Take advantage of the latest Monterra Credit Union bonuses, promotions and offers here.
Update 6/13/25: San Mateo Credit Union is now Monterra Credit Union. The $150 bonus when you open a new qualifying checking account has been extended through 9/30/25.
Monterra Credit Union Bonuses Review
| Eligibility: Membership in Monterra Credit Union is open to those who live, work or attend school in San Mateo County, the City of Palo Alto or select areas of San Francisco. Membership is open to employees of companies that belongs to the Golden Gate Better Business Bureau or one of the 15 Chambers of Commerce within San Mateo County. See current membership details |
Monterra Credit Union $150 Checking Bonus
Earn a $150 bonus from Monterra Credit Union when you open a new Account.
- What you’ll get: $150 Bonus
- Eligible account: Checking
- Where it’s available: CA (Branch Locator)
- Credit Inquiry: Soft Pull or Hard Pull
- Direct Deposit Required: Yes
- Monthly Fee: None
- How to earn it:
- Earn $150 cash bonus by meeting these three (3) requirements in the first calendar month after opening your new Premium Checking account:
- Make 10 or more debit card transactions
- Have at least one monthly direct deposit, payroll deposit, or ACH transfer
- Select to receive eStatements
- Earn $150 cash bonus by meeting these three (3) requirements in the first calendar month after opening your new Premium Checking account:
(Expires 09/30/2025)
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($300 Bonus Offer) | SoFi Checking & Savings Account ($325 bonus) |
Fine Print
- Requirements to receive $150 cash bonus: Open a new Premium Checking account (no other account types are eligible) by 9/30/2025.
- Starting the full calendar month immediately following the month after account opening, 10 or more debit card purchases using the debit card(s) associated with the new Premium Checking account, minimum of one direct deposit, and eStatements must be selected.
- In the case of a joint account, purchases and payments from multiple debit cards will be added together.
- Credit Union employees, officials, and their family members are not eligible.
- Offer may change or be discontinued at any time without prior notice.
- Limit one bonus eligible checking account per individual membership.
- Cash bonus for the month will be paid to the open, eligible membership account within 31 days after the qualification period ends.
- The account must have a positive balance at the time of payout to receive the bonus.
- The bonus is classified as interest paid to the account where the bonus is credited. Any applicable taxes associated with the bonus are the responsibility of the account holder.
- To the extent required by law, the Credit Union will report the total value of this bonus to the IRS on Form 1099-INT for the tax year in which the bonus was paid.
How to Waive Monthly Fees
- Premium Checking: No monthly fees
- Free Checking & Student Checking: No monthly fees
- Business Checking: $15.00 monthly waived if an average daily balance of $4,000 is maintained.
- Business Basic Checking: $7.50
- Nonprofit Business Checking: No monthly fees
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Conclusion
Monterra Credit Union is offering a decent bonus. They also offer online and digital banking, so you’ll be able to access your money anywhere at anytime! You can have peace of mind knowing your money is insured by the NCUA.
Feel free to comment on this post with any questions you may have about Monterra Credit Union, their accounts they offer, or any experiences you have had!
While these bank promotions are rather attractive, you can also take advantage of our list of Savings, Money Market, and CD rates.
Check back often for more Monterra Credit Union Bonuses, Promotions, or Offers!
