What Type of Checking Account Are You?

Does your basic checking account pay you in the form of rewards? If the answer is no, then you should make a change. Here at Alltrust, we recently introduced three new, free, Kasasa® accounts and getting rewarded* for everyday banking is easier than ever. Alltrust now offers Kasasa Cash checking, Kasasa Cash Back checking, and Kasasa Saver. If you are unsure of which reward checking account best suits, here is a little guide to help you get started.

If you normally hold a higher balance in your checking account, you might benefit from Kasasa Cash. Kasasa Cash is a checking account that will offer a high dividend rate. For those who like to carry a little bit of a balance from month to month, you could be earning higher dividends with each statement cycle. This account gives you the benefits of a high yield savings account with the same privileges as a checking account.

If you are someone who uses their debit card as your main source of payment, you might benefit from Kasasa Cash Back. This account gives you a percentage of cash back on every debit card purchase.  It works similarly to a cash back credit card except it comes out of your checking account, so you don’t have to worry about paying the card later. This account is great because you can earn a little of your money back on your purchases.

Whether you hold a high balance or swipe the debit card frequently, you benefit either way. Both free checking accounts come with the option of a Kasasa Saver which is a savings account that can build from your earnings from the checking account. In other words, the cash back you earn or the dividends from the high interest rate can sweep (transfer) into the Kasasa Saver automatically. A savings account that could get funded by itself. Sign me up!

All these accounts are free! No monthly maintenance fee and no minimum balance to earn rewards. In addition, you can also get ATM fee refunds* when you use a foreign ATM.

All you have to do to qualify for the rewards, per monthly qualification cycle, is:

  • Make 12 debit card purchases.
  • Have one direct deposit or ACH automatic payment.
  • Enroll and agree to e-statements.

If you want to learn more about our Kasasa accounts, visit a branch today. As always, if you want to know more about any other topic, please email media@alltrustcu.com




* 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. “Monthly Qualification Cycle” means a period beginning one (1) day prior to the first banking day of the current statement cycle through one (1) day prior to the last banking day of the current statement cycle. Please contact one of our branch service representatives for specific Monthly Qualification Cycle dates. You will receive reimbursements up to an aggregate total of $25.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash or Kasasa Cash Back account during that Monthly Qualification Cycle. Rates, rewards, and bonuses, if any, are variable and may change after account is opened; rates may change without notice to you. No minimum balance is required to earn or receive the account’s rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. There are no recurring monthly maintenance charges or fees to open or close these accounts. A Kasasa Cash or Kasasa Cash Back account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. Advertised information and rewards are based on all account qualifications being met during each cycle period. Contact one of our credit union service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.