Score a $300 Bonus with Mid Minnesota Federal Credit Union's Kasasa Checking

If you live in central Minnesota and are looking for a solid credit union bonus, Mid Minnesota Federal Credit Union has brought back a familiar offer. As of early June 2025, they're offering a $300 cash bonus for opening a new Kasasa Checking account and completing a few simple monthly tasks. It's not a massive bonus compared to some national bank offers, but for a local credit union with a strong community focus, it's a nice chunk of change—especially since there's no minimum balance required to earn it.

Who Can Join?

Mid Minnesota Federal Credit Union isn't open to everyone. You need to live, work, worship, or attend school in one of these Minnesota counties: Becker, Cass, Crow Wing, Douglas, Morrison, Norman, Otter Tail, Todd, or Wadena. There are also 18 specific townships in Aitkin County that qualify. If you're not sure, check their membership page or use their branch locator to see if you're in the service area.

The credit union has been around since 1970 and now serves about 59,000 members across 12 locations. It's the 12th largest credit union in Minnesota, so it's a well-established institution with a B+ health rating.

How to Earn the $300 Bonus

The process is straightforward, but you do need to be consistent for two months. Here's what to do:

First, open a new Kasasa Checking account. There's no minimum deposit required to open it or to qualify for the bonus, which is nice if you don't want to tie up a lot of cash.

Then, each month you need to complete three things: make at least one ACH debit or credit transaction (like an electronic transfer or direct deposit), use your debit card for 12 purchases (they don't have to be large—think coffee runs or gas fill-ups), and opt into electronic statements. That's it.

After you meet those requirements for 60 days, the $300 bonus will be credited to your account within the next 30 days. So you're looking at roughly 90 days from opening to payout. The bonus is considered taxable income, so you'll get a 1099-INT or similar form at tax time.

Watch Out for the Early Closure Penalty

Here's the catch that could bite you: if you close the checking account within the first six months, you'll be charged a $300 penalty. That's the same amount as the bonus, so it would wipe out your earnings entirely. Make sure you're comfortable keeping the account open for at least half a year before you jump in.

Also, while the monthly fee can be waived (the Kasasa accounts have no monthly fee if you meet the requirements, and there are other fee-free options like Simply Checking), if you don't meet the requirements, you could be charged up to $25 per month. So stay on top of those debit card swipes and ACH transactions.

A Few Things to Consider

This offer is limited to one bonus per household, though Mid Minnesota doesn't explicitly state a household limit, so it's best to confirm if you're planning to open multiple accounts. The promotion can end at any time at the credit union's discretion, so don't wait too long to apply.

On the downside, Mid Minnesota's CD and savings rates aren't particularly competitive, so this is really a checking bonus play. If you're looking for a place to park long-term savings, you might want to look elsewhere. But for a quick $300 with minimal effort, it's a solid local option.

Bottom Line

• Open a Kasasa Checking account with no minimum deposit.
• Each month: 1 ACH transaction, 12 debit card purchases, and e-statements.
• Earn $300 after 60 days; bonus paid within 30 days after that.
• Avoid the $300 early closure fee by keeping the account open for at least 6 months.
• Offer available only to eligible MN residents in specific counties.

Common Questions