Free KASASA CASH BACK CHECKING

* Kasasa Cash Back®

This disclosure contains the rules that govern your deposit account. This Kasasa Cash Back® Disclosure must be read with the Philadelphia Federal Credit Union ("PFCU") Agreements and Disclosures, a copy of which has been provided to you.

Account Overview

Kasasa Cash Back is a free variable rewards checking account with no minimum balance that rewards members with cash back on their PIN-based/signature-based debit card purchases and nationwide ATM fee refunds when they meet minimum qualifications during the account's Monthly Qualification Cycle.

Purpose & Use Expectation

The Kasasa Cash Back account is intended to be the member'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 period 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.

PFCU reserves the right to determine if the account is being maintained for the purpose other than day-to-day, primary use. Members who persist in making debit card and transactions in a calculated and limited fashion in order to meet their monthly qualifications may have their accounts converted to a  different checking/share  draft  account or closed altogether.

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 items 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 PFCU check for the remaining balance, if applicable, will be mailed to the member at the address indicated on our current records. Upon termination of your Kasasa Cash Back account, any optional add-on products/services associated with this account will also be terminated at the same time.

Qualifications

To earn your rewards, just do the following transactions and activities in your Kasasa Cash Back account during each Monthly Qualification Cycle:

1. Have at least 12 PIN-based/signature-based debit card purchases;
2. Be enrolled in and agree to receive e-Statements; and
3. Be enrolled in and log into online banking. Minimum of (1) login per month.

Transactions must post and settle to the account during each Monthly Qualification Cycle and may take (1) or more business days from the date the transaction or activity occurred to post and settle to the account.

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 PFCU as ATM transactions.

"Business Day" means a calendar day other than a Saturday or a Sunday, and public holidays or observed public holidays.

"Monthly Qualification Cycle" means a period beginning one (1) day prior to the first day of the current Statement Cycle through  (1) day prior to the close of the current  Statement   Cycle.

"Statement Cycle" means the period of time for which PFCU provides a summary of the financial activities and transactions that post and settle to the member's account.

Rewards

When Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle, you will receive 5.00% cash back on up to a total of $200.00 PIN-based/signature-based debit card purchases that post  and settle to the account during that cycle period up to a maximum cash back earned of $10.00 per Monthly Qualification  Cycle. You will also receive reimbursements up to $10 for nationwide ATM fees incurred within your Kasasa Cash Back account during the Monthly Qualification Cycle in which you qualified. An ATM receipt must be presented within 60 calendar days of transaction for reimbursements of individual ATM fees of $5.00 or higher. When Kasasa Cash Back qualifications are not met, no cash back payments are made and ATM fees are not refunded. Cash back payments and ATM fee reimbursements will be credited to your Kasasa Cash Back account on the last day of the current statement cycle. Rates and rewards are variable and at our discretion may change after account is opened without notice to you; fees may reduce earnings. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed.

Additional information

This account is not to be used for commercial purposes and there is a limit of 1 account per primary social security number/individual tax identification number. There are no fees to open or close this account. There are no recurring monthly service charges associated with this account. See accompanying schedule of member fees for any fees that may apply to this account. Members automatically fulfill the qualifications for a cash back reward for the first Monthly Qualification Cycle that they have a Kasasa Cash Back account ("Auto Qualification"). Limit (1) Kasasa Cash Back Auto Qualification per Kasasa account. Contact one of our Philadelphia Federal Credit Union member service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA. Kasasa and Kasasa Cash Back are trademarks of BancVue, Ltd., registered  in the U.S.A.