First National Bank of Waterloo Checking Promotion: $150 Bonus (IL)

First National Bank of Waterloo is offering residents of Illinois a $150 bonus when you open a Checking Account and meet the requirements listed below.

To get started, you must open a Checking account with a minimum opening deposit of $25. Once you have completed that, set up to receive direct deposits of $500 or more every month. Make 20 debit card transactions and receive e-statements. With the personal checking account, you can enjoy features such as Visa debit card, online banking, mobile banking, and so much more!

Once all the requirements are met, you will have access to a range of features to better your banking experience. If you are interested, be sure to check out this promotion as well as other banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Compass Bank or CIT Bank.

Credit goes to Lindsay for letting us know about this bank promotion. If you’d like to participate in our Rewards Program, simply contact us when you find a new bank promotion and get paid up to $15!

	BMO Bank Checking: Open a new BMO Smart Money Checking Account and get a $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days. Learn More---BMO Checking Review *Conditions Apply. Accounts are subject to approval and available in the U.S. by BMO Bank N.A. Member FDIC. $4,000 in qualifying direct deposits within 90 days of account opening. During the promotional period, from November 1, 2024, to February 3, 2025
	Chase Ink Business Unlimited® Credit Card: New cardholders can enjoy a welcome offer of $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. Click here to learn how to apply--- Review
	Truist Checking: Earn $400 cash bonus when you receive at least one qualifying Direct Deposit of $500 or more AND complete at least 15 qualifying debit card purchases within 90 days of account opening. Learn More---Truist Checking Review
	HSBC Premier Checking Account: You could earn $1,500 or $2,500 if you open a new, eligible HSBC Premier checking account from July 1, 2024 through January 2, 2025, and complete qualifying activities. Member FDIC Terms

First National Bank of Waterloo $150 Bonus Info

• Direct Link to Offer
• First National Bank of Waterloo PDF Printout
• Account Type: Checking Account
  
• Availability: IL (Bank Locator)
• Expiration Date: None listed
  
• Credit Inquiry: Hard Pull/Soft Pull? Let us know
• ChexSystems: Unknown, Let us know
• Opening Deposit: $25
  
• Credit Card Funding: None
• Direct Deposit Requirement: Yes, $500+
• Monthly Fee: None listed
• Additional Requirements: See below
• Household Limit: 1
• Closing Account Fee: None listed
  

What Triggers Direct Deposit? Alternative Methods

Many bank bonuses require you to make real direct deposit from your job to receive the sign up bonus. However, switching to your real paycheck can be frustrating and time consuming. You can find alternative methods below which many readers have reported to trigger direct deposit to receive the sign up bonus.

Simply set up ACH transfers from these institutions to trigger direct deposit. Again, Your Mileage May Vary(YMMV). Please help us with your experience if you find a different method or to confirm a current method for direct deposit in the comments section below.

How To Earn First National Bank of Waterloo $150 Bonus

1. Open a new First Bank & Trust Checking.
2. Complete the minimum opening deposit of $25.
3. Receive e-statements.
4. Set up to receive $500 in direct deposit within 60 days.
5. Make 20 debit card transactions.
6. To earn the remaining $50 keep e-statements and 1 direct deposit of per statement cycle for a year.

How to Avoid Monthly Fees

Checking: None listed.

Bottom Line

Make sure you check out First National Bank of Waterloo to learn more about the $150 bonus promotion. Don’t forget, the $150 bonus will be reported on IRS Form 1099-INT.

Feel free comment below and let us know about how it went and  if you could fund your account with credit card or not. We value your feedback and will continue to keep you posted on the latest bank offers nationwide. If you would like to see more, check out our full list of Bank Promotions for all your banking needs.