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Current Promotions

October 15, 2019

Limited Time Offer: Equipment Loans at 4.39% APR* for 60 Month Term

*Annual Percentage Rate effective through 12/31/2019. Loans are subject to credit and underwriting approval. Refinancing of existing Bank of Elk River loans are not eligible. Other restrictions may apply. Other rates and terms are available. Must have a Bank of Elk River deposit account with automatic payment to qualify.

Make the switch to The Bank of Elk River and receive up to $500 cash back!* You will also receive great personalized service and the latest in technology including:
FREE Business Bill Pay | FREE Business Mobile App | FREE Mobile Deposit for Business


New TSYS® Merchant Services Accounts will also earn a $100 Activation Credit** on their merchant statements!

*To qualify for the $500 bonus, you must open a new Bank of Elk River “Business Checking Account,” “Commercial Checking Account,” or “Commercial Checking Account with Interest” with a minimum opening deposit of $1,000 (not including the $500 bonus) by December 31, 2019 and maintain an average ledger balance of $5,000 for 90 days. To qualify for the $250 bonus, you must open a new Bank of Elk River “Business Checking Account,” “Commercial Checking Account,” or “Commercial Checking Account with Interest” with a minimum opening deposit of $1,000 (not including the $250 bonus) by December 31, 2019 and maintain an average ledger balance of $2,500 for 90 days. In addition to the conditions listed above, you must also sign up for Online Banking, eStatements and complete 15 transactions with the account within 90 days of account opening to receive the $500 or $250 bonus. Bonus will be deposited on or before April 3, 2020 upon meeting requirements. Offers are subject to change without notice and cannot be combined with any other offer. Limit one $500 or one $250 bonus per business. Customer will be sent a 1099 for appropriate bonus amount at year-end. Offer valid through December 31, 2019. Wireless message and data rates may apply to mobile banking technology. Call us at 763.441.1000 for more info.

**Offer valid for new TSYS merchants only; to qualify a merchant application must be submitted by December 31, 2019. All accounts subject to credit approval; some restrictions and exclusions apply to all offerings. Merchant must receive credit approval and activate (defined as at least $50 in processed volume) within 30 days of application submission. $100 offer will appear as a credit on first processing statement after merchant has activated. Offer does not apply to Vital® Mobile solution. All trademarks contained herein are the sole and exclusive property of their respective owners. Any use of those marks without the express written permission of their owner is strictly prohibited. Vital® is a registered trademark of TSYS Merchant Solutions, LLC. ©2019 Total System Services, Inc. TSYS® is a federally registered service mark of Total System Services, ® All rights reserved.

Current Promotions

Your first order of business checks is free when you open a business account!