Offer at a glance
- Maximum bonus amount: $150
- Availability: Michigan and Ohio only, you need to open the account in branch. Branches in Bedford, Carleton, Dundee, Erie, Flat Rock, Ida, Lambertville, Milan, Northville, Petersburg, Plymouth, South Rockwood, Taylor, Temperance, Tecumseh, Trenton, and Wyandotte
- Direct deposit required: Yes, $250+
- Additional requirements: Bring in coupon
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $3, avoidable
- Early account termination fee: Six months, bonus forfeit
- Expiration date: December 31st, 2016
Contents
The Offer
No direct link to offer, sent via mail
- Receive a bonus of $150 from MBT when you do the following:
- Open any new checking account in branch, bringing in the card shown below
- Set up direct deposit of $250 or more within 60 days of account opening
The Fine Print
- Bonus will be deposited within 10 days of direct deposit being received
- Customer must not have been a signer on or owner of an MBT consumer checking account within the last 60 days.
- Direct deposit needs to be an electronic deposit of payroll, pension or government benefits (such as social security)
- You can only receive one new checking account related offer each calendar year and only one offer per account.
- If account is closed within six months of account opening, they will deduct the bonus at closing and the account will have an early closure penalty.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Basic Checking Account $3 Monthly Fee
There is a $3 monthly fee assessed to the basic checking account, this is waived if you do any of the following:
- Use your debit card for 10 transactions
- Set up Direct Deposit
- Make two or more automatic payments
Early Account Termination Fee
If account is closed within six months of account opening, they will deduct the bonus at closing and the account will have an early closure penalty
Our Verdict
Big thanks to reader, @Bue_PLT who let us know. Please consider sharing bank bonuses with this site so we can make it even better.
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- How To Use Our Direct Deposit Page For Bank Bonuses Page
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