Update 10/25/26: Bonus now $250 but requires a direct deposit now (no minimum mentioned). Hat tip to reader Bockrr
Offer at a glance
- Maximum bonus amount: $150
- Availability: In branch only, all branches are in PA. [Branch locator. Seems to be broken so just use Google]
- Direct deposit required: Yes, no minimum mentioned
- Additional requirements: Open with debit card
- Hard/soft pull: One report of hard, two of soft.
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: July 13th, 2018
The Offer
- Mid Penn Bank is offering a bonus of $250 when you open a new checking account and receive a direct deposit (no minimum mentioned)
The Fine Print
- Customers must open a consumer checking account and have a direct deposit made to the account within 60 calendar days of account opening.
- Direct deposit must be an electronic deposit of your paycheck, pension, or government benefits from your employer or the government and must be new to Mid Penn Bank.
- Account subject to standard opening approvals.
- Limit to one bonus per account or customer, not to exceed $250 per customer or account.
- Cannot be combined with any other offers.
- Bonus will be credited to account within 10-15 business days of first qualified direct deposit.
- Offer good for new consumer checking accounts only.
- IRS reportable.
- Minimum balance requirement for Advantage Checking is $15,000.00.
- Advantage Checking account earns 0.20% annual percentage yield (APY) on all balances greater than $0.
- Rates are accurate as of 9/29/26 and may change without notice after account is opened. Fees may reduce earnings. Marketing Code 250.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fee
Simply Free Checking account doesn’t have any monthly fees to worry about.
Early Account Termination Fee
I was unable to find a fee schedule so I’m unsure if there is any early account termination fee.
Our Verdict
Gotta love bonuses without any requirements. Definitely worth doing if it’s a soft pull, you can generally ask in branch before you sign up (please share if you do ask, along with whether it did or didn’t cause a hard pull). I doubt you can fund with a credit card due to the fact it’s in branch. I’ll be adding this to the best bank bonuses if it is a soft pull. Keep in mind it’s not valid for long.
Big thanks to reader, Matt who let us know. Learn how to find bonuses and contribute to the site here.
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
