Open A Personal Kasasa Checking Account

Lanco Federal Credit Union’s Kasasa® Checking Accounts give you the opportunity to earn cash rewards just for doing everyday banking activities that you likely already do. Additional perks include refunds on ATM fees nationwide, no minimum balance to open an account, and no monthly service fees.*

Just choose the Kasasa checking account that works best for you and apply online. It takes less than 10 minutes to open a checking account, and you’ll be earning rewards in no time!

A Kasasa checking account is a brand of checking accounts available only at select community banks and credit unions such as Lanco Federal Credit Union. Kasasa checking accounts are free, meaning there’s no monthly maintenance fees, and they offer rewards.^ At Lanco Federal Credit Union, you can choose from the Kasasa Cash® or Kasasa Cash Back® varieties. Either of these Kasasa checking accounts may be tied to a Kasasa Saver® account so you can get the most out of your money.

Explore Kasasa Checking Account Varieties

Discover which Kasasa checking account is best suited for you!

MOST POPULAR

Kasasa Cash Back® Checking

With a Kasasa Cash Back® Checking Account—our most popular Kasasa account—you’ll enjoy earning 2.5% cash back on debit card purchases up to $7.50 per month.* Plus, you’ll benefit from unlimited free in-network ATM withdrawals and up to $30 per month in nationwide ATM fee refunds.*

Kasasa Cash Back® Checking Accounts feature free online banking, free E-Statements, free mobile banking with remote check deposit, a free Visa® debit card and unlimited check writing.

Kasasa Cash® Checking

 

With a Kasasa Cash® Checking account, you’ll earn up to 2.25% APY on your checking account balance.* You’ll also have the freedom to use any ATM machine, with unlimited free in-network ATM withdrawals and up to $30 per month in nationwide ATM fee refunds.*

Kasasa Cash® Checking Accounts include free online banking, free E-Statements, free mobile banking with remote check deposit, a free Visa® debit card and unlimited check writing.

Kasasa Saver

Build Your Savings When You Pair Your Kasasa Checking Account with a Kasasa Saver® Account

 

Adding Kasasa Saver® to your account makes it easy to save money. Simply pair your Kasasa Cash® or Kasasa Cash Back® checking account with a Kasasa Saver® account, and you can start to build savings automatically.

All your checking rewards and ATM fee refunds become savings each month.* Plus, Kasasa Saver® Accounts earn higher dividends—0.50% APY on balances up to $10,000!*

Compare Lanco FCU’s Kasasa Accounts

Use the comparison chart below to determine which option is best for you! 

Discover Our Checking Accounts

Kasasa Cash Back®
Kasasa Cash®
BASIC CHECKING
Earn Cash Back on Debit Card Purchases

2.5% cash back, up to $7.50/month*

Earn Dividends

2.25% APY on balances up to $10,000*

ATM Fee Reimbursements

Up to $30 per month*

Up to $30 per month*

Free ATM Withdrawals†

unlimited

unlimited

4 free per month
then $1.00 each

No Minimum Balance
No Monthly Service Fee
Option to Pair with Kasasa Saver®

Learn More About

Learn More About

Discover Our Checking Accounts

Kasasa Cash Back®
ATM Fee Reimbursements
Up to $30 per month*
Earn Dividends
Earn Cash Back on Debit Card Purchases
2.5% cash back, up to $7.50/month*
Free ATM Withdrawals†
unlimited
No Minimum Balance
No Monthly Service Fee
Option to Pair with Kasasa Saver®
Kasasa Cash®
Earn Cash Back on Debit Card Purchases
Earn Dividends
2.25% APY on balances up to $10,000*
ATM Fee Reimbursements
Up to $30 per month*
Free ATM Withdrawals†
unlimited
No Minimum Balance
No Monthly Service Fee
Option to Pair with Kasasa Saver®
BASIC CHECKING
Earn Cash Back on Debit Card Purchases
Earn Dividends
ATM Fee Reimbursements
Free ATM Withdrawals†
4 free per month then $1.00 each
No Minimum Balance
No Monthly Service Fee
Option to Pair with Kasasa Saver®

A checking account is a bank account that allows for withdrawals and deposits. A checking account is very liquid, with funds accessible through a variety of means. Money can be deposited into checking accounts at credit unions, banks and ATMs or through direct deposit or other forms of electronic transfer. Money can be withdrawn from checking accounts at credit unions, banks and ATMs or by using checks or a debit card connected to an account.

Whereas most savings accounts limit the number of deposits and withdrawals per month, most checking accounts allow for unlimited deposits and numerous withdrawals.

Checking accounts tend to offer smaller interest rates compared with savings accounts. This is considered to be a tradeoff for checking accounts’ increased liquidity.

 

Checking accounts may come in personal accounts, business accounts, student accounts and joint accounts, with the latter connecting two or more people, usually marital partners.

Checking Account Service Charges

Many banks do not consider checking accounts profitable. Unlike savings accounts, of which banks use the balances to earn interest through investments and loans, checking account balances are typically low and often fluctuate. To make up for this revenue-producing shortfall, banks will often require higher minimum balances and charge monthly fees to checking account holders.

With Kasasa checking accounts, you’ll enjoy the confidence in knowing that, not only are you not required to have a minimum balance to open the account, but you’ll also never pay any monthly service fees. These are two special benefits of having a Kasasa checking account.

ATMs

ATMs, or automatic teller machines, are kiosks where people may access cash from their checking accounts or savings accounts after credit union or bank hours. ATMs often charge high fees, of a few to several dollars, resulting in lost money for the exchange of the convenience ATMs provide.

With Kasasa checking accounts at Lanco FCU, you can use your debit card at any ATM without fees from Lanco FCU. Plus, each month that you meet your Kasasa rewards qualifications, you’ll get refunded up to $30.00 for any ATM fees that you paid nationwide.*

Overdraft Protection

Some checking accounts offer overdraft protection, such as drawing money from savings accounts or allowing your account balance to go negative, in the event that your withdrawals are more than your available funds.

At Lanco FCU, Kasasa checking accounts in good standing may be eligible for overdraft protection coverage, which helps you avoid returned-check charges or debit card declines. For more information, read about Lanco FCU’s Overdraft Protection Coverage.

Direct Deposit

Checking accounts are very flexible accounts, with account holders often tying their accounts to their employers’ payroll systems. If your employer offers direct deposit, you can provide your account information to your employer and receive your payment by electronic deposit into your account. This eliminates the need for a paper paycheck, offering convenience and timely availability of your payday funds. Direct deposit services may also be enjoyed by retirees receiving government and/or retirement benefits.

Electronic Funds Transfer

Just as it sounds, an Electronic Funds Transfer, or EFT, is any transfer of money into or out of your account that occurs by electronic means. EFTs enable checking account holders to receive money directly into their accounts without having to wait for checks to arrive and be cashed at your local credit union or bank. EFTs can include wire transfers, debit card point of sale (POS), automated clearing house (ACH), e-check, and ATM transactions.

Cashless Banking

In the modern world, many enjoy using their debit cards, connected to their checking accounts, as forms of payment anywhere and everywhere. Cashless banking is truly a reality for many, with debit cards providing credit cards’ ease of use and portability without shouldering the burden of interest-heavy credit card bills.

In fact, by using a Kasasa Cash Back® Checking Account debit card, you’ll receive 2.5% cash back on purchases up to $7.50 per month.* When paired with a Kasasa Saver® account, these cash-back rewards are funneled into the Kasasa Saver® account along with ATM fee refunds.*

At Lanco Federal Credit Union, we make it all very easy for customers to open a checking account. You’re welcome to open Kasasa Cash Back®, Kasasa Cash® and Kasasa Saver® accounts online or in person at any Lanco FCU branch.

To open a checking account with Lanco Federal Credit Union, you’ll need less than 10 minutes and just a few items of information.

You’ll need your:

  • Driver’s license or state-issued ID
  • Social Security Number
  • Current checking or savings account information to fund the new account
  • Previous home address if you’ve lived at your existing residence for less than two years

Apply for Kasasa Cash Back   >

Apply for Kasasa Cash Back + Kasasa Saver  >

Apply for Kasasa Cash  >

Apply for Kasasa Cash + Kasasa Saver  >

The “Kasasa” meaning is something quite a number of people want to know! Truth be told, “Kasasa” is a made-up word and can mean whatever you’d like it to mean.

At Lanco Federal Credit Union, we like to think “Kasasa” is connected with flexible, appealing checking accounts that offer cash back and ATM fee reimbursements as well as require no minimum balance or service fees. All this makes for a lot of reasons to sign up for a Kasasa checking account!

Are you ready for Kasasa?

 

*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. Account approval, conditions, qualifications, limits, timeframes, enrollments, and other requirements apply. Rates and rewards 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 2.25% APY and balances $10,000.01 and over earn a 0.15% dividend rate on the portion of the balance over $10,000.00, resulting in 2.25%–0.34% 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 0.05% 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 0.50% APY and balances $10,000.01 and over earn a 0.15% dividend rate on the portion of the balance over $10,000.00, resulting in 0.50%–0.18% 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 0.05% 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® account costs, rewards, conditions, and qualification criteria may vary by institution.

†Unlimited Free ATM Withdrawals: Lanco FCU does not impose a fee for ATM withdrawals from a Kasasa Cash or Kasasa Cash Back checking account. Out-of-Network ATM owners may disclose and charge you a transaction fee. Kasasa Cash and Kasasa Cash Back accountholders may be eligible for reimbursements of those fees when qualifications are met. Withdrawals from a Lanco FCU share savings, Kasasa Saver, or basic checking account which exceed four per account per month are subject to a fee as disclosed in the Schedule of Fees and Charges.

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