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Find updated Bank of Elk River promotions and offers here. Typical offers range from $100 to $500.
The Bank of Elk River was established in 1885 and is headquartered in Elk River, MN. They have locations throughout Minnesota.
READ MORE: See Promotions From Chase Bank, BMO Harris, Bank Of America, TD Bank, And U.S. Bank
Compare their rates with the nation’s best Savings rates here, best Checking rates here, and the best CD rates here.
Bank of Elk River Promotions Review Below
Bank Of Elk River $500 Business Checking Offer
- What you’ll get: $500 bonus
- Where it’s available: MN (in-branch only)
- How to earn it: Open a new qualifying Business Checking account with a minimum opening deposit of $1,000 (not including the $500 bonus) by December 31, 2019 and maintain an average ledger balance of $5,000 for 90 days. In addition, you must also sign up for Online Banking, eStatements and complete 15 transactions with the account within 90 days of account opening to receive the bonus.
- When it expires: 12/31/2019
How To Earn The $500 Bonus
EARNING THE BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
- To qualify for the $500 bonus, you must 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) and maintain an average ledger balance of $5,000 for 90 days.
- To qualify for the $250 bonus, you must 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) and maintain an average ledger balance of $2,500 for 90 days.
- In addition to the conditions listed above, you must also sign up for Online Banking, eStatements and complete 15 transactions with the account within 90 days of account opening to receive the $500 or $250 bonus.
- Free Business Bill Pay
- Free Business Mobile App
- Free Mobile Deposit for Business
The Business Checking account has a $8 monthly fee, which can be waived with a $1,000 minimum balance.
- 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 or one $250 bonus per business.
- Customer will be sent a 1099 for appropriate bonus amount at year-end.
Bottom Line
Good value for a Business Checking offer and requirements are reasonable. Compare this offer with the best bank bonuses here.
[Expired] Bank of Elk River $100 Checking Bonus
- What you’ll get: $100
- Where it’s available: MN
- How to earn it:
- 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).
- 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.
- When it expires: 8/30/2019
How To Earn The Bonus
EARNING THE BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
- 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.
- 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.
- Ultimate Checking
- Free Online Banking
- Free Mobile Deposit Banking
- Free Bill Pay
- Free eStatements or paper statement
- Free The Bank Cash & Check Card with unlimited credits/debits
- Free check options
- Earns tiered interest
- No bank fees for ATM transactions
- 1/2% rate reduction on consumer installment loans with automatic transfer from a Bank of Elk River checking account
- $25 discount annually on Safe Deposit Box rental
- No fee for Cashiers Checks or MoneyGram money orders
- Automatic transfers, automatic loan payments and direct deposit options
- Carefree Checking
- Free Online Banking
- Free Mobile Deposit Banking
- Free Bill Pay
- Free eStatements or paper statement
- Free The Bank Cash & Check Card with unlimited credits/debits
- Free check options
- Earns interest
- Access to a nationwide network of surcharge-free ATMs through the MoneyPass network
- 1/2% rate reduction on consumer installment loans with automatic transfer from a Bank of Elk River checking account
- $10 discount annually on Safe Deposit Box rental
- No fee for Cashiers Checks or MoneyGram money orders
- Automatic transfers, automatic loan payments and direct deposit options
- Freedom Checking
- Free Online Banking
- Free Mobile Deposit Banking
- Free Bill Pay
- Free eStatements
- Free The Bank Cash & Check Card with unlimited credits/debits
- Access to a nationwide network of surcharge-free ATMs through the MoneyPass network
- 1/4% rate reduction on consumer installment loans with automatic transfer from a Bank of Elk River checking account
- Free check safekeeping
- Automatic transfers, automatic loan payments and direct deposit options
- Ultimate Checking
- $10,000 combined deposit balances
- $15 monthly balance fee if balance requirement is not met
- Carefree Checking
- $750 minimum balance in checking
- $10 monthly balance fee if minimum balance is not met
- Balance fees are waived for customers age 50 or older
- Freedom Checking: No monthly fee
- 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.
- Other terms may apply.
Bottom Line
This modest $100 bonus has the usual requirements of checking account bonuses. Compare this offer with the best bank bonuses here.
READ MORE: See The Best Bank Promotions Here And The Best Investing Promotions Here
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