Royal Credit Union Bonuses: $225, $250 Checking Promotions (MN, WI)

Here you can always find an updated list of Royal Credit Union bonuses, promotions and offers.

Update 10/31/24: The $250 checking bonus is currently available through 12/2/24.

Royal Credit Union Bonuses Review

Royal Credit Union was organized in April 1964 to serve the employees of Uniroyal and their families. They have grown to 50 locations, offer money market rates that are 3X the national average, and have an A health rating.

I’ll go over all Royal Credit Union offers below.

Royal Credit Union $250 Checking Bonus

Receive a $250 bonus when you open a new checking account and meet the requirements.

• What you’ll get: $250 Bonus
• Eligible account: Checking
• Where it’s available: MI, WI
• Credit Inquiry: Soft Pull
• Direct Deposit Required: Yes
• Monthly fee: $0-$10; waivable
• How to earn it:
  • Open a new checking account.
  • Receive two payroll direct deposits.
  • Earn a $250 bonus in your savings account.

(Expires 12/02/2024)

Fine Print

• Receive a $250 bonus after opening a new checking account between September 16, 2024 and December 2, 2024 and receiving two direct deposits.
• Membership qualification required. Business checking accounts are not eligible.
• Recipients with existing Royal checking accounts or with a previous Royal checking account in the last 12 months do not qualify.
• New checking account must receive two qualifying direct deposits of at least $200 each from a paycheck, pension, Social Security, or government benefit electronically deposited into the account from an employer or outside agency.
• First deposit must occur within the first 60 calendar days from account opening; second deposit must occur within 120 calendar days of account opening.
• Account must remain open for six months.
• Must open and be primary on a Primary Base Savings account.
• Incentive will be deposited into the qualifying Member’s Primary Base Savings account within 10 calendar days after the second qualifying deposit.
• Royal reserves the right to withhold or reclaim incentive if qualifications are not met based on Royal’s sole discretion.
• Limit of one account per Member may be included in promotion.
• The incentive is subject to federal and state tax requirements, which are account holder’s responsibility.
• Royal reserves the right to end this promotion at any time.
• Offer cannot be combined with any other Royal checking account offers.
• No minimum balance to open a checking account.
• Fees could reduce the balance and earnings on the account.
• Other conditions or restrictions may apply.
• Refer to our disclosures and service fees for more information. Insured by NCUA.

Royal Credit Union $225 Checking Bonus

Receive a $225 bonus when you open a new checking account and meet the requirements.

• What you’ll get: $225 Bonus
• Eligible account: Checking Account
• Where it’s available: MI, WI (Bank Locator)
• Credit Inquiry: Soft Pull
• Direct Deposit Required: Yes
• Monthly fee: None
• How to earn it:
  • Open a new Royal checking account and receive two payroll direct deposits.
  • Open your account online and use the drop-down menu options to indicate that you are eligible for an employer offer as a Menards or Midwest Manufacturing Team Member
    1. For existing Team Members: Select the Existing Employee option.
    2. For new Team Members: Select the Sign-On Bonus option.

(Limited time offer)

Fine Print

• Existing checking accounts do not qualify.
• Employee cannot have had a previously closed checking account with Royal in the last twelve (12) months.
• Offer valid only to employees of the business partnered in the Royal Employer Partnership Program and those employees that qualify for Membership with Royal.
• The checking account must receive two (2) qualifying direct deposits from the partnered employer electronically deposited into the account.
• The first deposit must occur within the first sixty (60) days from the account opening. The account must also remain open for six (6) months.
• Must open and be primary on a Primary Base Savings account.

Royal Credit Union $1,250 Money Market Bonus (Expired)

Receive a $1,250 bonus when you open a new money market account and meet the requirements.

• What you’ll get: $1,250 Bonus
• Eligible account: Money Market Account
• Where it’s available: MI, WI
• Credit Inquiry: Soft Pull
• Direct Deposit Required: No
• Monthly fee: None
• How to earn it:
  • Open new Money Market accounts opened 1/2/23 through 3/31/23 with an initial minimum deposit of $100,000 in new money.
  • The first $500 Reward will be deposited into the tax reported for account holder’s Money Market Account upon qualification.
  • The final $750 Reward will be deposited into the tax reported for account holder’s Money Market Account if the Money Market account has maintained a balance of at least $100,000 and remained open for 12 consecutive months from account opening date.

(Expires 03/31/2023)

Fine Print

• APY=Annual Percentage Yield. APY is determined by account balance and shown based on account balance of $100,000.
• APY current as of 12/21/22 and last changed 12/12/22.
• APY is accurate as of last dividend declaration date.
• Rates may change after account is opened. $10,000 minimum deposit to open account.
• No minimum balance to earn APY.
• Fees can reduce balance and earnings on account.
• Offer valid on new Money Market accounts opened 1/2/23 through 3/31/23 with an initial minimum deposit of $100,000 in new money.
• Initial deposit cannot be made from funds contained in an existing Royal account or withdrawn, redeposited, or transferred from a Royal account during this promotional period.
• Existing Money Market accounts do not qualify. Membership and account opening upon qualification.
• The first $500 Reward will be deposited into the tax reported for account holder’s Money Market Account upon qualification.
• The final $750 Reward will be deposited into the tax reported for account holder’s Money Market Account if the Money Market account has maintained a balance of at least $100,000 and remained open for 12 consecutive months from account opening date.
• Royal reserves the right to withhold final $750 Reward if qualifications are not met based on Royal’s sole discretion during the 12-month time period.
• Limit of one account per Member may be included in promotion.
• Rewards subject to federal and state tax requirements.
• Royal reserves the right to terminate this promotion at any time.
• Refer to our Disclosures and Service Fees for more information.
• Insured by NCUA.

How To Avoid Monthly Fees

• Smart Checking: No monthly fee
• Smart Checking Plus: $700 minimum balance to avoid a $10 monthly charge
• Smart Start Checking: No monthly fee
• Money Market: No monthly fee

Conclusion

If you are interested, make sure to check out Royal Credit Union to learn more about the current bonuses. Simply meet the requirements above and you will be able to start a new banking experience!

Royal Credit Union’s Money Market rates are pretty competitive, but still be sure to check our best rates Savings, Money Market, and CD accounts.

• Best Savings/Money Market rates
• Best CD Account rates

If you are not interested in the promotion above, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.

Feel free to comment on this post with any questions you may have about Royal Credit Union.

Check back often for more Royal Credit Union Bonuses, Promotions, or Offers!