Offer at a glance
- Maximum bonus amount:Â $125
- Availability:Â MN
- Direct deposit required:Â Yes, recurring direct deposit
- Additional requirements:Â See below
- Hard/soft pull:Â Hard pull
- ChexSystems: Unknown
- Credit card funding:Â Up to $1,000 for both checking & savings. Mastercard or Visa
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None
- Expiration date:Â None listed
Contents
The Offer
- St Paul Federal Credit Union is offering a $125 referral bonus. Referral bonus is broken down as follows:
- $25 when the person being referred signs up for a checking bonus
- $100 when the person being referred has an account for six months and completes the following requirements:
- eStatement enrollment
- eBanking and/or mBanking usage at least monthly
- Twenty debit card purchases per month
- Recurring Direct Deposit
- This account also earns 4.99% APR
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
This account has no monthly fees to worry about.
Early Account Termination Fee
As far as I can see there is no early account termination fee.
Our Verdict
Might be worth doing just for the 4.99% APY account. Feel free to share your referrals in the comments below. We will add this to our list of the best checking 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
I’ve been with St. Paul Federal Credit Union for almost 5 years now. It’s been a great experience and I’ve gotten the 5% interest rate every month on a balance of $20K. And St. Paul Federal Credit Union was ranked as one of the 10 healthiest credit unions in the Nation by Depositaccounts.com.
Incidentally they also have phenomenal auto loans rates. I refinanced my auto loan into a 5 year 1.9% fixed from St. Paul FCU.
If you think you might be able to qualify for an account, I’d be happy to refer you. Send me an email at: [email protected]. In the email I’d just need your:
1)Â Â Â Â Â Full name
2)     Phone number you’d be submitting on your application
3)     Email address you’d be submitting on your application
Thanks!
120+ debit card transactions isn’t worth $125, I’m out.
What bureau do they pull?
Just an FYI, I haven’t gotten the online referral form to work since 2020. The last time I tried was in the Fall and it didn’t work. I have referred some people in the past and the online form worked just fine.
Best auto loan rates that I can find anywhere! They are great and relatively easy to bank with. The only downside is they only habe two physical locations.
FINALLY A BONUS IN MN LOL ITS BEEN DRY ALL MONTH XD