The Bank of Missouri Kasasa Cash Checking Available Statewide

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Deal Summary: Kasasa Cash Checking, 3.05% APY on qualifying balances up to $15k.

Availability: Online market area includes all of Missouri.

The Bank of Missouri’s Kasasa Cash Checking account has been part of the product line for almost two years. The initial 3.05% APY on qualifying balances up to $15k is still in effect. Qualifying balances over $15k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.05*%-$15kThe Bank of MissouriKasasa Cash Checking
OTHER TIERS: 0.25% $15k+
Rates as of October 29, 2020.

The Monthly Qualification Cycle requirements are quite basic and include,

  • At least 15 debit card purchases
  • Log into Online Banking
  • Receive eStatements

The Kasasa Cash Checking account has no monthly maintenance fees or minimum balance requirements, and can be opened with a minimum $100 deposit. Unlimited nationwide ATM fees will be automatically reimbursed up to $25 per monthly cycle, if the qualifying requirements are met. There is a limit of one Kasasa Cash Checking account per Social Security number and cannot be used for commercial purposes.

Kasasa Saver Account

Surprisingly, The Bank of Missouri does not offer a Kasasa Saver account.

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.

Availability

Headquartered in Perryville, Missouri, The Bank of Missouri offers its Kasasa brand product to all residents of Missouri.

Opening a Kasasa Cash Checking account can be done online. The Bank of Missouri has 36 Missouri branches, located in Bolivar (2), Branson, Cape Girardeau (4), Caruthersville, Centralia, Columbia, Dixon, Fair Grove, Hallsville, Jackson (2), Marble Hill, Marshfield, Martinsburg, Mexico, Ozark, Patton, Perryville (2), Poplar Bluff, Republic, Rolla, St. Robert, Scott City, Springfield (5), Steele, Vandalia, and Wellsville. As stated on the Branch Locator page,

Lobbies are open at some locations, while some locations remain drive-up only, with lobby visits available by appointment. Select a location to view the most up-to-date information for that branch.

Bank Overview

The Bank of Missouri has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 3.41% (excellent), based on June 30, 2020 data. In the past year, the Bank increased its total non-brokered deposit by $276.02 million, an excellent annual growth rate of 19.46%. Please refer to our financial overview of The Bank of Missouri (FDIC Certificate # 1617) for more details.

Established in 1891, The Bank of Missouri was originally known as the Bank of Perryville – a name that lasted for 106 years. In the past twelve years, The Bank of Missouri acquired six banks, becoming the 16th largest bank in Missouri, with assets in excess of $2 billion and more than 71,000 customer accounts.

How the Kasasa Cash Checking Compares

When compared to the High Yield Reward Checking Accounts tracked by DepositAccounts.com that have maximum qualifying balances of at least $15k and are available to all Missouri residents, The Bank of Missouri’s Kasasa Cash Checking APY currently ranks third.

Interest RateAccount NameCredit Union/Bank
3.30% APYVertical Checking (up to $20k)Evansville Teachers Federal Credit Union
3.25% APYPanorama Checking (up to $15k)Western Vista Federal Credit Union
3.05% APYKasasa Cash Checking (up to $15k)The Bank of Missouri

The above rates are accurate as of 10/1/2020.

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.

Related Pages: Columbia checking accounts, St. Louis checking accounts, Springfield checking accounts, Paducah checking accounts, reward checking accounts

Comments

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