Instead of earning a typical interest rate, Kasasa Cash Back account holders earn cash back on qualifying everyday debit card purchases. Kasasa Cash Back accounts are free, have no monthly service fee, no minimum balance to earn the rewards, and offers ATM fee refunds.
The cash back amount is based on how much the consumer spends on his or her debit card.
To earn cash back, each monthly qualification cycle account holders are asked to access online banking, receive monthly eStatements, and have an electronic transaction (such as direct deposit) post to their account. And if an account holder does not meet the qualifications in a given month, the account remains free and eligible for benefits the following month.