[WI & MN only] TruStone Financial $100 Checking Bonus

Update 11/17/21: Deal is down to $100

Update 7/24/21: Deal is back at the $150 level. Hat tip to ShawntheShawn

Offer at a glance

• Maximum bonus amount: Up to $150
• Availability: Select areas in WI & MN
• Direct deposit required: Yes, $500+
• Additional requirements: See below
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: Up to $2,000, Visa or Mastercard only
• Monthly fees: None
• Early account termination fee: $20, 6 months
• Household limit: None listed
• Expiration date: August 11th, 2018 December 31st, 2018 August 16th, 2020

The Offer

Direct link to offer

• Receive a sign up bonus of $150 when you open a new checking account with TruStone Financial and complete the following requirements within 30 days:
  • $100 for total recurring direct deposits of at least $500
  • $50 for enrolling in Online Banking and eStatements

The Fine Print

• Offer valid between 11/1/2018 and 12/31/2018.
• Cash back amounts are based on the following completed actions: 1) $50 for opening a new checking account with a debit card and making five purchase transactions within 30 days. 2) $50 for enrolling in Online Banking and eStatements. Both actions must be completed within 30 days of account opening for cash back to be received. 3) $50 for establishing a recurring direct deposit totaling at least $250 in direct deposit within first 30 days.
• Only one account per membership is eligible and member must not already have a checking account.
• Allow up to 60 days from account opening for deposits to be made. Recipient is responsible for any taxes incurred on cash back.
• $5 membership is required. Must be 16 years of age or older.
• Those under 18 years old must have a parent or guardian on the account to be eligible for cash back. This offer cannot be combined and may be discontinued at any time. Federally Insured by NCUA.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Value checking account (0% APY) has no monthly fee

Early Account Termination Fee

A $20 fee is charged if the account is closed within 6 months of opening according to their fee schedule.

Our Verdict

In previous years the bonus has been $100 with no direct deposit requirement. Because the direct deposit is only required for the last $50, the bonus is actually better than before (or the same if you have no intention of going for that bit of the bonus. This isn’t quite true as you need a direct deposit for $100 of the bonus).It looks like it’s a soft pull to open, although there is that one DP of a hard pull so something to keep in mind. I’ll add this to the best bank bonus page but with a warning regarding that.

Big thanks to reader, Samuel Adams who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times

Post history:

• Update 8/17/20: Deal is now only for $100, extra $50 is not being offered.
• Update 6/13/20: Deal is back and valid until August 16th, 2020. Hat tip to reader Brad E
• Update 6/29/19: Deal is back and valid until August 17th, 2019
• Update 11/11/2018: Deal is back and valid until December 31st, 2018. Hat tip to reader JT