Three Rivers Bank of Montana Has Competitive Kasasa Products


UPDATE 2/11/2021: Availability has changed to Montana only.

Deal Summary: Kasasa Cash, 2.03% APY on qualifying balances up to $25k. Kasasa Saver, 1.03% APY on qualifying balances up to $100k.

Availability: Nationwide Montana

Three Rivers Bank of Montana (Three Rivers Bank) recently added the Kasasa brand to its product lines. The Kasasa Cash currently earns 2.03% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.23% APY, with non-qualifying balances earning 0.01% APY.

5.50*%-$25kThree Rivers Bank of MontanaKasasa Cash
OTHER TIERS: 0.23% $25k+
Rates as of April 19, 2024.

The monthly qualification requirements are standard and do not include a direct deposit or ACH transaction.

  • At least 15 debit card purchases
  • Be enrolled in and agree to receive e-Statements

The Kasasa Cash account has no minimum balance requirement or monthly service fee and can be opened with a $100 minimum deposit. If qualifications are met, nationwide ATM fees will be reimbursed up to $5 per month. (While $5 reimbursement cap is quite low, Three Rivers Bank participates in the Allpoint® ATM network, which has more than 55,000 surcharge free ATMs across the country.) Unlimited checking writing is available and a free Visa® debit card will be issued following account opening. There is a limit of one Kasasa Cash account per Social Security number.

Kasasa Saver

The Kasasa Saver earns 1.03% APY on qualifying balances up to $100k; qualifying balances over $100k earn 0.23% APY, with non-qualifying balances earning 0.01% APY.

5.00*%-$25kThree Rivers Bank of MontanaKasasa Saver
OTHER TIERS: 0.23% $25k - $100k
Rates as of April 19, 2024.

Earned rewards from a Kasasa Cash/Kasasa Cash Back account are automatically transferred to the Kasasa Saver each month. The Kasasa Saver has no monthly maintenance fee or minimum balance requirement, but does required a $100 minimum opening deposit. There is a limit of one Kasasa Saver account per Social Security number.

Annual Earnings of Combined Kasasa Cash/Kasasa Saver Accounts

The potential combined annual earnings of the Kasasa Cash (2.03% APY/$25k) and the Kasasa Saver (1.03% APY/$100k) is approximately $1,537 (1.23% APY/$125k), which is an unusually high combined annual earnings on a large balance.

Kasasa Cash Back

The Kasasa Cash Back account offered by Three Rivers Bank earns 3.50% cash back on debit card purchases, limited to the first $300 of monthly purchases. If you are planning on maintaining a balance under $6,200, the Kasasa Cash Back account would probably be a better deal than the Kasasa Cash account; the maximum annual earnings for the Kasasa Cash Back account is $126 ($10.50 per month).

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 Kalispell, Montana, Three Rivers Bank of Montana offers its Kasasa brand products to all U.S. citizens/resident aliens who live in Montana and have a valid Social Security number. That being said, I’m going to offer my usual caveat emptor concerning nationwide availability at small banks. Three Rivers Bank is a small bank (assets of $210+ million) and smaller banks have been known to change nationwide availability if demand for a product exceeds expectations or capabilities.

While the Kasasa Cash landing page has an “Apply Now” button, it leads to a Contact Me form that collects basic information. Following the submission of the form, a Three Rivers Bank representative “will contact you within one business day to help you complete the process.” CSR stated that the Contact Me form “captures almost all the information needed to populate the Kasasa application,” with the follow-up phone call finalizing the application.

Opening a Kasasa brand product can also be done at either of the two Montana branch locations, both located in Kalispell.

Three Rivers Bank of Montana has decided to close our bank lobbies as of July 13, 2020. Our drive-up's will be open from 8am–6pm Monday thru Friday during this time. Our Lenders and New Accounts Representatives will be available by appointment only. Please call (406) 755-4271 or (406) 755-5432 to setup your appointments or contact your lender directly. We are requesting that all customers that come in for appointments wear a face mask.

Bank Overview

Three Rivers Bank of Montana has an overall health grade of "A" at, with a Texas Ratio of 8.80% (excellent) based on September 30, 2020 data. In the past year, Three Rivers Bank has increased its total non-brokered deposits by $41.66 million, an excellent annual growth rate of 28.53%. Please refer to our financial overview of Three Rivers Bank of Montana (FDIC Certificate # 21557) for more details.

Established in 1974, Three Rivers Bank of Montana was originally known as the First Security Bank of Kalispell. This locally owned and operated bank, organized by eleven local businessmen with $600k in capital, became Kalispell’s fifth bank. The Three Rivers Bank rebrand occurred in 1999 when the Bank set out to differentiate itself from three other local financial institutions that used “Security” in their names.

The new logo introduced with the name change utilizes the A-frame design to represent the surrounding mountains and three swooshes at the bottom to signify the three rivers in the Flathead Valley—the Flathead, Stillwater, and Whitefish. The three rivers unite approximately one mile southeast of the Idaho Street location and bind the Flathead Valley together.

How the Kasasa Cash Compares

When compared to the High Yield Rewards Checking Accounts tracked by that are available with the market area and have maximum qualifying balances of at least $25k, Three Rivers Bank of Montana’s Kasasa Cash APY currently ranks second.

The above rates are accurate as of 2/1/2021.

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: Missoula savings accounts, savings accounts, reward checking accounts, nationwide deals

  |     |   Comment #1
Once again, another supposed nationwide bank that turns out to be state specific only.

As soon as Ken posted info on Three Rivers, I immediately applied. Heard back from them the next day and it's been back and forth supplying all necessary data including pics of drivers licenses etc, signing docs through Docusign. Only to be told today that it's for Montana residents only. Great - now they've got all my sensitive data, do you think they'll purge it? Unlikely. Also, hard credit pull, soft pull, no pull? Good luck with that as well.

At this point, I'm not buying Ken's explanation that it really was nationwide and that they got deluged with applications and had to close it out. Is there anyone on this site who has opened and funded the rewards checking account from out of state? I'm sorry to say that I don't trust Ken's vetting process like I used to.

Bottom line - any new bank that's got the Contact Us version of an application and directs you to pick a physical location to come in and set up an account is NOT an online bank that will take nationwide reward checking accounts.
  |     |   Comment #2
Andy, if you think that’s bad...some medical providers are providing appointments for COVID-19 vaccine shots and then canceling them...sounds like the latter have something in common with former...mere mismanagement or fraud? I suggest you escalate your denial...there is an implicit representation that you qualify at each step and it is f......for them do something like an 180 degree turn ...make your final stop the ethics officer.Goodluck! Bait and switch is alive and well, unfortunately 
  |     |   Comment #3
My account was opened 2 hours after your post appeared. Thry were great to work with.
First Security Bank replied that they were in state only when I applied.
It's hit and miss with reward accounts.
  |     |   Comment #4
Thanks for your input Roy. And let me put out a public apology to Ken for my remark concerning his vetting process. I know he reports the info as he gets it. And I continue to be grateful for the work Ken puts in from which we all benefit immensely. Now, and especially in the very beginning, when it was a labor of direct service.

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