Bank Accounts

TAB Bank 1% Cash Back On Debit Card Purchases, No Cap

TAB Bank offers the Kasasa Cash Back checking account. When you make at least 15 debit card purchases of $5+ all of your debit card purchases will earn 1% cash back with no cap

By William CharlesSeptember 4, 202061 comments

Offer at a glance

Availability: Nationwide
Direct deposit required: No, ACH payment or bill pay also works
Additional requirements: 15 debit card transactions of $5+
Hard/soft pull: Soft pull
ChexSystems: Yes
Credit card funding: None
Monthly fees: None
Insured: FDIC

The Offer

Direct link to offer

TAB Bank offers the Kasasa Cash Back checking account. When you make at least 15 debit card purchases of $5+ all of your debit card purchases will earn 1% cash back with no cap.

Avoiding Fees

This account has no monthly fees to worry about.

Our Verdict

TAB Bank also has a rewards checking account, originally this was 4% APY on balances up to $50,000 but has now been reduced to 2% APY on balances up to $25,000 (although interest rates across the board have dropped dramatically during this period). It’s not unusual to see 1% back on debit card purchases, but the lack of a cap is. I doubt this is sustainable long term.

Hat tip to reader temp