Tag: mn bank bonuses

[MN] Bank of Elk River $350/$500 Checking Bonus – Doctor Of Credit
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Update 8/31/25: Deal is back until October 31, 2025. Hat tip to reader FlyingBoat

There is a new $300 bonus, but seems targeted.

doesn’t start until Tuesday, 7/15

Offer at a glance

Maximum bonus amount: $500

Availability: MN only

Direct deposit required: $1,000 for $350 bonus and $3,500 for $500 bonus

Additional requirements: See below

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: $6, avoidable

Early account termination fee: None

Household limit: None listed

Expiration date: October 31, 2025

The Offer

Direct link to offer

Bank of Elk River is offering a $350/$500 bonus when you open a new checking account.

Use promo code WELCOME

Deposit $3,500 or more in qualifying electronic deposits (such as your paycheck or government benefit payment that has posted to your account) for a $500 bonus ($1,000 or more for a $350 bonus) within 90 days of account opening

Enroll in eStatements

The Fine Print

(1) Offer is for new personal checking customers only (cannot have a personal checking account closed within the previous 6 months) and is available only to the account primary owner.

(2) Between July 15, 2025 and October 31, 2025, open a new personal checking account, which is subject to approval, using offer code WELCOME and deposit $3,500 or more in qualifying electronic deposits (such as your paycheck or government benefit payment that has posted to your account) for a $500 bonus ($1,000 or more for a $350 bonus) within 90 days of account opening.

(3) Primary account owner must enroll in eStatements for checking account.

(4) After 90 days, if all requirements have been met we will deposit the bonus into your new account within 30 days.

The account must be in an active, open status when we try deposit the bonus.

The bonus is considered interest and will be reported on IRS Form 1099-INT.

This offer may be discontinued or changed at any time without notice. $50 minimum opening deposit required.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Everyday checking has a $6 monthly fee. Waived with any of the following:

Keeping a minimum daily balance of $100+, or

Receiving direct deposit(s) of $500+ per statement cycle, or

If the primary account holder is age 24 or younger

Early Account Termination Fee

I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee or not.

Our Verdict

Much better than the $100 bonus in the past. Still need to know if it’s a hard or soft pull to open.

Hat tip to Elijah B

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William Charles

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August 31, 2025
[SD & MN] American Bank & Trust $250 Checking Bonus – Doctor Of Credit
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Update 7/13/24: Deal is back until August 31, 2024. Hat tip to reader jay

Update 5/20/24: Deal is back from May 1 – June 30, 2024. Hat tip to reader Tol

Offer at a glance

Maximum bonus amount: $250

Availability: SD & MN

Direct deposit required: Yes, no minimum

Additional requirements: See below

Hard/soft pull: Soft pull

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: $25, 90 days

Household limit: None

Expiration date: February 29, 2024

The Offer

Direct link to offer

American Bank & Trust is offering a $250 checking bonus when you open a new checking account and complete the following requirements:

Receive a direct deposit within 90 days of account opening

The Fine Print

Offer available from January 1 – February 29, 2024, and American Bank & Trust (AB&T) reserves the right to withdraw this offer at any time without notice.

Accounts are subject to approval. 1) Open a new AB&T checking account; AND 2) Have your direct deposit made to this account within 90 days of opening. Person to Person payments (such as Zelle®) or external bank to bank transfers using the ACH network are not considered a direct deposit.

All accounts have a minimum opening deposit of $50 and are subject to applicable terms, fees, and charges.

After the qualifications have been met, we’ll deposit the bonus in your new account within 45 days.

If the checking account is closed by the customer within 90 days after opening, the account will be subject to a $25 early closure fee.

Eligibility may be limited based on account ownership.

Offers not available to those whose accounts have been closed within 6 months or closed with a negative balance within the last 3 years.

Limit one new checking account opening related bonus every two years from the last bonus payout date per customer.

Limit one bonus per account and per customer.

Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 104-S, if applicable.) Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about

Early Account Termination Fee

$25, 90 days

Our Verdict

If anybody goes for this bonus please share your experiences in the comments below.

Hat tip to reader Gadget

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William Charles

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July 13, 2024
[MN] Blaze Credit Union $150 Checking Bonus, Direct Deposit Not Required – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $150

Availability: MN

Direct deposit required: No

Additional requirements: See below

Hard/soft pull: Hard pull

ChexSystems: Unknown

Credit card funding: Up to $500

Monthly fees: None

Early account termination fee: Bonus forfeit, six months

Household limit: Unknown

Expiration date: 3.31.24

The Offer

Direct link to offer

Blaze Credit Union is offering a $150 checking bonus when you open a free checking account and complete the following requirements:

set up an Automatic Payment or Direct Deposit

Make a total of six Blaze debit card transactions (not including ATM transactions) within 60 calendar days from the date the account was opened

The Fine Print

Offer valid to persons with no prior checking relationship with SPIRE, Hiway or Blaze Credit Union in the last 12 months. $100 minimum deposit required to open Blaze Free, Rox, Saints, Wild or Pathfinder Checking account.

To qualify for $150 offer, account holder must set up an Automatic Payment or Direct Deposit and make a total of 6 Blaze debit card transactions (not including ATM transactions) within 60 calendar days from the date the account was opened.

Account must remain open for six months.

$150 will be deposited to the checking account upon account opening.

If all requirements of offer are not met, Blaze reserves the right to reclaim the $150.

Account holder responsible for any applicable taxes. L

imited time offer valid 1.01.24 – 3.31.24. Subject to termination at any time. Other conditions and restrictions may apply.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees

Early Account Termination Fee

Account needs to be kept open for six months or bonus will be forfeit.

Our Verdict

Blaze is a combination of HiWay & SPIRE credit union, we have covered them in the past. You won’t be eligible if you’ve had an account with either in the past. Bonus seems pretty good as a direct deposit isn’t required. It is a hard pull but we will add it to the best bank account bonuses.

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William Charles

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January 14, 2024
[MN, WI, TN, TX] Altra Federal Credit Union $150 Checking Bonus – Doctor Of Credit
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Update 11/11/23: Bonus is back but only in branch. [Branch locations]. Direct deposit is required this time ($150 or $250 depending on the account).

Offer at a glance

Maximum bonus amount: $150

Availability: Says Rochester Public School District, but previously these offers have worked in MN, WI, TN, TX

Direct deposit required: No

Additional requirements: Promo code + 10 debit card purchases

Hard/soft pull: Hard pull

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: $15, 90 days

Household limit: None

Expiration date: December 31, 2021

The Offer

Direct link to offer

Altra Bank is offering a bonus of $150 when you open a new A+ checking or A+ Platinum account and complete the following requirements:

Use promo code RPSD_A+150

Make 10 debit card transactions within 30 days of account opening

The Fine Print

$150 cash bonus available for new Altra members who open a new Altra membership and an A+ Platinum or A+ Checking account in person or online;

Offer void for current Altra members or if Altra membership has been closed within the last 30 days.

To receive offer, initial minimum ten (10) Altra debit card transactions must be posted within thirty (30) days of account opening. ATM transactions do not qualify; Only debit card transactions processed by merchants and received by Altra as Point of Sale (POS) transactions count towards qualifying debit card transactions. $150 will be deposited into new checking account within 30 business days of initial ten (10) debit card transactions posted. One A+ Checking or A+ Platinum account per member; one offer per member; personal accounts only; not available to Guardianship, Rep Payee, or UTMA accounts.

Offer valid for members age 16 and older.

A parent must co-sign if under age 18.

For tax purposes, cash bonus may be reported as dividends.

Membership eligibility required.

Limited time offer. Cannot be combined with any other checking bonus.

Contact Altra for complete details.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

A+ checking account has no monthly fees to worry about.

Early Account Termination Fee

There is a $15 fee if closed within 90 days of account opening.

Our Verdict

Pretty good bonus, main issue is knowing if you’re actually eligible or not. In the past there was a $190 bonus and up to $700. This bonus is nice and easy though with no direct deposit required, although there is a hard pull.

Hat tip to Ashley R

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William Charles

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November 11, 2023