Please review carefully the following important information for the details on rewards, qualifications, the Bank’s expectations, and other pertinent information.
*Kasasa Tunes Terms
Sign Up Bonus:
Bank will refund up to an aggregate total of $10.00 (which includes any applicable taxes) for any iTunes, Amazon.com or Google Play purchases made with The Milford Bank debit card linked to this account that post and settle to the account within the first sixty (60) calendar days after your account is opened. Transactions may take one (1) or more days from the date the transaction occurred to post and settle to the account. This refund will be credited to your account on the last day of the current statement cycle after your aggregate iTunes, Amazon.com, Google Play purchase threshold of $10 posts and settles to your account. Any portion of the Sign Up Bonus that is not used within the stated time period will be forfeited. No minimum balance is required to obtain this bonus. $25.00 minimum deposit is required to open the account. Limit one (1) account(s) per tax reporting owner and one Sign Up Bonus per account per calendar year. If your Kasasa Tunes account is closed within six (6) months of account opening, we will deduct the Sign Up Bonus at closing.
When your Kasasa Tunes qualifications are met during a Monthly Qualification Cycle, you will earn (1) up to an aggregate of $8.00 (which includes any applicable taxes) in refunds for any iTunes, Amazon.com or Google Play purchases. In order to be refunded, iTunes, Amazon.com and Google Play purchases must be made with The Milford Bank debit card linked to this account and must post and settle to your account no more than thirty (30) calendar days after the Monthly Qualification Cycle in which you qualified ends. (2) You will also receive reimbursements up to an aggregate total of $25.00 (maximum of $4.99 per single transaction) for nationwide ATM fees imposed by other financial institutions and incurred during the Monthly Qualification Cycle in which you qualified. An ATM receipt must be presented for reimbursements of individual ATM fees of $5.00 or higher. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transactions.
To qualify for your rewards just do the following transactions and activities in your Kasasa Tunes account during each Monthly Qualification Cycle: Have at least twelve (12) qualifying debit card purchases post and settle to your account; Be enrolled in and agree to receive electronic statements (eStatements); and Be enrolled in and log into online banking or mobile banking at least once each qualification cycle. iTunes, Amazon.com, Google Play refunds and ATM fee reimbursements will be credited to your Kasasa Tunes account on the last day of the current statement cycle, which is the third Wednesday of the month for the current statement cycle. No minimum balance is required to earn or receive rewards. Rewards less than a penny cannot be distributed.
It is important to remember that account transactions and activities may take one (1) or more days from the date the transaction or activity occurred to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. Posting and settlement happen when a transaction is debited to the account. Log on to online banking or mobile banking to find out in real time when a debit transaction has posted and settled to the account. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle. A business day is every calendar day except Saturday, Sunday and U.S. federal holidays. Statement cycle means the period of time for which the bank provides a summary of the financial activities and transactions that post and settle to the account. A statement cycle begins on the third Thursday of a month and ends on the third Wednesday of the next month.
The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for earning account rewards.
WHEN KASASA TUNES QUALIFICATIONS ARE NOT MET, NO ITUNES, AMAZON.COM OR GOOGLE PLAY PURCHASES ARE REIMBURSED AND ATM FEES ARE NOT REFUNDED.
This account is intended to be the accountholder’s 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 card to be used frequently throughout each month and for transaction amounts to reflect a wide dollar range. Small debit card transactions conducted on the same day at a single merchant and/or multiple transactions made during a condensed time particularly near the end of a Monthly Qualification Cycle are not 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. Continuation of this behavior may result in your account being closed.
There are no fees to open or close this account. There are no recurring monthly charges associated with this account. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. For instance, this account cannot not be used for commercial purposes, there is a limit of one (1) account per tax reporting owner, $25.00 minimum deposit is required to open the account and enrollment in some electronic services (e.g. online banking, electronic statements) and log-ons are required to meet some of the account’s qualifications. Contact a bank service representative for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC.
Kasasa and Kasasa Tunes are trademarks of Kasasa, Ltd., registered in the U.S.A. iTunes® is a registered trademark of Apple Inc. Amazon® is a registered trademark of Amazon.com, Inc. or its affiliates. Google Play™ is a trademark of Google Inc. Any products referenced in this material are trademarks or registered trademarks of their respective companies and are not affiliated with The Milford Bank.
*Kasasa Reward Monthly Qualification Cycles 2019-2020
Cycle Date Information:
The following dates apply to our Kasasa account(s). Monthly Qualification Cycle dates are not the same as our Statement Cycle dates. Please refer to your account’s Truth In Savings disclosure for your account’s specific qualification requirements. To qualify for your account’s rewards, all of your account’s qualifying transactions must post and settle to your specific Kasasa account within the Monthly Qualification Cycle dates stated below. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning your account’s rewards. Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for your account’s rewards.
|Date||Monthly Qualification Cycle||Statement Cycle|
Future Monthly Qualification Cycle and Statement Cycle dates for our Kasasa accounts will be available to you via our website or through one of our Service Representatives within one of our offices.