Kasasa Cash

Finally, a free checking account that rewards you with high interest and refunds on your ATM fees** --that's free Kasasa Cash® checking. 

Here at Farmers State Bank, we believe that checking can and should be painless. Say hello to free Kasasa Cash checking! It’s a powerful, convenient way to bank with no fees and earn 1.00% APY on balances up to $15,000 and 0.25% APY on balances over$15,000.*

You use your checking account every day, so why not earn rewards for something you’re already doing? Kasasa Cash makes that possible — connect it to Kasasa Saver® to maximize your rewards.

Benefits

  • Free checking that pays high interest
  • 1.00 APY* on balances up to $15,000
  • 0.25% APY* on balances over $15,000
  • 0.01% APY* if qualifications aren't met
  • Refunds on ATM fees, nationwide (up to $25 monthly)
  • Can link to a high rate Kasasa Saver account (see info below)
  • No minimum balance to earn rewards
  • No monthly service charge
  • Free online banking with bill pay
  • Free online statements
  • Free debit card or photo debit card
  • Unlimited check writing
  • Direct Deposit
  • $25 minimum deposit to open
  • Only Minnesota and Iowa residents are eligible to open this account

Never miss out on your rewards — qualifying is simple.

To earn your rewards, just do the following transactions and activities in your Kasasa Cash account during each Monthly Qualification Cycle:

  • Have at least 10 debit card Point of Sale purchases post and settle each qualification cycle
  • Have at least 1 ACH debit or credit (Automatic Payment or Direct Deposit) transaction post and settle
  • Access Internet Banking at least once per qualification cycle
  • Enroll in Online Statement delivery

What happens if you miss a month? Don't worry. There are no penalties for not meeting the qualifications --your account is still free and you'll still earn our base interest rate of 0.01% APY. Each month is a fresh opportunity to qualify for your rewards. 

*Each cycle the minimum requirements are met, 1.00% Annual Percentage Yield (APY) will be paid on balances between $0.01 and $15,000.00 and for balances of $15,000.01 or more, the APY will range from 1.00% to 0.25%. If the requirements are not met per monthly cycle, the account will function as a free checking account earning 0.01% APY;however, it will not receive ATM refunds for that qualification cycle. ATM transactions do not count towards qualifying debit card transactions. Qualifying transactions must post to and settle to the account during the monthly qualification cycle.Transactions may take one or more banking days from the date the transaction was made to post and settle to the account. Rates as of May 20, 2013. We may change the interest rate and APY at any time after the account is opened. No minimum balance is required; however, a minimum deposit of $25 is required to open this account. Any fees charged on this account will reduce earnings. Available to personal accounts only. No monthly service charge. Kasasa Cash earned interest will be credited to your account on the last day of the monthly statement cycle. **Domestic ATM refunds up to $25 per cycle and $4.99 per item if minimum requirements are met. Only Minnesota and Iowa residents are eligible to open a Kasasa Cash account.

Kasasa Cash Back

Free checking that rewards you in col, hard cash, and refunds those pesky ATM fees.**

With Kasasa Cash Back®, you’ll bring home cash rewards for everyday debit card purchases.* Earn 1% cash back on debit card purchases up to$500 — up to $5 a month — with no category restrictions on what you buy!

You can also say goodbye to ATM fees. Kasasa Cash Back lets you turn any ATM in the United States into your ATM, with up to $25 per month in ATM fee reimbursements.* This is a checking account that rewards you the way you deserve. You can even connect it to Kasasa Saver® and watch your money really grow! 

Benefits

  • Free checking that pays you back
  •  1% cash back on debit card purchases up to $500 in purchases monthly.
  • No category restrictions on purchases
  • Refunds on ATM fees, nationwide (up to $25 monthly)
  •  Link to Kasasa Saver to build savings automatically
  • No monthly service charge
  • No minimum balance to earn rewards
  • Free online banking with bill pay
  • Free mobile banking
  • Free online statements
  • Free debit card
  • Unlimited check writing
  • Direct Deposit
  • $25 minimum deposit to open
  • Only Minnesota and Iowa residents are eligible to open this account

Never miss out on your rewards — qualifying is simple.

To earn your rewards, just do the following transactions and activities in your Kasasa Cash Back account during each Monthly Qualification Cycle:

  • Have at least 10 debit card Point of Sale purchases post and settle each qualification cycle
  • Have at least 1 ACH debit or credit (Automatic Payment or Direct Deposit) transaction post and settle
  • Access Internet Banking at least once per qualification cycle
  • Enroll in Online Statement delivery

What happens if you miss a month? Don't worry. There are no penalties for not meeting the qualifications --your account is still free. Each month is a fresh opportunity to qualify for your rewards.

*Each cycle the minimum requirements are met, 1.00% cashback on debit card purchases up to $500 during the monthly qualification cycle,up to a total cash back of $5 per monthly qualification cycle. The Annual Percentage Yield (APY) on this account is 0%. If the requirements are not met per monthly cycle, the account will function as a free checking account;however, it will not receive ATM refunds for that qualification cycle. Qualifying transactions must post to and settle to the account during monthly qualification cycle. Transactions may take one or more banking days from the date the transaction was made to post and settle to the account. ATM transactions do not count towards qualifying debit card transactions. Rates as of May 20, 2013. We may change the cash back percentage rate at any time after the account is opened. No minimum balance is required; however, a minimum deposit of $25 is required to open this account. Any fees charged on this account will reduce earnings. Available to personal accounts only. No monthly service charge. Kasasa Cash Back earned will be credited to your account on the last day of the monthly statement cycle. **Domestic ATM refunds up to $25 per cycle and $4.99 per item if minimum requirements are met. Only Minnesota and Iowa residents are eligible to open a Kasasa Cash Back account.


Simple Checking Account

$25.00 minimum opening balance

  • No minimum balance
  • No monthly service charge
  • Check Cards and Photo Check Cards available at no charge (based on application approval)
  • Direct Deposit
  • Free Internet Banking
  • Free Online Bill Pay
  • Ready Reserve overdraft protection (based on application approval)
  • Free Online Statements

Growth Checking

$1,000.00 minimum opening balance

  • Earn competitive interest rates
  • $1,000 minimum balance
  • If below minimum during the month, a fee of $10 will apply
  • Variable interest rate calculated on daily balance; credited monthly
  • Check Cards and Photo Check Cards available at no charge (based on application approval)
  • Direct Deposit
  • Free Internet Banking
  • Free Online Bill Pay
  • Ready Reserve overdraft protection (based on application approval)
  • Free Online Statements
  • You can receive images of your cancelled checks for an additional $5 per month. If you keep a daily balance of $5,000 the fee for imaged statements is waived

Classic Checking

For customers age 65 and over
$500.00 minimum opening balance

  • No minimum balance
  • No monthly service charge
  • Check Cards and Photo Check Cards available at no charge (based on application approval)
  • Direct Deposit
  • Free Internet Banking
  • Free Online Bill Pay
  • Ready Reserve overdraft protection (based on application approval)
  • Free Online Statements