Midwest Bank is offering new personal checking customers a $200 welcome bonus for opening an account. To earn the bonus, you'll need to receive $500 into the account each month for the first 3 months of the account being open. It's important to note that these deposits just need to be ACH deposits – not necessarily direct deposits from your payroll (though those will count, too!).
Unfortunately, Midwest Bank doesn't offer the ability to open an account online, so you'll need visit a branch to take advantage of the offer.
How To Earn The Bonus
The Midwest Bank My Design Checking promotion requires you to optionally, set up eligible direct deposits in order to earn the $200 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
- $100 minimum deposit required to open the account.
Open a My Design Checking account before the bonus expires on December 31, 2024
How does this personal checking offer from Midwest Bank compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 14 days
- Requires
- Direct Deposit
BMO
Smart Advantage Checking Account
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 47 days
- Requires
- Direct Deposit
Discover
Discover® Cashback Checking
- Bonus
- up to $360
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
Why Midwest Bank?
My Design Checking
Midwest Bank takes a different approach to checking accounts. Rather than having set account types with set fees, they let you design your own account. Choose from interest-earning or not, what features are important to you (and see a line-item of what they'll cost, too), and then continue on to your custom-to-you checking account.
The interest-earning option introduces a balance requirement of $1,500, where the non-interest has none. Basic features are all free: debit or credit card, online and mobile banking, eStatements, bill pay, account alerts, and a safe deposit box. Premium features each have individual costs: unlimited check supply will cost you $2 each month, ID protection is $12 for joint or $7 for singles, and paper statements are $3.
Fees
My Design Checking does not charge a monthly maintenance fee.
Apply now for a My Design Checking account to earn the $200 bonus offer
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