Kasasa™ is a new brand of free checking and savings accounts that pays consumers to use their account with what interests them most—high interest, automatic savings, money donated to charity or free iTunes® downloads. These accounts, combined with the quality service that only community financial institutions can deliver, are giving residents a better banking option than the mega bank experience.
“It’s time consumers got off the mega bank roller coaster of frustration of high fees and poor service and choose a Kasasa account from one of America’s finest community institutions like ours,” said Carl Insel, EVP of retail and commercial banking at Atlantic Coast Bank. “Consumers can now get Kasasa, which delivers what research shows consumers really want but believe they can’t have—great banking products with the personal service of a community financial institution.”
Atlantic Coast Bank is offering two Kasasa banking products, including 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 - A free checking account that pays high interest in cash every month.
• Kasasa Saver - A high interest saver account linked to a Kasasa Cash checking account. The high 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 a high rate of interest.
To receive the Kasasa account benefits, accountholders need to meet easy monthly qualifications, including receiving an eStatement, using a debit card and making an electronic transaction. If an accountholder does not meet the qualifications in a given month, Atlantic Coast Bank will alert the individual, who will be eligible the following month for the benefits.
“Extensive research has shown us that consumers would prefer to bank with community financial institutions rather than the mega banks, but feel they would sacrifice access to products,” continued Insel. “Kasasa is opening people’s eyes to a new banking model where no sacrifices are necessary. It’s a win-win because consumers get innovative products and personalized service.”
In celebration of the Kasasa launch, Atlantic Coast is also proud to be a sponsor at the 2010 Best of Jacksonville Party, set for January 28, at MOCA Jacksonville. Stop by to learn more!
In 2009, Kasasa was piloted in six other markets across the U.S. In just the first two months of offering Kasasa, participating community financial institutions reported growth rates upwards of 150% on new account openings and 372% in deposits at institutions focused on deposit growth.
Kasasa is being introduced with an aggressive, highly engaging marketing campaign in the Jacksonville area. It comes to life through a fresh mix of eye-popping advertising, the likes of which exceed the typical mega bank’s high-budget programs. The ads feature America’s top slam poets kasasa.com/news-and-media/advertising riffing lyrical threads around the theme of “Do you Kasasa?”
“We know that some consumers are reticent to switch banks, but Kasasa is their wake up call,” concludes Insel. “Banking can be a great experience again.”
Kasasa is distributed to Atlantic Coast Bank from BancVue, the leading provider of innovative products, dynamic marketing, and data-driven consulting solutions to community financial institutions nationwide to help them win the war against the mega banks.
For more information on Kasasa accounts, consumers can visit the branches of Atlantic Coast Bank throughout Florida and Georgia, or visit the website.
Do you Kasasa?
Kasasa™ (kasasa.com) is the first national brand of the most innovative checking accounts available today. The accounts, offered exclusively by the finest community financial institutions, are designed to be the first and only accounts that actually take an interest in their accountholders by paying them to use their account with what interests them most - high interest, automatic savings, money donated to charity or free iTunes® downloads. Kasasa, developed and distributed by BancVue, marries innovative banking products with the personal touch of community financial institutions.