[IL, FL, WI, IN only] Wintrust Bank $300 Checking + $200 Savings

Update 2/10/24: Extended through 1/29/25

Update 7/4/23: Extended through January 31, 2024.

Update 3/25/23: Extended until 6/30/23.

Update 1/23/23: Deal has been extended until 3/31/23.

Update 1/2/2022: Deal has been extended until December 31, 2022.

Update 10/8/20: $200 savings bonus also added.

This is available in a lot of states. To find the link look at this PDF to find a location near you. Then use this link to find the relevant website. Then add ‘/community.html’ to the end of the URL. For example some other states:

• WI: Town Bank
• IL: WinTrust
• IN: Dyer Bank & Trust
• FL: WinTrust Florida

Hat tip to Gadget

Update 5/8/20: Looks like it’s now available in FL as well. Hat tip to reader christian

Offer at a glance

• Maximum bonus amount: $300
• Availability: IL & FL, IN & WI only [Branch locator]. Must also be a U.S. Citizen
• Direct deposit required: Yes, $500+ for two consecutive months
• Additional requirements: eStatements
• Hard/soft pull: Soft pull
• ChexSystems: Yes
• Credit card funding: None
• Monthly fees: None
• Early account termination fee: None
• Household limit: None
• Expiration date: September 30th, 2019 None listed 12/31/20  12/31/2021

The Offer

Direct link to offer: IL | FL | IN | WI

• WinTrust Bank is offering a bonus of $300 when you open a new total access checking account and complete the following requirements:
  • Enroll in online banking
  • Activate eStatements
  • Complete monthly direct deposits totaling $500 or more for two consecutive months after the first calendar month your account is opened
• Open a statement savings account when you deposit $15,000 or more during the month of account opening and maintain it for three months after the initial month the account is opened in

 

 

The Fine Print

• This Total Access Checking account bonus offer is not available to existing or closed checking account customers of Wintrust Financial Corporation and its subsidiaries (WTFC) or its active employees.
• Limit one bonus payment per customer, regardless of the number of accounts opened.
• If you qualify for this Total Access Checking account bonus offer, you are ineligible to receive this Total Access Checking account bonus offer from any other WTFC location.
• If you qualify for any other WTFC savings offer it may be combined with this Total Access Checking account bonus offer.
• Your new account must be open, in the same product, and have a balance greater than zero to receive the bonus payment.
• The $300.00 bonus payment is subject to IRS 1099-INT reporting and may be considered income for tax purposes for the tax year in which the bonus was paid.
• Bonus Qualifications.
  • (i) Open a new Total Access Checking account from July 1, 2019 through September 30, 2019;
  • (ii) Open a Total Access checking account via this website page https://www.wintrust.com/tac;
  • (iii) have monthly occurring direct deposits totaling $500.00 each month made to your new account for 2 consecutive calendar months after the calendar month your new account was opened (qualification period); and (v) enroll in online banking and active e-statements within the Qualification Period.
• 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 or remote deposits, wire transfers between accounts at WTFC, external transfers from other accounts at other financial institutions at ATM/debit card transfers.
• After you have completed all the above bonus qualifications, we will deposit the bonus payment into your new account within thirty (30) calendar days after the Qualification Period.

Avoiding Fees

Monthly Fees

This account has no monthly fees, according to the fee schedule a reader sent us

Early Account Termination Fee

There is no early account termination fee.

Our Verdict

Previously the best offer we have seen has been $100 and another $50 for opening a savings account, so this bonus is significantly better. This bonus is definitely worth doing as it’s nice big bonus and the requirements aren’t too difficult to meet. Because of that we will add it to the best checking bonus page.

Hat tip to reader youngestofallthebuck

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times

Post history:

• Update 4/6/20: Savings bonus is no longer being offered.
• Update 11/9/19: There is now a $200 savings bonus as well. Hat tip to reader Matthew R
• Update 10/6/19: Deal has been extended, there is no longer any expiration date listed.