6 myths about Kasasa checking accounts
6 myths about Kasasa checking accounts
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6 myths about Kasasa checking accounts

It’s great that everybody is talking about Kasasa checking. But just like every game of telephone, when people talk information gets distorted. It’s okay — Kasasa checking accounts can be confusing when you're so used to the unnecessary banking fees, and questionable personal service you've received from big banks in the past.


We’ve rounded up a few common myths and misconceptions about Kasasa to spread the word about our rewards.


Feel free to pass this information along and do a little myth-busting of your own. If you see anyone who is confused about how Kasasa accounts work, share this post with them.


Myth 1 — Kasasa accounts are not FDIC / NCUA insured


Kasasa partners with financial institutions — both credit unions and community banks — and all of them are insured by either the FDIC, NCUA, or ASI. Deposits at community banks are FDIC insured up to $250,000. Deposits at credit unions are also insured up to $250,000 by either the NCUA or ASI. When you open a Kasasa account, you can sleep tight knowing your financial institution has the proper protections in place to safeguard your money.


Myth 2 — You can get Kasasa accounts at any financial institution


Kasasa checking and savings accounts are exclusively available at community banks and credit unions for two reasons. First, because community banks and credit unions are known for their personal service. Secondly, because community banks and credit unions are vital to the well-being of local economies and the U.S.


See why your money is better off at a community bank or credit union.


Myth 3Kasasa is one account that does a lot of things


Kasasa offers accounts designed to give you what you want. All accounts are free, have no minimum balance requirements, offer nationwide ATM fee refunds, and free online banking.*


You can choose the account with the rewards that are right for you:

  • Kasasa Cash® — you earn a high interest rate paid in cash, every month you qualify.

  • Kasasa Cash Back® — no category restrictions like gas or groceries, you earn cash back on everyday debit card purchases every month.

  • Kasasa Tunes® — perfect for online shoppers, music lovers, and app gamers, you earn monthly iTunes® and Amazon® refunds.

  • Kasasa Saver® — a free account that is linked to your Kasasa Cash or Kasasa Cash Back account. Every month, the ATM fee refunds and the interest you earn in your Kasasa Cash or Kasasa Cash Back account are automatically transferred to this account. In addition, the balance in your Kasasa Saver account also earns a high rate of interest.

Don't you wonder why every account doesn't come with such perks?  We're proud to help local banks and credit unions provide Kasasa accounts that allow them to offer such awesome rewards.


Myth 4Kasasa Cash and Kasasa Saver are a combined rate


Kasasa Cash and Kasasa Saver are two separate accounts that earn different interest rates. You will earn one interest rate on the balance in your Kasasa Cash account, for example 3.00% APY, along with ATM fee refunds.*


Every month that you qualify for the interest and ATM fee refunds in your Kasasa Cash account, you will then earn a high interest rate on the balance in your Kasasa Saver account, for example 1.50% APY.


If you don’t qualify one month, both accounts are still free and each earn a base rate. This is true when you pair Kasasa Saver with a Kasasa Cash Back account.


Myth 5All account qualifications are the same or based on a single account


Kasasa Cash, Kasasa Cash Back, and Kasasa Tunes may all have different monthly qualifications depending on the financial institution where you bank. Only the Kasasa Saver account benefits are rewarded when you meet the monthly qualifications for your paired Kasasa Cash or Kasasa Cash Back account.


Myth 6You must start an application to see the rates


You do not have to start an application to view rates. To see which banks and credit unions near you offer Kasasa, search “Kasasa” plus your city name in your favorite search engine. Visit our homepage to learn more.


On the results page, select one of the Kasasa providers near you — you’ll be able to view all the account details on their website. You will have the opportunity to view rates, benefits, and qualifications, and then you can select the account that is right for you before beginning the application process.


If you already belong to a credit union or bank that offer Kasasa checking accounts, you can simply ask to make your account a Kasasa Cash or Kasasa Cash Back account and start earning rewards this month.


You deserve rewards — find yours today.


*Qualifications, limits, and other requirements apply to earn rewards on Kasasa accounts. See your chosen financial institution for details.


Tags: Rewards banking, Banking

About Kasasa

We believe your money should do more... for you and your community. Founded in 2003, Kasasa is a financial and technology services company working to help empower consumers to take control of their finances and be proud of their money by banking locally with community banks and credit unions in your neighborhood, that you know and trust.

These local institutions have roots in their communities, care about people over profits, and are actively invested in local businesses to help keep the economy strong (unlike some of the megabanks we could name).

We believe you shouldn't have to choose between the best banking products, the best customer experience, or keeping your money local, where it can do more good. We've created ethical banking products and partnered exclusively with community banks and credit unions. So you can have it all.

Kasasa accounts are available at community financial institutions around the country. Find one near you to get free checking that pays cash rewards each month you qualify, the only loan with Take-Backs™, and more.