Central Bank of the Midwest Personal Checking $300 Bonus

Central Bank of the Midwest logo

Central Bank of the Midwest : Personal Checking

$300

Offer Expires In

How To Earn The Bonus

  1. Open an eligible personal checking account using the promo code RAF300.
  2. Deposit $50 or more at account opening.
  3. Within 90 days, make at least two or more qualifying direct deposits totaling $500 or more.
  4. Bonus will be deposited into the checking account within 15 business days after completing the requirements and the initial 90 day period is complete.

Available in Your Area?

No

Monthly Fees?

Varies

Open Online?

Yes

Credit Pull?

Soft

Central Bank of the Midwest logo

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at Central Bank of the Midwest

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 direct deposits in order to earn the $300 bonus.

Full requirements to receive this bonus are:

  1. Open an eligible personal checking account using the promo code RAF300.
  2. Deposit $50 or more at account opening.
  3. Within 90 days, make at least two or more qualifying direct deposits totaling $500 or more.
  4. Bonus will be deposited into the checking account within 15 business days after completing the requirements and the initial 90 day period is complete.

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.

How does this 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:

Citi

Citi Priority Account

Bonus
up to $1500
Account Type
Personal Checking
Expires In
15 days
Requires
  • Min Balance

Fifth Third Bank

Personal Checking

Bonus
$375
Account Type
Personal Checking
Expires In
90 days
Requires
  • Direct Deposit

Chase

Chase Total Checking®

Bonus
$200
Account Type
Personal Checking
Expires In
18 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 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 fee of $8.95.

Free Checking

Fees

Free Checking does not charge a monthly fee.

Preferred Interest Checking

Fees

Preferred Interest Checking does charge a monthly 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 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.