High interest. Nationwide ATM fee refunds.* No monthly service fee or minimum balance to earn rewards. Do you Kasasa?®
It's not a word you've heard before — that's because Kasasa® is a brand new way to bank. It's free checking that earns high rates. So it's a lot more than just a new approach to banking — it's a way to improve your quality of life.
Plus, this free checking account offers refunds on ATM fees* — not just ATMs in Pecos, Marathon, Alpine, or West Texas, but anywhere nationwide! So put your money where it can do you the most good: back in your pocket.
To apply, call or come into your local branch.
- Features & Benefits
- For rates, click here
- Free, high-interest checking with minimum requirements
- Unlimited ATM fee refunds nationwide*
- Can link to high-interest Kasasa Saver account
- No minimum balance to earn rewards
- No monthly service fee
- Free debit card
- Free online banking with bill pay
- Free online statements
- Free telephone banking
- Direct deposit available
- Unlimited check writing
- FDIC insured
- $1 minimum deposit to open
Connect to Kasasa Saver - your free savings account that builds your balance automatically!
To earn our highest interest rate and ATM fee refunds, simply do the following during the monthly qualification cycle:
- Have at least 10 signature based debit card purchases post and settle
- Have at least one direct deposit, automatic payment (ACH), or bill pay transaction post and settle
- Be enrolled and receive E-Statement notice
If you miss a month, don't worry! You still enjoy free checking and earn our base rate of interest. And you can get back to earning the full rewards the next monthly qualification cycle.
Rate Information - Your interest rate and annual percentage yield may change. Please refer to our Rate Sheet for current Interest Rate and Annual Percentage Yield Information.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
This is a tiered rate account that pays a higher rate of interest, if you meet the qualification criteria below. The account pays a lower rate of interest if you do not meet the qualification criteria. The Annual Percentage Yield (APY) disclosed on the Kasasa Cash account assumes that the interest earned in Kasasa Cash compounds; however, by choosing to have Kasasa Saver link to Kasasa Cash, you understand that the interest earned in your Kasasa Cash account is automatically transferred into your Kasasa Saver account at the end of the statement cycle and therefore does not remain in your Kasasa Cash account and does not compound. Additionally, you understand that the interest amount earned in the Kasasa Saver account may be less than the interest amount earned in the Kasasa Cash account.
Qualifications - To qualify for the Kasasa Cash Preferred Rate and receive reimbursements for the ATM fee surcharges, you must meet the following requirements during the monthly qualification cycle:
- Debit Cards: 10 signature based debit card purchase transactions must post and settle to your account per monthly qualification cycle. Pin based debit card transactions processed by merchants and received by the bank as POS transactions count towards qualifying debit card transactions.
- Electronic Statements: Be enrolled and receive your monthly account statement electronically.Please contact us for details on how to enroll.
- Direct Deposit or ACH: One direct deposit or one ACH automatic payment or one online bill payment must post and settle to your account per monthly qualification cycle.
Please note that transactions MUST post and settle to your account during the monthly qualification cycle. They may not be in a pending state to qualify as one of the qualifications. Transactions may take one or more banking days from the date the transaction was made to post and settle to an account.
Compounding and crediting frequency - Interest will compound every month and be credited to your account every month unless you also have a Kasasa Saver account, and have selected the option to link the Kasasa Saver to the Kasasa Checking account, then interest will not be compounded. Interest will be credited to your Kasasa Cash account on the last day of your statement cycle and immediately transferred to your Kasasa Saver account on the first business day of the following statement cycle.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account - You must deposit $1.00 to open this account. See our Fee Schedule for a listin of possible fees that may apply to your account. Effective October 31, 2014, if you close your account before the first statement cycle you may be charged a $15.00 fee.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Monthly qualification cycle - Monthly qualification cycle means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle.
ATM Fee Reimbursement - If you have met your qualifications for the monthly qualification cycle, we will reimburse you for all ATM fee imposed by our institution as well as fees imposed by other U.S. financial institutions and deposit them into your account at the end of each end-of-cycle period. However, if you have a Kasasa Saver account linked to your Kasasa Cash account, any fee refunds will be deposited into your Kasasa Cash account and immediately transferred to your Kasasa Saver account on the first business day of the following statement cycle. ATM fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction. ATM fees of $5.00 or higher will be reimbursed if the appropriate ATM receipt is presented to a customer service representative at one of our branches. If you believe that you have not been reimbursed the correct amount, please contact us. Note: ATM withdrawals do not count as qualifying debit card transactions for purpose of earning rewards with this account. If you close your account, you will not receive reimbursements that have not yet been credited to your account.
Limitation on Number of Accounts - Limit two Kasasa Cash accounts per household.
Additional Terms: You will automatically qualify for the Preferred Rate and the ATMS fee reimbursements for the first statement cycle after account opening.