Posted by William Charles on September 23, 2018
Bank Account Bonuses

Published on September 23rd, 2018 | by William Charles


[Expired] [MN only] North Shore Bank of Commerce $103 Checking Bonus & $103 Referral Bonus

Bonus has now expired and is no longer being offered. A full list of the best current bonuses can be found here.

Offer at a glance

The Offer

Direct link to offer

  • Open a new checking account with North Shore Bank of Commerce and receive a bonus of $103 when the following requirements are met:
    • Set up a recurring deposit of at least $300 for two consecutive months
  • If you’ve bank with North Shore Bank of Commerce for at least 12 months you can also refer friends and you both receive a bonus of $103 after the requirements above are met by the person being referred

The Fine Print

  • A qualifying direct deposit is an electronic deposit received through the Automated Clearing House (ACH) system for the customer’s wages, governmental payments such as Social Security, retirement or investment income in a monthly amount of at least $300
  • A new checking account customer is defined as someone who currently does not have a checking account with North Shore Bank. The reward is limited to only one checking account per new
    checking account customer.
  • Anniversary Reward will be deposited into your checking account within 30 days after all eligibility requirements have been satisfied.
  • Account must remain open to receive reward. Reward will be electronically deposited into the account.
  • North Shore Bank will report reward as income on Form 1099 if required by applicable law.
  • Reward recipient is responsible for any taxes. Consult your tax advisor.
  • Opening deposit of at least $100.
  • 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

Our Verdict

Seems like a great deal considering you can also fund up to $5,000 with a credit card. Because of that we will be adding this to our list of the best bank account bonuses. Feel free to share your referral information in the comments below, along with your experiences with this bank.

Useful posts regarding bank bonuses:

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I emailed you a different MN only bank account bonus twice in the last 3 months and nothing? Was $200 too.

which one? I’m in MN

me too sometimes. tell us more

Applied for an account online. Application went pending. Attempted to fund the $5000 max on my USAA Limitless. Will update as to whether it posts as purchase or not.

JT did you apply with zip code around Duluth? I tried with twin cities zip and didn’t let me get to the screen where you choose your account to open.

Ya Duluth zip

Thank you for contacting North Shore Bank. We do not pull credit to open a Checking or Savings account. We use a different system to check other qualifying factors.

Allows CC funding of $5k. MC or VISA

$5k CC funding posted as purchase on my USAA Limitless. Sweet. No HP either. I will probably try to open and fund a savings account too, then a MM, etc.


It looks like this only applies to northern MN as I applied with my ZIP code from Southern MN (Mankato area) and I received the message that it was not offered in my area.

Always wondered who all used these blogs. I’m from Mankato myself!

Applied and got a letter in the mail with standard – “You’re out of our service area”. S. Mn address used. 🙁

Anybody just put in Duluth zip at first and then real address on application page?

There’s no DPs on what counts as DD 🙁 Any thoughts?

Serve is usually a good one to try. Ally or Alliant as well.

Anyone bank with these guys and has a referral, seems like a nice deal!

Definitely doesn’t seem Chex sensitive. I opened an account and was instantly approved with at least 12 accounts in the last 6 months.

You have to wait for them to send you your online ID in the mail, though I guess you could try calling and getting it sooner that way.

Hmm. Coon Rapids did not work. But daughter lives in Otsego, just outside of twin cities and it works. It is just directly south of Elk River, so I am going to check out Joe’s Bank of Elk River for her as well.

I wonder if I should try putting my address down as hers. Its not a problem if mail goes there, but my license won’t match, if that is an issue. I would like to fund with US Bank Altitude. But would hope it doesn’t trigger USB shut down or cash advance. I called USB and can’t set my cash advance limit to 0.

DP: CIP does not count as a cash advance when funding

Nice to knockout the MSR for the CIP in one go. 😀

Has anybody who signed up for this gotten the bonus yet? Made two Fidelity deposits and working on two work DDs but nothing yet.

Haha, bonus posted today, 12/4.

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