Posted by William Charles on August 17, 2019
Bank Account Bonuses

Published on August 17th, 2019 | by William Charles

78

[AZ, CO, IL, MO, IL, NE, OK, KS, TX] UMB Bank $150 Checking Bonus (+ $200 For Person Referring You)

Offer at a glance

  • Maximum bonus amount: $150
  • Availability: Branches are in Arizona, Colorado, Missouri, Illinois, Nebraska, Oklahoma, Texas and Kansas [All branch locations here]. Assume it’s a similar area restriction for this referral bonus
  • Direct deposit required: Yes, at least $250+
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: $4, avoidable
  • Early account termination fee: $30, 90 days
  • Household limit: None listed
  • Expiration date: None listed

The Offer

Direct link to offer

  • UMB Bank is letting some members refer new members and earn $200 for each member they refer that meets the requiremnets. The person being referred also receives a bonus of $150 when they open a new checking account and complete the following requirements:
    • Open a UMB Select Checking, UMB Value Checking, or UMB Convenience Checking account through the Referral Center
    • Enroll in UMB Online Banking, set up bill-pay, and make three (3) or more online bill payments; AND
    • Receive one (1) direct deposit of at least $250 into the account; AND
    • Complete six (6) or more UMB Visa® debit card transactions (excludes ATM withdrawals).

The Fine Print

  • I would recommend reading the full fine print here
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Convenience checking has a $4 monthly fee. This is waived if you do any of the following:

  • $500 average collected balance in this account
  • An automatic transfer of $50 or more from this account to a UMB checking, savings, or money market account or UMB loan obligation is made during each monthly service charge cycle
  • Online Banking transfer of $50 or more to a UMB checking, savings or money market account during each monthly service charge cycle
  • Online Banking transfer of $50 or more to pay a UMB loan obligation during each monthly service charge cycle

Early Account Termination Fee

I wasn’t able to find any mention of an early account termination fee in the fee schedule. According to this comment there is a $30 fee if closed within 90 days

Our Verdict

The fine print regarding actually referring somebody is a bit confusing in my opinion. Still a bonus worth doing if you live in the area, especially if you’re able to refer a significant other as then it’s basically a $350 bonus. I will be adding this to our list of the best checking account bonuses.

Useful posts regarding bank bonuses:



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CryptoChrist
CryptoChrist

Any recommendations on getting a referral? Are we allowed to request within the comments? I’ve got two branches in my city, never been a customer.

I guess opening my own and referring the SO would still be worth the effort as it seems becoming a referrer is simple as signing up to do so.

klg
klg

Of course, if you open an account, you could refer the rest of us and get more bonuses. Can someone figure out how to set that up?

CryptoChrist
CryptoChrist

I’ll get an account opened up next week. Saturday no business at this bank. Ryan Jackson has a referral link below too.

JR
JR

Not entirely sure if posting a referral link is completely within the rules of this post, but I’ve posted my link above if you’d like to give it a shot 🙂 https://umb.royalreferralcenter.com/register?token=5d5aa5c40f883&via=tw

Lc
Lc

Just went in branch . They said it starts next Monday the 26th? Not sure about that but I’m waiting..

Superman
Superman

I see no restrictive definition of “direct deposit” in their fine print, however Fidelity routing number is UMB Bank, so doubtful it’d count as external DD.

Ryan Jackson

For anyone needing a referral: https://umb.royalreferralcenter.com/register?token=5d582fb2c6efd&via=tw

Once you’ve registered your info you can go into branch to open an account.

CryptoChrist
CryptoChrist

Thanks Ryan. Branches are closed on Saturday near me. I’ll get out there on my lunch break Monday for a quick open I hope.

JR
JR

Ryan Jackson Ryan, they’ve asked me to share the referrer’s first, middle and last name. Would it be possible for you to email me those details at jaquerudolph@yahoo.co.uk? Thanks in advance

JR
JR

William Charles Chuck would it be possible to provide Ryan Jackson ‘s email ID? Haven’t heard from them in 2 weeks now. Thanks

Chuck

Nope, sorry, we can’t give out personal info. Hopefully they’ll get back to you sometime.

JR
JR

I can understand. Just that they haven’t responded to my comments/twitter. Would it be possible for you to email them on my behalf and just let them know? Appreciate all that you do Chuck !

Unclesam
Unclesam

Can any customer generate a referral link or it i targeted to certain customers? The reason I am asking is whether I will be able to refer other family members after i open my account.

klg
klg

well, I was all set to become a Referral Mogul, but you can’t open account online, must go in branch. closest branch is a 2 hour drive, so someone else will have to open an account and then offer referral services to other posters here.

missjenniferd1🦉 🦁

well i think EVERYONE has to go in branch, either that or i’m misunderstanding this comment:
https://www.doctorofcredit.com/az-co-il-mo-il-ne-ok-ks-tx-umb-bank-150-checking-bonus-200-for-person-referring-you/#comment-799584

Sara
Sara

In Branch only?

Curmudgeon
Curmudgeon

Fine print terms indicate “If the checking account is closed within the first ninety (90) days from the account opening date, a charge may be imposed.” but doesn’t say anywhere what that charge would be.

Austin
Austin

William Charles Monthly fees apply to all of them. The fees are $20, $8, $4 representatively. (UMB Select Checking, UMB Value Checking, or UMB Convenience Checking ).

https://www.umb.com/personal/banking/checking

EWayfarer
EWayfarer

Nah dude.

On that same table, the very next row states “Monthly Service Fee Waiver Options” and lists out ways to avoid the fees.

Austin
Austin

I understand. I mean the main post goes “Select checking has no monthly fees to worry about”, which is inaccurate. Better get updated.

ben
ben

Do i sign up for something first or do i just show up at the nearest branch?

Golden
Golden

Wonder what would count as DD for this bank…

LC
LC

i think direct deposit works

JR
JR

Used Ryan Jackson’s. Here’s my referral: https://umb.royalreferralcenter.com/register?token=5d5aa5c40f883&via=tw

Once you’ve registered your info using the referral link, you can go into branch and open an account.

@DoC: If this is not the place to post it, please let me know and I’ll take it down.

LC
LC

used yours. will be going in today

skolkjer
skolkjer

Used yours, thanks!

Derrick C
Derrick C

Used yours to register. Should I be getting an email confirmation of my registration…? I haven’t gotten anything yet that confirms they received my registration.

LC
LC

Just went in branch . They said it starts next Monday the 26th? Not sure about that but I’m waiting..

Xinqing Wang
Xinqing Wang

So, we have to wait until next Monday? Do we have to register online before next Monday?

LC
LC

i dont think so, its entirely possibly what my branch told me is specific to them. i see nothing in the terms about Aug 26 start date but im waiting and will register again using a diff email. YMMV

Charles
Charles

Called a branch today and the banker confirmed that it starts Monday the 26th.

Curtis
Curtis

Which branch? Seems to be conflicting info.

Charles
Charles

A St. Charles County, Missouri branch.

Austin
Austin

I opened an account today (08/20/2019) using Ryan Jackson’s. Here’s my referral: https://umb.royalreferralcenter.com/register?token=5d5cbe0eb2a19&via=tw

Once you’ve registered your info using the referral link, you can go into a branch and open an account.

Personally,
(A) there was no confirmation email after registration.

(B) My banker printed out a copy of current referral promotions from the system. On that piece of paper, #1 is this cash bonus, #2 is a Starbucks GC bonus. I don’t think this cash bonus is gonna start later, at least not in my branch (MO).

(C) Also, this promotion was new to my banker. And she called some internal hotline and confirmed this promotion does not need a special code for the banker to input into the system. Just use the referral link to register and meet the three requirements, you’re all set.

If this is not the place to post it, please help take it down since I have trouble editing this on another device.

Curtis
Curtis

Registered wife with Austin’s link. She is opening an account tomorrow and I will post her link shortly after.

Xinqing Wang
Xinqing Wang

Used you link to register today. After registration, I got this message on the computer screen: Thanks For Registering For UMB Bank’s Referral Center! Thank you for registering for UMB Bank’s Referral Center. Follow the steps below to earn your $ 150 or click the link to learn more.

Then, i received an e-mail from the e-mail address that I used to register: Thanks For Registering!
Dear XINQING WANG,
Thank you for registering for UMB Bank’s Refer-A-Friend Program. The next step is to open your personal checking account by visiting your nearest branch location and then meet the reward qualifications.

Will open an account with them in the next few days.

Austin
Austin

Thank you, guys.
I got the message on the screen too. No email confirmation tho. Glad to know there was an email confirmation for you. I tried to register again before I went to the branch and was told I already registered.

CryptoChrist
CryptoChrist

Was there no need to provide the First, Middle and Last name of the referrer? It was mentioned in a comment by JR under Ryan’s referral thread. If necessary, please email to me at kdighop@gmail.com, as I am utilizing your referral. Thank you for the detailed post on your experience. I am in MO as well.

Also, my confirmation email went to SPAM and then to Promotions when using gmail.

Austin
Austin

I was not asked for the referrer’s information. As long as you use the same info to open a new account as the one you fill out the form with, you’ll be fine. I was told by the banker that the system would match referee’s either SSN or email. Thanks

amz
amz

Called local branch. They said new promotion starts next week. Will check back on Monday.

amz
amz

Opened account in branch today in OK. As I mentioned above, the new $200/$150 referral program is new and in many branches only started this week.

Was easy to set up the account in person. I recommend that you ask your banker to enroll you in online access and set up the account or you. I’m glad I did because I was not able to enroll online myself due to some errors on their web site. The banker did it for me after I’ve left and emailed me all the details.

Here is my link to open new account and get $150. Appreciate if you use it.
https://umb.royalreferralcenter.com/register?token=5d66f9c9df34b&via=tw

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