Kasasa Checking Account Rates: Free Checking that Rewards You

Woman depositing a check on mobile in a coffee shop

When you need a checking account that pays you instead of taking your hard-earned money in fees, check out our personal checking account options! Lanco Federal Credit Union offers various free Kasasa® checking accounts that let you earn cash rewards—just for doing things you probably already do. Best of all, there are no monthly service fees or minimum balances, and you can get refunded for nationwide ATM withdrawal fees!*

Earn High Dividends with Kasasa Cash Checking!

Are you tired of low annual percentage yield (APY) on your checking accounts? With Kasasa Cash® Checking from Lanco FCU, you can earn up to 1.24% APY on account balances up to $10,000!* Our dividend rate is far higher than the national average of 0.04% APY from traditional banks^, allowing you to get rewarded each monthly qualification cycle for simply:

  • Having at least 12 debit card purchases post and settle to your account
  • Having at least one direct deposit or automatic payment (ACH) post and settle
  • Enrolling in E-statements

If you fall short on meeting the qualifications, don’t worry! There are no penalty fees, and you’ll still earn 0.01% APY† on your account!

Apply Online for Kasasa Cash® Checking

Want a Different Reward? Choose Kasasa Cash Back Checking Instead!

If earning 2.5% cash back on debit card purchases sounds more rewarding to you, then get started with Lanco FCU’s Kasasa Cash Back® checking! Just like with Kasasa Cash, there is no minimum balance requirement or monthly fee. But instead of earning dividends based on your account balance, you can earn cash back on debit card purchases, up to $7.50 per month!* Plus, you can pair your checking account with a savings account, like Kasasa Saver® for automatic savings!

Apply Online for Kasasa Cash Back® Checking

Need a Free and Simple Checking Account? Try Our Basic Checking

Lanco FCU also offers Basic Checking — a free, no-frills checking account. While this account does not earn rewards like our Kasasa checking offerings, it is a perfect choice for individuals who infrequently use a debit card or rely on paper statements. Basic checking accounts are also available for the following account types: business, organization, representative payee, and estate.

Contact Lanco FCU for more information about opening a basic checking account.

If you already have Lanco FCU Basic Checking and want to start earning rewards and benefits, contact us to upgrade your account!

Get the Rewards You Deserve with Kasasa Checking Accounts!

A woman celebrates after receiving rewards in her Kasasa checking account.


Wouldn’t it be great if a bank rewarded you for just doing everyday banking activities? With Kasasa checking accounts from Lanco FCU, it’s possible! You can choose whether to earn high dividends with our Kasasa Cash® checking or cash rewards with our Kasasa Cash Back® checking. Either way, you get rewarded with:

  • ATM fee reimbursements, up to $30 per month*
  • Unlimited free in-network ATM withdrawals*
  • No minimum balance required to earn rewards
  • No monthly service fee assessed
  • Link your rewards to your Kasasa Saver® for automatic savings

Earning Your Rewards is as Simple as 1-2-3

The monthly qualification cycle begins one calendar day before the first day of the month and ends one calendar day before the last day of the month. During that period, all you must do to earn your rewards are:

  1. Get electronic monthly cycle statements for your account
  2. Receive one or more direct deposits or ACH transactions
  3. Use your debit card to purchase items at least 12 times

All transactions and activities must post and settle to the account during each monthly cycle. Still, if you’re using your checking account for everyday purposes, you’re probably already doing these things. Why not receive rewards for simply banking with a Kasasa checking account? Get started today by applying online or visiting any of our branches.

Apply Online

What Are the Benefits of Using Kasasa Checking?

You should be rewarded for banking with us. When you choose Kasasa checking, you get 100% free checking and a choice in how you receive your rewards: either high dividends or cash back.

For high dividends, choose Kasasa Cash®. You’ll earn up to 1.24% APY on balances up to $10,000, or 1.24% to 0.16% APY on balances over $10,000, depending on the balance in the account. And, if, for some reason, you don’t meet the monthly qualifications to earn rewards, you’ll still earn 0.01% APY on your account balance!

For those who prefer to earn rewards on purchases, choose Kasasa Cash Back® checking. You’ll earn 2.5% cash back on debit card purchases with no category restrictions! You can get cash back on purchases up to $300 per month, amounting to $7.50 in cash back per month.* That’s $90 in cash back per year if you meet the monthly requirements each month.

In addition, you’ll get these outstanding benefits, no matter which type of account you select:

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Monthly Rewards

Getting rewarded for banking is super easy! All you have to do is receive a direct deposit, get your statements electronically, and use your debit card 12 times in the monthly qualification period.* No minimum balance to receive rewards. No monthly service fees. Ever. Plus, get the convenience and personalized service of a local credit union near you!

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No ATM Fees

With unlimited free in-network ATM withdrawals, you can use any ATM you want to access your money. Or, if you use an out-of-network ATM, you can receive reimbursements up to $30 per month in ATM withdrawal fees!* It’s your money, so you should be able to access it anywhere you are without having to pay extra to the bank for fees.

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100% Free Checking

From the day your account is opened with Lanco FCU, you’ll also enjoy free online banking, e-statements, mobile banking, remote check deposit, a Visa® debit card, and more. You can’t go wrong with Kasasa Cash® or Kasasa Cash Back® Checking from Lanco FCU with great rates and rewards. Take advantage of our free checking!

Download Our App

Free checking plus convenient mobile banking options? Lanco FCU has it all! Simply download our app from the Apple Store or Google Play Store to take advantage of easy login with biometric recognition, reviewing account balances and transactions, mobile check deposits, and more!

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Get it on Google Play

Are You Ready to Get Rewarded with Our Kasasa Checking?

Kasasa checking accounts from Lanco FCU are for those folks who want a bonus for simply banking with us. But unlike other banks that offer just a one-time bonus for opening your account, Lanco FCU rewards you month after month. Earning more has never been easier! A few simple transactions and enrollment in e-statements are all it takes to get high dividends or cash back.*

The online application process will take you less than 10 minutes to complete, so you can start earning rewards today. When you open your free Kasasa checking account, we’ll automatically qualify you for rewards for the first month!* Click the button below to get started and apply for totally free checking online right now.

Apply Online

*There is no minimum balance or monthly fee for Lanco FCU checking accounts; Lanco FCU membership with a minimum $5.00 share savings deposit is required to open an account. For Kasasa Cash® and Kasasa Cash Back® checking: account approval, conditions, qualifications, limits, timeframes, enrollments, and other requirements may apply. APY means Annual Percentage Yield. Rates and rewards are accurate as of 11/1/2021, are variable, and may change after the account is opened. Lanco FCU does not impose a fee for ATM withdrawals from a Kasasa checking account; withdrawals from a savings account which exceed four per account per month are subject to a fee as disclosed in the Schedule of Fees and Charges. Fees for ATM withdrawals outside of the U.S. are not eligible for reimbursement. When qualifications are met, rewards earned are credited to the account on the last calendar day of the month. When qualifications are not met, rewards are not earned. Rewards less than $0.01 cannot be distributed.  Learn more about Kasasa checking or call (717) 569-7180 to speak with a Lanco FCU member service representative. Kasasa, Kasasa Cash, Kasasa Saver, and Kasasa Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A.to speak with a Lanco FCU member service representative for additional details. Kasasa, Kasasa Cash, Kasasa Saver, and Kasasa Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A.

^The national average interest rate for a checking account is 0.04% according to a Forbes.com online article from July 21, 2020.

The stated APYs for Kasasa Cash are based on compounding dividends. If the Kasasa Cash account is linked to a Kasasa Saver account, dividends earned in Kasasa Cash are automatically transferred to Kasasa Saver each dividend period and do not compound. Actual dividends paid may be less than stated Kasasa Cash APY. The Kasasa Saver APYs may be less than the Kasasa Cash APYs.

Blended APY calculations are based on an assumed total account balance of $110,000.