Free Kasasa Cash Checking
With Kasasa Cash, you can get paid monthly — in high interest and refunds on ATM withdrawal fees.*
At First Bank of Alabama, we basically pay you to bank here. Open a free Kasasa Cash checking account and get rewarded for doing simple banking activities, like using your debit card.*
Why You'll love Kasasa Cash®
Earn up to 5.25% APY (Annual Percentage Yield) and get refunds on your ATM withdrawal fees, nationwide. Add Kasasa Saver® to your account to make saving easy and automatic. Visit us today to open your accounts!*
It's free.
You earn high interest.*
When you meet your account's qualifications during a Monthly Qualification Cycle, you'll receive:
5.25% APY on all balances up to and including $15,000.00 and
5.25% to 0.90% APY on balances over $15,000.00, depending on balance in account
When qualifications are not met, you still earn 0.05% APY on the entire balance.
Plus refunds on ATM withdrawal fees - nationwide.*
When you meet your account's qualifications during a Monthly Qualification Cycle, you'll receive:
When qualifications are not met, ATM withdrawal fees are not reimbursed.
Qualifying for rewards is easy.
To earn high interest and ATM withdrawal fee refunds, simply do the following each Monthly Qualification Cycle:
That’s It!!
Didn’t qualify? Don’t worry!
Note: eStatement is required to open and maintain the account.
*KASASA CASH PRODUCT PAGE DETAILS
Qualifications:
- At least 10 debit card purchases post and settle each cycle.
- Be enrolled in and log into online banking.
Enrollments must be in place and all of the transactions and activities listed above must post and settle to your Kasasa Cash account during each Monthly Qualification Cycle. 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. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by First Bank of Alabama as ATM transactions, non-retail payment transactions, and purchases made with debit cards not issued by First Bank of Alabama. "Monthly Qualification Cycle" means 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.
Reward Information Without Linked Kasasa Saver Account:
When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, balances up to $15,000 earn 5.13% interest rate resulting in an APY of 5.25%; and balances over $15,000 earn 0.25% interest rate on the portion of balance over $15,000, resulting in a range from 5.25% to 0.90% APY depending on the account's balance and you will receive reimbursements up to $25 for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. When Kasasa Cash qualifications are not met, all balances in the account earn 0.05% interest rate resulting in 0.05% APY and ATM fees are not refunded. Interest and ATM fee reimbursements will be credited to your Kasasa Cash account on the last day of the current statement cycle. Interest is compounded every month. APY = Annual Percentage Yield. APYs are accurate as of 07-21-2023. Rates and rewards are variable and may change at any time after the account is opened. FBA charges such as overdraft charges or stop payment charges may apply. Fees may reduce earnings.
Reward Information With Linked Kasasa Saver Account:
When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, balances up to $15,000 earn 5.13% interest rate resulting in an APY of 5.13%; and balances over $15,000 earn 0.25% interest rate on the portion of balance over $15,000, resulting in a range from 5.13% to 0.25% APY depending on the account's balance and you will receive reimbursements up to $25 for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. When Kasasa Cash qualifications are not met, all balances in the account earn 0.05% interest rate resulting in 0.05% APY and ATM fees are not refunded. Interest and ATM fee reimbursements will be credited to your Kasasa Cash account on the last day of the current statement cycle and transferred to your Kasasa Saver account within one business day. This automatic transfer may cause an overdraft to your Kasasa Cash account if the balance is less than the transferred amount when the transfer occurs. When the Kasasa Cash account is linked to the Kasasa Saver account, the interest earned does not compound since it is automatically transferred to the Kasasa Saver account within one business day. APY = Annual Percentage Yield. APYs are accurate as of 07-21-23. Rates and rewards are variable and may change at any time after the account is opened. FBA charges such as overdraft charges or stop payment charges may apply. Fees may reduce earnings.
Additional Information:
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. Kasasa Cash Account and Kasasa Saver Account require electronic delivery of statements. Minimum to open Kasasa Cash Account is $50 and $50 for Kasasa Saver Account. Enrollment in electronic services (e.g. online banking, electronic statements, and log-ons are required to meet some of the account's qualifications. Consumer accounts only. Limit one account per social security number. The daily balance method is used to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). There are no recurring monthly maintenance charges or fees to open or close this account. If you close your account before interest is credited, you will not receive the accrued interest.
ATM fees are not paid if the account is closed prior to the end of the statement cycle. Carrier data rates may apply. Contact one of our First Bank of Alabama service representatives for additional information, details, restrictions, processing limitations and enrollment instructions.
Member FDIC.
Kasasa, Kasasa Cash, and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.
