Lake Ridge Bank $300 Checking Bonus: A Simple Way to Earn Cash in Wisconsin

If you're in Wisconsin and looking for a straightforward bank bonus, Lake Ridge Bank has a deal that might be worth your time. They're offering $300 to new customers who open a Forward Checking account and meet a few simple requirements. The best part? There's no monthly maintenance fee on this account, so you can keep the bonus without worrying about fees eating into it. Let's break down what you need to do to get that cash.

What You Need to Do to Earn the $300

The process is pretty straightforward, but there are a few steps you can't skip. First, you'll open a Forward Checking account and deposit at least $100. You also need to open another deposit product—like a savings account, money market account, or CD—and fund it. When you're opening the checking account, make sure to enter the promo code ONLINE300.

Next, you'll set up a direct deposit of at least $500 per month. This can be from payroll or Social Security, and it needs to happen for three consecutive months. So, if your paycheck is $500 or more, you're good. If it's less, you might need to combine sources, but check with the bank to see what qualifies.

During the first 90 days, you also need to make at least 5 debit card transactions each month. These can't be transfers to yourself or anyone in your household, including Zelle transfers. So, use your card for everyday purchases like coffee, groceries, or gas.

After 90 days, the bank will review your account. If everything checks out, the $300 bonus lands in your account within 30 days. Just make sure your account is in good standing—no overdrafts or negative balances.

• Open a Forward Checking account with at least $100 and fund an additional deposit product (savings, money market, or CD).
• Enter promo code ONLINE300 during application.
• Set up direct deposit of at least $500 per month for 3 consecutive months.
• Make 5+ debit transactions per month during the first 90 days.
• Complete all requirements within 90 days of account opening.

No Monthly Fees? Yes, Please

One of the best things about this offer is that the Forward Checking account has no monthly maintenance fee. That's a big deal because many banks charge $10 or more just for the privilege of holding your money. With no fee, you can keep the account open without worrying about it eating into your bonus.

If you're considering the Forward Checking Plus account, that one has a $10 monthly fee, but you can waive it by keeping a $1,000 average monthly ledger balance. So, if you're going for the bonus, stick with the basic Forward Checking to avoid any fees altogether.

The bank also offers digital tools like mobile check deposit, online bill pay, and Zelle, so you can manage your money without visiting a branch. That's convenient if you're busy or prefer banking from your couch.

• Forward Checking: $0 monthly fee
• Forward Checking Plus: $10 monthly fee, waived with $1,000 average monthly balance
• Digital banking tools include mobile check deposit, online bill pay, and Zelle

Who Can Get This Bonus?

This offer is only for new customers who don't currently have a checking account with Lake Ridge Bank. Also, if you've received a similar bonus from them in the past, you're not eligible. It's one bonus per household, so you can't open multiple accounts to get multiple bonuses.

The bank is based in Cross Plains, Wisconsin, and has 22 locations across the state. So, you need to be a Wisconsin resident or at least be able to open an account in person if required. The offer is available through August 31, 2026, so you have plenty of time, but don't wait too long—these deals can change.

One thing to note: the bank doesn't specify if they do a hard or soft credit pull. It's likely a soft pull, but it's always good to ask before applying if you're concerned about your credit score.

• Must be a new customer with no existing Lake Ridge Bank checking account.
• One bonus per household.
• Offer available in Wisconsin only.
• Expires August 31, 2026.

Things to Watch Out For

While this bonus is pretty easy to earn, there are a few pitfalls to avoid. First, make sure you complete all requirements within 90 days. If you miss the deadline, you won't get the bonus. Set reminders for your debit transactions and direct deposits.

Second, the debit transactions can't be transfers to yourself or family. So, don't try to move money between your own accounts to hit the 5-transaction minimum. Use your card for actual purchases.

Third, if you close your account before the bonus is paid, you won't get it. So, keep the account open until the bonus hits, and even then, it's wise to keep it open for a while to avoid any early termination fees, though the bank doesn't list one.

Finally, make sure your direct deposit qualifies. Not all transfers count as direct deposits. Payroll and Social Security are safe bets, but if you're unsure, contact the bank to confirm.

• Complete all requirements within 90 days.
• Avoid using transfers to meet the debit transaction requirement.
• Keep the account open until the bonus is deposited.
• Verify that your direct deposit qualifies.

Bottom Line

• Earn $300 by opening a Forward Checking account and meeting direct deposit and debit transaction requirements.
• No monthly maintenance fee on Forward Checking, so the bonus is yours to keep.
• Offer runs through August 31, 2026, and is available to new customers in Wisconsin.

Common Questions