Offer at a glance
- Maximum bonus amount: $250
- Availability: IL, MO
- Direct deposit required: Yes, $1,500+
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
The Offer
- Midland States Bank is offering a bonus of $250 when you open a new checking account with promo code Check250. Bonus broken down as follows:
- Have a direct deposit of $1,500 and receive a $150 bonus
- Complete 20 debit card transactions and receive a $70 bonus
- Sign up for eStatements and receive a $30 bonus
The Fine Print
- In order to be eligible for this limited-time offer, you must be 18 years or older and apply online or in-person using the code: Check250.
- Limit of 1 per person.
- Checking offer is not available to existing personal checking account holders. New customers may earn up to $250 on personal checking accounts LivTM Simply, LivTM Rewarded, and LivTM Unlimited if the following qualifications are completed within 90 days of opening account: direct deposits via ACH totaling $1500 will receive $150, 20 debit posted card transactions within 90 days (excluding ATM transactions) will receive $70, and E-Statements enrollment receives $30.
- Incentive is considered interest, producing a 1099-INT form.
- If the account is closed by you or Midland States Bank within 180 days after opening, you will forfeit the offer and be subject to an account closing fee.
- After you have completed the above requirements, the offer will be deposited into your new account within 30 business days.
- Contact us for additional details.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Liv Simply account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is an EATF or not.
Our Verdict
We need to know if this is a hard or soft pull to open. Always nice to see a bonus with no monthly fees to worry about.
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
