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It’s a funny name, but we’re not kidding. Earn cash back on your debit card purchases — plus refunds on ATM withdrawal fees, nationwide.*

Key Features

Cash Back on Debit Card Purchases

No Monthly Maintenance Fees

Visa® Debit Card

Digital Banking

  • Free checking that pays you back
  • 2.00% cash back on debit card purchases1
    • No category restrictions on purchases
    • Cash back earned on up to $300 in purchases monthly
    • Earn up to $72 cash back per year, $6 per month
  • Unlimited refunds on ATM withdrawal fees, nationwide1
  • Link to free Kasasa Saver® to build savings automatically
  • No monthly maintenance fees
  • No minimum balance to earn rewards
  • Free online banking
  • Free mobile banking
  • Free eStatements
  • Free Visa® debit card2
  • Overdraft protection available
  • $50 minimum deposit to open 

Earn Your Rewards Stress-Free

Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash Back account during each Monthly Qualification Cycle:

  • At least 1 ACH credit or ACH payment
  • At least 12 debit card purchases
  • Be enrolled in and agree to receive eStatements

It’s in the bag. But if for some reason you don’t meet your monthly qualifications, don’t worry. Your account is still free — and you can get back to earning your rewards the next month.

Kasasa Qualification Calendar

1Qualification Information: Account transactions and activities may take one or more 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 our bank as ATM transactions, purchases made with debit cards not issued by our bank, and bill payments made through Security Federal Bank’s online banking. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle.

Reward Information: When Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account(s) on the last day of the current statement cycle and will be treated as interest for IRS (Form 1099-INT) reporting purposes:  (1) 2.00% cash back on up to a total of $300.00 debit card purchases that post and settle to the account during that cycle period. A maximum of $6.00 cash back may be earned per Monthly Qualification Cycle (2) you will receive ATM reimbursements (max. of $4.99 per single transaction) for nationwide ATM withdrawal fees imposed by other financial institutions.  An ATM receipt must be presented for reimbursements of individual ATM withdrawal fees of $5.00 or higher. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction.  When Kasasa Cash Back qualifications are not met, no cash back payments are made and ATM fees are not refunded.

Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Additional Information: Account approval, conditions, qualifications, limits, timeframes and other requirements apply. A $50 minimum deposit is required to open the account. Qualifications and rewards may vary by account. Enrollment in electronic services (e.g. online banking, electronic statements) may be required to meet some of the account’s qualifications.  Limit 1 account per social security number. There are no recurring monthly service charges or fees to open or close this account. Contact one of our bank service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. Kasasa and Kasasa Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A.

2ATM and Check Cards are issued subject to approval.