.

Cycle Date Information

The following dates apply to our Kasasa account(s). Monthly Qualification Cycle dates are not the same as our Statement Cycle dates. Please refer to your account's Truth In Savings disclosure for your account's specific qualification requirements. To qualify for your account's rewards, all of your account's qualifying transactions must post and settle to your specific Kasasa account within the Monthly Qualification Cycle dates stated below. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning your account's rewards. 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 your account's rewards.

Comparison table of Kasasa MQC and statement cycles.
  Monthly Qualification Cycle Statement Cycle
October 2019 09/11/19 to 10/09/19 09/12/19 to 10/10/19
November 2019 10/10/19 to 11/13/19 10/11/19 to 11/14/19
December 2019 11/14/19 to 12/11/19 11/15/19 to 12/12/19
January 2020 12/12/19 to 01/08/20 12/13/19 to 01/09/20
February 2020 01/09/20 to 02/12/20 01/10/20 to 02/13/20
March 2020 02/13/20 to 03/11/20 02/14/20 to 03/12/20
April 2020 03/12/20 to 04/08/20 03/13/20 to 04/09/20
May 2020 04/09/20 to 05/06/20 04/10/20 to 05/07/20
June 2020 05/07/20 to 06/10/20 05/08/20 to 06/11/20
July 2020 06/11/20 to 07/08/20 06/12/20 to 07/09/20
August 2020 07/09/20 to 08/12/20 07/10/20 to 08/13/20
September 2020 08/13/20 to 09/09/20 08/14/20 to 09/10/20
October 2020 09/10/20 to 10/07/20 09/11/20 to 10/08/20
November 2020 10/08/20 to 11/10/20 10/09/20 to 11/12/20
December 2020 11/12/20 to 12/09/20 11/13/20 to 12/10/20
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