[Expired] [MN] Mid Minnesota Federal Credit Union $300 Checking Bonus

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

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: MN
  • Direct deposit required: No
  • Additional requirements: 12 debit card purchases, eStatements
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: Six months, $300
  • Household limit: None
  • Expiration date: None

The Offer

Direct link to offer

  • Mid Minnesota Federal Credit Union is offering a $300 checking bonus when you open a new checking account and complete the following requirements:
    • One ACH debit or credit
    • 12 debit card purchases
    • Receive eStatements

The Fine Print

  • The $300 bonus for a new Kasasa checking account will be earned after 60 days if account qualifiers are met.
  • The $300 bonus will be paid within 30 days of meeting the requirement (approximately 90 days after opening the account).
  • No minimum balance is required to earn the bonus or open a Kasasa account.
  • The $300 bonus is reportable income for which you will receive a tax document.
  • A $300 penalty will be imposed if the checking account is closed in the first six months.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Early Account Termination Fee

Account needs to be kept open for 6 months otherwise bonus is forfeit.

Our Verdict

Requirements seem easy to meet but we need to know if it’s a hard or soft pull first.

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    William Charles
  • On July 30, 2023, 11:00
Tags: direct deposit not requiredmn bank bonuses

View Comments (10)

  • I think they may have bait and switched on this one.

    I applied on July 30th for this one, and they took until today 8/3 to "approve" my account.

    So the question then becomes, are they going to consider my account opening date as AFTER the promotion ended, or should they be required to honor based on my "application date".

    Putting the bonus up on 7/30 and then pulling it on 7/31 or 8/1 is definitely intentional. Get a bunch of sign ups and then not honor the offer.
    This CU should probably be blacklisted on DOC.

    • Just to update this post.
      I contacted them, and they did exactly what I wrote above.

      They said even though I put in my application on July 30th, because THEY took until August 3rd to open my account, I dont qualify.

      Obviously I'll just be closing the account and withdrawing my money from them.

      Just a future warning to anyone trying to open an account with these guys, they are shady.

      • CFPB them; they have to play by the rules that they set. At the very least, they'll have to immediately answer the Feds for this behavior.

  • Our service area includes all of Becker, Cass, Crow Wing, Douglas, Morrison, Norman, Otter Tail, Todd, and Wadena counties.

    Also included are the cities of Aitkin, McGregor, and Palisade and select townships in Aitkin County*. If you live, work, worship or attend school in any of the regions listed (or are an immediate family member of someone who does) you are eligible for MMFCU membership. Immediate family includes spouse, parent, stepparent, child, stepchild, grandparents, grandchild, brother, stepbrother, sister or stepsister.

    *Currently, the included townships of Aitkin County include Aitkin, Farm Island, Fleming, Glen, Hazelton, Jeven, Kimberly, Lakeside, Logan, Malmo, McGregor, Morrison, Nordland, Shamrock, Spencer, Turner, Wealthwood, and Workman Townships.

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