Offer at a glance
- Maximum bonus amount: $300
- Availability: MN
- Direct deposit required: No
- Additional requirements: 12 debit card purchases, eStatements
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Six months, $300
- Household limit: None
- Expiration date: None
The Offer
- Mid Minnesota Federal Credit Union is offering a $300 checking bonus when you open a new checking account and complete the following requirements:
- One ACH debit or credit
- 12 debit card purchases
- Receive eStatements
The Fine Print
- The $300 bonus for a new Kasasa checking account will be earned after 60 days if account qualifiers are met.
- The $300 bonus will be paid within 30 days of meeting the requirement (approximately 90 days after opening the account).
- No minimum balance is required to earn the bonus or open a Kasasa account.
- The $300 bonus is reportable income for which you will receive a tax document.
- A $300 penalty will be imposed if the checking account is closed in the first six months.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Early Account Termination Fee
Account needs to be kept open for 6 months otherwise bonus is forfeit.
Our Verdict
Requirements seem easy to meet but we need to know if it’s a hard or soft pull first.
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