|Account||Free Kasasa Cash||Free Kasasa Cash Back|
|Monthly Service Fee||$0||$0|
|Free ATMs?||Unlimited refunds per month||Unlimited refunds per month|
|Free Online Banking with Bill Pay?||Yes||Yes|
|Free Debit Card?||Yes||Yes|
|Minimum Opening Deposit||$25||$25|
Free Kasasa Cash Disclosure:
¹Pelican State CU membership is required to open a Kasasa Cash rewards checking account. If you are not a Pelican member, you must be eligible to open a primary savings account with Pelican to become one. The deposit to open a primary savings account starts at a minimum of $10 ($5 to join + $5 minimum balance). A minimum deposit of $25 is required to open Kasasa Cash account. APY = Annual Percentage Yield. APYs accurate as of 5/1/2023. Rates and rewards may change after account is opened. This account is a tiered rate account. When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, average daily balances up to and including $10,000 in your Kasasa Cash (tier 1) account earn a dividend rate of 5.89% resulting in an APY of 6.05%; and average daily balances over $10,000 (tier 2) earn a dividend rate of 0.50% on the portion of the average daily balance over $10,000, resulting in a range from 6.05% to 1.00% APY depending on the account's average daily balance. When your Kasasa Cash qualifications are not met, the dividend rate earned on the account's entire average daily balance will be 0.05% resulting in an annual percentage yield of 0.05% and ATM withdrawal fees are not refunded. APY calculations are based on an assumed balance of $10,000 (tier 1) + $100,000 (tier 2) in your Kasasa Cash account and an assumed statement cycle of thirty-one (31) days. The minimum service requirements include: (1) making 15 debit card point-of-sale purchases (ATM transactions and transfers between accounts do not qualify) that are cleared and posted to your account during the qualification period; (2) having direct deposit, ACH debit or credit, or Bill Pay transaction posted to your Kasasa Cash account; (3) accessing online or mobile banking once during qualification period; and (4) receiving your monthly statement electronically. Transactions may take 1 or more banking days from the date transaction was made to post to and settle account. The qualification period is defined as a period beginning on the last day of the prior calendar month and ending on the next-to-last day of the calendar month. ATM receipt must be presented for reimbursement of ATM fees of $5.00 or higher within 30 days after the statement cycle where the reimbursement was applicable in order to receive a refund. The advertised Kasasa Cash APY is based on compounding dividends. If member has a Kasasa Saver account, dividends earned on Kasasa Cash balances are automatically transferred to Kasasa Saver each statement cycle and do not compound. Actual dividends paid may be less than advertised Kasasa Cash APY. The Kasasa Saver APYs may be less than Kasasa Cash APYs. Not everyone will qualify to open a Kasasa Cash rewards checking account. Pelican reserves the right to limit the number of accounts allowed per member, joint or individually. Federally insured by NCUA. Kasasa and Kasasa Cash are trademarks of Kasasa, Ltd., registered in the U.S.A.
Free Kasasa Cash Back Disclosure:
*No dividends are paid on this account; however, you may qualify for ATM fee reimbursements if you meet all of the minimum service requirements during the qualification periods. The minimum service requirements include: 1) making 15 debit card point-of-sale purchases (ATM transactions do not qualify) that are cleared and posted to your account during the qualification period; 2) having direct deposit, ACH debit or credit or Bill Pay transaction posted to your Kasasa Cash back account; 3) accessing online banking once during qualification period; and 4) receiving your monthly statement electronically. If you meet all minimum service requirements during the qualification period, all ATM fees (up to $4.99 per single transaction) will be refunded by the second business day following the end of the last day of the statement cycle. ATM receipt must be presented for reimbursement of ATM fees of $5.00 or higher within 30 days after the statement cycle where the reimbursement was applicable in order to receive a refund. Purchases up to $250.00 will receive 4.00% cash back with a maximum of $10.00 per statement cycle. The qualification period is defined as a period beginning on the last day of the prior calendar month and ending on the next-to-last day of the calendar month. If member has a Kasasa Cash Back Saver share account, cash back earned and ATM fees refunded from the Kasasa Cash Back checking account are automatically transferred to the Kasasa Saver share account during the first week of the next calendar month. Transfers between accounts do not count as qualifying transactions. Pelican reserves the right to limit the number accounts allowed per account owner, joint or individually.