Ready to earn your rewards?
You won't even have to break a sweat. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash Back account during each Monthly Qualification Cycle:
- At least 1 direct deposit, ACH credit, or ACH payment transaction
- At least 12 debit card purchases
- Be enrolled in and agree to receive eStatements
So easy. And if you don’t meet your qualifications one month, your account is still free. And you can get back to earning your full rewards during the very next qualification cycle.
Kasasa Cash Back - Truth In Savings Disclosure
This disclosure contains the rules that govern your deposit account as of 12/27/2018.
Kasasa Cash Back: A free variable reward checking account with no minimum balance
that rewards accountholders with cash back on their PIN-based / signature-based debit
card purchases and nationwide ATM withdrawal fee refunds when they meet minimum
qualifications during the account's Monthly Qualification Cycle.
Purpose and Expected Use of Account
This account is intended to be the accountholder's primary share draft account in which
payroll transactions and day-to-day spending activities including but not limited to
grocery, gasoline, apparel, shopping, dining, sporting and entertainment transactions are
posted and settled.
Commensurate with the spending activities identified above, we expect the account's
debit card to be used frequently throughout each month and for transaction amounts to
reflect a wide dollar range. Small debit card transactions conducted on the same day at a
single merchant and/or multiple transactions made during a condensed time period
particularly near the end of a Monthly Qualification Cycle are not considered normal,
day-to-day spending behavior. These types of transactions appear to be conducted with
the sole purpose of qualifying for the account's rewards and thus will be deemed
inappropriate transactions and will not count toward earning the account's rewards.
Valley Communities Credit Union reserves the right to determine if the account is being
maintained for a purpose other than day-to-day, primary use. Accountholders who persist
in making debit card transactions in a calculated and limited fashion in order to meet their
monthly qualifications may have their accounts converted to a different share draft
account or closed altogether. We also reserve the right to convert the account to a
different share draft account if the account does not have consistent active use over
3(three) consecutive Statement Cycles.
We have the right to close this account at any time, with proper notice. Our decision to
close the account will not affect your existing obligations to us including any obligation
to pay fees or charges incurred prior to termination. No deposits will be accepted and no
checks will be paid after the account is closed. If the account is closed, you will forfeit
any rewards that have not been credited to your account. A Valley Communities Credit
Union check for the remaining balance, if applicable, will be mailed to accountholder at
the address indicated on our current records. Upon termination of your Kasasa Cash Back
account, any optional add-on products / services associated with this account will also be
terminated at the same time.
To earn your rewards, the following enrollments must be in place and all transactions and
activities must post and settle to your Kasasa Cash Back account during each Monthly
At least one direct deposit(s)
At least one ACH credit or ACH payment transaction(s)
At least a combined total of 12 PIN-based / signature-based debit card purchases or more
Be enrolled in and log into online banking
Be enrolled in and have agreed to receive e-statements rather than paper statements
Maintain a valid email address on record with credit union
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 our credit union as ATM transactions, non-retail payment transactions
and purchases made with debit cards not issued by our credit union. Transactions bundled
together by merchants and received by our institution as a single transaction count as a
single transaction for the purpose of earning account rewards.
"Monthly Qualification Cycle" means a period beginning one (1) banking day prior to the
first day of the current statement cycle through one (1) banking day prior to the last
business day of the current statement cycle. "Banking Day" means any business day on
which an office of the credit union is open to the public for the purpose of carrying out
substantially all of its banking functions. "Business Day" means a calendar day other than
a Saturday or a Sunday, January 1, the third Monday in January, the third Monday in
February, the last Monday in May, July 4, the first Monday in September, the second
Monday in October, November 11, the fourth Thursday in November, or December 25. If
January 1, July 4, November 11, or December 25 falls on a Sunday, the next Monday is
not a Business Day.
"Statement Cycle" means the period of time for which our credit union provides a
summary of the financial activities and transactions that post and settle to the
When Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle,
you will receive $3.00 cash back on up to a total of $200.00 PIN-based/signature-based
debit card purchases that post and settle to the account during that cycle period. A
maximum of $6.00 cash back payments may be earned per Monthly Qualification Cycle.
You will receive reimbursements up to an aggregate total of $15.00 for nationwide ATM
withdrawal fees incurred within your Kasasa Cash Back account during that Monthly
Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the
withdrawal information we receive does not identify the ATM withdrawal fee. If you
have not received an appropriate reimbursement, we will adjust the reimbursement
amount if we receive the transaction receipt within sixty (60) calendar days of the
When your Kasasa Cash Back account qualifications are not met, no cash back payments
are made and ATM withdrawal fees are not refunded.
Cash back payments and nationwide ATM withdrawal fee reimbursements will be
credited to your Kasasa Cash Back account on the last day of the current statement cycle.
Rates, rewards, and bonuses, if any, are variable and may change after account is opened
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. You will automatically qualify
for the account's rewards during your account's first statement cycle. If the account is
closed before rewards are credited, you will forfeit the rewards.
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and
other requirements apply. No minimum deposit is required to open the account. Monthly
Direct Deposit/ACH credit and enrollment in online banking are condition(s)] of these
account(s). See accompanying schedule of Consumer Fees and Charges for fees that may
apply to this account. Enrollment in electronic services (e.g. online banking, estatements) and log-ons may be required to meet some of the account's qualifications.
Limit of 1 (one) account(s) per member SSN. There are no recurring monthly
maintenance charges or fees to open or close this account. This account is not to be used
for commercial purposes. If the account is closed, you will forfeit any rewards that have
not been credited to your account. Contact one of our credit union service representatives
for additional information, details, restrictions, reward calculations, processing
limitations, cycle dates and enrollment instructions. Federally insured by NCUA. Kasasa
and Kasasa Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A.