All accounts subject to approval. Restrictions and limitations may apply.

For more information:

• Kasasa Monthly Qualification Calendar  (PDF)
  
  
• Personal Deposit Accounts Fees & Information  (PDF)
• Your Deposit Account Agreement & Disclosure  (PDF)

Footnotes Specific to Kasasa Cash Back checking accounts and linked Kasasa Saver accounts at BAC Community Bank

*Information and Annual Percentage Yields are accurate as of 8/1/2024. Our personal checking accounts are general purpose consumer accounts. Such accounts are not to be used for commercial purposes. There are no recurring monthly service charges or fees to open or close this account. At any time and at the discretion of BAC Community Bank standard features and account requirements may change after an account is opened. A customer may need to initiate the use of some services by enrolling in or requesting the service.

Other terms and conditions may apply. Refer to the specific account’s Truth In Savings Disclosure and our Deposit Account Agreement & Disclosure for additional information.

Minimum deposit to open Kasasa Cash Back personal checking account is $25 and minimum deposit to open a linked Kasasa Saver account is $25. Interest rates and rewards are variable. At any time and at the discretion of BAC Community Bank (BAC) rates, qualifications, and rewards may change after account is opened. Fees may reduce earnings.

Sample Calculations: Sample calculations for rewards earned on Kasasa Saver are based on an assumed account balance of $10,000 + $100,000 and an assumed statement cycle of 31 days. Since any portion of an account balance over $10,000 earns a lower interest rate when qualifications are met, higher balance accounts may earn a lower compounded Annual Percentage Yield than the examples given.

Qualifications Information: Account transactions and activities may take one or more Business Days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by BAC as ATM transactions and purchases made with any debit card issued by someone other than BAC.

Business Day means any day Monday through Friday, provided that the weekday is not on a federal holiday. When a federal holiday falls on a Sunday, the next Monday is not a Business Day.

Statement Cycle means the period of time for which BAC provides a summary of the financial activities and transactions that post and settle to the accountholder’s account. The Statement Cycle ends on the last business day of the month. The Statement Cycle begins on the first calendar day following the last business day of the month.

Monthly Qualification Cycle is a period ending one business day prior to the close of the current Statement Cycle with a new Monthly Qualification Cycle beginning the next calendar day. Please refer to our current Kasasa Monthly Qualification Calendar available through any branch or our web site at www.bankbac.com/kasasa-calendar.

Automatic Qualifications and Bonuses: A new customer who opens a Kasasa checking account for the first time may receive the standard rewards (Kasasa Cash or Kasasa Cash Back) or a bonus reward (Kasasa Tunes) once without meeting any of the requirements during the initial Monthly Qualification Cycle. This feature is only available to new Kasasa accountholders one time, one pay out, and will not be honored for accounts that convert between deposit products. The automatic qualifications and/or bonuses feature may be discontinued by BAC at any time.

Reward Information: When your Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle,

• Kasasa Cash Back checking account:
  • You will receive 3.00% cash back on up to a total of $250.00 in debit card purchases that post and settle to the account during that Monthly Qualification Cycle up to a maximum cash back earned of $7.50, and
    
    
  • You will receive reimbursements up to $20 ($4.99 per single transaction) for nationwide ATM fees incurred when accessing your Kasasa Cash account funds during the Monthly Qualification Cycle in which you qualified. If you believe you have not been reimbursed the correct amount of ATM fees, you must contact us within 30 calendar days after the Statement Cycle where the reimbursement was applicable in order to receive a refund.

Cash back payments and ATM fee reimbursements will be credited to your Kasasa Cash Back account on the last day of statement cycle.

• Kasasa Saver account:
  • Balances up to $10,000 receive Annual Percentage Yield of 0.50% (based on an interest rate of 0.50%); and balances over $10,000 earn 0.25% interest rate on the portion of balance over $10,000, resulting in a range from 0.50% to 0.27% Annual Percentage Yield depending on the account’s balance.

When Kasasa Cash Back qualifications are not met,

• Kasasa Cash Back checking account:
  
  • No cash back payments are made and
  • ATM fees are not refunded.
    
    
• Kasasa Saver account:
  • All balances earn 0.05% Annual Percentage Yield (based on an interest rate of 0.05%).

When Kasasa Cash Back account is linked to a Kasasa Saver account: When linked to a Kasasa Saver account, the reward earned within the Kasasa Cash Back account is automatically transferred to the Kasasa Saver account the day after being credited to your Kasasa Cash Back account.

This automatic transfer may cause an overdraft to your Kasasa Cash Back account, if the respective account’s balance is less than the transferred amount when transfer occurs.

Balance Computation Method: We use the daily balance method to calculate the interest on your account. This method applies a periodic rate to the principal in the account each day for the period. The period we use is the Statement Cycle.

Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. Enrollment in electronic services (e.g. online banking, mobile banking, paperless statements) and log-ons are required to meet some of the account’s qualifications. Limit one account per taxpayer identification number. A Kasasa Cash or Kasasa Cash Back account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. There are no recurring monthly service charges or fees to open or close a Kasasa account. See our Personal Deposit Accounts Fees & Information Schedule for fees that may apply to this account. Contact a BAC service representative for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC. Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.

 

^†When linked to Kasasa Saver, the interest in the Kasasa Cash account does not compound in the account since it is transferred into the Kasasa Saver account. The Kasasa Saver Annual Percentage Yields may be less than the Kasasa Cash Annual Percentage Yields.

 

^‡Service included at no charge. Customer may need to initiate use of the service by enrolling in or requesting the service.

 

^§Savings and money market accounts are designed to help households set aside and save funds as needed. These accounts are not transaction accounts therefore no more than 6 withdrawals of any type are permitted during your monthly statement cycle.

If you regularly exceed 6 withdrawals of any type during a statement cycle, BAC Community Bank may convert your savings or money market into a checking account or may close your account.

There are no limits on the number of deposit transactions.