Royal Credit Union is offering residents of Minnesota and Wisconsin a $400 welcome bonus when you open a new personal checking account and set up direct deposit. This is almost DOUBLE what it was last year. What's even more? This offer is even available for their student account which is rare!
How To Earn The Bonus
The Royal Credit Union Personal or Student Checking promotion requires you to set up eligible direct deposits in order to earn the $400 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the credit union will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- Member cannot have had a previously opened or closed checking account with Royal in the last twelve (12) months.
- Members with existing checking accounts do not qualify.
- Direct deposit sources include: paycheck, pension payment, Social Security payment, or government benefits payment electronically deposited into the account from an employer or outside agency.
- Royal reserves the right to withhold or reclaim the incentive if the qualifications are not met, the account is not in good standing, or the account does not remain open for at least six (6) months based on Royal’s sole discretion.
Open a Personal or Student Checking account before the bonus expires on June 12, 2026
How does this personal checking offer from Royal Credit Union compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
PNC
Virtual Wallet® with Performance Select
- Bonus
- $400
- Account Type
- Personal Checking
- Expires In
- 10 days
- Requires
- Qualifying Direct Deposit
BMO
Personal Checking
- Bonus
- $400 Cash Bonus*
- Account Type
- Personal Checking
- Expires In
- 113 days
- Requires
- Direct Deposit
Bank of America
Advantage Banking Account
- Bonus
- up to $500
- Account Type
- Personal Checking
- Expires In
- 13 days
- Requires
- Direct Deposit
Why Royal Credit Union?
Smart Checking
A free checking account with mobile deposit capabilities, check-writing privileges, online banking and more.Fees
Smart Checking does not charge a monthly maintenance fee.
Smart Checking Plus
Smart Checking Plus is the same as their Smart Checking account with the addition of dividends (interest). You'll have access to mobile check deposits, check-writing, online banking and more.Fees
Smart Checking Plus does charge a monthly maintenance fee of $10, but there are ways to get this waived:
- Maintain a minimum daily balance of $700
Smart Start Checking
Smart Start Checking is designed especially for ages 13-25 and includes two free NSF refunds per year. You'll get access to mobile deposits, online banking and more.Fees
Smart Start Checking does not charge a monthly maintenance fee.
Apply now for a Personal or Student Checking account to earn the $400 bonus offer
How to Join Royal Credit Union
Credit unions differ from banks in that they restrict membership based on a shared common bond, or the credit union’s “field of membership”.
That means in order to qualify for this bonus (or any offer from a credit union), you'll first need to meet one of Royal Credit Union's membership requirements:
- Live or work in one of the Minnesota counties that they serve: Anoka, Carver, Chisago, Dakota, Goodhue, Hennepin, Isanti, Olmsted, Pine, Ramsey, Scott, Sherburne, Wabasha, Washington, Winona, and Wright.
- Live or work in one of the Wisconsin counties that they serve: Adams, Ashland, Barron, Bayfield, Burnett, Buffalo, Chippewa, Clark, Douglas, Dunn, Eau Claire, Jackson, Lincoln, Marathon, Pepin, Pierce, Portage, Polk, Price, Rusk, Sawyer, St. Croix, Taylor, Trempealeau, Washburn, and Wood.
- Have an immediate family member who is already a Member
- If you live in Minnesota or Wisconsin, you may become a Royal Member by making a $5.00 donation to the nonprofit RCU Foundation yourself, or by having a $5.00 donation to the Foundation made on your behalf.
- Be a member of the University of Wisconsin-Eau Claire Alumni Association
- Be employed at one of several select employers
Keep in mind that nearly all credit unions have a "once a member, always a member" policy, so once you're in, the above restrictions no longer apply.
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