*Kasasa Cash and Cash Back:

Qualification 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, 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 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 close of the current statement cycle.

Reward Information: When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, (1) Balances up to and including $15,000 receive APY of 5.00%  (4.88% interest rate)  and balances over $15,000 earn 0.25% interest rate on the portion of balance over $15,000, resulting in a range from 5.00% to 0.87% APY depending on the account’s balance and (2) you will receive reimbursements up to an aggregate total of  $25 ($4.99 per single transaction) for nationwide ATM withdrawal fees imposed by other financial institutions and incurred during the Monthly Qualification Cycle in which you qualified. An ATM receipt must be presented for reimbursements of individual ATM withdrawal fees of $4.99 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 (60) calendar days of the withdrawal transaction. When Kasasa Cash qualifications are not met, all balances in the account earn 0.05% APY and ATM withdrawal fees are not refunded. Interest and ATM fee reimbursements will be credited to your Kasasa Cash account on the last day of the current statement cycle. APY = Annual Percentage Yield. APYs accurate as of 02/1/2023. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. 

Reward Information: When Kasasa Cash Back-Multi-Level account qualifications are met during a Monthly Qualification Cycle, you will receive: 

  • Level 1 Rewards:  You will receive 4% cash back on up to a total of $200 debit card purchases that post and settle to the account during that cycle period. A maximum of $8 cash back payments may be earned per Monthly Qualification Cycle. In addition, you will receive the ATM rewards as articulated below.

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  • Level 2 Rewards:  You will receive 6% cash back on up to a total of $200 card purchases that post and settle to the account during that cycle period. A maximum of $12 cash back payments may be earned per Monthly Qualification Cycle.  In addition, you will receive the ATM rewards as articulated below. 

  • ATM Rewards:  You will also receive reimbursements up to the aggregate total of $25 for nationwide ATM withdrawal fees incurred within your Kasasa Cash Back-Multi-Level 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.  

When your Kasasa Cash Back account qualifications are not met, no cash back payments are made, and ATM withdrawal fees are not refunded. 

Cash back payments and nationwide ATM withdrawal fee reimbursements will be credited to your Kasasa Cash Back-Multi-Level account on the last day of the current statement cycle. 

Rates, rewards, and bonuses, if any, are variable and may change after account is opened; rates may change 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.   

Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.  A $50 minimum deposit is required to open the account. Monthly ACH debit or credit and receipt of electronic statements are conditions of this account. Enrollment in electronic services (e.g. online banking, electronic statements and log-ons may be required to meet some of the account’s qualifications. Limit 1 account per social security number. There are no recurring monthly maintenance charges or fees to open or close this account. Certain transaction and service fees may apply. Refer to our Fee Schedule for more informaion.  If the account is closed, you will forfeit any rewards that have not been credited to your account.  Contact one of our bank service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. 

This account is intended to be the accountholder’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.

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.   

Bank of Denver reserves the right to determine if the account is being maintained for a purpose other than day-to-day, primary use. Accountholders 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 three 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 Bank of Denver Cashier’s check for the remaining balance, if applicable, will be mailed to accountholder at the address indicated on our current records.  Upon termination of your Kasasa account, any optional add-on products / services associated with this account will also be terminated at the same time.  

Member FDIC.   Kasasa and Kasasa Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A.