Beyond Basic: Kasasa Cash Back FAQs

Let's face it, most checking accounts are pretty basic. But if you're a PCB customer, you already know we do things differently. We're driven to enhance the value of Your Bank, which means offering products and services that go above and beyond the ordinary.

Take our Kasasa Cash Back account, for example. It's designed to reward you for your everyday banking, perfectly aligning with our mission to ensure our customers' financial success and foster growth in our communities, from Mount Hope and Marlinton to Bridgewater and beyond.

Ready to learn more about PCB's Kasasa Cash Back account? Let's dive into some frequently asked questions.

Understanding PCB Kasasa Cash Back Account

Q: How does the PCB Kasasa Cash Back account work?

The PCB Kasasa Cash Back account is a checking account that rewards you with monthly cash back when you meet specific monthly purchase qualifications. To qualify for the PCB Kasasa Cash Back rewards, you must:

• Have at least 12 debit card point-of-sale transactions post and clear your account per monthly "qualification cycle." This does not include ATM transactions
• Sign into online banking at least once per monthly qualification cycle
• Have at least one ACH transaction (deposit or withdrawal) per monthly qualification cycle

When these monthly qualifications are met, you will receive 4.00% cash back on $200 qualifying purchases or up to $8.00 cashback monthly. Additionally, PCB offers unlimited domestic ATM surcharge and terminal fee refunds of up to $4.99 per transaction.

Q: Is there a minimum balance requirement to earn rewards?

No minimum balance is required to earn rewards with a Kasasa Cash Back account. You can enjoy cashback benefits when you meet the monthly qualifications.

Q: How is Kasasa Cash Back different from credit card cashback?

While many credit cards offer cashback rewards, they can sometimes encourage overspending, which can lead to debt if not managed carefully. As Bankrate Senior Industry Analyst Ted Rossman points out, "Chasing rewards while you're in debt is a big mistake. The average credit card rate is a record-high 20.75 percent. The typical rewards payout is in the 1 to 5 percent range. It doesn't make sense to pay 20 percent or more in interest just to earn 1, 2, or even 5 percent in cash back or airline miles."

Kasasa Cash Back, on the other hand, rewards you for responsible everyday banking habits with your debit card. Plus, there are no complex rewards programs to navigate or credit score implications to worry about. It's a simple, straightforward way to earn cash back without the risk of accumulating debt.

Q: I see the name "Kasasa" a lot when looking at checking accounts. What is Kasasa, and why do so many banks offer it?

Kasasa isn't actually a bank itself. It's a financial technology and marketing company that partners with community banks and credit unions to provide innovative banking products, like the Kasasa Cash Back account you see at Your Bank and other institutions.

Think of it this way: Kasasa provides the "recipe" for these accounts, including the features, rewards, and technology, while each bank or credit union adds its own "flavor" by setting its own interest rates, qualifications, and any extra perks. So, while you'll see the Kasasa name on accounts at many different banks, each institution offers its own unique version tailored to its customers' needs. That's why it's important to compare the specifics of each Kasasa Cash Back account, including the qualifications, rewards, and fees, to find the one that best suits your banking style.

Q: How does the PCB Kasasa Cash Bank Account compare to other banks?

We've prepared this table to provide a general comparison between PCB, United One Credit Union, and Key Community Bank. While these two banks are offering a slightly higher monthly cashback reward, PCB gives you unlimited ATM fee refunds. Think about it, if you frequently use ATMs outside your bank's network, those fees can really add up!

Please note: This table is intended for general comparison purposes only. It's always best to verify the latest information and specific account details directly with each bank.

Q: How do I open a PCB Kasasa Cash Back account?

There are two ways to open a PCB Kasasa Cashback account. You can visit any PCB branch location or, for added convenience, open it online. A minimum opening deposit of $50 is required.

Q: Can businesses open a PCB Kasasa Cash Back account?

The PCB Kasasa Cash Back account is designed for personal use—there's a limit of one account per social security number. PCB has the Community Business Checking account stacked with many benefits designed to meet the needs of Virginia and West Virginia businesses.

Q: What happens if I close my account mid-cycle?

If you close your PCB Kasasa Cash Back account before the monthly qualification cycle ends, you will forfeit cash back rewards for that period.

Q: Can I switch my Kasasa Cash Back account from another financial institution to PCB?

That's great if you're already familiar with the benefits of Kasasa Cash Back! We'd be happy to help you switch your account to PCB. Here's how the process works:

1. Open your new Kasasa Cash Back account at PCB Bank. You can do this online or by visiting one of our branches. We'll guide you through the process and answer any questions you have.

2. Transfer your funds and automatic transactions. Once your new account is open, you can easily transfer your funds from your old Kasasa Cash Back account. Don't forget to switch over automatic payments or direct deposits to your new PCB account.

3. Close your old account. After transferring everything to your new PCB Bank account and verifying that all transactions are processing correctly, you can contact your previous bank to close your old Kasasa Cash Back account.

Experience the Bank that’s Beyond Ordinary

With its unique combination of cashback rewards, nationwide ATM fee refunds, and no minimum balance requirements, the Kasasa Cash Back account at PCB is the smarter way to manage your money. Visit us at any Virginia and West Virginia branches, including our locations in Bridgewater, VA, and Wardensville, WV. Our team of banking experts is ready to assist you with opening or switching to your PCB Kasasa Cash Back account!