[Expired] [MN, ND] Central Minnesota Credit Union $210 Checking Bonus – Direct Deposit Not Required

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

Offer at a glance

  • Maximum bonus amount: $210
  • Availability: Must live, work, worship, volunteer or attend school in selected counties in MN & ND:
    • MN: Anoka, Becker, Benton, Carver, Chisago, Clay, Dakota, Douglas, Grant, Hennepin, Kandiyohi, McLeod, Meeker, Morrison, Otter Trail, Pope, Ramsey, Scott, Sherburne, Stearns, Todd, Wadena, Washington, Wilkin, Wright
    • ND: Cass & Richland
  • Direct deposit required: No
  • Additional requirements: See below
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Up to $5,000
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: None
  • Expiration date: None listed

The Offer

Direct link to offer

  • Central Minnesota Credit Union is offering a bonus of $210 when you open a new checking account and complete the following requirements:
    • Open account by May 31st, 2020 and get $35 bonus
    • Make 8 qualifying transactions for the following 5 months and you’ll receive a $35 monthly bonus at the end of each qualifying month – total of up to $210

The Fine Print

  • Qualifying transactions include: check withdrawal and/or deposit, cash withdrawal and/or deposit, direct deposit (payroll, Social Security, etc.), debit card transactions, online transactions, mobile deposit, transfer to a loan or savings account (except Save The Change account transfers), ACH transactions, Bill Pay or Biller Direct, ATM Transactions, auto-transfers. Transactions that DO NOT qualify towards the 8 per month: Dividend deposit, fee withdrawal, Save The Change transfer.
  • Limit one per social security number within the promotion time period.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

They offer a free checking account with no monthly fees.

Early Account Termination Fee

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

Our Verdict

Bit annoying you need to complete 8 transactions for 5 months, but there is no direct deposit requirement which is nice. This is worth doing and we will be adding this to our best bank account bonuses by clicking here.

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    William Charles
  • On May 23, 2020, 12:00
Tags: mn bank bonusesnd bank bonuses

View Comments (31)

  • Anyone that did this deal get the June bonus today? The courtesy first month bonus posted on the last day of May (my opening month) for me. I fooled around too long and tried to do a bunch of small things to reach 8 that posted just *yesterday*. I don't see the June $35 this morning. Wondering if I missed out. (I will not be calling to complain--none of my activities were in the spirt of the offer.)

    • Answering my own question. Looks like they post the monthly bonus at the end of the day. Got my June $35. I better not fool around for July.

  • Applied 5/29. Recieved call to review on 6/2. Understand delay in processing application. They are working remotely like most of us in Minnesota. After some double checking they verified I would still get bonus. Also they told me that CC would code as cash advance. Went ahead and tried my Citi American Airlines AAdvantage MileUp℠ Card anyways. Called Citi to close cash advance just in case, but they would only reduce to $750. Today it is sitting in the pending category Mortgage Companies-financial Institution, but 5K amount shows in pending purchases. Hopefully it sticks! Will update if it doesn't clear.

    • It should clear if its showing as pending, it would have been declined if it was cash advance because of the 750$ limit.

  • First tried to fund $5000 with US Bank Leverage Business card, but transaction was cancelled because it coded as cash advance and I have cash advance turned off. Then used Chase World of Hyatt card and it coded as a purchase.

  • Chase Ink Unlimited and Freedom Unlimited both coded as purchase for $5k ($4995 +$5).

  • They contacted me and P2 to ask employment info. Said account would open and be funded next day. Pending $4995 and $5 on CIU.

  • I applied on the 28th and have not heard anything yet. How long till others have received an update?

  • Thanks for all the DPs here. Any thoughts on ways this account could be used as a target for WU billpay, Moneygram or other services like that? If not, thinking this will be a short-lived account for the quick bonus.

  • DP, Banker called and said it is a soft pull. Must not be Chex sensitive because banker said I have great credit and my Chex report has an embarrassing number of pulls.

  • Based on past experience with other CUs, I expect they will start scrutinizing the applications when they start seeing a bunch of $5k CC initial funding. In one case they were holding funds and had to have a lengthy discussion with their security folks about my intentions with the accounts before they were released.

    • I can see this happening if you apply out of footprint but otherwise that should rarely be the case. A bank can't hold funds without cause and perceived promotional abuse isn't cause. Cause is fraud. So unless something doesn't match on your application, no reason to hold funds.

  • DP: I have a family member who is a manager for this bank. Confirms this is a SOFT pull on CR.

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