High Interest. Nationwide ATM fee refunds*. No monthly service charge or minimum balance required to earn rewards. Put it all together and you get the best FREE checking account around!

Kasasa Cash is a whole new way to bank that benefits you the most. You not only earn high interest, but you also get ATM fees refunded nationwide, no matter whose machine you use.

That's big time rewards from an account that's already FREE, just for doing simple banking activities that make your life easier. In fact, you're probably already doing them! Do you Kasasa? If not, it's time to start!

Kasasa Cash
Summary
  • Earn 3.00% APY* on balances up to $10,000
  • 3.00% – 0.73% APY on balances over $10,000 depending on balance in account*
  • Earn 0.05% APY* when qualifications are not met
  • Nationwide ATM fee refunds up to $25 per month*
  • No monthly service charge or minimum balance to earn rewards
  • Unlimited check writing
  • Free Visa® debit card
  • 24-hour online banking with bill pay**
  • Free eStatements
  • Free telephone banking access
  • Overdraft protection available
  • $50 minimum opening deposit

Qualifications

It's so easy to earn rewards with FREE Kasasa Cash checking…you're probably already doing it!


Simply do the following during each monthly qualification cycle:

  • Have at least 12 signature based debit card purchases post and settle
  • Have at least 1 automatic payment or direct deposit post and settle
  • Be enrolled and receive e-statement notice

That's it! And if for some reason you don't qualify in one cycle, don't worry—you still have FREE checking that earns our base rate of interest. Plus, you can earn high interest and receive nationwide ATM fee refunds again, in the very next cycle!


Qualification Cycle Dates

*APY=Annual Percentage Yield. APYs accurate as of 05/13/2013. Rates may change after account is opened. Minimum to open is $50. If qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 3.00%; and (3) balances over $10,000 earn 0.50% dividend rate on portion of balance over $10,000, resulting in 3.00% - 0.73% APY depending on the balance. If qualifications are not met, all balances earn 0.05% APY. Qualifying transactions must post to and settle account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle an account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. Transfers between accounts do not count as qualifying transactions. PIN based transactions do not count towards qualifying debit card transactions. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.

Check 21

Effective Monday, August 22, 2011 checks that are clearing our member's accounts are processed in the morning along with our ACH and debit files.

RMLEFCU now processes directly through the FED. All items will be processed and posted in the mornings typically before we open our doors for business. This means that funds for checks must be available for payment prior to the check clearing the account in order to avoid a returned item. If funds in the account do not show as available (which can be affected by pending debit card transactions and deposit holds) at the time the item is presented the item will be returned unpaid.

The best ways to avoid a returned item is to have courtesy pay or overdraft protection set up to cover these unexpected events when they occur.

Check 21 allows the credit union to electronically capture, transmit and retrieve check images of all checks deposited at the credit union. This will reduce check fraud and will generate faster clearing times.

The passage of the Check Clearing law is designed to increase the efficiency and security of the national check payment system through the use of electronic image technology.

One of the biggest impacts of the technology is that checks clear faster which means instead of taking 3 – 4 days they may clear in 1 to 2 days. It is important to make sure funds are in your account before you give someone a check.