New Checking Bonus Offer
Enjoy up to a $500 Cash Bonus!*See updated terms below.
Looking for an award-winning bank?
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 bonus in just three steps:
Find Your Perfect Checking Match
Open an Interest Boost Checking, Cashback Checking, or Everyday Checking. Must be a new checking account customer and enter offer code WELCOME online during account opening or provide offer code to banker at the time of account opening.
Account must be opened by October 31, 2025.
Set up Direct Deposits
Make qualifying direct deposits totaling $3,500 or more within 90 days of account opening for a $500 bonus, or direct deposits of $1,000 or more for a $350 bonus. Plus, enroll in eStatements.
Enjoy Your Cash Bonus
If offer requirements are met, we’ll deposit the bonus into your new account within 30 days.
All checking accounts include:
- Credit, Identity & Subscription Monitoring
- Award-Winning Digital Banking
- 24/7 Fraud Monitoring
- Tap-to-pay Debit Mastercard®
Interest Boost Checking
Want to see your money grow while effortlessly managing your everyday expenses? This account is the perfect solution! Not only does it provide essential features, but it also rewards you with an interest boost. Maximize your money today!
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.
Open your Account Today to Qualify for the $500 Bonus Offer!*
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 (Updated on 7/30/2025)
*How to qualify for offer: (1) Offer is for new personal 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) Between July 15, 2025 and October 31, 2025, open a new personal checking account, which is subject to approval, using offer code WELCOME and deposit $3,500 or more in qualifying electronic deposits for a $500 bonus ($1,000 or more for a $350 bonus) within 90 days of account opening. 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) Primary account owner must enroll in eStatements for checking account. (4) After 90 days, if all requirements have been met 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. For Interest Boost Checking, the Annual Percentage Yield (APY) is accurate as of July 7, 2025, balances less than $10,000: 0.10%, $10,000 - 49,999.99: 0.15%, $50,000+: 0.20%. Interest rates are determined at the bank’s discretion and can change at any time. Fees may reduce earnings on account. 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. Member FDIC
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.