Get More from Your Checking with Kasasa Accounts
With the prices of most goods rising, finding ways to save or earn money is more important than ever. Even the fees your bank charges you for having a checking account can add up over time to be a significant amount of money. Those fees could mean having enough money to fill your gas tank to get to work or not. You deserve to keep more of the money you earn, not put it in the pockets of for-profit banks.
A Kasasa® account from Lanco Federal Credit Union doesn’t have any monthly service fees, plus you can earn rewards like cash back or really high interest, depending on the account. It’s not hard to earn your rewards either—simply by doing typical banking activities, like buying things with your debit card.
Because Lanco FCU is a credit union, we return our earnings to our members through lower interest rates on loans, lower fees on our accounts, and the payment of higher dividends and rewards. If you live, worship, work, or learn in Lancaster County, PA, you can become a member today and start keeping and earning more money.
Kasasa Cash Back® Checking
Our most popular Kasasa account is Kasasa Cash Back checking. With this account, you can earn 2.5% cash back on debit card purchases during each monthly qualification cycle. There are no category restrictions, and there’s no points that you need to manage or request to cash in on. Every month that you qualify for rewards, you can earn up to $7.50 in cash back rewards that get deposited directly into your account.*
A monthly qualification cycle means a period that begins one calendar day before the first day of the current month through one calendar day before the last day of the current month. For example, in August, your cycle runs from July 31 through August 30.
To qualify for the account’s rewards, you simply need to make 12 debit card purchases post and settle to the account, have at least one direct deposit or automatic payment post and settle, and be enrolled in e-statements. And there are no minimum balances to earn rewards, so you can get rewards no matter how much money you have in the account, if you meet the account requirements.
Other benefits of this checking account include:
- Refunds on domestic ATM withdrawal fees nationwide, up to $30 a month*
- Ability to link to Kasasa Saver to earn high-interest dividends for easy savings
- No minimum balance requirement
- No monthly fees
- Free online banking
- Free e-statements
- Free mobile banking with remote check deposit
- Free Visa® debit card
- Unlimited check writing
Kasasa Cash® Checking
Another Kasasa account option is Kasasa Cash checking. Instead of earning cash back on debit card purchases, you’ll make a higher interest rate on your account balance than you would at a traditional bank. On balances up to $10,000*, you’ll earn 1.25% APY or annual percentage yield. APY is a percentage that reflects the amount of money or interest you earn on a bank account over one year and includes compound interest.
With the national average savings rate of only 0.10% APY and some of the best rates at online banks of 0.45% APY, you’ll quickly realize that Lanco FCU’s Kasasa Cash checking rate of 1.25% is an excellent APY.
The qualification requirements for this account are the same as the Kasasa Cash Back option. You’ll need to make at least 12 debit card purchases, have at least one direct deposit or automatic payment posted and settled to the account, and be enrolled in e-statements. ATM-processed transactions and transfers don’t count toward the qualifying debit card transactions, so be sure you’re using your debit card for everyday purchases!
If qualifications are not met, don’t worry! You’ll still earn 0.01% APY on your account balance, and there’s no penalty fees. Other benefits of this account include:
- Receive reimbursements on ATM withdrawal fees nationwide, up to $30 a month*
- No monthly service fees
- No minimum balance requirement
- Free online banking
- Free e-statements
- Free mobile banking with remote check deposit
- Free Visa debit card
- Unlimited check writing
Ready to Open a Kasasa Account? Become a Member Today!
If you’re ready to start earning more with your money, then it’s time to visit a Lanco FCU branch or apply online and become a member of our credit union! With only $5 required to become a credit union member and open a Kasasa account, and automatic qualification to earn rewards the first month, you have no excuse not to get started with Lanco FCU!
Our Kasasa Cash Back checking account allows you to earn up to $7.50 a month*, which amounts to $90 a year if you earn the maximum each month. What could you do with an extra $90 just for banking with us? Or, if you hold a larger balance in your account, the Kasasa Cash Checking account may be a better option, which earns a generous 1.25% APY on balances up to $10,000*.
Plus, once you’re a credit union member, you’ll enjoy all the perks of being a part of our family. Some benefits include low-interest rates on our lending products, high dividends with our Kasasa Cash checking rates, mobile banking, exclusive offers just for members, and more! Get started today by becoming a member of our credit union!
*Important Details:
No minimum deposit is required to open a Kasasa Cash or Kasasa Cash Back checking account, and there is no minimum balance to earn rewards. Lanco FCU membership with a minimum $5.00 share savings balance is required to open a Kasasa checking account. Account approval, conditions, qualifications, limits, timeframes, enrollments, and other requirements apply. Rates and rewards, accurate as of 8/1/2022, are variable and may change after the account is opened. APY means Annual Percentage Yield. Contact a Lanco FCU representative for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.
Qualification Information:
To earn your rewards, the following enrollments must be in place and all transactions and activities must post and settle to your Kasasa checking account during each Monthly Qualification Cycle: (1) Enrollment in E-Statements, (2) At least 1 direct deposit or ACH transaction, (3) At least 12 debit card purchases. ATM-processed transactions do not count toward qualifying debit card purchases. The Monthly Qualification Cycle is a period beginning one calendar day prior to the first day of the month and ending one calendar day prior to the last day of the month.
Reward Information:
Kasasa Cash Back. When qualifications are met during a Monthly Qualification Cycle, you will earn the following rewards on transactions which post and settle to your Kasasa Cash Back account during the cycle: (1) 2.5% cash back on debit card purchases up to a maximum of $7.50, and (2) reimbursements of domestic ATM fees up to a maximum of $30.00. When qualifications are not met, no cash back or ATM reimbursements will be earned during the cycle. Rewards earned are credited to the account on the last calendar day of the month. Rewards less than $0.01 cannot be distributed.
Kasasa Cash. Kasasa Cash is a tiered-rate checking account. When qualifications are met during a Monthly Qualification Cycle, you will earn the following rewards: (1) Kasasa Cash balances up to $10,000.00 earn 1.25% APY and balances $10,000.01 and over earn a 0.05% dividend rate on the portion of the balance over $10,000.00, resulting in 1.25%–0.16% APY depending on the balance, and (2) domestic ATM fees incurred during the Monthly Qualification Cycle will be reimbursed up to a maximum of $30.00 per cycle. When qualifications are not met, Kasasa Cash balances earn 0.01% APY and ATM fees are not reimbursed. Advertised APYs are accurate as of the last dividend declaration date. Rewards and dividends earned are credited to the account on the last calendar day of the month. Rewards less than $0.01 cannot be distributed.
Kasasa Saver. Kasasa Saver is a tiered-rate savings account available only to holders of a Kasasa Cash or Kasasa Cash Back checking account. When qualifications are met in the linked Kasasa checking account during a Monthly Qualification Cycle, Kasasa Saver balances up to $10,000.00 earn 0.25% APY and balances $10,000.01 and over earn a 0.05% dividend rate on the portion of the balance over $10,000.00, resulting in 0.25%–0.07% APY depending on the balance. When qualifications are not met in the linked Kasasa checking account during a Monthly Qualification Cycle, Kasasa Saver balances earn 0.01% APY. Advertised APYs are accurate as of the last dividend declaration date. Rewards earned in Kasasa Cash Back linked with Kasasa Saver are deposited into Kasasa Saver on the last calendar day of each month. Rewards and dividends earned in Kasasa Cash linked with Kasasa Saver are deposited into Kasasa Cash on the last calendar day of each month and automatically transferred to Kasasa Saver on the first day of the next month. Advertised APYs for Kasasa Cash are based on compounding dividends. If Kasasa Saver is linked to Kasasa Cash, dividends earned in Kasasa Cash do not compound; actual dividends amount paid may be less than the advertised Kasasa Cash APYs.
Kasasa, Kasasa Cash Back, Kasasa Cash, and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.