[Expired][MN, In Branch only] Bank of Elk River $600 Business Checking Bonus

Offer at a glance

• Maximum bonus amount: $600
• Availability: In branch only, all branches are in MN [Branch locator]
• Direct deposit required: None
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: $8, avoidable
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: December 31st, 2024

The Offer

Direct link to offer

• Bank of Elk River is offering a bonus of $600 when you open a new business or commercial checking account and complete the following requirements:
  • Open any new business checking account and mention offer code GET600
  • Deposit $20,000+ in new money during account opening, and maintain it through day 90 after account opening

The Fine Print

• Offer is valid for new business checking accounts only opened during promotion period of October 1, 2024 – December 31, 2024.
• You must mention in person the bonus promotion code GET600 during account opening. Employees are not eligible for the bonus offer. Account applications are subject to approval. New money is money not previously deposited at The Bank of Elk River.
• The new business checking account must be open at the time we attempt to deposit any earned bonus payment. Bonus is interest and subject to reporting on Form 1099-INT.
• Offer may be discontinued or changed at any time without notice.
• You must make a deposit at account opening with new money of at least $20,000 and thereafter maintain a minimum daily balance of at least $20,000 until the 90th day after account opening.

Avoiding Fees

The basic business checking account has no monthly fees

Early Account Termination Fee

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

Our Verdict

Better than the $500 bonus previously offered.

Hat tip to ShawntheShawn