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Key Features

  • Earns High Interest
  • Refunds on ATM Withdrawal Fees*
  • No Monthly Maintenance Fees
  • Free checking that pays high interest
    • 3.04% APY* on balances up to $50,000
    • 3.04% to 1.18% APY on balances over $50,000 depending on balance in account*
    • 0.05% APY* if qualifications aren't met
  • Refunds on ATM withdrawal fees, nationwide (up to $25 monthly)*
  • Link to free Kasasa Saver® to build savings automatically
  • No minimum balance to earn rewards
  • No monthly maintenance fees
  • Free digital banking, including:
  • Free Mastercard® debit card*
  • Surcharge-free ATMs available
  • No minimum deposit to open

Please note condition/s of this account includes: Limit on Accounts 1 per Customer

Qualifying for Kasasa Cash Rewards Is Easy

To earn your rewards, all of the following must be in place and all transactions and activities must post and settle to your linked Kasasa Cash or Kasasa Cash Back account during each Monthly Qualification Cycle:

  • At least 12 debit card purchases
  • Be enrolled in eStatements
  • At least 1 direct deposit, ACH credit, or ACH payment transaction

And if you don’t meet these qualifications, don’t worry — your account is still free and you’ll earn our base rate.

Plus, you can get right back to earning your full rewards the very next cycle that you qualify.

Please note: Limit one account per Customer.

Qualification Information:

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.  Debit card purchases require the use of your Farmers and Merchants Bank issued debit card.

The “Monthly Qualification Cycle” ends one business day prior to your statement cycle end date.  The next Qualification Cycle start date begins the following calendar day.  A chart of specific Monthly Qualification Cycle dates can be found on our website at, or can be obtained by contacting one of our bank service representatives.

“Statement Cycle” means the period of time for which our bank provides a summary of the financial activities and transactions that post and settle to your account.

*Reward Information:

When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $50,000 in your Kasasa Cash account earn an interest rate of 3.00% resulting in an APY of 3.04%; and daily balances over $50,000 earn an interest rate of .25% on the portion of the daily balance over $50,000.  This will result in a range from 3.04% to 1.18% APY depending on the account's daily balance (when using an assumed balance of $150,000 and an assumed statement cycle of thirty-one (31) days.)

You will receive refunds up to an aggregate total of $25.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash account during that Monthly Qualification Cycle. We refund 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 refund, we will adjust the refund amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. 

When your Kasasa Cash account qualifications are not met, the interest rate earned on the account's entire daily balance will be .05% resulting in an APY of .05% and ATM withdrawal fees are not refunded.

Kasasa Cash interest and nationwide ATM withdrawal fee refunds will be credited to your account on the last day of the current statement cycle. 

APY = Annual Percentage Yield.

APYs accurate as of 06/18/19.

Rates and rewards 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. Fees may reduce earnings.

Additional Information:

Account approval, qualifications, limits, timeframes, enrollments and other requirements apply.

No minimum deposit is required to open the account.

Limit of one account per customer.

There are no recurring monthly maintenance charges or fees to open or close this account.

Advertised information and rewards are based on all account qualifications being met during each cycle period.

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 bank service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.

Member FDIC.


Kasasa and Kasasa Cash are trademarks of Kasasa Ltd., registered in the U.S.A.