Posted by William Charles on September 29, 2018
Bank Account Bonuses

Published on September 29th, 2018 | by William Charles

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[OK, AZ only] MidFirst Bank $150/$200 Checking Promotion

Bonus is back and valid until December 31st 2018. Hat tip to reader amz.

Reposting as it’s available in AZ as well and the bonus in AZ is $200 instead of $150. Thanks to reader DFG

Offer at a glance

  • Maximum bonus amount: $150/$200
  • Availability: Promotional offer available in Oklahoma/Arizona area banking centers only [Branch locator]
  • Direct deposit required: Optional
  • Additional requirements: See below
  • Hard/soft pull: Soft
  • ChexSystems: Unknown
  • Credit card funding: Unknown but unlikely in branch
  • Monthly fees: $6, avoidable
  • Early account termination fee: 90 days, bonus forfeit
  • Household limit: One
  • Expiration date: July 31st, 2018 December 31st, 2018

The Offer

Direct link to offer for OK | Direct link to offer for AZ

  • For OK: MidFirst Credit Union is offering a bonus of $150 when you open a new M checking account account and complete the following requirements:
    • Complete two of the following requirements:
      • Set up a $250 minimum monthly recurring direct deposit into new checking account (must be met in two consecutive calendar months to meet requirement);
      • complete 20 debit card purchases (multiple swipes for the same purchase amount at the same merchant do not qualify, ATM transactions are not eligible);
      • complete three electronic payments either through online Bill Pay or ACH using your checking account. Bill payments must be paid to another party with a different mailing address than the primary Bill Pay account holder.
  • For AZ:
    • MidFirst Credit Union is offering a bonus of $150 when you open a new M checking account account and complete the following requirements:
      • Complete two of the following requirements:
        • Set up a $250 minimum monthly recurring direct deposit into new checking account (must be met in two consecutive calendar months to meet requirement);
        • complete 20 debit card purchases (multiple swipes for the same purchase amount at the same merchant do not qualify, ATM transactions are not eligible);
        • complete three electronic payments either through online Bill Pay or ACH using your checking account. Bill payments must be paid to another party with a different mailing address than the primary Bill Pay account holder.

 

The Fine Print

  • Promotional offer available in Oklahoma area banking centers only, and is not available to existing MidFirst Bank checking customers, or those whose accounts have been closed within one year or closed with a negative balance.
  • Must be 17 or older.
  • Promotional offer valid for accounts opened 5/15/2018 through 7/31/2018.
  • One new promotional account per household.
  • Offer must be mentioned at account opening to qualify and all accounts are subject to approval.
  • Go! Checking, Sooner Checking, Sooner Solution Checking, Broncho Checking and Broncho Solution Checking accounts are not valid for this offer.
  • $100 minimum opening checking deposit required to open account.
  • Opening deposits may not be transferred from an existing MidFirst account.
  • To receive the $150 promotional offer, two of the three requirements below must be completed within 90 days of new account opening: 1) Set up a $250 minimum monthly recurring direct deposit into new checking account (must be met in two consecutive calendar months to meet requirement); 2) complete 20 debit card purchases (multiple swipes for the same purchase amount at the same merchant do not qualify, ATM transactions are not eligible); OR 3) complete three electronic payments either through online Bill Pay or ACH using your checking account. Bill payments must be paid to another party with a different mailing address than the primary Bill Pay account holder. Accounts closed within 90 days of opening are not eligible for this promotion, may be subject to an account closing fee, and may forfeit the amount equal to the promotional account credit received.
  • After you have completed two of the three requirements, we will deposit the account credit into your new checking account within 30 calendar days.
  • Account must be open, active, and in good standing at the time of account credit.
  • New checking customers will receive a 1099-INT or applicable tax form for the value of the promotional account credit received. Annual percentage yield (APY) is based on account type, relationship tier, and deposit amount.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

The M checking account required for this bonus has a $6 monthly fee, this is waived with a  $250 or more monthly recurring direct deposit or $1,000 minimum average daily balance

Early Account Termination Fee

Account must be kept open for 90 days to avoid any early account termination fee.

Our Verdict

There is an open online button on the page, but it isn’t clear if you can actually open online to get the bonus or not. Last time it was available for those in AZ as well as OK. It is a bonus worth doing due to the lack of the direct deposit bonus and the fact that the debit card/bill pay requirements should be easy to complete. We will be adding this to our list of the best checking accounts.

Big thanks to reader, BG who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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Change the “ok” to “az” in the web address to find the Arizona promo

Dont see where to input promo code online. Afraid they will open it without if i continue…

Looks like they only have branches in the Phoenix area in AZ. I live in Tucson, about an hour and a half drive away. Anyone know if they will open the account? I’d hate for them to pull Chex and then deny me because of my location.

Can’t speak for AZ but opened mine in branch with a breeze here in OK

Know it is a bit late, but figured I should post for potential future Midfirst bank offers data. Applied online via link, live in OK, does not give you a field to apply promo. Called Midfirst a few weeks later, and told me promo was not applied by using weblink. They will look into still applying it to my account though.

Any updates on this?

Worked for me in OK with online sign up and no DD. Made 3+ bill payments and 20 debit card transactions, $150 posted a few days later.

Closed yesterday in branch after waiting for 90+ days. No fees.

The offer is available again through 12/31/2018

https://www.midfirst.com/q4_2018_ok

I did it last time and got my $150. Opened in branch.

This bonus is super easy. I applied online through the link and the promo code was applied. Did Amazon reloads and paid 3 partial bills for $5-10. It posted quickly afterwards.

any CC funding?

Doesn’t appear to be the case. At the funding page, the only option I got is to fund from another bank account.

Are you in OK or AZ?

AZ DENIED – 670 subsets – no assets, time at address, too many checking account inquiries (~20 2018)

Can the bill pays be to the same company or do they all need to be different?

Opened this account 2 weeks ago, still nothing in the mail and no account number/routing number to get started with the requirements.

Called in, won’t give information over the phone other than routing number. Would have to drive 100+ miles to the nearest branch office to get information that they take their time to mail out in order to prevent you from fulfilling the requirements.

My $100 initial deposit is still sitting unavailable, as well.

TWO WEEKS!

I was denied 6 months ago due to many chex inquiries. I might try again next month.

I was denied in July for chex. Went a little under three months with only one bank account application. Was recently approved.

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