The Bank of Elk River $500 Business Checking Bonus [MN]

Check out the latest The Bank of Elk River promotions, bonuses, and offers here.

Right now, you can receive a $500 bonus when you open a business checking account and meet the requirements.

The Bank of Elk River Promotions Review

The Bank of Elk River is a community bank that has been family-owned and operated since 1885. As one of the larger community banks in the state of MN with $425+ million dollars in assets, The Bank of Elk River is committed to providing the best products and services to meet business and customer needs.

• Bonus Links:
  • $500 Business Checking Bonus (12/31/2019)
• Account Type: Business Checking Account
• Availability: MN
• Branches: 5 (Bank Locator)
• Credit Inquiry: Soft Pull or Hard Pull? Let us know
• Direct Deposit Requirement: Yes
• Credit Card Funding: Unknown
• Early Termination Fee: Yes, if closed within 90 days will lose all bonus rewarded and $25 fee

For more current offers, check out our bank bonuses page. Compare The Bank of Elk River rates for CDs and Savings with our best rates for Savings  and CD accounts.

Be sure to check more popular bank promotions include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.

I’ll go over The Bank of Elk River offers below.

The Bank of Elk River $500 Business Checking Bonus

• What you’ll get: $500 bonus
• Where it’s available: MN
• How to earn it:
  • Bank of Elk River is offering a bonus of $500 when you open a new business or commercial checking account and complete the following requirements:
    • Open with a minimum opening deposit of $1,000
    • Maintain an average ledger balance of $5,000 for 90 days
    • Sign up for online banking & eStatements
    • Complete 15 transactions with the account within 90 days of account opening
  • You can also get a smaller $250 bonus if you maintain an average ledger balance of $2,500 for 90 days
• When it expires: 12/31/2019

(Expires 12/31/2019)

The Bank of Elk River is indeed in a unique position as one of the few banks in the state more than 130 years old that still remains independently owned. Additionally, they offer a variety of checking and savings accounts for different needs.

Checking Account Bonuses

The Bank of Elk River has a long-standing tradition of great service and products for your personal banking needs. As your lives change, they are changing too — providing you with banking services that fit your lifestyle. You need the most efficient and least expensive way to handle your finances.

Special Checking Account Features

All The Bank of Elk River checking accounts come with these features.

• Online Banking: The Bank of Elk River is your full service bank, when and where you need us! We offer 24/7 online banking though our World Wide Banker (WWB) software. You can view accounts, transfer funds and pay bills. Customers can access their accounts at www.TheBankofElkRiver.com by entering their WWB ID and PIN number.
• Mobile Deposit Banking: At the forefront of convenience, Mobile Banking from The Bank of Elk River allows Personal Banking clients to access their accounts and manage their money from anywhere, at anytime. Our Mobile Banking Apps are designed for iOS® and Android™ devices.

What to Open at The Bank of Elk River

Be sure to check out these great products at The Bank of Elk River.

• Certificates of Deposit: Certificates of Deposit are a form of savings also known as a time deposit or “CD.” Funds are deposited with the bank for a specified period of time. The bank will pay a rate of interest that is based on the term of the certificate. All certificates are automatically renewable.
• Health Savings Account: If you have a high-deductible health plan (HDHP) but need help with the day-to-day medical expenses like prescriptions and office visits, you can open a Health Savings Account. A Health Savings Account (HSA) is a lot like an Individual Retirement Account (IRA), where you can save money in a tax-deferred manner to take care of future medical expenses. The primary difference is that funds used for qualified medical expenses are never taxed!

The Bank of Elk River Checking Alternatives

Chase Total Checking®HSBC Advance CheckingTD Convenience CheckingChase Premier Plus Checking^SM

• New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities • Chase Mobile® app - Manage accounts, pay bills, send money to friends with Zelle® and deposit checks from almost anywhere. • Chase Overdraft AssistSM – no overdraft fees if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day* • Help keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock. • Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law. • With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs. • Open your account online now • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. *With Chase Overdraft AssistSM, we won’t charge an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts. Open an Account

With the TD Convenience CheckingSM Account: • Earn $200 when you receive direct deposits totaling $500 or more within 60 days • Low minimum daily balance of $100 waives the $15 monthly fee. • Students and young adults ages 17 through 23 get additional perks like no minimum balance requirements and no monthly maintenance fee. • Instantly replace a lost, stolen, or damaged debit card by visiting a TD Bank location near you • Access accounts via Online Banking with Bill Pay, Online Statements, Send Money with Zelle and TD Bank Mobile Deposit. Plus, get 24/7 cash access at TD ATMs in the U.S. and Canada and around-the-clock Live Customer Service. • TD checking accounts come with an instant-issue debit card - and, you can pay with confidence with contactless technology Visa Zero Liability protection and 24/7 fraud monitoring. • Get a 0.25% discount on TD Bank Home Equity and Personal Loans. Apply Now at TD Bank

How to Avoid The Bank of Elk River Checking Account Fees

• Ultimate Checking: $15
  • Maintain a $10,000 combined deposit balance
• Carefree Checking: $10
  • Maintain a $750 minimum balance in checking or age 50 and older

Savings Account Offers

• Money Market Savings: Earn money market rates and a lower balance requirement with the Money Market Savings Account. Some benefits include: Interest compounded daily, paid monthly, Tiered interest rate, and free online banking.
• Statement Savings: Looking for a way to save money and earn interest? Check out the Statement Savings account. Interest is compounded daily and paid quarterly and you can take advantage of free online and mobile deposit banking.

The Bank of Elk River Savings Alternatives

Discover Online SavingsChase Savings^SMDiscover CDsDiscover Money Market

Open a Discover® Online Savings Account for all these features: • Earn $200/$150 Bonus with promo code LOP325 by 9/11/2025 • Earn high interest rate of 3.70% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your account online or with the Discover mobile app • FDIC insurance up to $250,000 • See advertiser website for full details To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code LOP325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200. Apply Now at Discover What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank.

• Available nationwide online • Discover offers CDs with some of the highest and most competitive rates! • Select terms as short as 3 months up to 120 months • Rates ranging from 2.00% APY up to 4.00% APY. • Opening a Discover Bank Certificate of Deposit is extremely quick and easy. • Funds on deposit are FDIC-insured up to the maximum allowed by law. • Get started and open a Discover CD in 3 easy steps. Apply Now at Discover

• Available nationwide online • Earn high yields with flexible access to your cash. • Earn 3.65% APY balances $100,000 and over • Earn 3.60% APY balances under $100,000 • No hidden fees. No surprises. • Easy cash access via debit or check, or via ATM at over 60,000 no-fee ATMs • Get started and open a Discover Money Market Account in 3 easy steps. Apply Now at Discover

Bottom Line

In my opinion, there are more attractive promotions than this one from The Bank of Elk River, which you can find one our site. I would only recommend checking it out if it triggers a soft pull, which you can find out by calling your local CSR.

Additionally, you can find a full list of the best bank promotions here. Finally, remember to bookmark this page because you will always find an updated list of The Bank of Elk River promotions here.

Huntington Bank Bonuses & Promotions: $100, $400, $1,000 Checking Offers 2025

Chase Coupon Codes 2025 ($100, $200, $300, $400, $500, $700, $2000 Checking Bonuses)

Discover Bank Promotions: $150/$200 Savings Bonus, $360 Cashback Debit Bonus, Up to 4.10% APY for 2025

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