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Offer at a glance
- Maximum bonus amount: $300
- Availability: KS & MO
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: No, but can fund up to $2,500 with a debit card
- Monthly fees: $8, avoidable
- Early account termination fee: Unknown
- Household limit: 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
