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The Best Kasasa Checking Accounts in 2022

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been previewed, commissioned or otherwise endorsed by any of our network partners.

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A Kasasa checking account is a special type of banking product that is available only at certain credit unions and community banks. Kasasa checking accounts are free and offer various rewards, such as cash back or online shopping credits. Additionally, Kasasa checking accounts offer nationwide refunds on ATM withdrawal fees.

Top nationally available Kasasa checking accounts

InstitutionAvailabilityAPY

First National Bank of Jeanerette

Nationwide3.00% on balances up to $10,000

First Security Bank & Trust

Nationwide0.80% on balances up to $15,000

Industrial Bank

Nationwide1.47% on balances up to $15,000

Bay State Savings Bank

Nationwide0.75% on balances up to $20,000

First National Bank of Jeanerette Free Kasasa Cash Checking

  • 3.00% APY on balances up to $10,000
  • $100 minimum deposit to open

The First National Bank of Jeanerette is a small community bank located in Louisiana, but they’ll let anybody open a free Kasasa Cash Checking account with them. Paying a decent 3.00% APY on balances up to $10,000 (and 0.25% on any balances above), the bank will also refund up to $25 in third-party ATM fees. All you need is to agree to receive electronic banking statements, and every month make at least 12 debit card purchases and complete at least one ACH deposit or bill pay transaction.

SEE DETAILS Secured

on The First National Bank Of Jeanerette’s secure website

Member FDIC

First Security Bank & Trust Kasasa Cash

  • 0.80% APY on balances up to $15,000
  • $100 minimum opening deposit deposit to open

Based out of Charles City, Iowa, First Security Bank & Trust offers a bank account that anyone in the country is eligible to open. The bank was founded in 1903 and only operates a few branches within Iowa, but you can still open an account and manage it online from anywhere.

To qualify for the high rate, which is valid on the largest amount of all our top picks, you’ll need to keep your email address current with the bank, sign up for e-statements, have at least one ACH deposit and use your debit card for purchases 18 times. If you don’t meet those requirements, you’ll earn a lower rate of 0.05% APY. Additionally, anything over $15,000 will drop your rate to 0.10%. In addition, if you meet the requirements, you can have up to $25 per month in ATM fees refunded.

SEE DETAILS Secured

on First Security Bank & Trust’s secure website

Member FDIC

Industrial Bank Kasasa Cash Checking

  • 1.47% APY on balances up to $15,000
  • $100 minimum deposit to open

With Industrial Bank, located in Washington, D.C., you’ll earn 1.47% on up to $15,000 in cash. Anything above that will earn you 0.20%. You’re also eligible for ATM reimbursements (up to $25) if you meet all the monthly APY requirements: You must enroll in and receive statements, enroll in and log into online banking and have at least 12 debit card purchases post and settle to your Kasasa account.

SEE DETAILS Secured

on Industrial Bank’s secure website

Member FDIC

Bay State Savings Bank Kasasa Cash

  • 0.75% APY on balances up to $20,000
  • No minimum to open an account

Earn 0.75% on your first $20,000 with Bay State Savings Bank. Qualify for this APY and ATM reimbursements by enrolling in e-statements, logging into your account at least once a cycle and having at least 12 debit card PIN-based, signature-based or online purchases post and settle.

SEE DETAILS Secured

on Bay State Savings Bank’s secure website

Member FDIC

Top regionally available Kasasa checking accounts

InstitutionAvailabilityAPY

Chief Financial Credit Union

Michigan5.00% on balances up to $5,000

Kellogg Community Credit Union

Michigan4.25% on balances up to $7,500

Kalsee Credit Union

Michigan4.25% on balances up to $25,000

Pelican State Credit Union

Arkansas, Louisiana, Mississippi and Texas4.25% on balances up to $7,500

Timberline Federal Credit Union

Arkansas 4.00% on balances up to $15,000

Security State Bank (OK)

Oklahoma2.02% on balances up to $25,000

Chief Financial Credit Union Free Kasasa Cash Checking

  • 5.00% APY on balances up to $5,000
  • No minimum balance to earn rewards
  • Available in the Kalamazoo, MI region

Chief Financial Credit Union serves the greater Detroit metro region. Chief’s Free Kasasa Cash Checking account pays you 5.00% on balances up to a maximum of $5,000, and an APY of 0.39% on the balance over this threshold. Chief will also refund up to $25 in third-party ATM fees every month.

To get the highest rate, you must receive electronic bank statements, and every month make at least 12 debit card purchases that post and settle, and log into you online banking account. Membership in Chief Financial is open to residents of the greater Detroit metro region, and selected other communities in Michigan.

SEE DETAILS Secured

on Chief Financial Credit Union’s secure website

NCUA Insured

Kellogg Community Credit Union Kasasa Cash Account

  • 4.25% APY on balances up to $7,500
  • No minimum balance to earn rewards
  • Available in West Michigan

Kellogg Community Credit Union has been providing counties in West Michigan with financial services since 1941. The bank currently offers three types of Kasasa accounts, although its Kasasa Cash account is a real winner, paying an impressive 4.25% APY on balances up to $7,500. The portion of your balance above this threshold earns 0.25% APY.

To receive the reward APY, you must agree to receive eStatements, and be enrolled in online banking. Every monthly cycle, you must make at least 12 debit card purchases, log into your online account, and have at least one direct deposit of $500 or more. You must also have a valid email address on file.

Membership in Kellogg Community Credit Union is open to those who live, work, worship, or attend school in, and businesses or other legal entities located in the Michigan counties of Allegan, Barry, Berrien, Branch, Calhoun, Cass, Ionia, Kalamazoo, Kent, St. Joseph, Montcalm, Muskegon, Newaygo, Ottawa or Van Buren.

SEE DETAILS Secured

on Kellogg Community Credit Union’s secure website

NCUA Insured

Kalsee Credit Union Kasasa Cash+ Account

  • 4.25% APY on balances up to $25,000
  • No minimum opening deposit
  • Available in the Kalamazoo, MI region

Kalsee Credit Union serves the Kalamazoo, MI region with a full menu of financial products. Kalsee offers four Kasasa accounts: Kasasa Cash+, Kasasa Cash, Kasasa Cash Back and Kasasa Saver. The credit union’s Kasasa Cash+ checking account earns 4.25% APY.

To get the highest rate, you’ll have to open a Kasasa checking account, make 24 debit purchases per month, sign up for electronic account statements, log on to your account at least once per month, and receive direct deposits totaling at least $1,000 per month. You can earn the 4.25% APY on balances up to $25,000, while balances above this threshold earn 0.35% APY. In addition, Kalsee will refund up to $25 in ATM fees incurred at domestic ATMs.

Membership in Kalsee Credit Union is open to anyone who lives, works, or attends school in the Michigan counties of Allegan, Barry, Branch, Calhoun, Cass, Kalamazoo, St. Joseph, or Van Buren.

SEE DETAILS Secured

on Kalsee Credit Union’s secure website

NCUA Insured

Pelican State Credit Union Kasasa Cash Account

  • 4.25% APY on balances up to $7,500
  • $25 minimum opening deposit
  • Available in Arkansas, Louisiana, Mississippi, and Texas

Headquartered in Baton Rouge, Louisiana, Pelican State Credit Union serves the local community with a full menu of financial products. Pelican’s Kasasa Cash checking account earns 4.25% APY on up to $7,500, one of the highest available rates we’ve found in our research. Anything over that amount will get you 0.50%. As a bonus, you’ll be reimbursed for all ATM transactions.

To get this rate, you’ll have to sign up for electronic account statements and every monthly cycle make 15 debit purchases per month, log on to your online account at least once, and receive at least one direct deposit or other automatic payment, or make one online bill payment. If qualifications aren’t met in any given month, your balance earns 0.05% APY. Best of all, Pelican offers unlimited refunds of third-party ATM fees incurred nationwide.

Membership in Pelican State Credit Union is open to residents of Arkansas, Louisiana, Mississippi, and Texas who join one of four local charitable organizations. Membership also extends to anyone working for the institution’s employer partners.

SEE DETAILS Secured

on Pelican State Credit Union’s secure website

NCUA Insured

Timberline Federal Credit Union

  • 4.00% APY on balances up to $15,000
  • $20 minimum opening deposit
  • Available in Arkansas

Timberline Federal Credit Union is an Arkansas-based credit union offering a competitive rate of 4.00% APY on its Free Kasasa Cash Checking account. The 4.00% APY applies to balances up to $15,000 and in order to earn the full APY, you must make 12 debit card purchases during the monthly qualification cycle and be enrolled in and log into online banking. If qualifications aren’t met, you will earn an APY of 0.05%.

Additionally, this account does not charge any monthly maintenance fees, and provides up to $25 per month in rebates on ATM withdrawal fees nationwide. There is a $20 minimum deposit required to open this account.

Membership to Timberline Federal Credit Union is open to anyone who lives, works, worships or attends school in any of the following counties in Arkansas: Ashley, Bradley, Calhoun, Chicot, Cleveland, Dallas, Desha, Drew, Lincoln and Union.

SEE DETAILS Secured

on Timberline Federal Credit Union’s secure website

NCUA Insured

Security State Bank Kasasa Cash Account

  • 2.02% APY on balances up to $25,000
  • $100 minimum deposit to open

Security State Bank is located in Oklahoma. Security State’s Kasasa Cash checking account earns a respectable 2.02% APY on up to $25,000 — anything over that amount will pay a blended APY of at least 0.60%. The Kasasa account has rewards, including $15 in monthly ATM reimbursements. All you have to do is post 12 debit card purchases in each monthly qualification period, enrollment in electronic statements and log on to online banking every month to qualify for rewards. The APY if qualifications aren’t met is .

SEE DETAILS Secured

on Security State Bank (Wewoka, OK)’s secure website

Member FDIC

What is a Kasasa checking account?

Developed by the Kasasa Corporation, a Texas-based financial services and marketing organization, Kasasa accounts help smaller banks compete against larger rivals by providing special features desired by consumers. In exchange for providing rewards and other benefits, Kasasa accounts require qualification. Typically, customers must enroll in online banking and/or electronic statements and undertake a certain number of monthly transactions, such as 12 debit card purchases and one or more ACH transactions.

While every Kasasa checking account comes with no monthly maintenance fees and national ATM fee rebates, the particulars of each individual bank or credit union’s account can differ. As banking is a competitive landscape, even among institutions that offer Kasasa accounts, rates and benefits will vary.

Here’s a look at the top Kasasa checking accounts, including both regionally available accounts and nationally available accounts. To select the best, we looked for Kasasa accounts that offered the highest APYs and generous rewards.

The bottom line: Are Kasasa checking accounts worth it?

Kasasa accounts can offer great benefits to customers who qualify. If you’re already making the required transactions, such as 12 debit card purchases per month, Kasasa accounts are something of a no-brainer, as they offer rewards, carry no monthly fees and reimburse domestic ATM withdrawals.

However, for those who might have to stretch to qualify for a Kasasa account, it might pay to shop around, as there are plenty of competitor accounts that also charge no monthly fees. Each individual customer will have to weigh out the benefits of a high interest rate – or one of the other Kasasa rewards – against the transaction requirements.

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The Top 5 Second Chance Bank Accounts

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

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Some banks don’t like giving second chances to customers who have less-than-stellar financial histories, especially since it could expose them to expensive risks. A record of bounced checks or debit card overdrafts could easily lock you out of the conveniences of modern banking.

Fortunately, banks also like making money, and some offer special “second chance” accounts that minimize their risk while allowing consumers to stay in the banking system. A second chance bank account gives customers with troubled records a fresh opportunity to demonstrate they can bank responsibly.

When it comes to a second chance account, fees are an unfortunate reality. But some accounts offer customers a better deal than others, and we’ve researched our database to find the second chance accounts with the most reasonable fee structures, while also factoring in whether they provide online and mobile banking, and how accessible accounts are throughout the country.

Second chance account basics

With a second chance bank account, customers shut out of traditional bank accounts get the opportunity to win their way back into a bank’s good graces. Similar to credit bureaus, financial services company ChexSystems maintains records of consumers’ banking histories. Bounced checks, overdrawn accounts or instances of fraud can all end up on your ChexSystems record; if you accumulate enough black marks on ChexSystems, banks could deny your application to open a new account.

Because second chance accounts are meant for customers who have demonstrated bad banking behavior, some lack features of traditional accounts, such as overdraft protection. In the eyes of the bank, you represent too much of a risk for them to extend you such courtesies.

Nobody likes paying fees, and we generally advise consumers to avoid needless banking fees due to the many fee-free banking options available. But fees are the price you pay for access to banking when you have a poor record. Plus, the second chance accounts listed below give you access to online and mobile banking, which is always a plus.

The 5 best second chance bank accounts

1. Chime

Checking Account Fintech app developer Chime is not a bank, however their online checking account product is open to everybody, no matter how bad your record is with ChexSystems. Chime does not check on applicants with ChexSystems, plus they offer lots of non-traditional features to help you get your financial life back on track. Best of all is the fact that they charge no fees at all, and require neither a minimum opening deposit or a minimum balance.

Chime account features:

  • No opening balance or minimum balance requirements.
  • Set up direct deposit for your paycheck, and the funds from each pay period will be deposited as soon as the transaction is initiated, giving you access to your pay up to two days earlier than conventional checking accounts.
  • Automatic savings features to help you save in your connected Chime Savings account.
  • The app sends you daily bank account balance notifications, and sends transaction alerts every time you use your debit card.
  • You can disable the debit card from the app.

Fees to watch out for:

  • Chime’s service is almost entirely fee-free: No monthly charges, no ACH transfer fees, no foreign transaction fees, and no ATM fees if you withdraw funds from MoneyPass ATMs.
  • If you make an ATM withdrawal outside of these networks, there is a $2.50 fee.
  • Overdrafts are not permitted, so there is never an overdraft fee.

2. Peoples Bank Cash Solutions Second Chance Checking

Second Chance Checking This Texas-based bank offers a second chance bank account that is available nationwide, and so long as you don’t have a record of bank or checking fraud on your record, you should be approved for this account. You’ll need to deposit at least $30 before the bank activates your account and provides you with checks and a debit card.

Fees to watch out for:

  • $4.95 monthly maintenance fee
  • $27.50 overdraft fee
  • $27.50 nonsufficient funds fee
  • $3.95 printed statement fee (which can be avoided with electronic statements)
  • $2.00 ATM withdrawal fee at machines not owned by Peoples Bank
  • $25 stop payment fee
  • $20 account closure fee (if within 90 days of opening account)

3. LendingClub Essential Checking

Essential Checking Products from online bank LendingClub are available to customers nationwide, and accessibility is a strong point in its favor. This second chance bank account only requires customers to deposit $10 to open an Essential Checking account, which is lower than some other accounts on this list.

Account Features:

  • A free debit card
  • 24/7 mobile and online banking
  • Access to LendingClub’s budgeting and personal finance tracking apps
  • Eligibility to upgrade to LendingClub’s Reward Checking account after 12 months of positive banking history

Fees to watch out for:

  • $9 monthly maintenance fee
  • $25 per item non-sufficient funds fee (waived on all overdraft items $5 or less)
  • $5 daily overdraft fee

4. Varo Bank Account

Varo Second Chance Varo only offers a few banking products, but their main bank account is designed for second-chance banking. There’s no credit check, no minimum balance requirements or monthly fees and no overdraft fees — if you try to overdraw your account, your transaction will be declined. Varo customers can withdraw money fee-free from the Allpoint ATM network, which has ATMs in stores like Target, CVS and Walgreens.

Varo Bank Account Features

  • Varo Bank allows you to deposit checks through a mobile app once you’ve received a direct deposit in the account, and you can deposit cash through Green Dot locations.
  • Once you’ve set up a direct deposit, you can earn your paycheck a few days early through Varo.

Fees to watch out for:

  • $2.50 for out-of-network ATM withdrawals
  • $5.95 for cash deposits via third party money transfer services
  • $2.50 for over the counter cash withdrawals

5. Woodforest National Bank Second Chance Checking

Second Chance Checking This regional bank has a checking account aptly named Second Chance Checking, to help people rejected by other banks access — provided they live in one of the 17 states where a physical branch exists and can meet the $25 minimum opening deposit requirement. Those states are: Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Mississippi, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, and West Virginia.

Fees to watch out for:

  • $9.95 monthly maintenance fee if you use a direct deposit
  • $9 one-time account set-up fee
  • $2.50 ATM withdrawal fee when used at a non-Woodforest network ATM
  • $15 debit card set-up fee
  • $32 overdraft fee (for each charge)

Alternatives to a second chance bank account

Get a prepaid debit card

Tired of the traditional banking experience? You could opt for a prepaid debit card instead. With a prepaid card, you can load money onto it and spend at merchants that accept major credit and debit cards. But if you try and spend more money than what’s on the card, the transaction is declined — although this prevents you from accruing any overdraft or insufficient funds fees. This is useful if you feel you may still have trouble managing your spending and need an extra layer of security to prevent you from getting into trouble.

Some prepaid cards offer extra perks like advance direct deposit and free ATMs so long as you stay in their network.

Open a secured credit card

You may also have better luck applying for a secured credit card if your credit score is in good enough shape. Usually, this requires depositing cash with the lender, who then gives you the credit card for the same amount. Each month that you make on-time payments, the bank will report that good behavior to the credit bureaus, helping you boost your credit score. At the end of the payment period (generally 12 months, though it varies by banks), you’ll get the full deposit back.

Secured cards can come with high interest rates and many don’t feature the enticing rewards other high-end cards do, but they get the basic job done for consumers who don’t need a card with a high credit limit.

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Top Checking Accounts With No Overdraft Fees in 2022

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been previewed, commissioned or otherwise endorsed by any of our network partners.

Written By

Reviewed By