Posted by William Charles on October 24, 2018
Bank Account Bonuses

Published on October 24th, 2018 | by William Charles


[IN, IL, WI only] Marine Bank $250 Checking Bonus (Update)

Update 10/24/18: Reposting as we now know it’s a soft pull to open. I also had this listed as IL only before, but they have branches in IN & WI (and not in IL). I’m guessing it also works in IL based on people successfully applying when I had the wrong state listed? Looks like it’s available in IL as well.

Offer at a glance

  • Maximum bonus amount: $250
  • Availability: IN, WI, IL only
  • Direct deposit required: Yes, no minimum specified
  • Additional requirements: eStatements & 12 debit card transactions
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown (sensitive)
  • Credit card funding: None
  • Monthly fees: None
  • Early account termination fee: Six months, $75
  • Household limit: None listed
  • Expiration date: November 2nd, 2018 November 30th, 2018 December 31st, 2018

The Offer

Direct link to offer

  • Marine Bank is offering a bonus of $250 and an APY of 2%. To receive the $250 bonus you must meet the requirements for the 2% APY for two consecutive months after account opening. Requirements are as follows:
    • Set up e-statements through online banking,
    • Establish a monthly direct deposit and
    • Perform 12 debit card purchases

The Fine Print

  • $250.00 bonus offer limited to new Acceleration Checking accounts opened between 9/17/18 and 11/2/18.
  • To receive the bonus Acceleration Checking “qualifications” must be met the first two consecutive months after account opening.
  • Cash bonus will be deposited into the account following the third statement cycle by the 10th of the month. Cash bonus considered income and reportable on IRS Form 1099-INT.
  • Customer must set up e-statements through online banking, establish a monthly direct deposit and perform 12 debit card purchases each month to “qualify” and receive tiered rates and ATM surcharge refunds up to $12.
  • Transactions may take one or more business days to post and clear the account.

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

Accounts closed within 6 months of opening date are subject to a $75.00 closing fee

Our Verdict

The 2% APY rate isn’t interesting as there are a high yield savings accounts that offer higher rates with no requirements. The $250 bonus is nice and worth doing if you live in an eligible area. I’ll be adding this to our best bank bonus page. If anybody decides to go for it then please share your experiences in the comments below.

Useful posts regarding bank bonuses:

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Approved. No credit card funding option.

Just applied. No hard pull. Their system is very old fashioned.

You know where to find the account number so we can open online banking?

I was put into witness protection 3 years ago. In the process I got a new last name and SSN. Well I used to live in IL so I used my old SSN number and address with this account and instantly was approved. Should be an easy bonus. Thanks doc!

Uhhh, the Feds told you it was ok to utilize your old SSN/address if a juicy bank bonus came up? I hope the risk is worth whatever your witness protecting yourself from…

lol @ risk management.

Wow that’s epic for churning. I’m lucky to have P2, but you have P1.1.


It appears that there is one branch in IN and 2 in WI as well…

IN – Clearwater
WI – Brookfield
WI – Elm Grove

I suspect people around those areas or perhaps in those states may also be able to open.

Going for this one, I got approved. Spouse was “referred” and it said they would reach out. Not sure why it was different for her. Mentions a signature card needing to be turned in but there’s no document to print. Maybe they will mail it. The language made me nervous but there doesn’t seem to be a hard pull.

Also got “referred” boooooo.

You in IL Dr Toad?

Of course not, don’t be silly. Doesn’t bode well for out of state attempts.

Official denial reason: Chex. At least I have a lot of diversity in my Chex report…no mention of being out of the service area, but probably not worth attempting since if you are chasing out of state, your report is likely as diverse as mine.

Update: ChexSystems denial came by email today. It mentioned EWS as well. I’m guessing we’re all screwed here on that account. I don’t know my exact Chex number but it’s probably 5+/12.

Oh well, win some lose some.

What have people been using as their direct deposit source? anyone know of Schwab brokerage works?

For those of you that were able to successfully open an account, are you located in Illinois or were you out of state? TIA…

Opened. I live in Illinois, Chicago. No cc funding allowed

… apparently not. Acct app was rejected two days later due to Chex. I reckon ~12-14 accts opened in the past 12 mos

Chicago, IL

Are you sure this is IL only? The landing page doesn’t have that restriction. Their “about us” page only mentions branches in WI and IN.

When you hit the link, the first thing it asks for is your zip code. If your zip is eligible it then asks which branch is most convenient for you. There are 8 branches in IL, 2 in WI, and 1 in IN.

denied for chex a day later ugh…im IL too..guess theyre just sensitive

Same for me. In IL (not near branch) but denial based on Chex. I’m lol/24.

Same for me. IL. Denied on Chex. Not many accounts in last year, probably 3-4.

If you choose to print out the employer direct deposit form you can get the routing and account numbers…

IN account approved.

Anyone know what counts as a DD for this bank?

Do those getting approved live near a branch? I put in my IN zip code (no branch within 150 miles) and said no product available. I then inputted the Clearwater IN zip code where there is a branch and it hard coded it on my application. No way to change it and put in my correct zip code. Wondering about a workaround?

I live 70 miles away from the nearest branch and was approved.

I’d venture that this is available in IL, IN, and WI. Account app opens to CIBM bank ( which has branches, under the names of Central Illinois Bank, Marine Bank, and Avenue Bank, in all 3 states: [Central IL] [Central IN/Milwaukee, WI] [Chicago, IL]

Apps to each of these banks open using the same CIBM interface. They all offer a $250 bonus right now on their home pages (fine print says Accelerated Checking limited to 1 per SS#), but if you’re location eligible, Avenue Bank is offering 3% APY with seemingly the same requirements and could be the better account to open, if you’re interested in it.

I opened an acct and live in Chgo; hope I get the bonus.

Declined due to Chex sensitivity.

I have about 80 accounts in the last 2-3 years.


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