[WI, In Branch only] Monona Bank $300 Checking Bonus


Update 3/19/22: Deal is back and valid until May 31, 2022. Hat tip to reader Addison K

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: In branch only, all branches are in WI [Branch locator]
  • Direct deposit required: Yes, no minimum specified
  • Additional requirements: See below
  • Hard/soft pull: Soft pull
  • ChexSystems: Yes
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee:  $20
  • Household limit: Possibly one
  • Expiration date: April 30th, 2019 October 31st, 2019 May 31, 2022

The Offer

Direct link to offer

  • Open a new Monona Bank True Choices checking bonus and complete the following requirements to receive a $300 bonus:
    • Open at least one additional deposit product like savings or money market account
    • Move your payroll or monthly social security direct deposit to your new account


The Fine Print

  • Your $300 bonus will be deposited into your new non-interest bearing account within 90 days after you complete the three easy steps above.
  • We really want to be your new bank, so while we truly value our current clients, this special offer is only available to households that have not received a similar bonus in the past and don’t currently have a checking account with us.
  • Offer expires on April 30, 2019.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a full fee schedule so I’m unsure if there are any early account termination fees.

Our Verdict

Nice big bonus with no monthly fees to worry about. Downside is account needs to be opened in branch, given that it’s a soft pull to open this account we will be adding this to our list of the best checking bonuses. Might also be able to open a 4% APY CD up to $10,000 at the same time.

Useful posts regarding bank bonuses:

Post history:

Update 3/17/20: Deal is back and valid until April 30th, 2020. Not sure I’d recommend going in branch at this stage. Hat tip to reader Ethan

Update 9/8/19: Deal is back and valid until October 30th, 2019. Don’t have a direct link to the new offer, but available in branch. I believe the requirements are the same.

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