Kasasa Products

 


Kasasa Cash

Our free Kasasa® Cash checking account pays you just for banking with us. When you do simple activities (like using your debit card) we reward you in cash every month – and there’s never a monthly maintenance fee!

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It’s Easy to Qualify for Your Kasasa Cash® Rewards:

Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash® account during each Monthly Qualification Cycle:

And if you don’t meet these qualifications, don’t worry — your account is still free, and you’ll earn our base rate. As a plus, you can get right back to earning your full rewards the very next cycle that you qualify.

Qualification Schedule

 


Kasasa Saver

Our free Kasasa Saver® account links to your Kasasa Cash® checking to automatically transfer your Kasasa® rewards. As a perfect pair, these two free accounts work together to maximize your Kasasa® earnings and make saving effortless!

Visit Us to Enroll

Qualifying for Kasasa Saver® Rewards is a Piece of Cake:

Qualifying for your Kasasa Cash® rewards automatically qualifies you for the highest Kasasa Saver® rate, too. 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:

And if you don’t meet these qualifications, don’t worry — your account is still free, and you’ll earn our base rate. As a plus, you can get right back to earning your full rewards the very next cycle that you qualify.

Visit Us to Enroll

 


Contact

Feel free to contact us at 610.644.9400. Or for more information, please visit one of our many local Financial Centers or or email us at Kasasa@MyMalvernBank.com.

 

 


Monthly Qualification Requirements:

To earn your rewards, the following enrollments must be in place and all transactions and activities 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 our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. 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 bank 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 bank provides a summary of the financial activities and transactions that the accountholder's account.

Reward Information:

When your Kasasa Cash® account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account(s) on the last day of the statement cycle:

Daily balances up to and including $25,000.00 in a Kasasa Cash® account earn an interest rate of 2.96% resulting in an APY of 3.00%: and daily balances over $25,000.00 earn an interest rate of .50% on the portion of the daily balances over $25,000.00, resulting in a range from 3.00% to 1.13% APY depending on the account’s daily balance.

In addition, daily balances up to and including $100,000.00 in your Kasasa Saver® account earn an interest rate of 1.00% resulting in an APY of 1.00% and daily balances over $100,000.00 earn an interest rate of .50% on the portion of the daily balance over $100,000.00, resulting in a range from 1.00% to .79% APY depending on the Kasasa Saver® account’s daily balance.

Consumers will receive reimbursements up to an aggregate total of $25.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash® account during the 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 withdrawal transaction.

When your Kasasa Cash® qualifications are not met, the interest rate earned on the account's entire daily balance will be .05% resulting in a non-compounding annual percentage yield of .05% and ATM withdrawal fees are not refunded. In addition, the entire daily balance in the Kasasa Saver® account earns an interest rate of .05 resulting in an annual percentage yield of .05%

Interest will be credited to your Kasasa Cash® account on the last day of the current statement cycle.

Nationwide ATM withdrawal fee reimbursements will be credited to your account on the last day of the current statement cycle.

*APY = Annual Percentage Yield.

Rates are accurate as of 04/01/2019.

Additional Information:

Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. See accompanying fee schedule for fees that may apply to this account. Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of the account's qualifications. Limit of one account per tax identification number. 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. A Kasasa Cash® account is required to have a Kasasa Saver® account. If, for whatever reason the Kasasa Saver® portion of your account is closed, your account will automatically be converted to the associated standalone Kasasa Cash® account and that account's terms and conditions articulated within their specific disclosure will apply. A linked Kasasa Saver® account is required for automatic savings.

Account Limitations:

Transfers or withdrawals from a Kasasa Saver® account to (a) another account of the same depositor at our institution or to (b) a third party or an account of the same depositor at another bank, if made by preauthorized transfer, automatic transfer, telephone, fax or internet banking service and (c) transfers or withdrawals to a third party or to an account of the depositor to another account at another bank made by check, draft, debit card are limited to an aggregate total of six (6) per calendar month. There is no limit to the number of transfers or withdrawals from your Kasasa Saver® account to repay loans at our institution or are made in person, by mail, by messenger or at an ATM. These transactions are considered made on the date the transaction posts and settles to your account, not the date the withdrawal request was initiated.

Contact one of our bank service representatives for additional information, 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.