[Expired] [IL] Allied First Bank $200 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here.

Update 6/22/22: Extended until 07/31. Hat tip to ShawntheShawn

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: IL
  • Direct deposit required: Yes, two direct deposits of $500+
  • Additional requirements: None
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown, sensitive
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: 90 days, $20 fee
  • Household limit: None listed
  • Expiration date: May 31, 2022

The Offer

Direct link to offer

  • Allied First Bank is offering a bonus of $200 when you open a new checking account and complete the following requirements:
    • Receive two or more direct deposits totaling at least $500 in the personal checking account within 90 calendar days of account opening

The Fine Print

  • Receive two or more direct deposits totaling at least $500 in the personal checking account within 90 calendar days of account opening.
  • For purposes of this bonus offer, a direct deposit is defined as any payment made by a government agency, employer, or other third-party organization that is made via an electronic deposit.
  • A direct deposit does not include teller, ATM, mobile, remote deposits, or transfers between accounts at Allied First Bank.
  • Open an Allied First Bank Checking Account before April 30, 2022. Offer expires April 30, 2022.
  • Accounts closed within 90 calendar days of personal checking account opening may be charged $20 and may forfeit any cash bonus earned. Fees may reduce earnings.
  • On the 90th calendar day following the opening of the personal checking account, the relationship will be reviewed to determine if activity met offer requirements.
  • If requirements are met, the cash bonuses will be credited to the personal checking account within 10 calendar days.
  • Cash bonuses may be subject to 1099 reporting.
  • Employees of Allied First Bank, S.B. and its affiliates are not eligible for the Checking Account Bonus Program. Allied First Bank reserves the right to modify or terminate the promotion at any time.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

There is a $20 fee if the account is closed within 90 days.

Our Verdict

Need to know if this is a hard or soft pull, if anybody goes for this then please share your experiences in the comments below.

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    William Charles
  • On June 22, 2022, 17:55
Tags: direct deposit requiredIL bank bonuses

View Comments (43)

  • Opened an account after numerous hoops, phone conversations, ID verifications, etc. and received a notice today that my account was overdrawn because of my linked bank's microdeposits and subsequent withdrawal. Never saw that before! This is one LOOPY bank!

    • FNB PA did that to me several years ago. Then, calling the 1-800 number, they would not or could not remove the overdraft fee and I had to call "my branch" 500 miles away and speak to the bank manager to get it waived.

      Even since then, I am wary about trial deposits that might not be available for withdrawal when you are a new customer. Either their system doesn't see the micro deposits as available for withdrawal (due to new customer deposit hold times), or the withdrawal was processed before the deposits. I usually wait until the opening deposit shows as available, push money in via a bank that uses Plaid to verify, or use NFCU which doesn't use trials to avoid this situation.

      • I needed the microdeposits to verify the external account so I could make my initial deposit. So far I don't see an overdraft fee, but sometime those are assessed on the monthly statement.

  • applied for this 4 days ago and have heard nothing back so far...not even an e mail.

    • I did get an email thread going, but CSR told me yesterday it was no longer offered (but that I could open account without bonus). They haven't responded since I told them the webpage said otherwise. Even though I applied before they took it down, I am guessing they won't open new accounts under the offer after a deluge.

  • Strangest application process I have ever experienced; all Docusign and rather confusing.

  • DP:

    Opened in-state with very high number of Chex inquiries

    Opened 4/20/22
    $250 Vanguard Xfr 5/3/22
    $251 Vanguard Xfr 5/4/22
    $200 Bonus Posted 5/5/22

  • @will It looks like it's open to everyone. I emailed customer service on Saturday and got this response: "We open all types of accounts to customers in all states. We do not run a credit check but we run Chex Systems on all new customers"

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