Posted by William Charles on March 21, 2016
Bank Account Bonuses

Published on March 21st, 2016 | by William Charles


[WI Only]$200 First Bank Financial Centre Checking Bonus – No Direct Deposit Or Monthly Fees

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Wisconsin only
  • Direct deposit required: Optional, ACH transfers should count as they are specifically mentioned
  • Additional requirements: See below
  • Hard/soft pull: Soft (according to the rep)
  • Credit card funding: Unsure
  • Monthly fees: $0-$10
  • Early account termination fee: $20, 180 days
  • Expiration date: April 8th, 2016

The Offer

Direct link to offer

  • Receive a sign up bonus of $200 when you open any new checking account (excluding student checking) with First Bank Financial Center. You must complete one of the following requirements to receive the bonus:
    • Have a recurring, monthly direct deposit credit (an ACH credit) in a single amount not less than $250 or
    • five (5) signature based debit card transactions must post to the account within 45 days of account opening

first finnacial

The Fine Print

  • If any owner or signer on the account has previously been an owner or signer on a different First Bank Financial Centre (FBFC) consumer checking account within the past three (3) years, FBFC reserves the right to deny this incentive
  • Accounts with an FBFC employee as primary owner and Student Checking accounts are not eligible
  • Applicable to Wisconsin residents only
  • This offer cannot be combined with any other offer
  • If the new account becomes overdrawn or is closed within the first 60 days, FBFC reserves the right to deny this incentive.
  • The $200 cash reward will be deposited into the checking account within 60 days of account opening
  • Postcard must be presented at account opening to receive the reward
  • Expires April 8th, 2016
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Early Account Termination Fee $20

This account does come with an early account termination fee of $20 if you cancel it within the first 180 days of account opening.

fbfcwi early account termination fee

Monthly Fees $0-$10

There are four different accounts and the monthly fees vary based on the account:

  • Free checking: $0 month
  • Value checking: $6 month, each debit card transaction lowers this by $0.25
  • Premier checking: $10 a month, waived if $500 minimum daily balance
  • Classic checking: $0 mont

Our Verdict

The fine print mentions that a postcard must be brought in, so there is a chance this is a targeted offer and you actually need to be targeted – but you can also apply by phone so I’d try that instead. This would be a pretty awesome deal if it’s confirmed to be a soft pull and open to everybody in Wisconsin (without a postcard). It doesn’t require a direct deposit, there are no monthly fees to worry about and it’s a bonus for $200. We’ll add it to the list of the best checking sign up bonuses once we get some more data points in the comments.

If anybody has any experience with this bonus, then please share it in the comments below.

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Attempted to open by phone. They said I would need to come in to complete the application, was not given a mail/fax/email option.



please update the expiration date.

R meyer
R meyer

Inquired about this bonus, was told by one rep that I needed to apply in person. A second rep added that the offer was only valid for people in their “local marketing areas,” giving credibility to the questions of whether this offer is targeted. I wasn’t willing to drive 70 miles to test the accuracy of the claim.

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