This bonus has expired and is no longer being offered. Click here to view the current best bank account bonuses.
Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â In branch only, all branches are in MO [Branch locator]
- Direct deposit required:Â Yes, no minimum specified
- Additional requirements:Â Opening deposit of $1,000+
- Hard/soft pull:Â Soft
- ChexSystems: Unknown
- Credit card funding:Â None
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:Â None listed
The Offer
- Midwest Regional Bank is offering a bonus of $100 when you open a new checking account and complete the following requirements:
- Open with at least $1,000
- Receive a qualifying monthly direct deposit
The Fine Print
- A qualifying direct deposit is an electronic credit of your salary, Social Security, pension or other regular monthly income deposited to your account by your employer or an outside agency
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
The progress checking account does not have any monthly service fees to worry about. I wasn’t able to find any fee schedule so I’m unsure if there is any early account termination fee or not.
Our Verdict
Not really worth considering for most people due to the small bonus, it requiring opening in branch and also a direct deposit. If anybody does go for it, please share your experiences and datapoints below. I won’t be adding this to the best checking bonuses.
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- Introduction To ChexSystems
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