*Kasasa Cash Checking. The Kasasa Cash Checking account is a tiered rate account. If you meet the minimum qualification requirements during the monthly qualification cycle, balances up to $20,000 receive APY of 2.50%; and balances over $20,000 earn 0.35% interest rate on the portion of balance over $20,000, resulting in a range from 0.71% to 2.50% APY depending on the account’s balance. In addition, we will refund up to $25.00 (max. $4.99 per single transaction) in ATM fees assessed at nationwide ATMs we do not own or operate. An ATM receipt must be provided for any ATM fee of $5.00 or greater to receive the refund. 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 60 calendar days of the withdrawal transaction. ATM refunds will be paid on the last business day of the month. If you have a Kasasa Saver Savings account, dividends earned on the Kasasa Cash Checking account and ATM fees refunded to you will automatically be transferred to your Kasasa Saver Savings account; in that event, dividends will not compound in the Kasasa Cash Checking account. If you do not have a Kasasa Saver Savings account, dividends earned and ATM fees reimbursed will remain in your Kasasa Cash Checking account and dividends will compound in your account as listed in the Rate Schedule. When Kasasa Cash qualifications are not met, all balances in the account earn a dividend rate of 0.05% with an APY of 0.05% and ATM fees are not refunded. When linked to the Kasasa Saver account, the dividends earned within the Kasasa Cash Checking account does not compound since it is automatically transferred to the Kasasa Saver account within one day. This automatic transfer may cause an overdraft to your Kasasa Cash Checking account if the account’s balance is less than the transferred amount when transfer occurs. APY = Annual Percentage Yield. Rates are accurate as of February 4, 2019. There are no recurring monthly maintenance charges or fees to open or close this account. You may qualify for monthly rewards if you meet the applicable minimum qualification requirements for monthly qualification cycle. To meet the minimum qualification requirements, you must: 1) make 12 Debit card purchases that post and settle your account; 2) have at least one (1) ACH Payment or bill pay transaction(s) post and settle; 3) be enrolled in and log in to Online Banking monthly. Monthly receipt of electronic statements are a condition(s) of this account. The monthly qualification cycle is defined as 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. Account transactions may take one or more business days from the date the transaction was made to post and settle to the account. All transactions must post and settle during the monthly qualification cycle in order to qualify for the account’s reward. The following transactions do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit purchases processed by merchants and received by our credit union as ATM transactions, non-retail payment transactions, and purchases made with debit cards not issued by our credit union. We reserve the right to convert the account to a different checking account if the account does not have consistent active use over four consecutive Statement Cycles. There is a limit of one Kasasa checking account per social security number. Contact one of our Account Managers for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA. Kasasa, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.
Enjoy high interest earnings and refunds on ATM withdrawal fees.*
At eDCU, we kind of like you. In fact, we want to reward you just for being a member. That’s why we offer Kasasa Cash® — free checking that pays up to 2.50% APY* on your balance, just for doing super simple activities you probably already do. You’ll even get refunds on ATM withdrawal fees, nationwide! If you really want to rake in the savings, add a free Kasasa Saver® account to make saving effortless. Because at eDCU, we don’t just like you — we love you!
- Free checking that pays high dividends
- 2.50% APY* on balances up to $20,000
- 2.50% to 0.71% APY on balances over $20,000 depending on balance in account*
- 0.05% APY* if qualifications aren't met
- Refunds on ATM withdrawal fees, nationwide (up to $25 monthly)*
- Link to free Kasasa Saver® to build savings automatically
- No minimum balance to earn rewards
- No monthly maintenance fee
- Free online banking & bill pay
- Free mobile banking with mobile deposit
- Free eStatements
- Free Visa® rewards debit card
- Nationwide surcharge-free ATMs via the CO-OP and MoneyPass ATM networks
- Get in-person service across the country via the CO-OP shared branch network
- NCUA insured up to $250,000
- No minimum deposit to open
Please note that you must be enrolled in eStatements to open and maintain this account.
It’s so easy to earn your rewards!
Due to COVID-19 and the Stay in Place Order, we know it may be difficult to reach the usual requirement of 12 debit card purchases during the monthly Kasasa qualification cycle. Some things are out of your control, so we have lowered the required debit card purchases from (12) twelve to (6) six for the April and May 2020 monthly qualification cycles. Just a little something to let you know we understand and care.
Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash account during each Monthly Qualification Cycle:
- At least 1 ACH payment or bill pay transaction
- At least 6 debit card purchases
- Be enrolled in and log into online banking
And if you don’t meet these qualifications, don’t worry — your account is still free.
Plus, you’ll still earn our base rate. And you can get right back to earning your full rewards the very next cycle that you qualify.