Update 9/13/23: Bonus is back and now $300 in AZ & $250 in OK.
Offer at a glance
- Maximum bonus amount: $200 checking & $100 savings bonus
- Availability: Available to Arizona & Oklahoma residents only
- Direct deposit required: Optional
- Additional requirements: See below
- Hard/soft pull: Soft
- ChexSystems: Yes
- Credit card funding: Unknown
- Monthly fees: $6, avoidable
- Early account termination fee: 90 days, bonus forfeit
- Household limit: One
- Expiration date: 6/30/2023
The Offer
Direct link to offers: AZ | OK
- MidFirst Bank is offering a $300 checking bonus. Bonus requirements are as follows:
- $200 checking bonus when you open a MidFirst Bank checking account and complete one of the following requirements within 90 days of opening your account:
- Receive at least $500 in direct deposits
- Complete 10 debit card purchases and three Zelle® transactions
- Three Zelle® transactions
$100 savings bonus when you open a Summit Savings account and deposit at least $10,000 in new money and maintain that for 90 days
- $200 checking bonus when you open a MidFirst Bank checking account and complete one of the following requirements within 90 days of opening your account:
The Fine Print
- *Offer Information: Promotional offer valid for qualifying accounts opened 4/1/2023 through 6/30/2023.
- Promotional offers are available in Oklahoma and Arizona only, are subject to change without notice and are not valid with other promotional offers.
- Checking offer not available to existing MidFirst Bank consumer checking customers.
- Savings offer available to new consumer checking customers and existing MidFirst Bank consumer checking customers that meet offer requirements.
- Accounts must be open and in good standing to receive an account credit.
- Promotional offers are not available to those whose MidFirst accounts have been closed during the current or previous calendar year or previously closed at any time with a negative balance. Checking and savings offers are limited to one checking and savings offer per household.
- Must be age 17 or older
- . Account credits are considered interest and will be reported on IRS Form 1099-INT, or applicable tax form. Account openings are subject to MidFirst Bank’s approval.
- Accounts closed within 90 days of opening may forfeit the amount equal to the promotional account credit received.
- Checking Offer: Open a new qualifying consumer checking account and receive $200 when you complete ONE OF THE FOLLOWING TWO OPTIONS within 90 days of account opening: 1) Have direct deposits totaling $500 or more made to your new account. Direct deposit must be an electronic deposit of the account owner’s paycheck, pension or government benefits, such as Social Security. Electronic deposits made from one consumer account to another do not qualify, such as Zelle®, PayPal®, Venmo®, or small-dollar verification transactions. OR 2) Complete 10 debit card purchase transactions with your MidFirst Bank debit card AND three Zelle® transactions in the MidFirst Mobile App. Multiple swipes for the same purchase amount or at the same merchant in succession do not qualify for eligible debit card purchase transactions. Credit will be made to new account within 30 days of meeting checking requirements 1 OR 2.
- Savings Offer: New and existing MidFirst Bank consumer checking customers can open a new Summit Savings account and receive $100 when you complete the following: 1) Deposit a total of $10,000 or more in funds new to MidFirst Bank within 10 days of account opening and 2) Maintain at least $10,000 balance in new account for 90 days. Credit will be made to new Summit Savings account within 30 days of meeting savings requirements 1 AND 2. The Annual Percentage Yield (APY) for Summit Savings as of 03/10/2023 is 0.35% for balances up to $10,000 and 3.25% for balances $10,000 and above. Interest rates are variable and subject to change. Fees may reduce earnings. Please go to midfirst.com/summit-savings-promo-az to view our current Summit Savings rate. Eligible account types: Checking offer is available on most consumer checking accounts. Consumer checking accounts that are not eligible for the checking offer include Student Checking accounts, Go! Checking, and all Sooner® and Broncho Checking accounts. Savings offer is available on new Summit Savings accounts only.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
The M checking account required for this bonus has a $6 monthly fee, this is waived with a $250 or more monthly recurring direct deposit or $1,000 minimum average daily balance
Early Account Termination Fee
Account must be kept open for 90 days to avoid any early account termination fee.
Our Verdict
Previously we saw a bonus of $300 that didn’t require a direct deposit. I’d recommend waiting for that offer to return as the $100 savings bonus isn’t worth considering at the moment with interest rates so high.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
It seems this offer is no longer available. No offer to be found when following the offer link.
P1-P3 received the savings bonus, and we all just closed the accounts recently. We’re all OOS from So Cal and got in by way of opening Vio bank accounts. I had also attempted the checking bonus last year, but I never received it, and I’m thinking that my fake DD’s did not qualify. You have to call to close your account with this bank–even if you send them an SM about anything, they will always tell you to call.
You’ll want to close your Summit savings account asap unless you plan on leaving $10k in the account–under this balance, you’ll be charged $15 monthly. When I closed the account, they still paid out the accrued interest that hadn’t posted yet for the month, even though their terms state that you won’t receive it. Here’s my bonus timeline, P2 and P3’s are similar:
6/29/23 – Opened Summit savings account thru promo link with $10k initial deposit from Discover savings account
9/26/23 – $100 bonus posted, 4% APY posted monthly for all 3 months prior
P2 and P3 received the checking bonus in 2022, but I don’t think I was disqualified for this, since Midfirst doesn’t seem to enforce the household limit on their bonuses. I believe that I signed up through my P2’s referral link for Oklahoma, and she didn’t receive anything for referring me, so there’s that. It could have also been because my account wasn’t formally approved until after the 12/31/22 deadline, who knows.
Any recent datapoints being able to open the account for OOS with an existing vio bank account?
can the zelle transaction be $1 to a friend or family ?
The $300 bonus posted yesterday 10/3 (one of the quicker ones to do so). I opened my Midfirst account on 9/13. 9/21 was when I had a real $501 Direct Deposit then I made 3x Zelle transactions all on 9/26. I was skeptical of the 3x Zelle, so I tried to do 10x legit debit transactions as well concurrently (didn’t finish until 10/4 which was well after the bonus posted already). Keep in mind if you do the 10x debits, they all can’t be at the same merchant consecutively for the same amounts or small amounts per their offer terms which sucks. Fortunately the bonus posted as you only need to meet 2/3 of the terms (A $500 direct deposit, 3x Zelle, or 10x debit transactions).
Data points for MidFirst Bank checking bonus:
06/01 Opened account
06/09 Real direct deposit of $509 from paycheck posted to the account
06/13 $200 checking bonus posted
I did not bother with the savings account component of this offer.
Denied. It’s possible because of Chex, not super high though as I can recall.
Your
Boost Checking
Application
Thank you for your interest in opening a new account.
Unfortunately, we are unable to open an account for you online. If you would like to re-apply, please review your information closely and ensure you are using your most current information and formal name as it may appear on public records.
If you have any questions, please contact us at 888.643.3477 and choose Option 6. Our business hours (Central Time):
Monday – Friday 7 a.m. – 9 p.m., Saturday 8 a.m. – 6 p.m., Sunday 12 p.m. – 4 p.m.
P1 and P2 churn this thing every other year, alternating who opens the account each year. One bonus per household claim might be enforced if done concurrently, but certainly has not been enforced when only doing one at a time.
These dipshits suffered a data breach earlier this year and have been sending out notices recently telling customers and former customers that their private information including SSN was exposed to the hackers. This includes anyone who took part in the “Monifi” offers prior to their shutdown earlier this year. That’s the cost of churning bank accounts and pimping out your personal information folks!
“Multiple swipes for the same purchase amount or at the same merchant in succession do not qualify for eligible debit card purchase transactions.”
Did Amazon reloads work for anyone?