[IN, IL, WI] Marine Bank/CIBM Bank $450 Checking Bonus


Offer at a glance

  • Maximum bonus amount: $450
  • Availability: IN, IL, WI
  • Direct deposit required: Yes, $500+
  • Additional requirements: None
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown (sensitive)
  • Credit card funding: None
  • Monthly fees: None
  • Early account termination fee: Six months, $25
  • Household limit: None listed
  • Expiration date: December 31, 2021

The Offer

Direct link to offer

  • CIBM Bank is offering a bonus of $450 when you open a new High Performance Checking with the promo code GIMME4504HP and complete the following requirements:
    • Maintain a $1,000 minimum monthly balance for 6 months.
    • Use your account.
      • Direct Deposit(s) of $500 or more monthly.
      • Complete debit transaction (month 1 – one, month 2 – two, month3 – three, month 4 – four, month 5 – five, and month 6 – six).
  • Your bonus will be deposited into your new account in $75 increments, for 6 months for a maximum of $450

The Fine Print

  • Offer available on new High Performance Checking accounts opened between 6/15/21 and 12/31/2021 and limited to one per customer.
  • Offer not available for existing CIBM Bank personal checking account holders or those who have closed a CIBM Bank personal checking account within the past 6 months.
  • Promo code GIMME4504HP must be used at time of account opening.
  • In each of the six (6) calendar months following the month of account opening, customer shall be eligible to receive a $75.00 bonus payment upon completing all required Qualifying Activities.
  • Each month’s Qualifying Activities shall be reviewed, and any such related bonus payments made, independently of other months. Maximum total bonus per account is $450.00.
  • In each calendar month, “Qualifying Activities” are: (i) the account must maintain a minimum monthly balance of $1,000.00 (as determined by CIBM Bank; see “Truth in Savings Disclosure”); (ii) the account must receive one or more Qualifying Direct Deposits with a cumulative total of $500.00 or more; and (iii) one or more Qualifying Debits must be posted to the account as follows: Month 1- one Qualifying Debit; Month 2 – two Qualifying Debits; Month 3 – three Qualifying Debits; Month 4 – four Qualifying Debits; Month 5 – five Qualifying Debits; and Month 6 – six Qualifying Debits. “Qualifying Direct Deposits” are electronic deposits of your paycheck, pension, or government benefits (such as Social Security) from your employer or the government. “Qualifying Debits” are debit card purchase transactions, checks, or ACH debit transactions.
  • Bonus payments will be made to the account no later than 5 business days following the end of the calendar month in which they are earned.
  •  Account must be open and in good standing in order to receive any bonus payment.
  • Cash bonus considered interest and reportable on IRS Form 1099-INT. Minimum opening deposit of $100.00 required.
  • Accounts closed within 6 months of opening date, subject to a $25.00 early closing fee.
  • Annual Percentage Yield (APY) accurate as of 6/15/21. Balances of $0.00-$4,999.99 (0.02% APY) and $5,000.00 and up (0.05% APY). Variable rate account and interest rate is subject to change.
  • Account remains subject to all terms and conditions as outlined in the “Terms and Conditions of Your Account” and all account disclosures, including $7 monthly service fee if minimum monthly balance of $1,000.00 is not maintained. We reserve the right to amend or cancel any part of this offer at any time.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

There is a $7 monthly fee that is waived with a $1,000 minimum balance.

Early Account Termination Fee

$25 fee if closed within six months.

Our Verdict

Previously the bonus was $250, but with lower requirements and an easier account to keep free. Still I think most people will prefer this bonus as it’s significantly more. We will be adding this to our list of the best bank account bonuses.

Hat tip to reader Steve D

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