UPDATE: I received confirmation that applying for the Kasasa Cash $100 bonus can be done online.
In September, I wrote about Evergreen Bank Group’s (EBG) Kasasa Cash account that now earns 2.25% APY on qualifying balances up to $15k. This morning, Chicagoland DA reader, miked, let me know about a $100 cash bonus EBG is offering when opening a new Kasasa Cash account through the end of the year.
In addition to meeting the Kasasa Cash monthly qualification for the first 3 statement cycles of at least 12 debit card purchases and enrollment in eStatements, the $100 cash bonus requirements are as follows:
- Offer available to new customers only.
- Checking account must be opened between 10/24/16 and 12/31/16.
- Bonus will be deposited into your new account within 10 business days of completing requirements.
- Limit of one new account-related gift incentive per calendar year per customer.
- Must mention this offer at account opening or bring ad in at account opening to receive bonus.*
- One bonus offer per account per household and not valid with any other offer.
- If the Kasasa Cash account is closed by the customer or Evergreen Bank Group within 180 days after opening, the bonus amount for that account will be deducted at closing.
*Note: I received some conflicting information from CSR this morning as to whether the $100 bonus could be applied for online, or if an in-branch visit was required. CSR stated the online application would automatically add the bonus request as long as the application was submitted before December 2016. I’m taking that piece of information with a huge grain of salt, considering the in-branch restriction mentioned above.
I had to call several phone numbers this morning before I could reach a live person – it’s Saturday morning, I shouldn’t be surprised. I will call again on Monday to get a definitive answer and will update this blog post when I know more.
Headquartered in Oak Brook, Illinois, Evergreen Bank Group’s primary market area is the Chicago metropolitan area, but the Kasasa Cash account is available to all Illinois residents, 18 years or older, through an online application.
Opening a Kasasa Cash account and applying for the $100 bonus can be done online, (see Note above) or at either of the two established suburban Chicago branches, which are located in Evergreen Park and Oak Brook. The Bank has recently opened a third branch in the Grant Square Shopping Center in Hinsdale.
Evergreen Bank Group (FDIC Certificate # 35230) has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 0.88% (excellent) based on June 30, 2016 data. In the past year, EBG has increased its total deposits by $75.4 million, an excellent annual growth rate of 13.19%. Please refer to our financial overview of Evergreen Bank Group for more details.
Evergreen Bank Group was established in 1999 as Evergreen Community Bank, and has become one of the Chicago area’s most profitable community bank, thanks to its unusual and highly successful national motorcycle lending business. A Business Wire August 2015 press release stated,
Evergreen Bank Group (“Evergreen”), with the support of Polaris Industries Inc. (“Polaris”,
NYSE: PII), announced that on September 1, 2016, Evergreen will launch a new lending
division, Performance Finance, exclusively focused on the financing of Polaris motorcycle
and Slingshot products. Evergreen will operate the Performance Finance division out of its
Reno, Nevada facility, in connection with a multi-year retail financing contract with Polaris.
How the $100 Bonus Compares
Given that there are no additional financial and transactional requirements to qualify for the Kasasa Cash Bonus, the $100 is basically a thank-you gift for opening a new account by the end of the year.
The above rates are accurate as of 11/19/2016.
Other Bank Promotions and Bonuses
Not eligible for Evergreen Bank Group’s $100 Kasasa Cash bonus? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, DepositAccounts.com readers and I also post often on bonuses in the Bank Promotions Forum.