Free Kasasa Saver

Kasasa Saver with Cash - Truth In Savings Disclosure

This disclosure contains the rules that govern your deposit account as of April 1, 2019.

Account Overview:

• Kasasa Cash: A free variable rate checking account with $100.00 minimum balance to open that rewards account holders with interest and nationwide ATM withdrawal fee and Foreign ATM fee refunds when they meet minimum qualifications during the account's Monthly Qualification Cycle.
• Kasasa Saver with Cash is a free, variable rate, deposit account with no minimum balance to open that rewards account holders with interest when they meet the minimum qualifications associated with their linked Kasasa Cash checking account during each Monthly Qualification Cycle.

Purpose and Expected Use of Account

The Kasasa Cash account is intended to be the account holder's primary checking account in which payroll transactions and day-to-day spending activities including but not limited to grocery, gasoline, apparel, shopping, dining, sporting and entertainment transactions are posted and settled.

This account, the Kasasa Saver with Cash, is intended to be a “linked” account with the Kasasa Cash account that is a saver account to help you save the “interest” which you earn in each monthly qualification cycle that is associated with your Kasasa Cash account.

Commensurate with the spending activities identified above, we expect the account's debit card to be used frequently throughout each month and for transaction amounts to reflect a wide dollar range. Small debit card transactions conducted on the same day at a single merchant and/or multiple transactions made during a condensed time period particularly near the end of a Monthly Qualification Cycle are not considered normal, day-to-day spending behavior. These types of transactions appear to be conducted with the sole purpose of qualifying for the account's rewards and thus will be deemed inappropriate transactions and will not count toward earning the account's rewards.

First National Bank of Kansas reserves the right to determine if the account is being maintained for a purpose other than day-to-day, primary use. Account holders who persist in making debit card transactions in a calculated and limited fashion in order to meet their monthly qualifications may have their accounts converted to a different checking account or closed altogether. We also reserve the right to convert the account to a different checking account if the account does not have consistent active use over six (6) consecutive Statement Cycles.

We have the right to close this account at any time, with proper notice. Our decision to close the account will not affect your existing obligations to us including any obligation to pay fees or charges incurred prior to termination. No deposits will be accepted and no checks will be paid after the account is closed. If the account is closed, you will forfeit any rewards that have not been credited to your account. A First National Bank of Kansas check for the remaining balance, if applicable, will be mailed to account holder at the address indicated on our current records. Upon termination of your Kasasa Saver with Cash account, any optional add-on products / services associated with this account will also be terminated at the same time.

If, for whatever reason your Kasasa Saver with Cash portion of your account is closed, your Kasasa Cash account will remain as a Kasasa Cash standalone account and only the Kasasa Cash terms and conditions articulated within this disclosure will apply.

Interest Rate & Annual Percentage Yield (APY)  

• Compounding & Crediting:
  
  Interest will be compounded on a monthly basis. Interest will be credited to your Kasasa Saver with Cash account on the last day of the current statement cycle. If you close your account before the interest is credited, you will not receive the accrued interest. Interest begin(s) to accrue on the business day you deposit noncash items (for example, checks).
  
  "Business Day" means a calendar day other than a Saturday or a Sunday, January 1, the third Monday in January, the third Monday in February, the last Monday in May, July 4, the first Monday in September, the second Monday in October, November 11, the fourth Thursday in November, or December 25. If January 1, July 4, November 11, or December 25 falls on a Sunday, the next Monday is not a Business Day.
  
  "Statement Cycle" means the period of time for which First National Bank of Kansas provides a summary of the financial activities and transactions that post and settle to the account holder's account.
    
• Balance Computation Method:
  
  We use the average daily balance method to calculate the interest on your Kasasa Saver with Cash account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the Statement Cycle.
   
• Interest Rate & Annual Percentage Yield:
  
  When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle:
  
  Kasasa Cash: average daily balances up to and including $10,000.00 in your Kasasa Cash account earn an interest rate of 98% resulting in a non-compounding APY* of 2.00%; and average daily balances over $10,000.00 earn an interest rate of 0.10% on the portion of the average daily balance over $10,000.00, resulting in a non-compounding range from 2.00% to 0.27% APY depending on the account's average daily balance.
  
  Kasasa Saver with Cash: average daily balances up to and including $15,000.00 in your Kasasa Saver with Cash account earn an APY of 0.50% and average daily balances over $15,000.00 earn an interest rate of 0.10% on the portion of the average daily balance over $15,000.00, resulting in a range from 0.50% to 0.15% APY depending on the account's average daily balance.
  
  When your Kasasa Cash account qualifications are not met during a Monthly Qualification Cycle:
  
  Kasasa Cash: ATM withdrawal fees and Foreign ATM fees are not refunded and the entire average daily balance in the account earns an interest rate of 0.05% resulting in a non-compounding annual percentage yield of 0.05%.
  
  Kasasa Saver with Cash: the entire average daily balance in the Kasasa Saver with Cash account earns an interest rate of 0.05% resulting in an annual percentage yield of 0.05%.
  
  * Interest in Kasasa Cash does not compound because it is automatically transferred to the Kasasa Saver with Cash account within one day. Note: Automatic transfer may cause an overdraft to your Kasasa Cash account, if the account's balance is less than the transferred amount when transfer occurs.

Qualification Information:

To earn your rewards, the following enrollments must be in place and all transactions and activities must post and settle to your Kasasa Cash account during each Monthly Qualification Cycle:

• At least 12 PIN-based/signature-based debit card purchases, posted and settled
• Be enrolled in and log into online banking or mobile banking at least one (1) time per month
• Be enrolled in and have agreed to receive e-statements rather than paper statements
• Maintain a valid email address on record with bank

For clarity, in order to count as a qualifying transaction for the purpose of earning the account's rewards PIN-based / signature-based debit card purchases must be at least $0.01.

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, PIN based/signature based debit card purchases less than $0.01, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.

"Monthly Qualification Cycle" means a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle. "Banking Day" means any business day on which an office of the bank is open to the public for the purpose of carrying out substantially all of its banking functions. "Business Day" means a calendar day other than a Saturday or a Sunday, January 1, the third Monday in January, the third Monday in February, the last Monday in May, July 4, the first Monday in September, the second Monday in October, November 11, the fourth Thursday in November, or December 25. If January 1, July 4, November 11, or December 25 falls on a Sunday, the next Monday is not a Business Day.

"Statement Cycle" means the period of time for which our bank provides a summary of the financial activities and transactions that post and settle to the account holder's account.

Reward Information:

When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, average daily balances up to and including $10,000.00 in your Kasasa Cash account earn an interest rate of 1.98% resulting in a non-compounding APY of 2.00%; and average daily balances over $10,000.00 earn an interest rate of 0.10% on the portion of the average daily balance over $10,000.00, resulting in a non-compounding range from 2.00% to 0.27% APY depending on the account's average daily balance.

In addition, average daily balances up to and including $15,000.00 in your Kasasa Saver with Cash account earn an interest rate of 0.50% resulting in an APY of 0.50%; and average daily balances over $15,000.00 earn an interest rate of 0.10% on the portion of the average daily balance over $15,000.00, resulting in a range from 0.50% to 0.15% APY depending on the Kasasa Saver with Cash account's average daily balance.

You will receive reimbursements up to an aggregate total of $25.00  with a maximum of $4.99 per transaction, for nationwide ATM withdrawal fees and Foreign ATM fees incurred within your Kasasa Cash account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal 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.  The ATM reimbursed fees will be credited to your Kasasa Saver with Cash account on the last day of the current statement cycle.

When your Kasasa Cash qualifications are not met, the interest rate earned on the account's entire average daily balance will be 0.05% resulting in a non-compounding annual percentage yield of 0.05% and ATM withdrawal fees and Foreign ATM fees are not refunded. In addition, the entire average daily balance in the Kasasa Saver with Cash account earns an interest rate of 0.05% resulting in an annual percentage yield of 0.05%.

Interest will be credited to your Kasasa Cash account on the last day of the current statement cycle.  This earned interest will then be swept into your Kasasa Saver with Cash account the next business day.  Nationwide ATM withdrawal fee and Foreign ATM fee reimbursements will be credited to your Kasasa Saver with Cash on the last day of the current statement cycle.

APY = Annual Percentage Yield. APY calculations are based on an assumed balance of $10,000.00 + $100,000.00 in your Kasasa Cash account and 15,000.00 + $100,000.00 in your Kasasa Saver with Cash account and an assumed statement cycle of thirty-one (31) days. Rates, rewards, and bonuses, if any, are variable and may change after account is opened without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings. You will automatically qualify for the account's rewards during your account's first statement cycle. If the account is closed before rewards are credited, you will forfeit the rewards.

Additional Information:

Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. Kasasa Saver with Cash - No minimum deposit is required to open the account.  Monthly activity of at least 12 debit card purchases settled and posted, be enrolled in and log into online banking or mobile banking at least one (1) time per month, be enrolled in and agree to receive eStatements and maintain a valid email address with bank are conditions of this account.  See accompanying Other Fee Schedule of First National Bank of Kansas for fees that may apply to this account. Limit of one (1) account per Social Security Number. There are no recurring monthly maintenance charges or fees to open or close this account. This account is not to be used for Not-for-Profit, Charitable, Tax Exempt, Commercial or Business purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account. A Kasasa Cash account is required to have a Kasasa Saver with Cash account. If, for whatever reason the Kasasa Saver with Cash portion of your account is closed, your Kasasa Cash account will remain as a standalone Kasasa Cash account and that account's terms and conditions articulated within their specific disclosure will apply. A linked Kasasa Saver with Cash account is required for automatic savings.

Contact one of our bank customer service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. Member FDIC. Kasasa, Kasasa Cash and Kasasa Saver with Cash are trademarks of Kasasa, Ltd., registered in the U.S.A.

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Kasasa Saver with Cash Back - Truth In Savings Disclosure

This disclosure contains the rules that govern your deposit account as of April 1, 2019.

Account Overview:

• Kasasa Cash Back: A free variable reward checking account with $100.00 minimum balance to open that rewards account holders with cash back on their PIN-based/signature-based debit card purchases and nationwide ATM withdrawal fee and Foreign ATM fee refunds when they meet minimum qualifications during the account's Monthly Qualification Cycle.
• Kasasa Saver with Cash Back is a free, variable rate, deposit account with no minimum balance to open that rewards account holders with interest when they meet the minimum qualifications associated with their linked Kasasa Cash Back checking account during each Monthly Qualification Cycle.

Purpose and Expected Use of Account

The Kasasa Cash Back account is intended to be the account holder's primary checking account in which payroll transactions and day-to-day spending activities including but not limited to grocery, gasoline, apparel, shopping, dining, sporting and entertainment transactions are posted and settled. 

This account, the Kasasa Saver with Cash Back,  is intended to be a “linked” account with the Kasasa Cash Back account that is a saver account to help you save the “rewards”  which you earn in each monthly qualification cycle  that are associated with your  Kasasa Cash Back account.

Commensurate with the spending activities identified above, we expect the account's debit card to be used frequently throughout each month and for transaction amounts to reflect a wide dollar range. Small debit card transactions conducted on the same day at a single merchant and/or multiple transactions made during a condensed time period particularly near the end of a Monthly Qualification Cycle are not considered normal, day-to-day spending behavior. These types of transactions appear to be conducted with the sole purpose of qualifying for the account's rewards and thus will be deemed inappropriate transactions and will not count toward earning the account's rewards.

First National Bank of Kansas reserves the right to determine if the account is being maintained for a purpose other than day-to-day, primary use. Account holders who persist in making debit card transactions in a calculated and limited fashion in order to meet their monthly qualifications may have their accounts converted to a different checking account or closed altogether. We also reserve the right to convert the account to a different checking account if the account does not have consistent active use over six (6) consecutive Statement Cycles.

We have the right to close this account at any time, with proper notice. Our decision to close the account will not affect your existing obligations to us including any obligation to pay fees or charges incurred prior to termination. No deposits will be accepted and no checks will be paid after the account is closed. If the account is closed, you will forfeit any rewards that have not been credited to your account. A First National Bank of Kansas check for the remaining balance, if applicable, will be mailed to account holder at the address indicated on our current records. Upon termination of your Kasasa Cash Back with Kasasa Saver with Cash Back account, any optional add-on products / services associated with this account will also be terminated at the same time.

If, for whatever reason your Kasasa Saver with Cash Back portion of your account is closed, your Kasasa Cash Back will remain as a Kasasa Cash Back standalone account and only the Kasasa Cash Back terms and conditions articulated within this disclosure will apply.

Interest Rate & Annual Percentage Yield (APY)

• Compounding & Crediting:
  
  Interest will be compounded on a monthly basis. Interest will be credited to your Kasasa Saver with Cash Back account on the last day of the current statement cycle. If you close your account before the interest is credited, you will not receive the accrued interest. Interest begin(s) to accrue on the business day you deposit noncash items (for example, checks).
  
  "Business Day" means a calendar day other than a Saturday or a Sunday, January 1, the third Monday in January, the third Monday in February, the last Monday in May, July 4, the first Monday in September, the second Monday in October, November 11, the fourth Thursday in November, or December 25. If January 1, July 4, November 11, or December 25 falls on a Sunday, the next Monday is not a Business Day.
  
  "Statement Cycle" means the period of time for which First National Bank of Kansas provides a summary of the financial activities and transactions that post and settle to the account holder's account.
   
• Balance Computation Method:
  
  We use the average daily balance method to calculate the interest on your Kasasa Saver with Cash Back account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the Statement Cycle. 

• Interest Rate & Annual Percentage Yield:
  
  When your Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle:
  
  Kasasa Saver with Cash Back: average daily balances up to and including $15,000.00 in your Kasasa Saver with Cash Back account earn an interest rate of 50% resulting in an APY of 0.50%; and average daily balances over $15,000.00 earn an interest rate of 0.10% on the portion of the average daily balance over $15,000.00, resulting in a range from 0.50% to 0.15% APY depending on the account's average daily balance.
  
  When your Kasasa Cash Back account qualifications are not met during a Monthly Qualification Cycle:
  
  Kasasa Saver with Cash Back: the entire average daily balance in the Kasasa Saver with Cash Back account earns an interest rate of 0.05% resulting in an annual percentage yield of 0.05% APY.

Qualification Information:

To earn your rewards, the following enrollments must be in place and all transactions and activities must post and settle to your Kasasa Cash Back account during each Monthly Qualification Cycle:

• At least 12 PIN-based/signature-based debit card purchases, posted and settled
• Be enrolled in and log into online banking or mobile banking at least one (1) time per month
• Be enrolled in and have agreed to receive e-statements rather than paper statements
• Maintain a valid email address on record with bank

For clarity, in order to count as a qualifying transaction for the purpose of earning the account's rewards PIN-based / signature-based debit card purchases must be at least $0.01.

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, PIN-based / signature-based debit card purchases less than $0.01, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.

"Monthly Qualification Cycle" means a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle. "Banking Day" means any business day on which an office of the bank is open to the public for the purpose of carrying out substantially all of its banking functions. "Business Day" means a calendar day other than a Saturday or a Sunday, January 1, the third Monday in January, the third Monday in February, the last Monday in May, July 4, the first Monday in September, the second Monday in October, November 11, the fourth Thursday in November, or December 25. If January 1, July 4, November 11, or December 25 falls on a Sunday, the next Monday is not a Business Day.

"Statement Cycle" means the period of time for which our bank provides a summary of the financial activities and transactions that post and settle to the account holder's account.

Reward Information:

When Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle, you will receive 3.00% cash back on up to a total of $250.00 on PIN-based/signature-based debit card purchases that post and settle to the account during that cycle period. A maximum of $7.50 cash back payments may be earned per Monthly Qualification Cycle.

In addition, average daily balances up to and including $15,000.00 in your Kasasa Saver with Cash Back account earn an interest rate of 0.50% resulting in an APY of 0.50% and average daily balances over $15,000.00 earn an interest rate of 0.10% on the portion of the average daily balance over $15,000.00, resulting in a range from 0.50% to 0.15% APY depending on the account's average daily balance.

You will receive reimbursements up to an aggregate total of $25.00 with a maximum of $4.99 per transaction for nationwide ATM withdrawal fees and Foreign ATM fees incurred within your Kasasa Cash Back account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal 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. The ATM reimbursed fees will be credited to your Kasasa Saver with Cash Back account on the last day of the current statement cycle.

When your Kasasa Cash Back account qualifications are not met, no cash back payments are made and ATM withdrawal fees and Foreign ATM fees are not refunded. In addition, the entire average daily balance in the Kasasa Saver with Cash Back account earns an interest rate of 0.05% resulting in an annual percentage yield of 0.05% APY.

Cash Back Rewards will be credited to your Kasasa Saver with Cash Back account on the last day of the current statement cycle.

The cash back payments and nationwide ATM withdrawal fee and Foreign ATM fee reimbursements earned in your Kasasa Cash Back account will be credited to your Kasasa Saver with Cash Back account on the last day of the current statement cycle.

APY = Annual Percentage Yield. APY calculations are based on an assumed balance of $15,000.00 + $100,000.00 in your Kasasa Saver with Cash Back account and an assumed statement cycle of thirty-one (31) days. Rates, rewards, and bonuses, if any, are variable and may change after account is opened without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings. You will automatically qualify for the account's rewards during your account's first statement cycle. If the account is closed before rewards are credited, you will forfeit the rewards.

Additional Information:

Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. Kasasa Saver with Cash Back - No minimum deposit is required to open the account. Monthly activity of at least 12 debit card purchases settled and posted, be enrolled in and log into online banking or mobile banking at least one (1) time per month, be enrolled in and agree to receive eStatements, and maintain a valid email address with the bank are conditions of this account. See accompanying Other Fee Schedule of First National Bank of Kansas for fees that may apply to this account. Limit of one (1) account per Social Security Number.  There are no recurring monthly maintenance charges or fees to open or close this account. This account is not to be used for Not-for-Profit, Charitable, Tax-Exempt, Commercial or Business purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account. A Kasasa Cash Back account is required to have a Kasasa Saver with Cash Back account. If, for whatever reason the Kasasa Saver with Cash Back portion of your account is closed, your Kasasa Cash Back account will remain as a standalone Kasasa Cash Back account and that account's terms and conditions articulated within their specific disclosure will apply. A linked Kasasa Saver with Cash Back account is required for automatic savings.

Contact one of our bank customer service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. Member FDIC. Kasasa, Kasasa Cash Back and Kasasa Saver with Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A.