[MN only] Great River Federal Credit Union $150 Checking Referral Bonus – Direct Deposit Not Required

Update 2/17/15: Deal now $100 again.

Update 12/1/24: Deal is now $150. Keep in mind still nationwide if you’re a member of ACC. Hat tip to Gadget  Bank Bonus Geek

Update 12/9/23: Deal now $100.

Update 11/7/23: Deal is now $150. Now requires 10 debit card transactions (was 5) of $10+ (previously no minimum).

Update 1/12/23: It looks like this is available nationwide if you’re a member of ACC (free to join). Hat tip to Ostrich Rider

Offer at a glance

• Maximum bonus amount: $150
• Availability: MN only. Must live, work, worship, or attend school in one of the following counties: Benton, Stearns, Sherburne
• Direct deposit required: Optional
• Additional requirements: See below
• Hard/soft pull: Hard pull
• ChexSystems: Yes, sensitive
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer (referral | direct link)

• Great River Federal Credit Union is offering a bonus of $150 to both parties when an existing member refers a new customer and the following requirements:
  • Open a new checking account
  • Complete 10 debit card transactions of $10+ or receive direct deposit within 60 days of account opening

The Fine Print

• $100 bonus ($50 bonus for minor account referrals) will be deposited at or around the 15th of the month following 60 days after account opening.
• New members must sign up for one of the following within 60 days of account opening: 1) Checking Account with Direct Deposit 2) Checking account with 5 or more debit card transactions or 3) Any type of approved loan or credit card.
• $500 referral reward maximum per calendar year.
• Referred or referral accounts must not be negative at the time of the bonus deposit.
• $50 bonus available for minor accounts without above conditions.
• Referred member must not have had a previous membership at GRFCU to qualify.
• Subject to change or cancellation without notice.
• 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 checking account with no monthly fees to worry about

Early Account Termination Fee

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

Our Verdict

If you have a referral please feel free to share it in the comments, just let us know if it’s a hard or soft pull to open in the comments below. We won’t add this to the best bank bonuses until we have that information.

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• 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?
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