Alltru Credit Union's $300 Checking Bonus: A Solid Deal for St. Louis Area Residents

If you're in the St. Louis area and looking for a straightforward bank bonus, Alltru Credit Union has a $300 offer on the table that's worth a look. It's not the flashiest promotion out there, but it has clear requirements and a decent payout for the effort. Just know going in that this is a local credit union, so membership isn't open to everyone. Let's break down what it takes to get that $300 and whether it's a good fit for you.

Who Can Actually Get This Bonus?

This is the biggest gatekeeper for this offer. Alltru is a community credit union, not a national bank. Your eligibility hinges on a specific geographic connection to the greater St. Louis area.

You'll need to provide proof that you live, have a job, attend a place of worship, or go to school in St. Charles County, St. Louis County, or St. Louis City itself. They'll likely ask for documentation like a driver's license, utility bill, or pay stub during the application to verify this. If you don't have this tie to the region, this offer is a non-starter.

The Step-by-Step to Earn Your $300

The process itself is pretty standard for a checking bonus, but you have to follow each step carefully to ensure you qualify.

• Apply online for a new checking account (Premium, Value, Basic, or Opportunity type) before the end of 2025.
• This is crucial: You must enter the promotional code GET300 on the online application form. If you forget this code, you will not be enrolled in the bonus offer.
• Fund your new account with at least one dollar to open it.
• Enroll in online banking right away.
• Arrange for two separate electronic deposits from your employer (like a paycheck), pension, Social Security, or another government benefits agency. Each of these deposits must be for $300 or more. Both need to hit your new account within the first 60 days it's open.

Practical Tips and Potential Pitfalls

Here's the real-world advice you need to navigate this successfully and avoid disappointment.

• Set a calendar reminder for 60 days after you open the account. If those two direct deposits haven't posted by then, you're out of luck.
• Clarify what 'direct deposit' means. The terms specify it must be an ACH credit from an employer or government agency. Transfers from other banks or peer-to-peer payments like Venmo typically do NOT count. When in doubt, ask the credit union.
• The bonus gets paid into your linked Alltru savings account, not your checking. Make sure you open or have a primary savings account with them to receive it.
• Your account must be 'in good standing' (no overdrafts or issues) and have a balance above $0 when the bonus is paid. Don't open it and immediately drain it to zero.
• This is strictly for brand-new members. If you've ever had a joint account with them, or closed an account last year, you won't qualify. It's one bonus per Social Security Number.

Is This Account Worth Keeping Open?

After you pocket the $300, you'll need to decide what to do with the account. The good news is that several of Alltru's checking options, like the Basic or Value checking, have no monthly fee. So, you could keep it open with a small balance to avoid any hassle, especially if you like having a local credit union relationship.

However, it's fair to note that their savings and CD rates, as mentioned in their own materials, are not typically market-leading. This account is a tool for the bonus. For your main savings hub, you'd probably want to look elsewhere for a higher yield once the bonus is secured.

Bottom Line

• A solid $300 bonus with clear, achievable steps for eligible St. Louis area residents.
• The geographic restriction is the primary barrier to entry—verify your eligibility first.
• Success hinges on using promo code GET300 and getting two qualifying payroll/government deposits within 60 days.
• Consider it a bonus play; you may want to use other institutions for your primary high-yield savings.

Common Questions