Changes Coming to Kasasa Accounts

**For Lift Checking, Boost Spending, and Lift+ Checking accounts, you may qualify for monthly rewards if you meet the applicable minimum qualification requirements for the monthly qualification cycle. To meet the minimum qualification requirements for Lift Checking, and Boost Spending, you must a) make 12 debit card or credit card purchases that post and settle to your account; b) access Online Banking at least one time per month; and c) be enrolled in and receive e-statements. To meet the minimum qualification requirements for Lift+ Checking, you must a) make 24 debit or credit card purchases that post and settle to your account; b) access Online Banking at least one time per month; c) be enrolled in and receive e-statements; and d) have an aggregated minimum of $1,000.00 in direct deposits into any suffix of your Kalsee account. Lift Savings, Lift Checking, Boost Spending, and Lift+ Checking accounts are limited to one account per primary member’s Social Security Number. Lift Checking, Boost Spending, and Lift+ Checking accounts are intended to be your primary checking account in which payroll transactions and day-to-day spending activities, including but not limited to grocery, gasoline, apparel, shopping, dining, sporting and entertainment transactions, are posted and settled. Commensurate with the spending activities identified above, we expect the account’s debit or credit card to be used frequently throughout each month and for transaction amounts to reflect a wide dollar range. Any debit or credit card purchase transaction(s) totaling $4.99 or below completed during the monthly qualifications cycle will not be considered normal, day-to-day spending behavior. These types of transactions appear to be conducted with the sole purpose of qualifying for the account’s rewards and thus will be deemed inappropriate transactions and will not count toward earning the account’s rewards. Kalsee Credit Union reserves the right to determine if the account is being maintained for a purpose other than day-to-day, primary use. Accountholders who persist in making debit card transactions in a calculated and limited fashion in order to meet their monthly qualifications may have their accounts converted to a different checking account or closed altogether. We also reserve the right to convert the account to a different checking account if the account does not have consistent active use over three consecutive statement cycles. We have the right to close this account at any time, with proper notice. Our decision to close the account will not affect your existing obligations to us including any obligation to pay fees or charges incurred prior to termination. No deposits will be accepted, and no checks will be paid after the account is closed. If the account is closed, you will forfeit any rewards that have not been credited to your account. A Kalsee Credit Union check for the remaining balance, if applicable, will be mailed to accountholder at the address indicated on our current records. Upon termination of your Lift or Boost account, any optional add on products / services associated with this account will also be terminated at the same time.

Monthly Qualification Cycle. The monthly qualification cycle is defined as the first day of the month through the last day of the month.

Lift Savings. The Lift Savings account is a tiered rate account and is available only to holders of a Lift Checking, Boost Spending, or Lift+ Checking account. If you meet the minimum qualification requirements for the Lift Checking, Boost Spending, or Lift+ Checking account, the first dividend rate and annual percentage yield listed for this account in the Rate Schedule will apply to balances of $30,000.00 and below. The second dividend rate and annual percentage yield listed for this account will apply to balances of $30,000.01 or greater. Each dividend rate will apply only to that portion of the account balance within each balance range. If you do not meet all of the minimum qualification requirements during the monthly qualification cycle, the third dividend rate and annual percentage yield as listed in the Rate Schedule will apply to the entire balance in your Lift Savings account.

Lift Checking. The Lift Checking account is a tiered rate account. If you meet the minimum qualification requirements during the monthly qualification cycle, the first dividend rate and annual percentage yield listed in the Rate Schedule will apply to balances $25,000.00 and below. The second dividend rate and annual percentage yield listed for this account will apply to balances of $25,000.01 or greater. Each dividend rate will apply only to that portion of the account balance within each balance range. In addition, we will refund up to $10.00 in ATM fees assessed at domestic ATMs we do not own or operate. An ATM receipt must be presented for reimbursement of individual ATM fee of $5.00 or higher. If you have a Lift Savings account, dividends earned on the Lift Checking and ATM fees refunded to you will automatically be transferred to your Lift Savings account; in that event, dividends will not compound in the Lift Checking account. If you do not have a Lift Savings account, dividends earned and ATM fees reimbursed will remain in your Lift Checking account. If you do not meet all of the monthly qualification requirements, the third dividend rate and annual percentage yield as listed in the Rate Schedule will apply to the entire balance in your Lift Savings account and ATM fees will not be refunded to you.

Boost Spending. For Boost Spending accounts, you will receive 3.00% cash back on up to $300.00 in debit card purchases that post and settle to your account if you meet the minimum qualification requirements during the monthly qualification cycle. In addition, you will receive a refund of up to $10.00 in ATM fees assessed at domestic ATMs we do not own or operate. An ATM receipt must be presented for reimbursement on individual ATM fee of $5.00 or higher. If you have a Boost Savings account, ATM fees refunded to you will automatically be transferred to your Lift Savings account If you do not have a Lift Savings account, ATM fees reimbursed will remain in your Boost Spending account. If you do not meet all of the monthly qualification requirements, you will not earn a cash back reward and ATM fees will not be refunded to you.

Lift+ Checking. The Lift+ Checking account is a tiered rate account. If you meet the minimum qualification requirements during the monthly qualification cycle, the first dividend rate and annual percentage yield listed in the Rate Schedule will apply to balances $20,000.00 and below. The second dividend rate and annual percentage yield listed for this account will apply to balances of $20,000.01 or greater. Each dividend rate will apply only to that portion of the account balance within each balance range. In addition, we will refund up to $10.00 in ATM fees assessed at domestic ATMs we do not own or operate. An ATM receipt must be presented for reimbursement of individual ATM fee of $5.00 or higher. If you have a Lift Savings account, dividends earned on the Lift+ Checking and ATM fees refunded to you will automatically be transferred to your Lift Savings account; in that event, dividends will not compound in the Lift+ Checking account. If you do not have a Lift Savings account, dividends earned and ATM fees reimbursed will remain in your Lift+ Checking account. If you do not meet all of the monthly qualification requirements, the third dividend rate and annual percentage yield as listed in the Rate Schedule will apply to the entire balance in your Lift Savings account and ATM fees will not be refunded to you.