How does this impact me?
Grow is designed to minimize your impact by providing similar benefits. Grow Checking will offer 3 tiers of interest rates based on your Daily Average Balance, as well as ATM refunds up to $15 if monthly qualifications are met.
We also made it easier for you to remember when your qualifications are due. All point of sale debit card transactions posted & settled by the close of business on last business day of the month will count! Your interest will be credited to your account on the last business day of the current month. Any applicable ATM refunds will be credited to your account on the first business day of the next month.
Your new statement cycle will normally be from the 1st business day of the month through the last business day of the month.
What am I expected to do?
If you have an existing Kasasa Cash account, you do not have to do anything. The bank will automatically switch your account to Grow Checking.
|However, Kasasa Saver account owners may want to transfer money from your savings account into the Grow Checking account to maximize the earning potential. Kasasa Saver accounts will be converted to the Passbook savings account, which currently receives a lower interest rate.|
Changes to qualifications?
No changes have been made!
Qualifications per Monthly Qualification Cycle
- 12 Debit Card transactions post & settle
- 1 ACH Debit post & settle
- Be enrolled & receive E-Statements
When is my account being changed?
Accounts will be converted after your statement has been produced on July 8th. All transactions starting July 9th will be under your Grow Account
What should I expect during the 1st month after the transition?
We encourage you to continue your normal daily routine. We will auto qualify you for your July 31st statement. Qualifications must be met to earn the high interest and ATM refund as of August 31st.
|Kasasa Saver account owners may want to transfer money from your savings account into the Grow Checking account to maximize your interest. As a reminder, Kasasa Saver accounts will be converted to the Passbook savings account, which currently receives a lower interest rate.|
How to I find my qualifications?
We will no longer send qualification emails. To find out if you have earned the high interest/reward, simply log in to your online banking account and view your statement.