Offer at a glance
- Maximum bonus amount:Â $300
- Availability:Â KS & MO
- Direct deposit required:Â No
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â $8, avoidable
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date: July 31, 2025
Contents
The Offer
- Bank Midwest is offering $300 when you open a new checking account and complete the following requirements:
- sign up for online and/or mobile banking;
- have 5 or more debit card transactions per month for 3 consecutive months (excluding ATM withdrawals);
- have $500 in deposits for 3 consecutive months to the new account by November 30, 2025
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has a $8 monthly fee. This is waived with any of the following:
- Simply have deposits totaling $500 or more each statement cycle into your Everyday Checking account OR
- Be 25 years of age or under OR
- Be 65 years of age or older
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Great deal considering there is no direct deposit required. Just need to know if it’s a hard or soft pull to open.
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
Quickest denial ever.
OOS?
OOS for this one?
In footprint, actually had an account here years ago. Applied online, received rejection email a few minutes later. I’ve open over 16 new accounts YTD. No hard pull, but chex was pulled.
I’m in KS and was thinking about applying, but if they’re Chex-sensitive then I won’t bother.
How far are you from Kansas city? Arvest is doing a bank promo but you need a referral.
I’m 15 minutes outside KC and might be interested. What is the Arvest promo (I’m seeing $150 online, but curious what the referral offer is)?
It’s $50 for each of us. Where is this $150 offer?
https://www.arvest.com/150bonus
Fine print says you have to have a mailer with your address on it. Also you need a qualifying direct deposit.
Fine print says you have to have a mailer with your address on it. Also you need a qualifying direct deposit.
The promo I have, I assume you just needed to sign up
I’m about 20 minutes away from KC, what is the referral offer?
Are you asking for the code or link? The offer is if you use my code, you get $50 and I get $50. You said something about a promo. I did not find any $150 promo. Arvest rarely gives out any decent promos.