Online Account Opening Coming Soon

Key Features

  • Cash Back on Debit Card Purchases
  • No Monthly Fees
  • Debit Card
  • Online & Mobile Banking

Free Kasasa Cash Back Checking

Free rewards — we like the sound of that. Earn cash back on debit card purchases when you do banking basics.

  • Free checking that pays you back
  • 3.00% cash back on debit card purchases*
    • No category restrictions on purchases
    • Cash back earned on up to $300 in purchases monthly
    • Earn up to $108 cash back per year, $9 per month
  • Refunds on ATM withdrawal fees, nationwide (up to $25 monthly)*
  • Link to free Kasasa Saver® to build savings automatically
  • No monthly maintenance fees
  • No minimum balance to earn rewards
  • Free Online & Mobile Banking
    • Must enroll in eStatements to maintain account
  • Free Visa® debit card
  • Add Kasasa Protect® for enhanced fraud protection
  • Surcharge-free ATMs available
  • $20 minimum deposit to open

Simple Steps to Rewards
Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash Back account during each Monthly Qualification Cycle:

  • At least 12 debit card purchases
  • One ACH, or Direct Deposit, or one BillPay transaction

That’s it. Didn’t meet your qualifications? No worries. Your account is still totally free. Then you can get back to earning your full rewards the very next month.


This is a non-interest bearing account.

*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, credit card purchases, debit and credit card purchases processed by merchants and received by our Bank as ATM transactions, non-retail payment transactions and purchases made with debit or credit cards not issued by our Bank. “Monthly Qualification Cycle” means a period beginning one (1) day prior to the first day of the current statement cycle through one (1) day prior to the close of the current statement cycle. Reward Information: When your Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle, you will receive: (1) 3.00% cash back on up to a total of $300.00 debit card purchases that post and settle to the account during that cycle period. A maximum of $9.00 cash back may be earned per Monthly Qualification Cycle; and (2) you will receive reimbursements up to $25 for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. 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 Kasasa Cash Back qualifications are not met, no cash back payments are made and ATM fees are not refunded. Cash back payments and ATM fee reimbursements will be credited to your Kasasa Cash Back account on the last day of the current statement cycle. Rates and rewards are variable and may change after account is opened. Additional Information Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $20 minimum deposit is required to open the account. At least 12 debit card purchases posted and settled during the Monthly Qualification Cycle, one (1) ACH, Direct Deposit or Bill Pay Transaction, and receipt of electronic statements are conditions of these accounts. Enrollment in electronic services (e.g. online or mobile banking, electronic statements) and log-ons may be required to meet some of the account’s qualifications. Limit one (1) Kasasa Cash account(s) per Social Security Number. There are no recurring monthly maintenance charges or fees to open or close this account. Contact one of our Severn Bank Service Representatives for additional information, details, restrictions, processing limitations and enrollment instructions. Kasasa and Kasasa Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A.

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