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Earn up to 4.00% APY1 in dividends just for doing your everyday banking.

The sky's the limit. You can earn high dividends on your free checking account each month that you qualify. And qualifying is easy!

Details About Our Free Checking Account 

  • It's a free Kasasa checking account that pays high dividends:
    • 4.00% APY1 on balances up to $25,000
    • 4.00% to 0.92% APY1 on balances over $25,000 depending on the balance in your account.
    • 0.05% APY1 if you don't meet our easy qualifications 
  • Get up to $25 monthly refunds on ATM withdrawal fees, nationwide1
  • No minimum balance to earn dividends 
  • No monthly maintenance fee
  • Manage your account with Online Banking & Bill Pay
  • eStatements (required)
  • Save time with Mobile Banking and Mobile Deposit
  • Visa® debit card 
  • Open with a deposit of just $25

Qualifying is a snap!

Use your free Kasasa Cash Checking Account to complete the following activities each monthly qualification cycle:

  • Make at least 12 debit card purchases.
  • Log into Online Banking.

You can open a free checking account if you live, work, worship, or attend school in Sacramento, Placer, El Dorado, Yolo, and San Joaquin Counties. Also, any California resident who is a member of our affiliated organization, the Financial Fitness Association, may join.

That's all there is to it. If for some reason you don't qualify in some months, don't worry. Your account is still free and you'll still earn our base dividend rate. You can get back to earning your full rewards in the next qualification cycle!


Free Kasasa Cash Checking Account FAQs 

How can I earn dividends on my free checking account?  

Answer: You'll earn 0.05% APY on your account no matter what. To earn more dividends, here's what you need to do:

  • Make at least 12 debit card purchases in each monthly qualification cycle.

  • Enroll in and agree to use Online Banking each monthly cycle.

  • Then you can earn 4.00% APY1 on balances up to $25,000 and 4.00% to 0.92% APY on balances over $25,000. 

Is my free checking account really free?  

Answer: Yes! You don't need to pay any monthly fee and there's no minimum balance to earn dividends. You just need to deposit $25 when you open your account.

You may need to pay overdraft fees if you spend more than you have.

What's the best way to manage my account? ?

Answer: You can use Online and Mobile Banking to easily manage your free Kasasa cash accounts. Here are a few popular services:

  • Checking your balance

  • Monitoring transactions and transfers between your accounts. For example, from your checking account to your Kasasa saver or savings account.

  • Sending money to friends and family

What is mobile deposit?

Answer: Mobile deposit is a free service that lets you deposit checks without visiting a branch. 

Just open your Mobile Banking app, send in a photo of the front and back of the check, and you'll get your money!


1 Rates and rewards are variable and may change after the account is opened. Fees may reduce earnings. When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, (1) balances in your Kasasa Cash account up to $25,000 receive APY of 4.00%; and balances over $25,000 earn 0.15% dividend rate on the portion of balance over $25,000, resulting in a range from 4.00% to 0.92% APY depending on the account’s balance and (2) you will receive reimbursements up to an aggregate total of $25.00 for nationwide ATM withdrawal fees imposed by other financial institutions and incurred during the Monthly Qualification Cycle in which you qualified. When Kasasa Cash qualifications are not met, all balances in the account earn .05% APY and ATM withdrawal fees are not refunded. To receive Kasasa Cash and ATM withdrawal fee reimbursement rewards, you must access your Kasasa Cash account through online banking, mobile banking or text banking at least once during the Monthly Qualification Cycle and conduct at least 12 posted PIN-based or signature-based debit card merchant transactions during the Monthly Qualification Cycle. Transactions may take one or more banking days from the date the transaction was made to post to your account. Transactions that have been initiated but not posted as of the end of the cycle will not count as a qualifying transaction for that cycle but will count in the following cycle when they post to your account. “Monthly Qualification Cycle” means the current Statement Cycle. “Statement Cycle” means the period of time covered by the statement for your account. The statement cycle begins on the first day of the calendar month and ends on the last day of the calendar month. Failure to maintain monthly enrollment in eStatements will require the closure of your Kasasa Cash account. Limit 1 Kasasa Checking account per social security number. There is no minimum balance required to obtain the advertised annual percentage yield, but a $25 minimum deposit is required to open this account. APY = Annual Percentage Yield. APY accurate as of 04/01/2023.

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