Advertiser Disclosure

Kasasa Partners Tout Free Rewards Checking, Community Benefits

April 8, 2013
Personal Finance
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

Every time we turn around, it seems like another bank has ditched their free checking program. This is bad news for consumers, who, not surprisingly, are growing increasingly dissatisfied with banks in general. Kasasa customers, however, are probably not among them. Kasasa is a national brand of checking and savings accounts that works with 150 community banks and credit unions across the country (as of April 4, 2013). Their innovative free checking and savings accounts offer consumer-friendly benefits like high interest rates, convenient online banking and nationwide ATM fee refunds. And, since the accounts are offered exclusively at community banks and credit unions across the country, you support your local economy in the process.

Kasasa accounts make it easy to earn rewards

Kasasa offers three amazing checking accounts. The Kasasa Cash account rewards you with an incredible interest rate of 1.00% APY, or even double or triple that amount, depending on which bank or credit union you sign up with. The Kasasa Cash Back account gives you a small refund every time you swipe your debit card. And, finally, the Kasasa Tunes account rewards you with iTunes or Amazon music purchase refunds. Nice!

Better than free, every month

You’ll qualify for rewards just by making a set number of debit card transactions per month (usually 10–12) and meeting a few other easy requirements. And, when you pair your Kasasa checking account with a Kasasa Saver account, it becomes even more powerful. All the cash back you earn from interest and ATM refunds is automatically deposited into your Saver account, making it easy for you to save without even thinking about it. And, don’t worry if you can’t meet the requirements one month. Your account is always free, and it earns a small amount of interest, making it better than your basic free checking account any day. Plus, you can always try again next month.

Community banks and credit unions say it best

NerdWallet talked to representatives at two community banks and one credit union to see what they liked most about Kasasa. When asked if they’d recommend Kasasa to other interested community banks and credit unions, all three said, “Absolutely!” Keep reading to see what else we learned.

MCT Credit Union (Port Neches, TX)

Kasasa is, “The best thing ever!” says Sandra Duvall, MCT Credit Union’s marketing director. “It’s great for consumers because it gives them the opportunity to make and save money, and it’s great for us because we can give back to our members in a meaningful way. Many of them are pleasantly surprised that the Kasasa Cash account’s high dividends go directly into the Saver account. This makes it easier for them to save because they don’t have to think about it.” MCT Credit Union’s Kasasa Cash account earns 2.51% APY on all balances under $25,000. Membership is open to anyone living or working in Hardin, Jefferson and Orange counties, Texas.

First Security Bank and Trust (Charles City, IA)

“Our customers are tired of fees,” says Penny Gray, First Security Bank and Trust’s marketing manager. “Every time they turn around, they feel like they’re being charged for something else. Community banks like us need an edge to compete with big banks, and Kasasa really gave us that in the form of a fun brand and rewards that our community really wants.” Penny also told us how Kasasa inspired the bank to increase their visibility in the community. “We purchased a seven-seater conference bike (seven people sit, one of them steers), which we call the Kasasa Cycle. We get a lot of attention at local parades and fairs.” First Security Bank and Trust’s Kasasa Cash Back account offers 1.5% cash back on everyday purchases no matter what your account balance, making it a great choice for all income levels.

Emprise Bank (Wichita, KS)

“Kasasa offers an exciting line of products that help us keep our services fresh and interesting,” says Damon Ellsworth, Emprise Bank’s VP Payments Manager. “Being able to reward customers for the transactions they already make just makes sense. It’s great for them, and it’s great for us.” The Saver account, however, has gotten the most positive feedback. He adds, “People always say that they want help learning to save. The Kasasa Saver account makes it easy for our customers to save automatically.” Emprise Bank offers three Kasasa checking accounts, so you can pick the one that works best for you.

Sign up for Kasasa

Interested? If you don’t live near any of the institutions we featured, click here to locate a Kasasa provider in your area.