[Expired] [NE] Midwest Bank $200 Checking Bonus, Direct Deposit Required

Deal has ended, view more bank account bonuses by clicking here.

Update 9/14/24: Deal is back until December 31, 2024. Hat tip to ShawntheShawn

Update 12/28/22: Now good through December 31, 2023.

Update 7/3/22: Deal is back and good through December 31, 2022.

Offer at a glance

• Maximum bonus amount: $200
• Availability: NE, seems to be available in branch only [Branch locations]
• Direct deposit required: No, ACH deposit is required though
• Additional requirements: None
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: $25, 90 days
• Household limit: None listed
• Expiration date: December 31, 2022

The Offer

Direct link to offer

• Midwest Bank is offering a bonus of $200 when you complete the following requirements:
  • Receive one ACH deposit of $500+ within 3 months of account opening

The Fine Print

• $200 will be deposited after 90 days of account opening if the account has received one ACH deposit of $500 or more in each of the first 3 months of the account being open.
• $200 will appear as interest income on current year 1099-INT statement.
• $100 minimum deposit required to open the account.
• Offer expires December 31, 2021.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

They offer a My Design Checking account with no monthly fees depending on the features you choose.

Early Account Termination Fee

There is a $25 fee if closed within 90 days according to the fee schedule.

Our Verdict

Seems like a good bonus if you live near a branch. As you need to open in branch you should be able to check if it’s a hard or soft pull before opening.

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• PSA: Don’t Call The Bank
• Introduction To ChexSystems
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• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
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