Update 1/9/24: New bonus is $250 at this link. Promo code is CHK_NEW_$250A+DD.
Update 11/11/23: Bonus is back but only in branch. [Branch locations]. Direct deposit is required this time ($150 or $250 depending on the account).
Offer at a glance
Maximum bonus amount: $150
Availability: Says Rochester Public School District, but previously these offers have worked in MN, WI, TN, TX
Direct deposit required: No
Additional requirements: Promo code + 10 debit card purchases
Hard/soft pull: Hard pull
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: $15, 90 days
Household limit: None
Expiration date: December 31, 2021
The Offer
Altra Bank is offering a bonus of $150 when you open a new A+ checking or A+ Platinum account and complete the following requirements:
Use promo code RPSD_A+150
Make 10 debit card transactions within 30 days of account opening
The Fine Print
$150 cash bonus available for new Altra members who open a new Altra membership and an A+ Platinum or A+ Checking account in person or online;
Offer void for current Altra members or if Altra membership has been closed within the last 30 days.
To receive offer, initial minimum ten (10) Altra debit card transactions must be posted within thirty (30) days of account opening. ATM transactions do not qualify; Only debit card transactions processed by merchants and received by Altra as Point of Sale (POS) transactions count towards qualifying debit card transactions. $150 will be deposited into new checking account within 30 business days of initial ten (10) debit card transactions posted. One A+ Checking or A+ Platinum account per member; one offer per member; personal accounts only; not available to Guardianship, Rep Payee, or UTMA accounts.
Offer valid for members age 16 and older.
A parent must co-sign if under age 18.
For tax purposes, cash bonus may be reported as dividends.
Membership eligibility required.
Limited time offer. Cannot be combined with any other checking bonus.
Contact Altra for complete details.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
A+ checking account has no monthly fees to worry about.
Early Account Termination Fee
There is a $15 fee if closed within 90 days of account opening.
Our Verdict
Pretty good bonus, main issue is knowing if you’re actually eligible or not. In the past there was a $190 bonus and up to $700. This bonus is nice and easy though with no direct deposit required, although there is a hard pull.
Hat tip to Ashley R
Useful posts regarding bank bonuses:
A Beginners Guide To Bank Account Bonuses
Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
PSA: Don’t Call The Bank
Introduction To ChexSystems
Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
What Banks & Credit Unions Do/Don’t Pull ChexSystems?
How To Use Our Direct Deposit Page For Bank Bonuses Page
Common Bank Bonus Misconceptions + Why You Should Give Them A Go
How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
Affiliate Links & Bank Bonuses – We Won’t Be Using Them
Complete List Of Ways To Close Bank Accounts At Each Bank
Banks That Allow/Don’t Allow Out Of State Checking Applications
Bank Bonus Posting Times