Neighborhood Credit Union

Kasasa Checking FAQ’s

    • What is Kasasa?
      Kasasa, a national brand, is a new way to bank that puts you first,
      partnering with only credit unions and community banks. Kasasa offers free checking and savings accounts with rewards you actually want, like really high rates, cash back & digital downloads.

 

    • What do your Kasasa checking accounts offer if I meet the monthly qualifications?
      • Earn 2.50% APY* high-yield interest (Kasasa Cash)
      • $5 monthly refund credit for iTunes or Amazon** (Kasasa Tunes)
      • Receive a one-time $25 refund credit for iTunes or Amazon (Kasasa Tunes)
      • Unlimited free nationwide ATM withdrawal fee refunds* (Kasasa Cash & Kasasa Tunes)

 

    • Are Kasasa checking accounts free?
      Yes, Kasasa Cash and Kasasa Tunes are both free.

 

    • Why am I required to have e-statements?
      E-statements allow the credit union to save operating expenses. We are passing these savings on to you as a member with these new checking account benefits.

 

    • What are the debit card requirements for the accounts?
      Fifteen (15) individual or combined debit card or credit card transactions of $5.00 or more post and settle per qualification cycle (excluding ATM transactions). Transactions may take one or more banking days from the date transaction was made to post to and settle an account.

 

    • Can I still write checks?
      Yes, you can still write checks. There are no limits to the amount of checks you can write per month. Plus, there are no per check item fees.

 

  • What is a Monthly Qualification Cycle?
    The 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.

 

*APY=Annual Percentage Yield. APYs accurate as of 5/1/2015. Rates may change after account is opened. Minimum to open is $25. If qualifications are met each monthly qualification cycle: (1) Domestic ATM withdrawal fees incurred during qualification cycle will be reimbursed and credited to account on the last day of monthly statement cycle; (2) balances up to $50,000 receive APY of 2.50%; and (3) balances over $50,000 earn 0.20% dividends on portion of balance over $50,000, resulting in 2.50% to 0.97% APY depending on the balance. If qualifications are not met, all balances earn 0.01% APY. Qualifying transactions must post to and settle account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle an account. ATM transactions do not count towards qualifying debit card transactions. “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. Transfers between accounts do not count as qualifying transactions. Fees may reduce earnings. Limit one account per household. Courtesy Pay is available to qualified members following the qualification period and overdraft fees apply. See Fee Schedule.

**The minimum to open account is $25. You will be refunded up to $25 for iTunes® and/or Amazon.com® purchases that post to and settle account during the first 60 days after you open account. Refunds will be credited to the account on the last day of the statement cycle in which refundable purchases were made. In addition, each qualification cycle, earn up to $5 in refunds of iTunes and/or Amazon.com purchases if qualifications are met during previous monthly qualification cycle. Purchases must be made with the debit card or credit card associated with your Kasasa Tunes account. Qualifying transactions must post to and settle the account during the monthly qualification cycle. Transactions may take one or more banking days from the date the transaction was made to post to and settle account. ATM transactions do not count towards qualifying debit card transactions. “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. iTunes is a registered trademark of Apple, Inc. and Amazon.com is a registered trademark of Amazon Inc. Apple Inc. and Amazon Inc. are not participants in or sponsors of this program. Fees may reduce earnings. Limit one account per SSN. Courtesy Pay is available to qualified members following the qualification period and overdraft fees apply. See Fee Schedule.