Sunday, 26 April 2020

How do Kasasa® Accounts Work?



Everyone is interested in ways to put a little extra money into their pocket. Some financial institutions, like credit unions in Dallas, are offering special checking accounts that can help. Kasasa® brand checking accounts have above-market interest rates and other rewards.

Each Kasasa® partner has simple qualifications you need to meet monthly to be able to earn rewards. These are based on things members are typically already doing. The goal of each qualification is to earn or save the credit union money so they can share that money with the member in the form of a reward.

Typical Kasasa® qualifications could be any or all from the list below:

1.      Specific numbers of debit card transactions in a month: Debit card transactions earn money for the credit union. Merchants have to pay a fee on each transaction made with a debit or credit card to the card issuer. The more you use your card, your credit union will receive those additional transaction fees.

2.      Transition to e-statements instead of paper statements: The credit union saves money on paper cost, postage, and paying an employee to put together statements and mail them to you.

3.      Use online banking regularly: Logging into your online banking system allows credit unions to easily keep members up to date. The institution can also track member engagement and build a stronger relationship with each member.

The bottom line? Kasasa® accounts are designed to allow Kasasa® partnering institutions to motivate their members to help them make or save money. Then they reward members for participating with things they actually want like high-interest returns, digital downloads, donations, or cashback. This helps the institution grow and maintain its member base and provide each member with great service. For members, it’s a simple way to earn a little extra every month, mostly by doing things you’re already doing.

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