Snag a $300 Bonus from TopLine Financial Credit Union in Minnesota

Hey folks, if you're in Minnesota and looking to pad your savings a bit, there's a solid credit union bonus worth checking out. TopLine Financial Credit Union is dangling a $300 carrot for new checking account customers, but like all these offers, the devil is in the details. It's not the most straightforward bonus to earn, requiring a specific direct deposit pattern over several months. Let's break down exactly what you need to do, who's eligible, and some practical tips to make sure you actually get that cash.

Is This Offer Right For You?

This $300 bonus is attractive, but it asks for a real commitment. You'll need to route a meaningful direct deposit—$1,000 a month—for a full quarter. That's perfect if your regular paycheck or pension deposit meets that threshold and you don't mind switching your deposit destination temporarily. However, if your income is variable or below that mark, hitting this target could be a struggle.

The geographic restriction is the other big hurdle. You need to live, work, worship, attend school, or volunteer in one of many specific Minnesota counties (like Anoka, Hennepin, Ramsey, Washington, and others), or work for a listed employer like the Anoka-Hennepin School District or Graco. If you don't meet one of those criteria, you're out of luck.

Walking Through the Fine Print

Credit union bonuses often have a few extra hoops, and this one is no exception. First, you're not just opening a checking account. Membership requires a $5 'share' savings account—that's your ownership stake in the credit union. The bonus itself will eventually land in that savings account, not your checking.

The clock starts ticking as soon as you open the account. You must enroll in eStatements immediately and begin that three-month cycle of $1,000 direct deposits. The official terms are very specific about what counts: it must be a 'regular periodic payment' like a salary, pension, or Social Security, sent via ACH from an employer or government agency. What definitely doesn't count? Peer-to-peer app transfers (Venmo, Zelle, PayPal), moving money between your own accounts, mobile check deposits, or cash deposits at a branch or ATM.

Crucially, you must keep the account open and in good standing for at least six months. If you close it early or fail to meet any requirement, the credit union can and will take the bonus back. Also, remember this $300 is considered taxable income, so you'll get a 1099 form for it next tax season.

A Smart Strategy for Claiming Your Bonus

If you decide to go for it, a little planning goes a long way. First, double-check your eligibility using the credit union's website before you apply. Have your promo code 'TL300' ready during the application—don't assume it will be applied automatically.

Since the direct deposit definition is strict, the safest route is to use your primary payroll deposit. If you're nervous, you could contact your HR or payroll department to confirm the deposit amount and that it's sent via ACH. Once you switch your deposit, mark your calendar! Note the date of your first qualifying deposit, then ensure two more follow in the subsequent months. Set a reminder for six months from account opening to reassess if you want to keep the account open or move on.

Finally, be patient after completing the requirements. The bonus can take about a month to post, so don't panic if it's not there immediately after your third deposit clears.

Bottom Line

• A $300 bonus is strong, but requires a sustained $1,000/month direct deposit for 3 months.
• Eligibility is limited to people with specific ties to Minnesota or partner companies.
• The bonus is taxable and will be reported to the IRS.
• Account must remain open for 6 months, or the bonus could be revoked.

Common Questions