Offer at a glance
- Maximum bonus amount: $125
- Availability: MN
- Direct deposit required: Yes, recurring direct deposit
- Additional requirements: See below
- Hard/soft pull: Hard pull
- ChexSystems: Unknown
- Credit card funding: Up to $1,000 for both checking & savings. Mastercard or Visa
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: 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
