Promotion Expired

This promotion was a limited time offer that expired December 31, 2021. Please view any current promotions going on at Home Federal by clicking on the city nearest you on our locations page.


Earn $150* with a New Checking Account from Home Federal

Cash Back Checking Account

Enjoy the convenience and the cash! Open a new checking account with $500 in total monthly direct deposits and earn $150!* 

Open Your New Account Now

What else would you like to know about this offer?

Beyond the $150* bonus cash, your new checking account will come with:

  • Online Banking 24/7 Access via
  • Mobile Banking App with Mobile Deposit
  • CardGuard Fraud Protection
    • Accessible through mobile banking app.
    • Must have active debit card.
  • eStatements and Secure Account History
  • Electronic BillPay & Funds Transfers
  • And More!

Check out our checking account options for more detailed information.​

Health Savings Accounts (HSAs) do not qualify for this promotion.

Opening a new checking account can be easily done in 1 of 2 ways: 

  1. Open your account online right now!
  2. Stop by Home Federal in Winona to open your new account in person.

All you need to open an account is:

  • Your Social Security Number
  • A valid government issued ID (i.e. Drivers License)
  • $25 initial deposit (if opening an account online, you can fund your new account using another account number and routing number)

Once the account is opened, set up direct deposit with your employer (or other source of income) for a minimum of $500 total during one statement cycle and get ready to reap the $150 reward!

Direct deposit eliminates the need to get physical checks deposited into your account such as paychecks, social security checks, pension checks, and more due to your payments being deposited directly into your account electronically. Better yet, with direct deposit you get immediate access to your funds (no more waiting for a physical check to clear). To set up direct deposit, you simply need to supply a direct deposit form with your account information to whomever issues check payments to you. 

How to Get Your Direct Deposit Form: 

If you open your account in person at a branch, you should receive a pre-filled, printed out form in your new account packet with direct deposit information to turn into whomever issues the payments you want deposited. 

If you open your account online, simply send a secure email to and request your pre-filled direct deposit form for your new account to email (or print out and provide) to whomever issues the payments you want deposited. 

NOTE: Not all employers/organizations offer direct deposit.

Your $150 reward will be credited directly to your new Home Federal checking account within 60 days of meeting all requirements. The account opening requirement must be met by December 31, 2022, with the $500 in minimum direct deposits clearing by February 28, 2023, so credits may not be made until March, April, or even May 2023 – depending on when you meet all qualifications for the reward. 

This offer is part of our Mix & Match promotion – make sure to check out our other offers for Winona! 

*Promotion Restrictions: 

Earn $150 with a New Checking Account: Health Savings Accounts are not eligible for the $150 reward. New account owners must not have been a Home Federal checking account client in the last 12 months. Interest Advantage account earns interest and the Annual Percentage Yield (APY) is as follows: balances less than $5,000.00, 2.00% APY; $5,000.01 and over, 0.05% APY. APYs are accurate as of 01/01/2022. Checking account minimum opening balance is $25 and direct deposit minimum qualification is $500 (combined total of direct deposits during one statement cycle). Any applicable reward(s) will be credited to the account within 60 days of meeting the qualifications. Qualifications must be met by 12/31/2022 (direct deposit must clear by 02/28/2023). $150 reward will be reported as interest on IRS Form 1099-INT. A $75 early closing fee will be charged by the bank if the account closes within the first 6 months. Any person with more than 5 ChexSystems inquiries will not qualify for this promotion. Fees could reduce earnings on the account. Interest rates and APY may change at any time. Other restrictions may apply. This offer is subject to change and may be withdrawn without notice.