New Checking Bonus Offer

Welcome to the Community!

Enjoy a $300 Cash Bonus

Hi, Neighbor!

Looking for an award-winning bank in your new community?

Look no further! There's a reason we've been named BEST BANK4 for more than 13 years in the Elk River area. From no-hassle checking accounts to local customer service - we have what it takes to make customers happy! 

Earn your $300 bonus in just three steps:

Find Your Perfect Checking Match

Open a Cashback Checking or Everyday Checking. Must be a new checking account customer and enter offer code online during account opening or provide offer code to banker at the time of account opening. 


Set up Direct Deposits

Make qualifying direct deposits totaling $500 or more within the first full statement cycle. 

Enjoy Your $300 Cash Bonus

If offer requirements are met, we’ll deposit the bonus into your new account. 

All checking accounts include:

    • Credit, Identity & Subscription Monitoring
    • Award-Winning Digital Banking
    • 24/7 Fraud Monitoring 
    • Tap-to-pay Debit Mastercard®

Cashback Checking

Why not earn while you spend? With our Cashback Checking account, you can earn cashback on debit card purchases. It’s a simple way to put money back in your pocket!

Everyday Checking

Perfect for those who prefer straightforward banking, our Everyday Checking account offers all the basic features you need to manage your finances effectively.

Contact a Personal Banker Today

Need more information or prefer to open an account in person? No problem! Visit one of our branches during business hours or make an appointment with a banker. 

Disclosures

*How to qualify for offer: (1) Offer is for new consumer checking customers only (cannot have a personal checking account closed within the previous 6 months) and is available only to the account primary owner. (2) Open a new consumer checking account, which is subject to approval, using the offer code on the postcard and deposit $500 or more in qualifying electronic deposits within the first full statement cycle. Qualifying direct deposits are regular, recurring automated clearing house (ACH) credits, which may include payroll, salary, pension or government payments (such as Social Security). Deposits that DO NOT QUALIFY are those through the Real-Time Payments (RTP) network, and payments through peer-to-peer networks such as PayPal, Zelle, Venmo or others. (3) If all requirements have been met by the end of the first full statement cycle, we will deposit the bonus into your new account within 30 days. The account must be in an active, open status when we try deposit the bonus. The bonus is considered interest and will be reported on IRS Form 1099-INT. This offer may be discontinued or changed at any time without notice. $50 minimum opening deposit required. The Bank of Elk River reserves the right to close an account at our discretion, prior to promotional requirements being met, and without a promotional payment if promotions abuse is suspected. 

1. To qualify for cashback, the account owner must clear 20+ debit card purchases and be enrolled in eStatements each statement cycle. Cashback is awarded at $.10 (1 point) per transaction up to a maximum of $10 (100 points).

2.  Accounts will be charged an ATM transaction fee for each ATM transaction at non-MoneyPass ATMs unless their specific account type provides waived fees in which their account will be charged and then refunded the fee. ATM owners may assess a surcharge fee on transactions on their ATMs. The Bank of Elk River participates in the MoneyPass ATM Network. No surcharges will be assessed on transactions occurring on any ATM displaying the MoneyPass symbol. 

3. FDIC insured to the maximum allowed by law.

4. Voted Best Bank by Star News Readers' Choice Awards

Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. 

Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license. 

MoneyPass® is a registered trademark of Fiserv, Inc. or its affiliates.