Missouri-based Bank of Weston has launched Kasasa, a new brand of free checking and savings accounts.
Bank of Weston is offering two of the new Kasasa banking products, Kasasa Cash and Kasasa Saver. All Kasasa products are free accounts, with no minimum balance, no monthly fees, free online banking and nationwide ATM fee refunds.
Kasasa Cash is a free checking account that pays high interest in cash every month. Kasasa Saver is an account linked to a Kasasa Cash checking account. The interest and ATM fee refunds earned in the Kasasa Cash account are automatically deposited into the Kasasa Saver account each month. The balance in the Kasasa Saver account also earns interest.
To receive the Kasasa account benefits, accountholders need to meet monthly qualifications, including receiving an e-Statement, using a debit card and making an electronic transaction.
Kasasa is distributed to the Bank of Weston from BancVue, a provider of marketing and data-driven consulting solutions to community financial institutions in the US.
Jeff Elsea, president and COO at Bank of Weston, said: “As we speak with people in the community, we continue to hear their frustration with their mega bank experiences -the high fees and poor service. Our launch makes Kasasa even more accessible to local residents. Now, there is absolutely no reason for consumers to sacrifice. They can get it all great products and excellent customer service with no monthly fees and ATM fee refunds.”