Deal has expired, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â In branch only, all branches are in MN [Branch locator]
- Direct deposit required:Â Yes, four consecutive direct deposits. No minimum mentioned
- Additional requirements:Â None
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â None listed
- Household limit:Â None listed
- Expiration date:Â April 30th, 2019
Contents
The Offer
- Toro Credit Union is offering a bonus of $100 when you open a new checking account and complete the following requirements
- Use ClickSWITCH to move your direct deposits to Toro CU before 4/30/19
- Receive 4 consecutive direct deposits
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
EZ checking has no monthly fee to worry about
Early Account Termination Fee
None
Our Verdict
Relatively small bonus of only $100 and it requires 4 direct deposits, for most people this simplely isn’t worth doing especially when you need to open your account in branch as well. If anybody goes for this bonus then please share your experiences in the comments below but for now I won’t be adding this to our list of the best bank account bonuses.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
The credit union membership is highly restrictive. You have to be an employee or family member of an employee of Toro Corporation to join. Toro employs about 6,000 people so that’s a very small pool of eligible potential members.