ECCU Adds Kasasa Brand To Its Product Line


Update 8/7/20 Effective 9/1/2020, the Kasasa Cash Checking balance cap is being reduced from $35k to $10k. Only qualifying balances up to $10k will earn a 3.00% APY. Daily balances over $10K will earn a dividend rate of 0.25% on the portion of the daily balance over $10k.

Deal Summary: Free Kasasa Cash Checking, 3.00% APY on qualifying balances up to $35k.

Availability: Nationwide, with religious affiliation

California-based ECCU (formerly known as Evangelical Christian Credit Union) has recently added the Kasasa brand to its product line. The Free Kasasa Cash Checking currently earns 3.00% APY on qualifying balances up to a generous $35k. Qualifying balances over $35k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

3.00*%-$10kECCUFree Kasasa Cash Checking
OTHER TIERS: 0.25% $10k+
Rates as of April 10, 2021.

The monthly qualification cycle requirements include,

  • At least 12 debit card purchases.
  • Be enrolled in online statements.
  • Be enrolled in and log into online banking.

The Free Kasasa Cash Checking account has no minimum balance requirement or monthly service fee, but does require a $25 minimum opening deposit. Nationwide ATM fees will be reimbursed up to $25 per month, if qualifications are met. Paper statements are not available.

Free Kasasa Saver Account

ECCU is also offering a Free Kasasa Saver account as a companion account to the Free Kasasa Cash Checking account. Each month, earned cash checking rewards and ATM withdrawal fee refunds will sweep to this account. The Free Kasasa Saver account earns 1.00% APY on qualifying balances up to $100k. Like the Free Kasasa Cash Checking account, Free Kasasa Saver qualifying balances over $35k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

1.00%-$100kECCUFree Kasasa Saver
Rates as of April 10, 2021.

The Kasasa Brand

For those not familiar with the Kasasa brand, Kasasa Cash is a type of Reward Checking Account (RCA) developed by the Texas company, Kasasa, Ltd. According to the Kasasa website,

Kasasa: the free checking account that rewards each month for doing things you already do.

By performing certain actions valuable to your bank or credit union, like using your debit card or online banking, your institution makes more money, which they share with you in the form of rewards.

In case you were wondering, “Kasasa” is just a made-up word.

In a world where real-life people are too often taken for granted as account numbers,
we didn’t want to be the next [INSERT GENERIC NAME] checking account.


Headquartered in Brea, California, ECCU’s field of membership (FOM) has no geographic boundaries or Select Employee Groups, but the nationally available FOM can’t be described as an “easy membership requirement.” If you are not an immediate family member of a current ECCU member or ECCU employee, you can qualify for membership by agreeing to ECCU’s “statement of faith.” You must also be "directly affiliated with a qualified evangelical Christian organization." Once you select "I agree to ECCU's Statement of Faith" in the online application, two text boxes appear which asks you to enter the name and city of your Evangelical organization/church.

Joining ECCU and/or opening a Free Kasasa Cash Checking account can be done online or at the sole branch location in Brea, California. While ECCU’s website states “the well-being of our members, staff, ministries and missionaries is our top priority,” the branch lobby has not been closed.

Membership in ECCU is free and no membership share account is required to establish membership.

ECCU participates in the CO-OP Shared Branch and ATM networks, as well as the STAR ATM network.

Credit Union Overview

ECCU has an overall health grade of "B+" at, with a Texas Ratio of 3.00% (excellent) based on December 31, 2019 data. ECCU has increased its total non-brokered deposits by $20.38 million, and excellent annual growth rate of 3.72%. an above average capitalization level (9.57% APY), the result of holding $715.9 million in assets with $68.54 million in equity. Please refer to our financial overview of ECCU (NCUA Charter # 63837) for more details.

Founded in 1964 as the Conservative Baptist Credit Union, the credit union re-branded as the Evangelical Christian Credit Union, following the 1984 merger with the Association of Christian Schools International Credit Union. ECCU is currently the 68the largest credit union in California, with assets in excess of $715 million and more than 14,300 members.

How the Free Kasasa Cash Checking Compares

As you can imagine, there aren’t many nationally available rewards checking accounts that have maximum qualifying balances of at least $35k. When compared to those few High Yield Rewards Checking Accounts tracked by, ECCU’s Free Kansas Cash Checking APY currently ranks first.*

The above rates are accurate as of 4/6/2020.

To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account Rates Table page.

*We are continually working to keep our rates up-to-date, but there have been just too many rate cuts for us to process quickly. For the time being, please be aware that the rates listed at may not reflect the latest rates published by the banks and credit unions.

Related Pages: Los Angeles checking accounts, reward checking accounts, nationwide deals

  |     |   Comment #1
Looking at their website, it looks like they offer 3% of the purchase amount using their debit card. Not 3% of the balance in the account. I could be wrong but that's the way it looks to me.
  |     |   Comment #2
You're looking at "Kasasa Cash Back;" the account referenced in this post is "Kasasa Cash." See .
  |     |   Comment #3
The online app does not provide for beneficiary.
  |     |   Comment #25
imo ECCU requires excessive control over your spending habits, even dictating what days your spending takes place. This should have been pointed out in the review above.

From TIS disclosure:
"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 and will not count."

They also require their dictated consistent active use over 3 consecutive cycles:
We also reserve the right to convert the account to a different primary checking account if the account does not have consistent active use over three (3) consecutive Statement Cycles."
  |     |   Comment #27
Don't like it? Vote with your feet and take your money elsewhere. Clearly, these policies are in place to encourage customers who engage in certain behaviors to do just that.
  |     |   Comment #31
Yhis behaviour is relative to some account holders even being unaware or intentional to any particular fi.
  |     |   Comment #28
I think this language is not uncommon on Kasasa Cash accounts at various institutions.
  |     |   Comment #29
Some FI don't enforce that part of their disclosure but they could later on I suppose
  |     |   Comment #32
Well for those that process unintentional behaviours lets hope not and be aware in the future.
  |     |   Comment #30
And another one bites the dust, so to speak. The 35K max is dropping to a comparatively meager 10K. Combined with what might be seen as stringent requirements for debit card usage...well, to each his or her own.

"The daily balance tier to earn 3.00% APY on your free ECCU Kasasa Cash Checking account is changing. Effective September 1, 2020, your account will earn 3.00% APY on balances up to and including $10,000 (when qualifications are met). Through August 31, 2020 you will continue to earn 3.00% APY on balances up to and including $35,000."

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.