In 2005, Kasasa Checking revolutionized the banking industry by offering free checking accounts that provide rewards to customers and refund all of their ATM fees. Better yet, they provided these services to local banks and credit unions nationwide. DEXSTA Federal Credit Union is proud to offer Kasasa checking accounts to our customers in New Castle County. Here’s what you need to know.
What Is Kasasa Checking?
Headquartered in Austin, Texas, Kasasa provides financial services to local banks and credit unions nationwide. Its award-winning checking account was designed to support small communities throughout the country by providing financial incentives such as free checking and a rewards program similar to that of many popular credit cards. Here are all of the details:
You Receive a Free Checking Account
Kasasa’s checking account is completely free. Always. That means you never pay for your checking account no matter what you do. There is no monthly service fee, there is free online and mobile banking, there are free statements, and you receive a free debit card. Not to mention, you get unlimited check writing, and there is no minimum deposit to open. So yes, we’re not joking. It’s a free checking account.
You Receive Rewards for Using It
Even better, you receive rewards for using it. Much like a credit card rewards program (but without the high interest rates), your Kasasa checking account will reward you with high interest rates and dividends, cash back, rewards cards, or a savings account depending on your preferences. All you have to do is use your debit card twelve times each month, log into your bank account online, and sign-up to receive e-statements.
From there, you will receive rewards based on your balance. You will earn 2.02% APY on balances up to $10,000 or 2.02% to 0.27% APY on balances over $10,000. If you don’t meet the monthly requirements to receive rewards, you will still receive 0.05% APY. So you’ll always get rewards no matter what, and your checking account will still be free no matter what. We told you it was good.
You Receive Refunds on ATM Withdrawal Fees Nationwide
As the icing on the cake, Kasasa checking accounts offer the use of every single ATM in the country free of charge. That means you can go to any ATM nationwide (even if it doesn’t belong to DEXSTA Federal Credit Union) and we will refund the withdrawal fee they charge you. Again, all you have to do to receive this benefit is use your account—plain and simple.
DEXSTA Federal Credit Union offers the Kasasa checking account and savings account to our customers in the New Castle County. If you are not yet a customer, join us! You can open your account with as little as $5.