Monterra Credit Union Bonus (San Mateo CU): $150 Checking – Ends 3/31/26

Imagine opening a checking account that not only meets your daily financial needs but also rewards you generously. Monterra Credit Union is offering new Premium Checking account holders the chance to earn up to a $150 cash bonus and an impressive 3.50%APY on your account balance.

Let’s look into how.

Recent Updates

• Update 3/5/26: The offer is back through 3/31/26.
• Update 1/29/25: The offer is back through 3/31/25
• Update 3/16/2024: The credit union is now renamed Monterra Credit Union. Their sign up bonus offer is now $150 instead of $100.
• Update 2/23/23: The offer was extended through 3/31/23.
• Update 11/13/22: The offer is back until 12/31/22.

[su_panel shadow=”3px 3px 3px #eeeeee” radius=”2″ text_align=”center”]Membership Information For San Mateo Credit Union:
Membership in San Mateo 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 info.[/su_panel]

Monterra Credit Union Bonus: $150 Checking Offer

• What you’ll get: $150
• Where it’s available: CA
• How to earn it:
  • Open a New Premium Checking Account: Initiate by opening a new Premium Checking account with Monterra Credit Union by April 30, 2024, to be eligible for the cash bonus offer.
  • Make Debit Card Transactions: Use your debit card for at least 10 transactions within the first full calendar month after your account opening. This includes purchases and payments.
  • Set Up a Direct Deposit or ACH Transfer: Arrange for at least one monthly direct deposit, payroll deposit, or external Automated Clearing House (ACH) transfer to your new account within the same timeframe.
  • Opt for eStatements: Choose to receive electronic statements (eStatements) instead of paper statements for your account each month.
  • Earn $50 for Each Requirement: Successfully completing each of the above steps earns you a $50 cash bonus, totaling up to $150 if all requirements are met.
  • Maintain a Positive Balance: Ensure your account has a positive balance at the time the cash bonus is paid out, which will be within 31 days after the qualification period ends.
  • Enjoy a High APY: By meeting the same three requirements monthly, your Premium Checking daily balances can earn an impressive 3.50% Annual Percentage Yield (APY), enhancing your savings growth.
• When it expires: 3/31/25

Waive The Monthly Fee

The Premium Checking and Free Checking accounts have no monthly fee.

Fine Print

• To earn a $50 cash bonus for each requirement, open a new Monterra Credit Union Premium Checking account and complete the following steps within the full calendar month following after account opening: Make 10 or more debit card transactions monthly, have at least one (1) monthly direct deposit, payroll deposit, or external ACH transfer and select to receive eStatements. For joint accounts, combined purchases and payments from multiple debit cards will count toward the requirement. Offer not available for existing Monterra members with an open Premium Checking account as of 2/25/24. 
• Limit one bonus eligible checking account per individual membership. Cash bonus will be paid within 31 days after the qualification period ends and the account must have a positive balance at payout. Monterra will classify the bonus as interest. Any applicable taxes are the account holder’s responsibility.
• **APY= Annual Percentage Yield. Rate effective as of 2/25/24. APY paid on daily balances if monthly requirements are met: 10 or more debit card purchases, one (1) direct deposit selecting to receive eStatements monthly. If requirements are not met, the APY will be 0%.
• Limit one (1) Premium Checking account per membership. Rates are subject to change. Offer may change without notice. Conditions and restrictions apply.

Bottom Line

The bonus value isn’t very high with this offer but requirements are pretty simple. Worth a look if you meet the membership criteria. Compare with the best bank promos here, including ones from Bank of America, Chase, TD Bank, Aspiration, Huntington and more.

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.