Does the Mid Minnesota FCU $300 bonus need a direct deposit?

No. The monthly qualifications are 1 ACH debit or credit, 12 debit card purchases and receiving eStatements. An ACH debit, such as a bill paid from the account, counts.

Who can join Mid Minnesota Federal Credit Union?

People who live, work, worship or attend school in Becker, Cass, Crow Wing, Douglas, Morrison, Norman, Otter Tail, Todd or Wadena County, the cities of Aitkin, McGregor and Palisade, or select Aitkin County townships, and their immediate family.

Is the Mid Minnesota Federal Credit Union Kasasa Rewards Checking bonus available nationwide?

No. This offer is limited to residents of select states: MN.

Is there an early closing fee for the Mid Minnesota Federal Credit Union Kasasa Rewards Checking?

Yes. If you close the Kasasa Rewards Checking too early, Mid Minnesota Federal Credit Union may charge a $300 early account closing fee.

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Mid Minnesota Federal Credit Union

Mid Minnesota Federal Credit Union Kasasa Rewards Checking $300 Bonus

Mid Minnesota Federal Credit Union pays $300 when you open a new Kasasa Rewards Checking account (Kasasa Cash or Kasasa Cash Back) and meet its monthly qualifications: 1 ACH debit or credit, 12 debit card purchases and eStatements. No direct deposit is needed. The bonus is paid about 90 days after opening, and the credit union takes $300 back if you close the account within six months. Membership is for people in nine central Minnesota counties and nearby Aitkin County areas.

Bonus amount: $300
Expires: Not listed
Time to complete: ~60 days
Paid after opening: ~90 days
Difficulty: Medium

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Requirements

Last verified: Nov 9, 2026

Open a Kasasa Rewards Checking account
Join Mid Minnesota Federal Credit Union and open a new Kasasa Rewards Checking account (Kasasa Cash or Kasasa Cash Back). Checking needs a $25 opening deposit, plus $5 in the share savings account that makes you a member. Membership is for people who live, work, worship or attend school in the credit union's central Minnesota service area, and their immediate family.
12 debit card purchases each monthly cycle
Make 12 purchases with your MMFCU debit card that post and settle during each Monthly Qualification Cycle (the last business day of the month through the second to last business day of the next). The bank's page does not say how many qualifying cycles the bonus needs, so keep qualifying every cycle until the $300 posts.
1 ACH debit or credit each monthly cycle
Have at least one ACH debit or credit post during each Monthly Qualification Cycle. A bill paid electronically from the account or an incoming ACH transfer counts; transfers between your MMFCU accounts do not.
Receive eStatements
Choose electronic statements on the new checking account.

The credit union pays the $300 within 30 days of meeting the requirement, which it estimates at about 90 days after opening.

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Account Details

Monthly feeNo monthly fee

Opening deposit$25

Min. hold period180 days

The credit union takes back $300 if the checking account is closed in the first six months.

Early closing fee$300

Credit inquiryThe bank does not publish this. Ask before you apply.

ChexSystemsThe bank does not publish whether it screens banking history. Ask before you apply.

AvailabilitySelect states (MN)

Eligibility

Minimum age18+

Existing customersNot eligible

The offer is pitched to people making the switch to MMFCU Rewards Checking. The page limits it to one account per Social Security number and does not spell out an existing-member rule.

Other restrictions

Membership is for people who live, work, worship or attend school in Becker, Cass, Crow Wing, Douglas, Morrison, Norman, Otter Tail, Todd or Wadena County, the cities of Aitkin, McGregor and Palisade, or select Aitkin County townships, plus their immediate family.
Limit one account per Social Security number.
Central Minnesota credit union. You can apply online, but only people inside its service area can join.

Tips & Gotchas

No direct deposit needed. One ACH debit, like a bill paid from the account, covers the ACH step.
The bank's page does not say how many qualifying months the bonus needs. It says the $300 is paid about 90 days after opening, so meet the qualifications every monthly cycle until it posts.
Keep the account open at least six months. The credit union takes $300 back if you close it sooner.
Central Minnesota credit union. Only people in its service area, and their immediate family, can join.

Can You Earn This Bonus Again?

Can rechurnNo

NotesLimit one account per Social Security number.

Fine Print

Monthly qualifications include: 1 ACH debit or credit, 12 debit card purchases, and receipt of electronic statements. Transactions must post and settle during the Monthly Qualification Cycle. The $300 bonus will be paid within 30 days of meeting the requirement (approximately 90 days after opening the account). No minimum balance is required to earn the bonus or open a Kasasa account. The $300 bonus is reportable income. A $300 penalty will be imposed if the checking account is closed in the first six months. Limit 1 account per Social Security number. Checking promotion will end at the discretion of MMFCU.

Taxable income

What is a hold period?

The minimum time you must keep your balance in an account before the bonus is paid out.

Read

What is an early termination fee?

A penalty, usually $25 to $50, charged if you close a bank account too soon after opening it. Among accounts we track, BMO and M&T charge $50, while many banks, PNC and KeyBank among them, charge nothing at all.