Back for 2025! Available in Oklahoma, Kansas, Missouri, Illinois and possibly Colorado with the ability to open online, Central Bank of the Midwest is offering a $300 welcome bonus when you open a new checking account and set up direct deposit.
How To Earn The Bonus
The Central Bank of the Midwest Personal Checking promotion requires you to set up eligible direct deposits in order to earn the $300 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- Available to new checking account customers only.
- One offer per household.
- They reserve the right to not open accounts for customers outside their market area.
- Offer not valid with any other offers.
Open a Personal Checking account before the bonus expires on December 31, 2025
How does this personal checking offer from Central Bank of the Midwest compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
HSBC
HSBC Premier
- Bonus
- up to $3000
- Account Type
- Personal Checking
- Expires In
- 6 days
- Requires
- Min Balance
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 67 days
- Requires
- Direct Deposit
Truist
Truist One Checking
- Bonus
- $400
- Account Type
- Personal Checking
- Expires In
- 67 days
- Requires
- Direct Deposit
Why Central Bank of the Midwest?
Central Bank is headquartered in Lees Summit, MO and is the 8th largest bank in the state. Established in 1985, the bank has grown to 57 locations across Kansas and Missouri. Central Bank has an A+ health rating, with $2 billion in assets and deposits totaling $1 billion.
On average, Central Bank of the Midwest charges low fees compared to national averages, but also doesn't offer competitive returns for their savings products. So, if you're looking for a checking account that won't nickel and dime you, great! But if you're shopping for CDs, savings accounts, or MMAs, probably keep looking.
MyChoice Checking
Fees
MyChoice Checking does charge a monthly maintenance fee of $3, but there are ways to get this waived:
- Enroll in eStatements
- Complete 1 of the following: make a direct deposit OR make at least 10 debit card purchases OR keep an average daily balance of at least $500 OR set up a monthly recurring transfer from MyChoice Checking to SaveUp℠ Savings
MaxMoney Checking
Fees
MaxMoney Checking charges a monthly maintenance fee of $8.95.
Free Checking
Fees
Free Checking does not charge a monthly maintenance fee.
Preferred Interest Checking
Fees
Preferred Interest Checking does charge a monthly maintenance fee of $10, but there are ways to get this waived:
- Maintain a daily balance of $1,000
- OR, maintain an average daily balance of $2,000 during a monthly statement cycle
World Checking
Fees
World Checking does charge a monthly maintenance fee of $20, but there are ways to get this waived:
- Maintain a $15,000 average balance
- OR, have a $250,000 private banking relationship
- OR, be a $250,000 Central Investment Advisors or a Central Trust Company client.
Apply now for a Personal Checking account to earn the $300 bonus offer
Share Your Thoughts or Questions
There have been 2 comments about the Central Bank of the Midwest Personal Checking $300 Bonus.
S
April 2, 2024It looks like you have to enter an existing customer's first/last name and last 4 of their phone number- does the RAF300 code work without a customer name?
ReplyReply to S
JAMON
November 15, 2023I have chased checking account bonuses for 2+ years but my worst experience was at Central Bank. I fulfilled requirements per the bonus fine print. But while the bonus fine print said there was no minimum required, if the account is left at zero over 40 days, account is closed. When I complained about the misleading bonus fine print, CSR Rachel was rude to me and told me I "obviously" should read the Account Disclosures rather than rely on the bonus offer fine print. I asked for a supervisor to call me back and a haughty VP was even more rude and self-righteous, even though I was calm (with both staffers). She didn't really listen, and clearly did not care. She told me my household cannot apply for a new account for 7 years. I felt like they were looking for me to fail, despite putting the bonus out there publicly and approving my account. It's easy to have a good relationship with customers when everyone is happy, but how a company treats the public when there is a disagreement is where an organization shows it's true colors - and Central Bank did just that. Buyer Beware.
ReplyReply to JAMON
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