Columbus Grove, OH, November 13, 2010 --(PR.com
)-- The Union Bank Company (Member FDIC) asks consumers, “Do you Kasasa?” as it becomes the first financial institution in the Lima area to launch the country’s most innovative financial products.
Kasasa® is a new brand of banking accounts that pays consumers to use their account with what interests them most—high interest or automatic savings. These accounts, combined with the personal service that only community financial institutions can deliver, are offering residents a better checking account option than the mega bank experience.
“Consumers deserve to wake up to happier days of banking. We are pleased to be the first in Lima to offer these unique products,” said Brian D. Young, President of The Union Bank Company. “Kasasa delivers what research shows people really want but believe they can’t have—great financial products with the personal service of a community based financial institution.”
The Union Bank Company is offering two Kasasa financial products, including Kasasa Cash™ and Kasasa Saver™. All Kasasa products have no minimum balance, no monthly fees, and provide electronic statements and access to online banking.
· Kasasa Cash - A checking account with benefits that can include high interest and nationwide ATM fee refunds (max $25 a month/$5 a transaction).
· Kasasa Saver - A checking account linked to a Kasasa Cash account with benefits that can include high interest, and an automatic savings tool. ATM fee refunds and interest earned in the Kasasa Cash account are automatically deposited into the Kasasa Saver account each month.
To receive the Kasasa account benefits, account holders are asked to meet easy monthly qualifications, including receiving electronic statements, making twelve debit card transactions and making an electronic transaction (such as direct deposit). If an account holder does not meet the qualifications in a given month, The Union Bank Company will alert the individual, who will still earn a base rate of interest and will be eligible to qualify the following month for the benefits.
“Extensive research has shown us that consumers would prefer to do business with community financial institutions, but feel they would lose access to products,” continued Young. “Kasasa is opening people’s eyes to a new banking model where no sacrifices are necessary. It’s a win-win because account holders get innovative products and personalized service.”
For more information on Kasasa accounts, consumers can visit www.theubank.com or www.kasasa.com/theunionbankco.
Do you Kasasa?
Kasasa® 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 account holders by paying them to use their account with what interests them most—high interest or automatic savings. Kasasa, developed and distributed by BancVue®, marries innovative banking products with the personal touch of community financial institutions. For more information, visit https://www.kasasa.com.