Posted by William Charles on June 2, 2019
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Published on June 2nd, 2019 | by William Charles

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[Expired] [IL, In Branch only] Byline Bank $325 Checking & $125 Savings Bonus

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

Offer at a glance

  • Maximum bonus amount: $450
  • Availability:  In branch only, all branches are in IL
  • Direct deposit required: Yes, for full bonus. Minimum of $1,000
  • Additional requirements: None
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: $0-$3
  • Early account termination fee: $25, six months
  • Household limit: None listed
  • Expiration date: December 31st, 2019

The Offer

Direct link to offer

  • Byline bank is offering up to $450 when you open personal accounts. Bonuses are as follows:
    • Up to $325 when you open a checking account. Bonus is broken down as follows:
      • $25 when you enroll in eStatements within your first statement cycle
      • $75 when you make at least 10 debit card transactions per cycle during the first three statement cycles ($25 bonus per cycle)
      • $75 when you direct deposit at least $1,000 into your account in the 2nd, 3rd and 4th statement cycles ($25 bonus per cycle)
      • $150 bonus when you maintain an average monthly balance of $2,500 for the first three statement cycles ($50 bonus per cycle)
    • $125 personal savings bonus when you maintain an average monthly ledger balance of $2,500 per statement cycle ($25 bonus per cycle for up to five statement cycles)

The Fine Print

  • Offer valid until December 31, 2019. Byline Bank reserves the right to change or terminate this offer at any time.
  • Social Security Number or ITIN required.
  • Customers who currently have, or have had the same personal account type with Byline in the past 12 months are ineligible for bonus.
  • Bonus will be deposited into your newly opened account within 30 days of bonus qualification, per qualifications listed below. B
  • onus will be listed on your statement as a rebate and may be tax reportable.

Avoiding Fees

Monthly Fees

Freedom checking has no monthly fee to worry about. Statement savings has a $3 monthly fee if the balance requirement of $200 is not met

Early Account Termination Fee

There is an early account termination fee of $25 if the account is closed within six months according to the fee schedule.

Our Verdict

Last year they offered a $200 bonus. This is a much bigger bonus and the requirements are fairly similar. This one should be worth doing if it’s a soft pull to open and as you need to open in branch it should be possible to ask if it’s a soft pull before opening. There is also a $1,200 business bonus as well. If you go for this bonus then please share your experiences below.

Useful posts regarding bank bonuses:



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Jerry
Jerry

Gahh I wished I lived in IL!

Charles Mann
Charles Mann

I really don’t think you do, working people are leaving the state in DROVES!

Adam d
Adam d

Common statement from someone who doesn’t live in illinois*

Charles Mann
Charles Mann

I’m not so sure I want to sit through the entire process only to find out it’s a hard pull…Wish I knew before I went into one of their branches.

Gene
Gene

Hard pull? ouch…

AlexG
AlexG

No hard pull, did it this morning.

Brandon
Brandon

Anybody know if byline is Chex sensitive??

EO
EO

See the business checking thread for two very different dp’s. I was approved even though my Chex report is 20 pages long, but someone else reports being denied for too many recent inquiries. So who knows?

Tommyboy
Tommyboy

For the personal account I was denied today for too many recent inquiries. Chex.

syd
syd

how many accounts have you opened over the last 6 months? I have to drive two hours to get to a branch, so it would help to know the likelihood of rejection.

Dayn_Perrys_Vape
Dayn_Perrys_Vape

William Charles

Fine print says $200 minimum balance to avoid $3 fee on savings

Dan
Dan

Anyone out of state tried opening this?

J
J

I would have been able to open out of state at a branch, but I was declined for too many Chex inquiries (I’ve opened a lot of accounts this year).So they are Chex sensitive in branch.

Pavel
Pavel

Same thing.

Bikini Patrol
Bikini Patrol

I opened this account in branch this year and only opened maybe 3 or 4 accounts over the last 12 months but more like 15 since the beginning of 2018 regardless I had no problem getting approved. Don’t know how to check if they are Chex system sensitive. I typically used my Schwab brokerage account to trigger direct deposits has anyone had success using Schwab with this bank!?!? also now that circle is shutting down is anyone aware of sites similar to circle that enable you to make “charges” on a debit card that you can just transfer back to you bank account? ( I live in IL)

syd
syd

so direct deposit in the 1st, 2nd, 3rd statement cycles won’t count?

Miya
Miya

Per the banker I spoke with over phone today, this offer expired last week (Aug 9).

King Kong
King Kong

Needed proof of WI/IL address in branch

ashely
ashely

how much should I keep to avoid monthly fee for saving account?

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