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.
How To Earn The Bonus
The St. Paul Federal Credit Union Simply Checking promotion requires you to use a referral link, and optionally, set up direct deposits and make purchases using the account's card in order to earn the up to $125 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
- There are no limits to the number of referrals a member can have in a calendar year.
- Referred member must indicate who referred them by name at the time of account opening to qualify for any referral payments.
- You must be a St. Paul Federal Credit Union member to refer a new member.
Open a Simply Checking account before the bonus expires
How does this personal checking offer from St. Paul Federal 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®
- Bonus
- up to $400
- Account Type
- Personal Checking
- Expires In
- 57 days
- Requires
- Direct Deposit
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 241 days
- Requires
- Direct Deposit
U.S. Bank
U.S. Bank Smartly® Checking
- Bonus
- up to $700
- Account Type
- Personal Checking
- Expires In
- 53 days
- Requires
- Direct Deposit
- Min Balance (optional)
Why St. Paul Federal Credit Union?
Simply Checking
St. Paul Federal Credit Union offers Simply Checking, an interest-bearing checking account with no minimum balance requirements. You can earn up to 4.99% with this account; however, you'll need to meet monthly direct deposit and debit card use requirements (starting at 20 transaction for 2.99% and going up to 60 for 4.99%) to see the full APY.Fees
Simply Checking does not charge a monthly maintenance fee.
Apply now for a Simply Checking account to earn the up to $125 bonus offer
How to Join St. Paul Federal 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 St. Paul Federal Credit Union's membership requirements:
- Persons who live, work, worship, attend school in or businesses and other legal entities located in the Twin Cities Underserved Area in Minneapolis-St. Paul as defined in Geographic Map.
- Persons who live, work, worship, attend school in or businesses and other legal entities located in the underserved area consisting of the city of St. Paul, Minnesota
- Employees and Members of Local Union No. 110 of the International Brotherhood of Electrical Workers in St. Paul, Minnesota who qualify for membership in accordance with its constitution and bylaws as of the date of this charter
- Employees and Members of Local Union No. 949 of the International Brotherhood of Electrical Workers in Burnsville, Minnesota who qualify for membership in accordance with its constitution and bylaws in effect April 24, 1991
- Federal employees who live in, work in, or are directly supervised from St. Paul, Minnesota except employees of Federal offices and agencies where separate employee credit unions exist
- Employees of the Agricultural Stabilization and Conservation Service (ASCS) who work in the State of Minnesota now referred to Farm Service Agency
- Employees of select federal entities (defined on their site linked above) who work in Minneapolis, Minnesota or Persons retired as pensioners from these agencies.
- Members of this credit union who are retired as annuitants from the above employment and retain their membership with the credit union
- Employees of this credit union
- Members of the immediate families of persons qualifying for membership. Immediate family eligibility is limited to spouse, child, sibling, parent, grandparent or grandchild; It is not necessary for the potential primary member to join the credit union in order for the immediate family or household member of the potential primary member to join
- Spouses of persons who have died within the field of membership of this credit union
- Signatory Contractors to the Local 110 Refer to Business Listing
- Voting members of the Philippine Nurses Association of Minnesota in Hugo, MN, who qualify for membership in accordance with its constitution and bylaws
- Members of the Church of St. Pascal Baylon in St. Paul, MN
- Voting members of the St. Paul Curling Club in St. Paul, MN
- Employees, members and affiliates of the Office and Professional Employees International Union (OPEIU) Local 12 in Roseville, Minnesota who qualify for membership in accordance with its constitution and bylaws as of the date of this charter
- Employees and members of Saint Paul Regional Labor Federation in Saint Paul, Minnesota, who qualify for membership under Article III, Section 1.A. of its constitution in effect on 4/26/2017; defined as Local Unions of National and International Unions and organizing committees affiliated with the AFL-CIO, and Local Unions chartered directly by the AFL-CIO, with members who live and/or work in the Regional Labor Federation jurisdiction
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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