St. Paul Federal Credit Union: Up to $125 Referral Bonuses (Minneapolis and Saint Paul)

St. Paul Federal Credit Union offers both current and new members up to $125 in bonus cash through their member referral program, plus you can earn up to a 4.99% APY with their Simply Checking account.

Membership in St. Paul Federal Credit Union

St. Paul Federal Credit Union has 13 branch locations around the Saint Paul, Minnesota, area.

However, their Membership Requirements are restricted to residents of select underserved areas around Minneapolis and Saint Paul as well as to members of local unions, employees of select companies, family members, and other select individuals.

If you do qualify for membership, then this is a great way to earn some extra bonus cash for joining and referring new members to St. Paul FCU.

St. Paul FCU Referral Program

St. Paul FCU’s Referral Program provides both new and current members with up to $125 in bonus cash.

Both members will receive a $25 bonus when the referred new member opens a new Savings account and a new Simply Checking account.

Plus, both members will earn an additional $100 cash reward if the referred new member meets minimum qualifications with the Simply Checking program after 6 months of membership, including eStatement Enrollment, monthly eBanking usage, 20 monthly debit card purchases, and a recurring direct deposit.

Please feel free to exchange referrals for St. Paul Federal Credit Union in the comments section below this article.

Initial $25 Cash Rewards

When a current member refers a new member to St. Paul FCU, both the referring member and the new member will receive a $25 credit to your Savings Accounts within 30 days of account opening, assuming the accounts are open.

The new member must open at least a Savings account and a Simply Checking account within 60 days of the referral.

A minimum of $5 is required to open a Saving account, and a minimum of $50 is required to open a Simply Checking account.

Secondary $100 Cash Rewards

Both parties will earn a $100 bonus when the new member meets minimum qualifications with St. Paul FCU’s Simply Checking program after 6 months of account opening.

Qualifications after 6 Months:

• Savings Account with at least a $5 balance.
• eStatement Enrollment.
• eBanking and/or mBanking usage at least 1 time monthly.
• 20 debit card purchases per month.
• Simply Checking account with recurring monthly direct deposit of at least $500 per month.

If the new member has an active account after 6 months (on the review date), both the referring member and the new member will receive a $100 credit to their Savings accounts, assuming the accounts are open.

Referral Program Terms

• An existing member can refer as many new members as you like with no limit to the amount of bonus cash that you can earn from referrals.
• You must be a St. Paul Federal Credit Union member to refer a new member.
• Referred member must be at least 18 years of age to qualify.
• Referral bonus funds will be reported as dividends earned on IRS Form 1099-INT and you are responsible for any applicable taxes.
• There are no limits to the number of referrals a member can have in a calendar year.
• Referred member must indicate who referred them by name at the time of account opening to qualify for any referral payments.

Simply Checking up to 4.99% APY on up to $20K

St. Paul Federal Credit Union offers Simply Checking, an interest-bearing checking account with no minimum balance requirements.

Plus, if you meet the monthly debit card purchase requirements, you can receive up to a 4.99% APY on balances of up to $20,000.

APY Tiers and Requirements:

• Make at least 20 debit card purchase transactions per statement cycle.
• Sign up for eStatements and login to eBanking monthly.
• Have recurring direct deposit into your checking account.
• Earn 2.99% APR on balances up to $10,000 when you make 20 debit card purchases per month.
• Earn 3.99% APR on balances up to $15,000 when you make 40 debit card purchases per month.
• Earn 4.99% APR on balances up to $20,000 when you make 60 debit card purchases per month.
• Your enrollment is automatic when the requirements are met each month.

St. Paul FCU does provide you with a great rate if you are able to meet the debit card purchase requirements.

Take advantage of the St. Paul Federal Credit Union referral program to earn up to $125 in bonus cash if you meet the eligibility requirements

If you live in Minnesota or Wisconsin, you may also be interested in the TruStone Financial Referral Bonus to earn some extra cash rewards.