Monterra Credit Union Promotions: $150, $200 Checking Bonuses (CA)

Check out the latest Monterra Credit Union promotions, bonuses, and offers here!

Update 12/4/25: San Mateo Credit Union is now Monterra Credit Union. The $150 bonus when you open a new qualifying checking account has been extended through 12/31/25. There’s also a $200 checking bonus available through 12/15/25.

Monterra Credit Union Promotions Review

Monterra Credit Union is headquartered in Redwood City and is the 40th largest credit union in the state of California. It is also the 282nd largest credit union in the nation. It was established in 1952 and as of December of 2023, it had grown to 207 employees and 94,907 members at 10 locations. Monterra Credit Union’s savings rates are 8X the national average, and it has an A health rating.

I’ll go over Monterra Credit Union offers below.

Monterra Credit Union $200 Checking Bonus

• What you’ll get: $200 bonus
• Availability: CA (Bank Locator)
• Direct Deposit Requirement: None
• Credit Inquiry: Soft Pull online, Hard Pull in branch
• Monthly Fees: None
• Early Termination Fee: Soft Pull online, Hard Pull in branch
• How to earn it: 
  • Earn $200 cash bonus by meeting these three (3) requirements in the first calendar month after opening your new Premium Checking account:
    • Make ten (10) or more debit or credit card purchase transactions
    • Have at least one monthly direct deposit, payroll deposit, or ACH transfer
    • Enroll in and select to receive eStatements
  • Cash bonus for the month will be paid to the open, eligible membership account within 31 days after the qualification period ends.

(Expires 12/15/2025)

Fine Print

• Requirements to receive $200 cash bonus: Open a new Premium Checking account (no other account types are eligible) between 11/17/2025 and 12/15/2025; and fulfill three (3) requirements needed to earn the APY, starting the full calendar month immediately following the month after account opening.
• Requirements are notated above.
• Cash bonus for the month will be paid to the open, eligible membership account within 31 days after the qualification period ends.
• The account must have a positive balance at the time of payout to receive the bonus.
• The bonus is classified as interest paid to the account where the bonus is credited.
• Any applicable taxes associated with the bonus are the responsibility of the account holder.
• To the extent required by law, the Credit Union will report the total value of this bonus to the IRS on Form 1099-INT for the tax year in which the bonus was paid.

Monterra Credit Union $150 Checking Bonus

• What you’ll get: $150 bonus
• Availability: CA (Bank Locator)
• Direct Deposit Requirement: None
• Credit Inquiry: Soft Pull online, Hard Pull in branch
• Monthly Fees: None
• Early Termination Fee: Soft Pull online, Hard Pull in branch
• How to earn it: 
  • Earn $150 cash bonus by meeting these three (3) requirements in the first calendar month after opening your new Premium Checking account:
    • Make ten (10) or more debit or credit card purchase transactions
    • Have at least one monthly direct deposit, payroll deposit, or ACH transfer
    • Enroll in and select to receive eStatements
  • Cash bonus for the month will be paid to the open, eligible membership account within 31 days after the qualification period ends.

(Expires 12/31/2025)

Fine Print

• Requirements to receive $150 cash bonus: Open a new Premium Checking account (no other account types are eligible) by 12/31/2025.
• Fulfill three (3) requirements, starting the full calendar month immediately following the month after account opening.
• Requirements are: 1.) Make ten (10) or more card purchases using either the debit card(s) linked to your new Premium Checking account and/or a credit card under the same membership as your new Premium Checking account; and 2.) Minimum of one (1) direct deposit, payroll deposit, or external ACH transferred into your checking account type; and 3.) elect to receive eStatements in lieu of monthly paper statements.
• In the case of a joint account, purchases and payments from multiple cards associated with the membership that contains the Premium Checking and credit card may be added together.
• Offer may change or be discontinued at any time without prior notice.
• Cash bonus for the month will be paid to the open, eligible membership account within 31 days after the qualification period ends.
• The account must have a positive balance at the time of payout to receive the bonus.
• The bonus is classified as interest paid to the account where the bonus is credited.
• Any applicable taxes associated with the bonus are the responsibility of the account holder.
• To the extent required by law, the Credit Union will report the total value of this bonus to the IRS on Form 1099-INT for the tax year in which the bonus was paid.

How To Avoid Monthly Fees

• Premium Checking: No monthly fees
• Free Checking & Student Checking: No monthly fees
• Business Checking: $15.00 monthly waived if an average daily balance of $4,000 is maintained.
• Business Basic Checking: $7.50
• Nonprofit Business Checking: No monthly fees

Author’s Verdict

Monterra Credit Union has some of the best promotions, bonuses, and offers. Plus it’s even better that their checking accounts doesn’t have any monthly fees!

For more current offers, check out our bank bonuses page. Compare Monterra Credit Union rates for CDs and Savings with our best rates for Savings and CD accounts.

Be sure to check more popular bank promotions include Chase Bank, Bank of America, Citi, Discover Bank, CIT Bank, TD Bank, Huntington Bank, HSBC Bank, Wells Fargo and many more.