Snag a $200 Bonus from Think Bank – But You’ll Need to Act Fast

If you’re in Minnesota and looking for a quick way to pad your wallet, Think Bank has a solid deal running right now. Open a new checking account, jump through a few hoops, and you’ll score a $200 bonus. The catch? You’ve got until June 30, 2025, to get started, so don’t snooze on this one.

What You Need to Do to Get the $200

Think Bank makes it pretty straightforward. First, you’ll open an eligible checking account online or in person with at least $50. That deposit is your ticket in. Then, within 60 days of opening, you need to receive two direct deposits or ACH credits that add up to $2,000 or more. Think of it as your regular paycheck or a transfer from another account—just make sure it’s an ACH, not a cash deposit.

On top of that, you’ll need to use your Think debit card for 10 purchases that aren’t ATM withdrawals. These can be small buys—coffee, gas, groceries—as long as they post and settle within that same 60-day window. After that, Think checks if you’ve met the requirements and drops the $200 into your account within 30 days. You can even choose to donate the bonus to Bolder Options, a local youth mentoring nonprofit, if that’s more your style.

Who Can and Can’t Get This Bonus

This offer is for first-time checking customers who are 18 or older. If you already have a Think checking account, you’re out of luck. Same goes if you closed a Think checking account in the last three months—you’ll need to wait a bit. There’s no household limit mentioned, so multiple family members could each snag the bonus as long as they meet the criteria.

One thing to watch: if you close your account within the first few months, there’s a $15 early termination fee. So it’s worth keeping the account open until the bonus posts and then decide if you want to stick around.

A Few Tips to Make It Smooth

Set up your direct deposits early—ideally right after opening the account. If you’re switching payroll, give it a week or two to kick in. For the debit card transactions, spread them out over the 60 days to avoid any hiccups. And remember, ATM withdrawals don’t count, so use the card for actual purchases.

Think Bank has several checking options, including a Preferred Interest Checking that pays higher rates if you keep $1,500 in the account, and a Direct Interest Checking with no monthly fee if you set up direct deposit. Pick the one that fits your habits best.

Bottom Line

• You need $50 to open, $2,000 in direct deposits, and 10 debit card purchases within 60 days.
• Offer ends June 30, 2025—apply soon.
• Bonus is taxable; you’ll get a 1099-INT.
• Early closure costs $15, so plan to keep the account for a few months.

Common Questions