Posted by William Charles on June 2, 2019
Checking Accounts no image

Published on June 2nd, 2019 | by William Charles


[Expired] [MN] Sharepoint Credit Union $100 Checking Bonus + 5% APY With No Requirements

Deal has expired, view more bank account bonuses by clicking here.

Offer at a glance

  • Maximum bonus amount: $100
  • Availability: MN only
  • Direct deposit required: None
  • Additional requirements: None
  • Hard/soft pull: Hard
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: $5.95, avoidable
  • Early account termination fee: Six months, bonus forfeit
  • Household limit: None listed
  • Expiration date: June 29th, 2019

The Offer

Direct link to offer

  • Sharepoint Credit Union is offering a bonus of $100 when you open a new Premier Rate checking account. Account also earns 5% APY on balances up to $5,000 for the first two years. There are no requirements for the bonus or 5% APY rate

The Fine Print

  • Funds will be deposited into qualified member’s Checking or Savings account at account opening.
  • SharePoint reserves the right to reclaim funds if the account is closed within six months.
  • All accounts subject to approval.
  • Member is responsible for any related taxes or restrictions according to MN laws. Cannot be combined with other offers.
  • Promotion is limited to (1) $100 incentive per member, with no prior checking relationship in the last six months. Restrictions apply. Offer ends 6/29/2019.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Account comes with a $5.95 monthly fee, this is waived if you have 10 or more point of sale transactions

Early Account Termination Fee

Bonus is forfeit if the account is closed within six months

Our Verdict

Update: Hard pull to open so not worth it for most people.

Seems like a good bonus if it’s a soft pull to open. It’s also nice to have an account that earns 5% APY, although you will need to complete 10 point of sale transactions to keep it fee free so not technically no requirements. Although meeting debit card requirements is relatively easy (ideas on how to do that here).

Hat tip to readers Jason H and John

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I reached out to them back in August when they we’re running a similar promo and they told me hard pull.


I can confirm it’s a hard pull to join the credit union. I have a 3% APY (up to $10K) savings account with them. The savings account is a nice compliment to this checking account. If you factor in the $100 checking bonus and max out both the savings ($10K) and checking ($5K) then you’d earn a first year effective 4.3% APY on $15K.

There’s also an additional $25 bonus if you are referred for this checking account and complete 1 direct deposit. If you’d like a referral send me an email at:


if I open both checking and saving, would there be 2 hard pulls?


I was surprised and disappointed to learn that SharePoint Credit Union performs a hard pull on your Experian file for each new account you open with them regardless if you are already a member of the credit union. I’ve never encountered another bank which performs a hard pull on existing members just to open a checking account. Also they pull Chex systems but are not inquiry sensitive.


The $100 bonus posted 1 day after account opening.


Can you open more than one account?


William Charles Post says Additional requirements: None but verdict says 10 POS transactions.


I was approved, im lmao/24


@MikeTheCreator @Emporio Any advice on eligibility, or are you in MN?


If you have a good credit score you should have no problem getting approved, im located in mn and have a credit score of 730-760.

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