Find an updated list of The Bank of Elk River promotions, bonuses and offers here.
Currently, they have a $500 bonus for opening a new Business Checking Account and meeting all the requirements.
The Bank of Elk River Review
The Bank of Elk River is headquartered in Elk River, Minnesota. It was established in 1885 and has grown to 98 employees at 5 locations.
- Promotion Links:
- $500 Business Checking Bonus (12/31/2019)
- Account Type: Business Checking Account, Commercial Checking Account, or Commercial Checking Account with Interest
- Availability: MN
- Branches: 5 (Bank Locator)
- Credit Inquiry: Unknown, Let us know
- Direct Deposit Options: Many Options
This bonus from The Bank of Elk River is super simple to earn and I recommend taking advantage of this offer before it expires. The Bank of Elk River rates aren’t that great, so check our best rates Savings, Money Market, and CD accounts.
If you’re not local to Minnesota, 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.
I’ll go over all The Bank of Elk River offers below.
The Bank of Elk River $500 Business Checking Bonus
When you open a new business checking or commercial checking account and meet the requirements, you can receive a $500 bonus.
- What you’ll get: $500 Bonus
- Eligible account: Business Checking Account, Commercial Checking Account, or Commercial Checking Account with Interest
- Credit inquiry: Soft Pull or Hard Pull?
- Where it’s available: MN (Bank Locator)
- How to earn it:
- Open a new qualifying account
- Maintain the average ledger balance
- Sign up for online banking & eStatements
- Complete 15 transactions with the account
- When you’ll receive it: Bonus will be deposited on or before April 3, 2020 upon meeting requirements.
- Monthly fee: Varies by account, see below
(Expires December 31, 2019)
How To Earn the $500 Bonus
- To qualify for the $500 bonus:
- 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)
- Maintain an average ledger balance of $5,000 for 90 days.
- Sign up for online banking & eStatements
- Complete 15 transactions with the account within 90 days of account opening
- To qualify for the $250 bonus:
- 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)
- Maintain an average ledger balance of $2,500 for 90 days
- Sign up for online banking & eStatements
- Complete 15 transactions with the account within 90 days of account opening
- Earns interest that is compounded and paid monthly.¹
- Online Banking
- Online Bill Pay
- Mobile Deposit Banking via browser or app (Apple® or Android™)
- Free monthly paper statements with check images. You can also upgrade to free eStatements reducing your paper trail thereby decreasing the risk of identity theft, fraud and postal delays.
- Telephone banking using The Bank of Elk River’s InfoLine service
- No minimum balance requirements
- Business Checking: $8 monthly balance fee if balance requirement is not met.
- Commercial Checking: $10.00 monthly maintenance fee
- Commercial Checking with Interest: $10.00 monthly maintenance fee
- 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.
The Bank of Elk River $100 Checking Bonus *Expired*
The Bank of Elk River is offering a $100 bonus when you open a qualifying Checking Account by August 30, 2019.
- What you’ll get: $100 Bonus
- Eligible account:Ultimate, Carefree, Freedom Checking
- Credit inquiry: Unknown, Let us know
- Where it’s available: MN
- How to earn it:
- Open a qualifying checking account with E-Statements and direct deposit and use your debit card.
- When you’ll receive it: After all requirements are met, you’ll receive the bonus.
- Monthly fee: $10 – $15 monthly maintenance fee, see below on how to waive
(Offer expired)
I’d recommend comparing this checking offer with other popular ones. Chase Bank offers $200 & $300 bonuses, TD Bank offers $150 & $300 bonuses, Huntington Bank offers $150 & $200 bonuses, Discover Bank offers $360 bonus, and HSBC Bank offers $350 & $750 bonuses.
How To Earn The $100 Bonus
- Open a checking account by August 30, 2019
- Complete these requirements by September 30, 2019:
- Must sign up for eStatements
- Make 10 or more debit card purchases
- Set up a direct deposit of $500 or more made into the account
- Online Banking
- Bill Pay
- Mobile Banking
- eStatement or paper statement
- The Bank of Elk River Cash & Check Card
- Digital Wallet
- Ultimate Checking: $15
- Maintain a $10,000 combined deposit balance
- Carefree Checking: $10
- Maintain a $750 minimum balance in checking or age 50 and older
- Offer is available to customers who do not have an existing or prior consumer checking account at The Bank of Elk River.
- To qualify for the $100 bonus, you must open a new consumer The Bank of Elk River checking account with a minimum opening deposit of $100 (not including the $100 bonus) by August 30, 2019.
- In addition, you must sign up for eStatements, make 10 or more debit card purchases, and set up a direct deposit of $500 or more made into the account by September 30, 2019.
- Limit one $100 bonus per household.
- The $100 bonus is available with all Bank of Elk River consumer checking accounts, including non-interest-earning checking accounts and will be deposited on or before October 15, 2019 upon meeting requirements.
- Offer is subject to qualification and customer will receive a 1099 form for cash bonus at year-end. Member FDIC. Offer valid through August 30, 2019.
- Other terms may apply.
Conclusion
If you are currently a resident of Minnesota and are currently interested in a new banking experience, then the promotion from The Bank of Elk River is a great bet for you. Although there are quite a few requirements, the bonus amount is very generous, so if you are eligible I would be sure to check this offer out.
Check back often for more The Bank of Elk River Bonuses, Promotions, or Offers!
The Best Bank Offers are updated here. See the below pages to get started with some of the best offers: • Chase Bank Offers. Chase offers a range of attractive Checking, Savings and Business Accounts. Chase has a great selection of sign-up bonuses in comparison to other big banks. • HSBC Bank Offers. HSBC Bank routinely has offers for several of their Personal Checking and Business Checking accounts. They also have a good referral program. • Huntington Bank Offers. Huntington Bank has high bonus amounts available through their Checking and Business Checking. Huntington also offers a Business Premier Money Market Account. • Discover Bank Offers. Discover Bank offers top cashback, savings, money market accounts and CD rates for you to take advantage of. Discover has industry leading selections to cater to your banking needs. • TD Bank Offers. TD Bank consistently offers a fantastic selection of checking accounts to cater to your banking needs. However, savings account offers are less frequently available. |