[Expired] [IL & In-branch only] Bridgeview Bank $200 Checking Or Savings Bonus

Bonus has expired and is no longer being offered. View more bank account bonuses by clicking here.

Offer at a glance

• Maximum bonus amount: $200
• Availability: IL only, in branch only [Branch locator]
• Direct deposit required: Yes, no minimum specified (for checking bonus)
• Additional requirements: See below
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: None
• Monthly fees: $8, avoidable
• Early account termination fee: 180 days, $25 and bonus forfeit
• Household limit: One
• Expiration date: December 31st, 2018

The Offer

Direct link to offer

• Bridgeview Bank is offering a bonus of $200 when you open a checking or savings bonus.
  • Open a new checking account and receive a bonus of $200 when you receive a qualified recurring direct deposit by January 31st, 2019 (must have recurring direct deposit for 180 days or bonus is clawed back)
  • Open a new savings account and receive a bonus of $200 when you deposit $10,000 or more by December 31st, 2018 (deposit must be maintained for 180 days or bonus is clawed back)

The Fine Print

Checking bonus: 

• $200 bonus offer is redeemable for new personal checking accounts opened by 12/31/2018, and may be withdrawn at any time.
• One bonus per household.
• Account must be opened in person at any Bridgeview Bank location.
• Offer not available to existing Bridgeview Bank checking customers, or those who have closed checking accounts within 180 days.
• A $100 Minimum Opening Deposit and a “Qualified Direct Deposit” credited by 1/31/2019 is required to obtain bonus.
• A qualified direct deposit is an electronic deposit into this account from the U.S. government or your employer on a recurring basis, at least monthly.
• Bonus will be deposited into your new account during the first complete statement cycle after direct deposit is credited.
• Account must remain open with direct deposit for at least 180 days or Early Closure Fee of $25 and the $200 bonus will be debited at closing.
• Fees may reduce earnings. Bonus is not part of opening deposit and will be reported as interest on IRS Form 1099-INT.
• Message, data, and/or internet service provider rates may apply.

Savings bonus: 

• Offer for $200 bonus is redeemable for new or existing personal savings account deposits of $10,000 or more made by 12/31/2018, and may be withdrawn at any time.
• Money Market Accounts do not qualify
• . One bonus per household.
• Deposit must be made in person at any Bridgeview Bank location.
• All deposits must be new funds (new funds are considered funds not on deposit in any account at Bridgeview Bank within the last 180 days).
• Offer not available to those who have closed savings accounts within 180 days. Bonus will be deposited into the account during the first complete statement cycle after the $10,000 deposit is made.
• $10,000 must remain on deposit for at least 180 days or Early Closure Fee of $25 and $200 bonus will be debited from account upon withdrawal.
• Fees may reduce earnings. Bonus will be reported as interest on IRS Form 1099-INT. Message, data, and/or internet service provider rates may apply.

Avoiding Fees

Edge Checking $8 Monthly Fee

This has a $8 monthly fee that is waived if you do any of the following:

• Have a minimum balance of $250
• 4 debit card transactions
• Receive a direct deposit of $300+

Savings Account

I believe the statement savings account has no monthly fee

Early Account Termination Fee

You need to maintain the recurring direct deposit or the $10,000 deposit for 180 days otherwise the bonus is clawed back and an early account termination fee of $25 is charged.

Our Verdict

Best bonus has been $200 + $50 donation to charity. I’m pretty sure you can either do the checking or savings bonus but not both but I might be wrong about that. They are very strict on the direct deposit requirement, so I wouldn’t consider the checking bonus unless you can change your government benefits or payroll. The savings bonus requires putting $10,000 in for half a year and the APY on the savings account is 0.05%, if you put that into a basic savings account earning 2.25% APY the opportunity cost is $110.  They also have a 5% APY account, but you can only fund it with coins.

Overall both the checking & savings bonuses are OK, but neither are anything that special considering that 180 day requirement. I will be adding this to the best checking/savings bonus but neither will be high on the list.

Big thanks to reader, AllwaysLearning22 who let us know. Learn how to find bonuses and contribute to the site here.

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