Find an updated list of The Bank of Elk River promotions, bonuses and offers here.
Currently, they have a $500 business bonus for opening a Business Checking Account and meeting all the requirements.
About The Bank of Elk River Promotions
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. If you are not in this state, check out this list of nationwide bank bonuses for more fitting offers.
- Availability: MN (Bank Locator)
- Routing Number: 073900535
- Customer Service: 563-587-4180
CDs and Savings accounts are a great way to save money. Check out our full list of some of the best Bank Rates and CD Rates nationwide.
I’ll review the current offers below.
The Bank of Elk River $500 Business Checking Bonus
The Bank of Elk River is offering a $500 bonus when you open a qualifying Business Checking Account by December 31, 2019.
- Account Type: Business Checking Account, Commercial Checking Account, or Commercial Checking Account with Interest
- Credit Inquiry: Unknown
- ChexSystems: Yes
- Opening Deposit: $1,000
- Credit Card Funding: Unknown
- Direct Deposit Requirement: No
- Monthly Fee: Varies by account
- Additional Requirements: See below
- Household Limit: 1
- Closing Account Fee: Yes, if closed within 90 days will lose all bonus rewarded and $25 fee
(Offer expires 12/31/2019)
| Chase Business Checking ($300 Bonus) | Bank of America Business Checking ($200 bonus offer) |
| U.S. Bank Business Checking ( $400 or $900 Bonus) | Axos Bank Basic Business Checking ($400 Bonus) |
| Axos Bank Business Interest Checking ($400 Bonus) | Huntington Unlimited Plus Business Checking ($1,000 Bonus) |
| Huntington Unlimited Business Checking ($400 Bonus) | Live Oak Bank Business Savings ($200 Bonus) |
| Axos Business Premium Savings ($375 Bonus) | Bluevine Business Checking ($300 Bonus) |
How To Earn $500 Bonus
HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
- 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 by December 31, 2019
- Maintain an average ledger balance of $5,000 for 90 days
- Sign up for Online Banking and eStatements
- And complete 15 transactions with the account within 90 days of account opening to receive the $500 bonus.
- Free Business Bill Pay
- Free Business Mobile App
- Free Mobile Deposit for Business
- Business Checking Account: Maintain a $1000 minimum balance to avoid the $8 monthly balance fee
- Commercial Checking: $10.00 monthly maintenance fee
- Commercial Checking with Interest: $10.00 monthly maintenance fee
- Bonus will be deposited on or before April 3, 2020 upon meeting requirements.
- Offers are subject to change without notice and cannot be combined with any other offer.
- Limit one $500 bonus per business.
- Customer will be sent a 1099 for appropriate bonus amount at year-end. Offer valid through December 31, 2019.
The Bank of Elk River $100 Checking Bonus *Expired*
Get a $100 bonus with this offer from The Bank of Elk River
The Bank of Elk River is offering a $100 bonus when you open a qualifying Checking Account by August 30, 2019.
- Account Type: Checking Account
- Credit Inquiry: Unknown
- ChexSystems: Yes
- Opening Deposit: $100
- Credit Card Funding: Unknown
- Direct Deposit Requirement: Yes
- Monthly Fee: Varies by account
- Additional Requirements: See below
- Household Limit: 1
- Closing Account Fee: Yes, if closed within 90 days will lose all bonus rewarded and $25 fee
(Offer expired)
| BMO Smart Money Checking ($300 cash bonus) | BMO Smart Advantage Checking ($300 cash bonus) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| Fifth Third Bank Momentum® Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | Truist Checking ($400 bonus) |
How To Earn $100 Bonus
HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
- 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.
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Bottom Line
If you are a business in need of a new checking account, this switch could be an offer for you. However, be careful which account you want to open because there are monthly fees that are unavoidable for some accounts.
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*Check back for all updates on The Bank of Elk River promotions, bonuses and offers.
The best bank bonuses are updated here. Check the below pages to get started with some of the best offers: • Chase Bank Bonuses. Read about several offers for their Checking, Savings and Business accounts. Chase usually offers the most sign-up bonuses of all the big banks. • HSBC Bank Bonuses. HSBC Bank routinely has offers for several of their Personal Checking and Business Checking accounts. They also have a good referral program. • TD Bank Bonuses. TD Bank consistently offers great Checking account bonuses all year long. Savings account offers are less frequently available. • Huntington Bank Bonuses. Bonus offers for their Checking accounts are only available for limited periods throughout the year. They also have great options for those looking for a free Checking account (no monthly fees). • Discover Bank Bonuses. 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. |
Thank you for the update Michael!
These guys are Chex sensitive to churners. From MN and applied, no go. 🙁
This may be available nationwide?