Looking to open a new bank account in The North Star State? Before you do, take a look at the top bank promotions in Minnesota below.
Our team is constantly researching new account promotions to provide you with all of the best options from banks and credit unions in your area.
Take a look at our list of the best bank bonuses in Minnesota to see the requirements for each offer and learn how to apply.
Our Featured Nationwide Bonuses
Here are 3 of our featured bank bonuses that can be obtained nationwide:
BMO
Smart Advantage Checking Account
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 78 days
- Requires
- Direct Deposit
SoFi
SoFi Checking and Savings
- Bonus
- up to $300
- Account Type
- Personal Checking
- Expires In
- 44 days
- Requires
- Direct Deposit
Upgrade
Rewards Checking Plus
- Bonus
- $200
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
See our list of the Best Banks in Minnesota
Personal Checking Bonuses in Minnesota
Here are the current personal checking promotions available in MN:
1. BMO Smart Advantage Checking - $300 bonus
BMO is giving you 3 months to accumulate $4,000 in direct deposits to earn a $300 cash bonus for opening a new BMO Smart Advantage Checking Account or BMO Smart Money Checking Account.
This offer is available nationally if you open online, or in-branch if you live in a state within their brick-and-mortar footprint. What's even better? They're also offering a $5/month kicker on their Savings Builder account every month you save $200 or more, for the first year..
This reward has increased compared to the bonus they offered earlier this year, with the same requirements.
BMO : Smart Advantage Checking Account
- Bonus Amount
- $300
- Account Type
- Personal Checking
- Availability
- Nationwide
- Offer Expires
- February 3, 2025
- Bonus Requirements
-
- Open a new BMO Smart Advantage Checking Account or BMO Smart Money Checking Account using the link below.
- Within 90 days, have a total of $4,000 in direct deposits.
- If qualifications are met, bonus is paid approximately 100 days after account opening.
- *Conditions apply. Accounts are subject to approval and available in the U.S. by BMO Bank N.A. Member FDIC
at BMO
2. Royal Credit Union Personal or Student Checking - $250 bonus
To close out 2024, Royal Credit Union is offering residents of Minnesota and Wisconsin a $250 welcome bonus when you open a new personal checking account and set up direct deposit. What's even more? This offer is even available for their student account which is rare!
Royal Credit Union : Personal or Student Checking
- Bonus Amount
- $250
- Account Type
- Personal Checking
- Availability
- WI, MN
- Offer Expires
- December 2, 2024
- Bonus Requirements
-
- Become a member and open a new personal RCU checking account.
- Within the first 60 days receive a qualifying direct deposits of at least $200.
- Within the first 120 day receive a second direct deposit of at least $200.
- Keep the account open for 6 months.
- Must open and be primary on a Primary Base Savings account.
- Bonus will be deposited into the qualifying Member’s Primary Base Savings account within 10 days after the second qualifying deposit.
at Royal Credit Union
3. U.S. Bank Smartly® Checking - up to $450 bonus
U.S. Bank is offering up to a $450 bonus for opening a new U.S. Bank Smartly® Checking. This is back towards the lower end of bonuses we've seen from U.S. Bank.
The direct deposit threshold for the checking bonus is somewhat steep to earn the max bonus amount, but if you have the income, this is an easy bonus. You'll have 90 days to reach this target, but keep in mind that unlike some banks that let you hit the bonus in a single transaction, U.S. Bank requires at least two direct deposits to qualify for this promotion.
U.S. Bank : U.S. Bank Smartly® Checking
- Bonus Amount
- up to $450
- Account Type
- Personal Checking
- Availability
- AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY
- Offer Expires
- December 30, 2024
- Bonus Requirements
-
- Open a new U.S. Bank Smartly® Checking account.
- Within 90 days, enroll in online banking or the U.S. Bank Mobile App.
- Within the same 90 days, make two or more direct deposits totaling amounts as follows: $2,000 - $4,999.99, earn $250; $5,000 - $7,999.99, earn $350; $8,000+, earn $450.
- Bonus will be credited to your new checking account within 60 days following the end of the calendar month during which you completed all the offer requirements.
at U.S. Bank
4. Expedition Credit Union Rewards Checking - $200 bonus
Available in Minnesota (or Nationwide via a donation to the Expedition Foundation), Expedition Credit Union is offering a $200 welcome bonus when you open a new personal checking account and set up direct deposit. What's even more? If you opt for the Cash Back Checking account, you can earn up to $10 in cash back per month on debit card purchases.
Expedition Credit Union : Rewards Checking
- Bonus Amount
- $200
- Account Type
- Personal Checking
- Availability
- Nationwide
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Open a new Rewards Checking Account (either Cash Back Checking or High Yield Checking)
- Within 90 days, complete 2 or more direct deposits totaling $600
- Keep the account open for 6 months
- Bonus will be deposited into the Rewards Checking Account within 30 days after meeting the deposit requirement.
at Expedition Credit Union
5. Trustone Financial Personal Checking - up to $350 bonus
Trustone Financial is offering up to a $350 welcome bonus when you open a new checking account and set up direct deposit. It's back to the higer bonus version that they've previously offered. The requirements are relatively easy to meet and it's available even for student accounts (assuming you're at least 16). This is a tiered bonus, so the more you can deposit, the more you can earn!
Trustone Financial Credit Union : Personal Checking
- Bonus Amount
- up to $350
- Account Type
- Personal Checking
- Availability
- MN, WI
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Open a new personal checking account.
- Within 60 days, complete total direct deposits of $1,000 - $2,499, earn $100; $2,500 - $4,999, earn $200; $5,000+, earn $300.
- Within the same 60 days, enroll in eStatements, earn $50
- Bonuses will be deposited within 90 days of account opening.
at Trustone Financial
6. Associated Bank Associated Checking - up to $600 bonus
Associated Bank is back with their personal checking bonus but this time offering a much higher payout. The requirements remain the same: direct deposits totaling $500 plus maintaining a minimum balance.
The offer is tiered so that the more you maintain, the more you earn, with $10,000 earning the full $600. Fortunately, all accounts titled to the primary account holder count toward this balance, including CDs, savings, MMA, and IRAs – so you don't even have to tie up your funds in a checking account to qualify.
Associated Bank : Associated Checking Account
- Bonus Amount
- up to $600
- Account Type
- Personal Checking
- Availability
- IA, IL, IN, KS, MI, MN, MO, OH, WI
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Open a new personal checking account using the link below.
- Within 90 days, receive direct deposits totaling $500.
- Within 30 days of opening the account, deposit $1,000 to earn $300, $5,000 to earn $400, or $10,000 to earn $600.
- Maintain the balance from days 31-90.
- Bonus will be credited to your account within 120 days of opening the account.
at Associated Bank
7. PNC Virtual Wallet Pro - $200 bonus
Don't live in a state where PNC has a branch? No worries, PNC is offering a $200 bonus when you open a Virtual Wallet Checking Pro account, which is only available to customers outside their in-branch footprint. Just complete the direct deposit requirements within 60 days. If you're in any one of the following states, this bonus is for you: AK, AR, CT, HI, ID, IA, KS, LA, ME, MA, MN, MS, MT, NE, NV, NH, ND, OK, OR, RI, SD, TN, UT, VT, WA, WY.
PNC Bank : Virtual Wallet Pro
- Bonus Amount
- $200
- Account Type
- Personal Checking
- Availability
- AK, AR, CT, HI, ID, IA, KS, LA, ME, MA, MN, MS, MT, NE, NV, NH, ND, OK, OR, RI, SD, TN, UT, VT, WA, WY
- Offer Expires
- January 2, 2025
- Bonus Requirements
-
- Reside in a state that doesn't have a PNC branch.
- Open an account using the link below.
- Within 60 days, complete direct deposits totaling $2,000.
- Bonus will be deposited within 60-90 days after all conditions are met.
at PNC
8. Old National Bank Personal Checking - up to $450 bonus
Available to residents in Indiana, Kentucky, Minnesota and Michigan, Old National Bank is offering a $450 welcome bonus when you open a new Everyday or Preferred Checking account and set up direct deposit. The total direct deposit requirement amount to earn the highest bonus is a little steep at $10,000; however, if you can swing it, it's a solid deal. Have a lower direct deposit? You can complete 2 direct deposits of $2,000 instead.
Old National Bank : Personal Checking
- Bonus Amount
- up to $450
- Account Type
- Personal Checking
- Availability
- IN, KY, MN, MI
- Offer Expires
- January 31, 2025
- Bonus Requirements
-
- Open an ONB Preferred Checking or ONB Everyday Checking account with a minimum deposit of $50.
- Enroll and log into online or mobile banking.
- Within 90 days, complete at least 2 qualifying ACH direct deposits totaling $3,000 to earn $200 or totaling $10,000 to earn $450.
- Keep the account open a minimum of 120 days.
- Bonus will be credited to your new account within approximately 120 days from account opening.
at Old National Bank
9. Huntington Platinum Perks Checking - $600 bonus
Huntington is offering a couple of welcome bonuses to customers opening new personal checking accounts. This promotion offers $600 for a $25,000 deposit into their premium Platinum Perks Checking account.
They're also running a similar deal for new Perks Checking accountholders, which is their middle-tier personal checking product. That one offers $400 for a direct deposit, in case you don't have the cash to meet this promotion's terms.
Huntington National Bank : Platinum Perks Checking
- Bonus Amount
- $600
- Account Type
- Personal Checking
- Availability
- CO, IL, IN, KY, OH, MI, MN, PA, WI, WV
- Offer Expires
- February 7, 2025
- Bonus Requirements
-
- Open a new Huntington Platinum Perks Checking account using the link below.
- Within 90 days, make deposits totaling $25,000.
- Keep your account open for 90 days.
- Bonus will be deposited to your new account within 14 days of meeting the requirements.
at Huntington
10. Huntington Perks Checking - $400 bonus
Huntington is offering a welcome bonus to those opening new personal checking accounts. This one offers $400 for any deposit into their Perks Checking account. Previously they required at least $1,000 to qualify.
This account comes with a monthly fee unless you meet the requirements to waive it. You'll also want to note that while there is no minimum opening deposit for the account itself.
Huntington National Bank : Perks Checking
- Bonus Amount
- $400
- Account Type
- Personal Checking
- Availability
- CO, IL, IN, KY, OH, MI, MN, PA, WI, WV
- Offer Expires
- February 7, 2025
- Bonus Requirements
-
- Open a new Huntington Perks Checking account using the link below.
- Within 90 days, make a qualifying direct deposit.
- Keep your account open for 90 days.
- Bonus will be deposited to your new account within 14 days of meeting the requirements.
at Huntington
11. Altra Personal Checking - $150 bonus
If you are an employee or immediate family member w/employee badge or student at Saint Mary's University of Minnesota and aren't already a member, check out this super easy bonus. Using the promo code provided, open a new A+ Checking or A+ Platinum Checking, then make 10 purchases using your new debit card. That's it!
Altra Federal Credit Union : Personal Checking
- Bonus Amount
- $150
- Account Type
- Personal Checking
- Availability
- MN
- Offer Expires
- May 31, 2025
- Bonus Requirements
-
- Open a new A+ Checking or A+ Platinum Checking using the promo code SMU_A+150.
- Within 30 days, make ten debit card purchases.
- Bonus will be deposited into your new checking account within 30 business days of meeting the requirements.
at Altra
12. Altra Personal Checking - $150 bonus
If you are a Rochester Public School District Employee or immediate family member w/employee badge or student and aren't already a member, check out this super easy bonus. Using the promo code provided, open a new A+ Checking or A+ Platinum Checking, then make 10 purchases using your new debit card. That's it!
Altra Federal Credit Union : Personal Checking
- Bonus Amount
- $150
- Account Type
- Personal Checking
- Availability
- CO, MN, NJ, TN, TX, WI
- Offer Expires
- May 31, 2025
- Bonus Requirements
-
- Open a new A+ Checking or A+ Platinum Checking using the promo code RPSD_A+150.
- Within 30 days, make ten debit card purchases.
- Bonus will be deposited into your new checking account within 30 business days of meeting the requirements.
at Altra
13. Frontier Personal Checking - $50 bonus
Available to new customers within Frontier's midwest footprint, Frontier is offering a $50 bonus when you refer a friend or family member to open a new personal checking account. There doesn't appear to be any additional requirements as long as they mention your name.
Frontier Bank : Personal Checking
- Bonus Amount
- $50
- Account Type
- Personal Checking
- Availability
- IA, MN, SD, NE, ND
- Bonus Requirements
-
- Applicant needs to mention your name at time of account opening.
- Bonus will be deposited within 30 days.
at Frontier
14. Associated Healthcare Credit Union Personal Checking - $250 bonus
Available to qualifying Minnesota residents with the ability to open online, Associated Healthcare Credit Union is offering a $250 welcome bonus when you open a new healthy rewards checking account and set up direct deposit. This is more than double the amount when it was last offered! You'll need both a direct deposit and debit card spending to complete this bonus, which also are needed to qualify for the rewards on their checking accounts.
Associated Healthcare Credit Union : Personal Checking
- Bonus Amount
- $250
- Account Type
- Personal Checking
- Availability
- MN
- Bonus Requirements
-
- Be an existing AHCU member without a checking account or become a new member.
- Open a new healthy rewards checking account with promo code "Web2023".
- Within 60 days of account opening, make at least $500 in direct deposits and make at least 15 debit card purchases of at least $5 each.
- Within the same 60 days also be enrolled in eStatements and online banking.
- Bonus will be paid by the 10th day of the following month after completion of the criteria.
at Associated Healthcare Credit Union
15. Trustone Financial Personal Checking - $50 bonus
Earn $50 for you and your friend from Trustone Financial when they open a new Value, Premium or TruRate Checking account and use the debit card. What's even more? The referred member can stack this offer with their checking account bonus to earn a total of $150.
Trustone Financial Credit Union : Personal Checking
- Bonus Amount
- $50
- Account Type
- Personal Checking
- Availability
- MN, WI
- Bonus Requirements
-
- Be a member of Trustone Financial Credit Union.
- Refer a friend using the link below.
- New member must bring coupon to a branch location, qualify for membership and open a new Value, Premium or TruRate Checking account.
- Within 45 days, the referred member must make 5 debit card transactions and enroll in eStatements.
- Bonus will be deposited within 60 days.
at Trustone Financial
16. Altra A+ - $100 bonus
Altra Federal Credit Union is offering $100 when you open an A+ Checking or A+ Platinum account.
Both accounts are free and the bonus amount is the same regardless of which you choose. A+ Platinum earns a higher APY and has a few extra perks, but the direct deposit requirement is slightly higher at $250 required versus $50 for A+ Checking.
Altra Federal Credit Union : A+ Account
- Bonus Amount
- $100
- Account Type
- Personal Checking
- Availability
- MN, WI, TN, TX
- Bonus Requirements
-
- Open an A+ Checking or A+ Platinum account using the promo code A+100.
- Within 30 days, make a direct deposit of at least $50 into your A+ Checking account or of at least $250 into your A+ Platinum account.
- Bonus will be deposited into your new account within 30 days of the qualifying direct deposit.
at Altra
17. St. Paul Federal Credit Union Simply Checking - up to $125 bonus
Available to eligible Minnesota residents, St. Paul Federal Credit Union is offering up to $125 for you AND a friend when you refer them and they complete certain requirements. To start, you'll each receive $25 just for them joining and signing up for an account. The remaining $100 is awarded to you both after they use their debit card 20 times, complete direct deposits and enroll in eBanking/eStatements.
St. Paul Federal Credit Union : Simply Checking
- Bonus Amount
- up to $125
- Account Type
- Personal Checking
- Availability
- MN
- Bonus Requirements
-
- Refer a new member to St. Paul Federal Credit Union.
- Within 60 days of referral, ensure they open at least a Savings account and an Simply Checking Account.
- On the review date (6 months later) your friend must have had an active account, defined as follows: 1) been enrolled in eStatements, 2) accesses eBanking or mobile Banking at least once a month, 3) makes direct deposits of at least $500 each month, 4) uses their debit card at least 15 times per month.
at St. Paul Federal Credit Union
18. Blaze Credit Union Personal Checking - $150 bonus
If you're located in Minnesota or Wisconsin, check out this bonus from Blaze Credit Union (formerly Spire and HiWay Credit Unions).
All you have to do is open a free checking account, and then within the first 2 months, set up automatic payments or direct deposit of any amount, and complete 6 debit card purchases to earn a $150 bonus.
What's interesting about this offer is that Spire CU will pay out the bonus as soon as the account is opened. Of course, you'll still need to meet the requirements and keep the account open for at least 6 months to avoid the cash being clawed back.
Blaze Credit Union : Personal Checking
- Bonus Amount
- $150
- Account Type
- Personal Checking
- Availability
- MN, WI
- Bonus Requirements
-
- Open a Blaze Free Checking account.
- Within 60 days, set up an automatic payment or direct deposit.
- Within the same 60 days, make 6 debit card purchases.
- Keep the account open for at least 6 months.
- Bonus will be credited to your account immediately after opening, but you'll need to complete the requirements to retain the bonus.
at Blaze Credit Union
19. Minnesota Bank & Trust Free Checking - $150 bonus
Available to Minnesota residents with the ability to open online, Minnesota Bank & Trust is offering a $300 bonus when you open a new free checking account and connect your direct deposit.
Minnesota Bank & Trust : Free Checking
- Bonus Amount
- $150
- Account Type
- Personal Checking
- Availability
- MN
- Bonus Requirements
-
- Open a new Free Checking account.
- Within 90 days, receive two direct deposits of $300 or more.
- Bonus will be paid within 5 business days of completing the requirements.
at Minnesota Bank & Trust
20. Unity One Credit Union Best Free Checking - up to $200 bonus
Available to those in select counties of Texas, Minnesota and Kansas, Unity One Credit Union is offering up to a $200 welcome bonus when you open a new Best Free Checking account and set up direct deposit. This is a tiered bonus, the higher your direct deposit, the more you can earn.
Unity One Credit Union : Best Free Checking
- Bonus Amount
- up to $200
- Account Type
- Personal Checking
- Availability
- TX, MN, KS
- Bonus Requirements
-
- Open a new Best Free Checking account.
- Within 45 days, make recurring direct deposits as follows: $1,000 or more earns $100; $2,500+ earns $200.
- Bonus will be delivered within 90 days from account opening.
at Unity One Credit Union
21. Minnesota Bank & Trust Platinum Checking - $200 bonus
Minnesota Bank & Trust is offering a $200 welcome bonus when you open a new Platinum Checking account. To earn the bonus, you'll have 90 days to accumulate $5,000 in direct deposits.
Keep in mind that the Platinum Checking account has a monthly fee that can be waived, but if you can't meet the balance requirement to do so, you should factor that into the ROI of this promo.
Minnesota Bank & Trust : Platinum Checking
- Bonus Amount
- $200
- Account Type
- Personal Checking
- Availability
- MN
- Bonus Requirements
-
- Open a new Platinum Checking account using the link below.
- Within 90 days, receiving direct deposits totaling $5,000.
- Bonus will be credited to your new checking account within 5 business days of meeting the requirements.
at Minnesota Bank & Trust
Note: Don’t see an offer that piques your interest? You can use our tool to explore a full list of bank promotions
Personal Savings Bonuses in Minnesota
Here are the current personal savings promotions available in MN:
1. Citi® Accelerate Savings - 4.45% APY
Citi offers a really competitive APY rate in their Citi® Accelerate Savings account, a high-yield savings product.
You can find slightly higher rates elsewhere, but nearly all of those will have balance limits. In other words, you'll earn a great rate on the first $15k, but then the rate drops considerably.
Citi, on the other hand, has no limit. So for those who have sizable savings they'd like to keep liquid, Citi® Accelerate Savings will often win out.
There's no opening deposit minimum or ongoing balance requirements, but do keep in mind that having a $0 balance for longer than 3 months could cause your account to be closed.
Citi® : Citi® Accelerate Savings
- Bonus Amount
- 4.45% APY
- Account Type
- Personal Savings
- Availability
- AK, AL, AR, AZ, CO, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, WA, WI, WV, WY
- Bonus Requirements
-
- Open a new Citi® Accelerate Savings account using the link below.
- Transfer money from a different bank or an existing Citi account.
- Interest compounds daily and will be credited to your account each month.
at Citi®
2. BMO Savings Builder - up to $60 bonus
$5 extra each month just for putting money into my own savings account? OKAY. BMO is offering a total of $60 (5 bucks a month for a maximum of 12 months) as a savings-incentive bonus if you open a new Savings Builder account.
Pro tip: maximize your bonus by also taking advantage of either of the personal checking account welcome bonuses they're offering.
BMO : Savings Builder
- Bonus Amount
- up to $60
- Account Type
- Personal Savings
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new Savings Builder account using the link below.
- Earn an extra $5 for every month you deposit at least $200 into the account, for up to 12 months.
at BMO
Business Bonuses in Minnesota
Here are the current business banking promotions available in MN:
1. Associated Bank Business Checking - up to $750 bonus
Available in quite a few midwestern states, Associated Bank is offering up to a $750 welcome bonus when you open a new business checking account and deposit new money. The business account you open will determine what the max bonus amount you'll be eligible for.
What's even more? You can stack this offer with their personal checking account bonuses to earn a lot more!
Associated Bank : Business Checking
- Bonus Amount
- up to $750
- Account Type
- Business Checking
- Availability
- IA, IL, IN, KS, MI, MN, MO, OH, WI
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Be a new business checking customer and open a new business checking account.
- Open a Business Foundation Checking® account and deposit $2,000 in new money within 30 days, earn a $100 bonus; Open a Business Core Checking® account and deposit $5,000 in new money, earn a $400 bonus; Open a Business Advanced Checking® account and deposit $20,000 in new money, earn $750
- Maintain the minimum balance between days 31 to 90.
- Bonus will be deposited into the new Associated Bank business checking account within 120 days of account opening.
- Keep the account open for at least 12 months
at Associated Bank
See our full list of the Best Business Checking Account Promotions
Investing Bonuses
Here are the current investing promotions available in your area:
1. J.P. Morgan Self-Directed Investing - up to $700 bonus
Available nationwide with the ability to open online, J.P. Morgan Wealth Management is offering up to a $700 welcome bonus when you open a new Self-Directed Investing account with qualifying minimum funding.
This is tiered bonus, meaning that the more you deposit, the more you may be eligible to earn. New for this iteration, J.P. Morgan has introduced a lower tier at $5,000, down from the previous $25,000 entry point and raised the max bonus amount!
Here are all 4 tiers of this investing bonus:
| New Money Added | Bonus Amount |
|---|---|
| $5,000-$24,999 | $50 |
| $25,000-$99,999 | $150 |
| $100,000-$249,999 | $325 |
| $250,000+ | $700 |
This is the highest offer that we've seen to-date from J.P. Morgan.
J.P. Morgan Wealth Management : Self-Directed Investing
- Bonus Amount
- up to $700
- Account Type
- Investment
- Availability
- Nationwide
- Offer Expires
- January 23, 2025
- Bonus Requirements
-
- Open a J.P. Morgan Self-Directed Investing account using the link below.
- Within 45 days, fund your account with qualifying new money; $5,000 - $24,999 = $50 bonus; $25,000 - $99,999 = $150 bonus; $100,000 - $249,999 = $325 bonus, $250,000 = $700 bonus.
- Your bonus amount will be determined on day 45.
- Maintain your new funds for 90 days (losses due to trading or market fluctuation will not be taken into account).
- Bonus will be received within 15 days.
- INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
at J.P. Morgan
2. E*TRADE Bank Brokerage - up to $6000 bonus
Payouts have increased again! E*Trade is now offering new investors up to $5,000 in bonus cash when you open and fund a new investing account. You'll only need $1,000 to earn the first tier bonus ($100)!
They've shuffled all the previous tiers and reinstated the tiers for those with 7+ figures to invest. If you're wanting to earn the full $6,000, you need at least $2M in investable assets.
This offer is available to both new and existing customers; however, different rules may apply, so be sure to check the disclosures at the link below.
E*TRADE Bank : Brokerage Account
- Bonus Amount
- up to $6000
- Account Type
- Investment
- Availability
- Nationwide
- Offer Expires
- January 31, 2025
- Bonus Requirements
-
- Open a new eligible E*TRADE brokerage or retirement account using the link below with promocode REWARD24.
- During the first 60 days, fund your new account with new money as follows: $1,000 - $4,999, earn $100; $5,000 - $19,999, earn $150; $20,000-$99,999 earn $300; $100,000-$199,999 earn $600; $200,000-$499,999 earn $800; $500,000 - $999,999, earn $1,000; $1,000,000 - $1,499,999, earn $3,000; $1,500,000 - $1,999,999 earn $5,000; $2M+, earn $6,000.
- If you deposit $200,000 or more, you will receive a cash credit within seven business days.
- If you have deposited at least $200,000 in your account, and you make subsequent deposits in that account to reach a higher tier, you will receive a second cash credit following the close of the 60-day window.
at E*TRADE Bank
3. Citi® Personal Wealth Management - $5000 bonus
Earn up to $5,000 when you open or enroll a new or existing eligible Personal Wealth Management account with new-to-Citi funds.
This is a tiered bonus based on how much you deposit and maintain for the first 3 months. They've up the reward amounts for their upper tiers this go around.
There are 5 levels, starting with a $500 bonus for deposits $50,000 - $199,999 and going up to $5,000 for $2,000,000+.
Citi® : Personal Wealth Management
- Bonus Amount
- $5000
- Account Type
- Investment
- Availability
- Nationwide
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Contact Citi to open or enroll a new or existing eligible Citi Personal Wealth Management account
- Fund the Citi Personal Wealth Management account with New-to-Citi Funds within 2 months of account opening (deposit $50,000 for a $500 bonus, $200,000 for a $1,000 bonus, $500,000 for a $2,000 bonus, $1,000,000 for a $3,000 bonus and $2,000,000+ for the $5,000 bonus)
- Enroll into e-delivery of statements within 2 months of account opening.
- Maintain the new funding through the end of the next month (or 3 months after the month of account enrollment).
at Citi®
4. Robinhood Investing - Free stock (up to $200) bonus
Robinhood is a commission-free stock trading platform that's had mixed headlines in the news (GME, what?). But Robinhood is a popular choice – particularly among beginner investors – due to their sleek, easy-to-use app.
This is a program that many investment apps now offer, but Robinhood pioneered: sign up and get a free stock. The stock has a 98% chance of being worth $5-$10, so this isn't an amazing bonus, but it's something for almost nothing (you don't even need to fund your account). The stock will hit your account within a week, and is tradeable 2 days after that.
Robinhood : Investing Account
- Bonus Amount
- Free stock (up to $200)
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new Robinhood investing account using the link below.
- Link your bank account.
- Stock bonus will be credited to the enrolled account within approximately one week.
at Robinhood
5. SoFi Invest - up to $10000 bonus
SoFi is offering customers a cash bonus to move your portfolio over to SoFi. The bonus is tiered, and you'll need to transfer $5 million in assets to earn the full $10,000 (steep!), but the bonus starts at $100 for transferring $5,000.
Keep in mind that although SoFi will pay out the bonus within 14 business days of the end of the promo period, they'll claw it back if you withdraw those funds within 180 days. They'll even refund up to $75 in ACAT fees from your other brokerage!
SoFi : Sofi Invest
- Bonus Amount
- up to $10000
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new SoFi Invest account using the link below (or be an existing user).
- Before the promotion's expiration date, transfer investments from another brokerage firm: $5,000 to earn $100, $25,000 to earn $200, $100,000 to earn $500, $250,000 to earn $750, $500,000 to earn $1,000, $1,000,000 to earn $2,500, $2,000,000 to earn $5,000 or $5,000,000+ to earn $10,000.
- Bonuses will be paid within 14 days of the last day of the month in which the transferred assets settled in your SoFi Invest account.
at SoFi
6. Acorns Invest - $20 bonus
Acorns is offering BankBonus.com users a $20 welcome bonus when you open a new Invest account. You just need to open the account from the link below and fund it with $5 to earn the reward.
What's more? They've been running amazing referral bonuses. So, sign up for a new account and then share your referral link with friends and family, and you could be pocketing up to $1,000+ each week!
Acorns : Acorns Invest
- Bonus Amount
- $20
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new Acorns Invest account using the link below.
- Fund account with at least $5.
at Acorns
7. Tradestation Brokerage - up to $3500 bonus
Tradestation is offering investors up to $3,500 in bonus cash when you add new funds to a new or existing investing account. You only need $5,000 to earn the first tier bonus ($150), and up to $5M to earn the full $3,500. It's worth noting each of the tiers are considerably higher this time around than when it was previously offered.
Tradestation : Brokerage Account
- Bonus Amount
- up to $3500
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Enroll an existing account or open a new account using promo code TSTVAGFD at the url below.
- Within 45 days, fund your account.
- To receive $150 bonus, fund with $5,000- $24,999; To receive $300 bonus, fund with $25,000- $99,999; To receive $500 bonus, fund with $100,000-$249,999; To receive $1,000 bonus, fund with $250,000-$499,999; To receive $2,000 bonus, fund with $500,000-$999,999; To receive $3,500 bonus, fund with $1,000,000+.
- Bonus will be deposited into the account the month following the end of the 270-calendar day holding period.
at Tradestation
8. Bank of America Merrill Edge Self-Directed - up to $600 bonus
Available nationwide with the ability to open online, Bank of America's Merrill Edge is offering up to a $600 welcome bonus when you open a new Merrill Edge Self-Directed account and make an initial deposit.
What's more? There's also a $1,000 Merrill Edge bonus for those enrolled in Bank of America's Preferred Rewards program. The lower tiers are also bumped as well.
We only list the most popular tiers; however, here's a complete list of tiers you can ask for:
- $20,000 to $49,999 – $100
- $50,000 to $99,999 – $150
- $100,000 to $199,999 – $250
- $200,000 to $299,999 – $600
- $300,000 to $499,999 – $1,000
- $500,000 to $999,999 – $1,500
- $1,000,000 or more – $2,500
- $2,000,000 or more – $3,500
- $5,000,000 or more – $5,000
- $10,000,000 or more – $7,500
Bank of America : Merrill Edge Self-Directed
- Bonus Amount
- up to $600
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new Self-Directed Trading account from Merrill Edge using promo code "600ME".
- Within 45 days, fund your account with new money from outside Bank of America. To earn a $100 bonus, deposit $20,000-$49,999; To earn a $150 bonus, deposit $49,999-$99,999; To earn a $250 bonus, deposit $100,000-$199,999; To earn a $600 bonus, deposit $200,000 - $299,999.
- Maintain that balance for at least 90 days.
- Bonus will be deposited within two weeks following the end of the 90 day period.
at Bank of America
9. Citi® Self Invest - up to $500 bonus
Available nationwide to new and existing customers, Citi is offering up to a $500 bonus when you add new-to-Citi funds to a Citi® Self Invest account.
As is typical with Citi promotions, this is a tiered offer: the more you add, the more you earn. You'll need to deposit at least $10,000 to earn a $100 reward, or at least $200,000 to receive the full $500.
You'll need to also maintain your funds through a date defined on the Citi website, depending on the month in which you open your account.
Citi® : Citi® Self Invest
- Bonus Amount
- up to $500
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new Citi® Self Invest account or add new-to-Citi funds to an existing account.
- Opt-in to eDelivery of statements and confirmations.
- Bonus will be tiered based on the total amount added: $10,000 to earn $100; $50,000 to earn $200; $200,000 to earn the full $500.
- Maintain the New-To-Citi funds in your account through the “maintain funds” deadline as outlined in the chart.
- Bonus will be credited on the last day of the 3rd month following the “maintain funds” period.
at Citi®
10. Charles Schwab Schwab One® - up to $1000 bonus
If you're not currently a Schwab customer, you can open any investment account and earn a referral bonus based on your net deposit within 45 days. This includes retail brokerage accounts, individual retirement accounts, or the managed portfolios like Schwab Intelligent Portfolios®.
Keep in mind that the link above is only for details – you will need to open the account through a referral link from an existing Schwab customer in order to qualify for the promo.
This is a tiered bonus, the more you deposit, the more you can earn.
- Tier 1 | Balance Maintained: $25,000 - $49,999: $100 Bonus
- Tier 2 | Balance Maintained: $50,000 - $99,999: $300 Bonus
- Tier 3 | Balance Maintained: $100,000 - $499,999: $500 Bonus
- Tier 4 | Balance Maintained: $500,000+: $1,000 Bonus
Charles Schwab : Schwab One®
- Bonus Amount
- up to $1000
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new account using a referral link from an existing member.
- Within 45 days, make a qualifying net deposit between $25,000 - $500,000+ in cash or securities, earning the reward that correlates with that tier ($100-$1,000).
- The net deposit amount at the end of 45 day period will be used to calculate your bonus tier.
- Bonus will be paid into your account about a week after the 45-day period.
at Charles Schwab
11. SoFi SoFi - $15 bonus
SoFi is offering a $15 welcome bonus for you and a friend when you refer someone to open a new SoFi account. This bonus is available across most of their products, including: SoFi Money, SoFi Invest, SoFi Loans and a SoFi credit card. You can receive up to $75 total. This isn't exactly the highest bonus we've seen from them, so you'll have to decide if now is the right time or to hold out for something a little more enticing.
It's important to note too that each program has its own set of rules, each of which is outlined on their referral website linked below.
SoFi : SoFi Account
- Bonus Amount
- $15
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Download the app using the link below.
- Refer a friend (or be referred) using your specific referral link for a particular SoFi product.
- Follow the program rules highlighted on the website.
- Bonus will automatically be applied to your SoFi account(s).
at SoFi
12. Charles Schwab Schwab One® - $101 bonus
Charles Schwab has a bonus targeting new or entry-level investors in what they call the Schwab Starter Kit™, but new customers of all comfort levels can qualify. When you open a new account for this promo, Schwab will invest your bonus in fractional shares or "slices" of the top stocks by market cap in the S&P 500. Schwab recently upped this bonus from $50 at its previous level. It's a great way to start investing!
Charles Schwab : Schwab One®
- Bonus Amount
- $101
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new Schwab One account at the url below or open a new taxable investment account using promo code "SCHWABSTARTERKIT".
- Within 30 days, Fund your account with a minimum of $50.
- Once funded, Schwab will deposit $101 in your account to purchase your stock slices at approximately 6:00 pm Eastern Time the next trading day.
at Charles Schwab
See our full list of the Best Brokerage Account Promotions
Minnesota Banking Statistics
Want to know more about the banking landscape in Minnesota?
Using data from the latest state reports from the FDIC and the Credit Union National Association, we pulled together a few key stats on Minnesota’s banks and credit unions:
- Number of banks: 251
- Number of state credit unions: 87
- Credit union memberships: 2.15 million
- Deposit market share: 90.2% banks; 9.8% credit unions
- Largest deposit market: Minneapolis/St. Paul/Bloomington
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