[Expired] [IL & In Branch & $125 BankFinancial Checking & Savings Bonus

This offer has expired, view the best current checking bonuses by clicking here.

Offer at a glance

• Maximum bonus amount: $125
• Availability: In branch only, all branches are in IL. [Branch locator]
• Direct deposit required: Yes, $250+ for the first three full statement cycles
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: $7, avoidable
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: November 30th, 2018

The Offer

Direct link to offer

• BankFinancial is offering a bonus of up to $125. Bonus is broken down as follows:
  • $50 when you open a new everyday checking account and do the following:
    • Deposit at least one direct deposit transaction of $250 or greater within each of the first three full statement cycles
    • Maintain a minimum daily balance of $1,000 for 90 days from the initial date of deposit
  • $50 when you open a new savings account and maintain a $150 minimum daily balance for 90 days from the initial date of deposit
  • $25 when you pay at least two bills of $25 or more during each of the first three full statement cycles

The Fine Print

• Checking offer is available to new BankFinancial customers or previous customers that have not had an account within the last 6 months.
• New customers are subject to approval with no adverse account activity in previous 6 months.
• To receive the $50 checking bonus: 1) Open a new Everyday Checking account with direct deposit. Minimum daily balance = $1000. Minimum deposit to open = $100.
• 2) Deposit at least one direct deposit transaction of $250 or greater within each of the first three full statement cycles.
• 3) Account must maintain the minimum daily balance requirement for 90 days from the initial date of deposit. After completing the above checking requirements, we’ll deposit the bonus in your new checking account within 120 days from the account opening.
• To receive the $50 savings bonus: 1) Open a new Everyday Savings account with new money within 30 days of opening the new checking account. Minimum daily balance = $150. Minimum deposit to open = $50. 0.15% Annual Percentage Yield (APY) is accurate as of 9/13/18 and is subject to change without notice. Interest rates may vary after account opening. Minimum balance of $150 or more is required to obtain the APY and must remain on deposit for one year to receive stated APY. Fees may reduce earnings. 2) Account must maintain the minimum daily balance requirement for 90 days from the initial date of deposit. After completing the requirements, we’ll deposit the bonus in your new checking account within 30 business days. To receive the $25 online bill pay bonus: the new customer must pay at least two bills of $25 or more using the BankFinancial online bill payment service during each of the first three full statement cycles. After completing the online bill payment requirement, we’ll deposit the bonus in your new checking account within 120 days from checking account opening.
• You can receive only one new checking, savings account opening and one online bill pay related bonus each calendar year.
• Bonuses will be reported on IRS Form 1099-MISC.All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Everyday checking has a $7 fee, this is waived with:

• $10,000 minimum daily balance
• $15,000 minimum daily relationship balance
• $15,000 minimum loan relationship balance

Early Account Termination Fee

I wasn’t able to find a fee schedule so I’m unsure if there is an early account termination fee or not.

Our Verdict

Difficult to keep the account fee free and there are a lot of requirements to get a relatively small bonus as well. Personally I think this one is simply just not worth the effort and that’s before taking into account the need to open the account in branch and the fact we don’t know if it’s a hard or soft pull. I won’t be adding this to our list of the best bank bonuses.

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• Introduction To ChexSystems
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