1. No purchase, account or payment, advance of money or credit necessary to participate. Limit one entry per person. Participants must be legal U.S. residents, 18 years or older and have a valid photo ID. Employees of American Savings Bank and their immediate family are not eligible. Incomplete or illegible information received on entries will result in an invalid entry. For alternate entry and details, see Official Rules provided above.
Kalo Checking Cash Back Promotion:
Offer valid from 6/1/2019 to 7/31/2019, when 1) you deposit a minimum of $50,000 from another financial institution into your new or existing Kalo Checking account to receive $500 (or deposit a minimum of $25,000 from another financial institution to receive $200; “gift”), 2) the minimum deposit amount to qualify for the gift (“eligible funds”) remains in your ASB personal checking/savings account for a minimum of 90 days from the end of the promotion (10/29/2019), and 3) you opt-in and let us know of your intent to participate in this promotion by visiting one of our branches or by calling our Customer Banking Center. If customer is new to ASB, must not have a closed ASB personal checking account after 5/31/2017. Minimum to open a Kalo Checking account is $20. The applicable gift amount will be deposited into your checking account by 11/8/2019. If the eligible funds are withdrawn from your account within 90 days from the end of this promotion (10/29/2019), you will not qualify for the gift. If a new Kalo Checking account was opened for this promotion and is closed within 180 days of opening, a $100 fee will be assessed. Value of the gift is considered interest and may be reported to the IRS. Limit of one gift per customer and only one account per customer is eligible. Limit of one gift per customer for any 12 month period. Cannot be combined with any other promotional offer. Fees could reduce the earnings on the account.
For Kalo DeluxeSM, the $25 Monthly Service Fee is waived with $30,000 in combined personal monthly average deposit and/or outstanding loan balances or $5,000 in direct deposits per statement period. Kalo Deluxe Checking Annual Percentage Yields (APYs) are accurate as of 7/1/2019 and may change after the account is opened. APYs are 0.01% for balances less than $5,000; 0.02% for $5,000 to $9,999; 0.02% for $10,000 to $24,999; 0.02% for $25,000 to $49,999; 0.02% for $50,000 to $74,999; 0.02% for $75,000 to $99,999; 0.02% for $100,000 to $499,999; 0.02% for $500,000 and over.
For Kalo PlusSM, the $15 Monthly Service Fee is waived with $7,000 in combined personal monthly average deposit and/or outstanding loan balances or $2,500 in direct deposits per statement period. APY is 0%.
For Kalo SimpleSM, there is no Monthly Service Fee. APY is 0%.
Accounts that have qualified and selected the $500 reward between May 1, 2019 and July 9, 2019 will be entered into the Sweepstakes.