Posted by William Charles on July 14, 2019
Bank Account Bonuses

Published on July 14th, 2019 | by William Charles

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[Expired] [MN, In Branch only] Bank of Elk River $100 Checking Bonus

Deal has expired, view more bank bonuses by clicking here.

Offer at a glance

  • Maximum bonus amount: $100
  • Availability: In branch only, all branches are in MN [Branch locator]
  • Direct deposit required: Yes, $500+
  • Additional requirements: 10 debit card transactions, eStatements
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: One
  • Expiration date: August 30th, 2019

The Offer

Direct link to offer

  • The Bank of Elk River is offering a bonus of $100 when you open a new personal checking account and complete the following requirements by September 30th, 2019:
    • Sign up for eStatements
    • Make 10 or more debit card purchases
    • Set up a direct deposit of at least $500

The Fine Print

  • Offer is available to customers who do not have an existing or prior consumer checking account at The Bank of Elk River.
  • To qualify for the $100 bonus, you must open a new consumer The Bank of Elk River checking account with a minimum opening deposit of $100 (not including the $100 bonus) by August 30, 2019.
  • In addition, you must sign up for eStatements, make 10 or more debit card purchases, and set up a direct deposit of $500 or more made into the account by September 30, 2019.
  • Limit one $100 bonus per household.
  • The $100 bonus is available with all Bank of Elk River consumer checking accounts, including non-interest-earning checking accounts and will be deposited on or before October 15, 2019 upon meeting requirements.
  • Offer is subject to qualification and customer will receive a 1099 form for cash bonus at year-end.
  • Offer valid through August 30, 2019.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

They offer a freedom checking account with no monthly fees.

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.

Our Verdict

Not a massive deal, but might be worth doing if you live near a branch. Still need to know if it’s a hard or soft pull to open though.

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Karsinogen
Karsinogen

I opened an account last fall for a $200 bonus. No hard pull and I don’t believe there was an CC funding. I had opened at least a dozen accounts by then so I don’t think they’re Chex sensitive either.

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