Kasasa Cash

Does your checking account have a high balance? Do you want to earn money on a free checking account? If you answered yes to both questions then you need Kasasa Cash!

Features:

  • No minimum balance
  • Free online banking
  • Free Billpay
  • Free e-statements
  • Free debit card
  • BillPay
  • eDeposit
  • Co- Op® ATM Network- unlimited use of over 30,000 ATM’s throughout the country
  • Co-Op ® Shared Branching Network- unlimited use of over 5,000 “affiliated branches” throughout the country

Rewards

  • Balances up to $7,500 receive 2.00% APY*
  • Balances up to $7,500 earn .1499% interest rate on the portion of balance over $7,500, resulting in a range from 2.00% to 0.28% APY* depending on the balance in the account
  • Reimbursements for nationwide ATM fees*

Qualifications for the rewards:

  • Be enrolled in & log into online banking via desktop (non-mobile) device.
  • Have at least 12 debit card purchases post and settle by the end of the month

*APY=Annual Percentage Yield. APYs accurate as of 6/28/2017. Rates may change after account is opened. The minimum to open account online is $50. For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 and incurred during the Monthly Qualification Cycle in which you qualified. ; (2) balances up to $7,500 receive APY of 2.00%; and (3) balances over $7,500 earn 0.1499% dividends rate on the portion of the balance over $7,500, resulting in 0.28% – 2.00% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.02% APY. Qualifying transactions must post to and settle Kasasa Cash account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. Purchases must be made with debit card associated with your Kasasa Cash account. “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Kasasa Cash APY is based on compounding dividends. Actual dividend amount paid may be less than advertised Kasasa Cash APY. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $4.99 or higher.

Kasasa Cash Back

Do you want a free checking account? Do you want to get cash for using your debit card? Then Kasasa Cash Back is for you!

Features:

  • No minimum balance
  • Free online banking
  • Free Billpay
  • Free e-statements
  • Free debit card
  • BillPay
  • eDeposit
  • Co- Op® ATM Network- unlimited use of over 30,000 ATM’s throughout the country
  • Co-Op ® Shared Branching Network- unlimited use of over 5,000 “affiliated branches” throughout the country

Rewards

  • Receive 4.00% cash back on up to a total of $200.00 debit card purchases that post and settle to the account during that cycle period.
  • Maximum cash back earned of $8.00 per Monthly Qualification Cycle
  • Reimbursements for nationwide ATM fees*

Qualifications for the rewards:

  • Be enrolled in & log into online banking via desktop (non-mobile) device.
  • Have at least 12 debit card purchases post and settle by the end of the month

*APY=Annual Percentage Yield. 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. Qualifications = 1) making 12 signature based debit card point-of-sale purchases; 2) receiving your monthly statement electronically. Electronic statements are a condition to maintain this account; if the account is not enrolled within 60 days of account opening, Kasasa Rewards account will be converted to a free checking that does not receive rewards. Qualifying debit card transactions do not include ATM-processed transactions, transfers between accounts, debit and credit card purchases processed by merchants and received by Caro Federal Credit Union as ATM or PIN-based, and purchases made with non-Caro Federal Credit Union issued debit or credit cards. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle. When Kasasa Cash Back® qualifications are met during a Monthly Qualification Cycle, you will receive (1) 4.00% cash back on up to a total of $200.00 debit card purchases that post and settle to the account during that cycle period up to a maximum cash back earned of $8.00 per Monthly Qualification Cycle, as well as (2) reimbursements up to an aggregate total of $25 (max. $4.99 per single transaction) for nationwide ATM withdrawal fees imposed by other financial institutions and incurred during the Monthly Qualification Cycle in which you qualified. An ATM receipt must be presented for reimbursements of individual ATM withdrawal fees of $5.00 or higher. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM 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. When your Kasasa account qualifications are not met, reward distributions are not made. If qualifications are met, ATM rewards post on the last business day of the month and dividends post on the last day of the month. Rates and rewards are variable and may change after account is opened. Overdraft or NSF fees may reduce earnings. Account approval, conditions, qualifications, limits, time frames, enrollments, logons and other requirements may apply. No minimum deposit is required to open the account and earn APY. Enrollment in electronic services (e.g. online banking, electronic statements, and logons) may be required to meet some account qualifications. Limit 1 account(s) per social security number. There are no recurring monthly service charges or fees to open or close this account. Contact a Caro FCU service representative for additional information, details, restrictions, processing limitations and enrollment instructions.

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