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 listing 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.