Posted by William Charles on January 27, 2018
Bank Account Bonuses

Published on January 27th, 2018 | by William Charles

69

[IL, MN & WI only] Associated Bank $175 Checking + $100 Money Market (Direct Deposit Not Required)

Offer at a glance

  • Maximum bonus amount: $150 for checking, $100 for money market and $50 for credit card
  • Availability: IL, MN & WI only
  • Direct deposit required: Optional
  • Additional requirements: Three bill pays or a direct deposit of $300+
  • Hard/soft pull: Soft
  • ChexSystems: Unknown
  • Credit card funding: Up to $1,200 no American Express cards. 
  • Monthly fees: $11, waivable 
  • Early account termination fee: 12 months, bonus forfeit
  • Household limit: One
  • Expiration date: December 31st, 2017 December 31st, 2018 December 31st, 2019

The Offer

Direct link to offer

  • Associated Bank is offering a bonus of up to $300, broken down as follows:
    • $1750= when you open a new personal checking account
      • Make three payments using Associated Bank Online Bill Pay OR have at least one direct deposit of $300 or more within 45 days of account opening
    • $100 for opening a money market account with a minimum deposit of $10,000, must retain this balance for 90 days
    • $25 for opening a new Visa Bonus Rewards PLUS Credit card and making your first purchase

The Fine Print

  • $150 will be deposited into your account within 75 days of account opening after meeting the qualifications
  •  Account must be open at the time the bonus is paid and must remain open for a minimum of 12 months. If the account is closed within 12 months, Associated Bank reserves the right to deduct the monetary bonus from the account prior to closing.
  • Customers with an Associated Bank checking account in the last six months, joint owners on an existing Associated Bank checking account and Associated Bank colleagues are not eligible
  • Offer limited to one per household, cannot be combined with other offers and is subject to change (at Associated Bank’s discretion) at any time without notice.
  • A minimum opening deposit of $10,000 is required to receive the bonus and at least such amount must remain on deposit for 90 days to receive the bonus.
  • Deposits from existing accounts do not qualify; funds must be from outside of Associated Bank.
  • $100 bonus will be deposited into money market accounts within 120 days of account opening.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Checking Account

There is a $11 monthly maintenance fee which is waived if you meet any of the following requirements:

  • $1,000 minimum daily balance
  • $2,500 in combined deposits
  • Direct deposits combining $500 or more per month
  • Under the age of 24 and enrolled in paperless statements.

Money Market Account

This account has a $16 fee that is waived with a $1,000 minimum monthly balance.

Early Account Termination Fee

There is no early account termination fee, but the account needs to be open  for 12 months or the bonus is forfeit.

$50 Referral Bonus

You can also refer friends if you visit here. You’ll receive $50 Visa gift card per person you refer and they should still be able to sign up for the $150 bonus (if anybody successfully does this, please confirm). Feel free to share your referral links in the comments, but make sure you also let us know some useful information (e.g soft pull/credit card funding etc etc) or your referral link will be removed.

Our Verdict

The $150 checking bonus has been around for some time. That is definitely worth doing, let’s see if the money market account is or not.

  • You need to keep a $10,000 balance for 90 days to trigger the bonus
  • Then you need to keep $1,000 in there for another 9 months to avoid the early account termination fee (forfeiting the $100 bonus)
  • Account earns at 0.05% APY

If you put the $10,000/$1,000 into a 5% account you’d be ~$160 anyway so I don’t think the money market account is a great deal. Might be useful to some people that have already maxed out the easy 5% accounts though. You can view the best high interest accounts here and the best checking bonuses here.

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

Useful posts regarding bank bonuses:



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Corey Hansen
Corey Hansen

http://bit.ly/2qB9AeE
Here is my referral link for $150 checking bonus, my ach transfer from credit union counted as direct deposit and received bonus within a week.

Thanks

Corey Hansen
Corey Hansen

Also I signed up using a friends referral link and you still receive the $150 bonus

Jeff
Jeff

Since this is a Midwest related post, but still OT: I can’t locate the MI Lottery Promo page anymore. I click on my saved page and keep getting a 404 Error. I relied on that page and followed the comment section to see when the next deal may come out but can’t anymore 🙁 Is there a new page?

Jeff
Jeff

No response? Site is going downhill if can’t even get a response.

adam d
adam d

Going from 3 months in the past to 12 months now for only a $150 bonus on checking is pretty big change as far as being a a PITA with the $500 DD needed monthly…I think its only worth it if you dont mind parking $1000 in it for a year, I did it before and closed at 4 months, Ill probably pass this time, $150 isnt worth the time needed when most other banks have higher bonuses and much shorter terms.

Darv
Darv

The 12-month maintenance requirement is perhaps a deal killer for me/us. We had done several of these over the past couple years and actually this bank is good, website/support is good. Anybody initiate transfers from this bank? I never looked or tried if they even offer it. Account opening process has always been smooth and if you draw to zero, can close via chat.

Corey
Corey

Ach bank transfer counts as direct deposit and you still get the $150 bonus using the referral link. Here’s my referral link http://bit.ly/2qB9AeE

Thanks

Luke
Luke

Looks liked they changed the terms on the other promos as well. Badger150, Wild150 etc…

Ryan
Ryan
adam d
adam d

This one doesn’t have the 12month bonus clawback? “Exclusions apply, see associate” is that their wiggle-room?

adam d
adam d

Just applied the new Wild promo is 3500, this old term promo is 3300 so I think were good as far as AB can see which promo was which, if the old and new terms had same promo I would skip.

adam d
adam d

Old term promo is 3333, not 3300

EBF
EBF

Data point: I used this link and got the bonus. Opened on day 62 after closing my previous account. If anyone wants to try for the extra referral bonus, please use my link! http://bit.ly/2qDaQht

So, I believe the steps would be: Register for the referral bonus then apply using one of the current $150 bonus links. Use the same email address for both!!

joe
joe

Is it illegal to sign up for a bank account of a state you used to live in and hold an expired drivers license for?

EBF
EBF

If you intend to use you old DL in the application, you will need to put in the expiration date. A date in the past will likely not be accepted.

EBF
EBF

To be clear, I used the link Ryan posted.

Gan
Gan

Here is my referral
http://bit.ly/2syGHV0

Gadget
Gadget

If anyone is interested in this bonus, here is my referral code:

http://bit.ly/2eUxOwk

I will be keeping my checking account open until at least 8/18/18, so please feel free to use my code.

This $150 checking bonus is great because it doesn’t require the DD – three bill pays does the job. I opened my account on 8/18, and got my bonus today, 9/12. I did a few random bill pays ranging from 10 – 150 bucks, but really don’t think it matters as long as you do three.

The annoying part is having to keep the account open 12 months or give back the bonus, which was something new they implemented this year. I did this same bonus last year when it did not have that clause. I plan to keep the checking account fee free by having a monthly DD, and then just using their bill pay to spend the money back out each month. They use the same bill pay interface most other banks use, which is backed by Fiserv, I believe. They are quick and easy to use. I like that you can add a credit card bill with only using only the number off the front of your (major) CC. You don’t have to wait to get the exact address off the CC bill.

Associated did not pull my Chex when I applied this time, nor EWS, I assume because I had an account the year prior when they did pull Chex. YMMV. They did offer me a CC as part of the app process, and I did verify no hard pull was done, but I did not accept the CC. They do accept out-of-state applications while in branch – just told them I was visiting family and the local account would be useful.

Joe
Joe

I used Gadget’s referral link. Funded $200 with Bank Of America cash rewards visa. Spread the love! Would appreciate if you register under my link, and then open your account. $50 Visa gift card for each of us.

http://bit.ly/2x38JtM

Thanks!

EO
EO

I used Joe’s link. Here is my referral link for $50 visa gift card for both of us, plus the 150 bonus. Thanks in advance.

http://bit.ly/2ylaLGW

BW
BW

I don’t think this link is eligible for the $150, it doesn’t say anything about it.

EO
EO

After you sign up for this referral, you then sign up for the bonus linked here. As long as your name and email match, you’ll get both the $150 bonus and the $50 referral.

BW
BW

Oh I see. Did the bank confirm this?

Joe
Joe

Hey! Wondering if you received your referral gift card yet? I received mine from using a link, wondering if you received yours for using mine, or if mine got lost in the mail ;/. thanks for your reply

EO
EO

I have not received it, no. I did receive the standard $150 bonus though. I’ll update you when/if I do receive it.

Joe
Joe

cool, thanks. It’s the same company that does the Regions referral cards as well. I referred a legitimate friend there and it took almost 2.5 months for each of us to receive so they do take a long time!

Joe
Joe

Any update? I’m missing 2 others from a couple old roommates, I’m about to email ReferLive to see what’s up. Reply and I can give you an email we can discuss.

EO
EO

I received my $50 Visa card today, FYI.

BW
BW

Got a message saying I need to apply in branch. Bummer

Vince Wang
Vince Wang

agree

Michael Nelson
Michael Nelson

Can i use online bill pay to pay off credit cards to get the bonus?

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