Find the most up-to-date list of First Midwest Bank promotions, bonuses and offers here.
Currently, they have a $500 Business Checking Bonus, $300 Checking Bonus, and a $25 Referral Bonus.
About First Midwest Bank Promotions
First Midwest Bank is headquartered in Chicago, Illinois. It was established in 1933 and has grown to 117 locations across 3 states: IL, IN, and IA. If you are not in any of these states, check out this list of nationwide bank bonuses for more fitting offers.
- Availability: IL, IN, IA (Bank Locator)
- Credit Inquiry: Soft Pull
- ChexSystems: Yes
- Credit Card Funding: None
CDs and Savings accounts are a great way to save money. Check out our full list of some of the best Bank Rates and CD Rates nationwide.
I’ll review the current First Midwest Bank offers below.
First Midwest Bank $25 Referral Bonus
Get a $25 bonus when you refer a friend to First Midwest Bank
First Midwest Bank is offering a $25 bonus when you refer your friends for a new Checking or Savings Account.
- What you’ll get: $25 bonus
- Account Type: Checking or SavingsAccount
- Availability: Offer only available to residents of Illinois, Indiana, Iowa and Wisconsin.
(Offer has no expiration date)
| BMO Smart Money Checking ($300 cash bonus) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | Fifth Third Bank Preferred Checking ($300 bonus) |
| HSBC Premier Checking (Up to $2,500 Cash Bonus), | |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Fill out the “Tell a Friend” form with proper information
- Give to friend and have them visit a local branch to open an account
- Referral must open a checking, savings, or money market account with $100 minimum opening deposit
- $25 referral bonus will take up to 30 days to show up in your account
- Limited time offer.
- May be withdrawn at any time.
- May not be combined with any other offer.
- The person making the referral: must have a personal First Midwest Bank Checking, Savings or Money Market account; (Health Savings Accounts, Investor Reserve Savings Accounts, and IRA Money Market Accounts do not qualify) is limited to one $25 award per referred address; is responsible for all applicable taxes.
- Addresses used in previous Tell-a-Friend referrals are not eligible for this offer.
- $25 may be subject to tax reporting.
- First Midwest Bank employees are not eligible.
- Photocopies of this coupon are not accepted.
- $25 credit may take up to 30 days to appear in account.
First Midwest Bank $500 Business Checking Bonus (Expired)
First Midwest Bank is offering a $500 bonus for opening a new Business Checking Account.
- What you’ll get: $500 bonus
- Account Type: Essential, Essential Plus, or Essential Deluxe Business Checking Account
- Availability: IL, IN, IA, WI
(Expires November 30, 2021)
| Chase Business Checking ($300 Bonus) | Bank of America Business Checking ($200 bonus offer) |
| U.S. Bank Business Checking ( $400 or $900 Bonus) | Axos Bank Basic Business Checking ($400 Bonus) |
| Axos Bank Business Interest Checking ($400 Bonus) | Huntington Unlimited Plus Business Checking ($1,000 Bonus) |
| Huntington Unlimited Business Checking ($400 Bonus) | Live Oak Bank Business Savings ($200 Bonus) |
| Axos Business Premium Savings ($375 Bonus) | Bluevine Business Checking ($300 Bonus) |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Make at least 15 debit or credit transactions within the first three statement periods.
- Maintain a $2,500 average collected balance for the first three statement periods.
- Check your account balance on Business Express, our Business Online Banking platform, within the first 60 days of account opening
- Once all requirements have been met, $500 credit will be issued as a credit to the account approximately 120 calendar days after account opening. The account must be open with a balance greater than zero on the day of bonus processing to receive the $500 credit. Promotional credit may be subject to IRS 1099-INT form reporting and may be considered taxable as interest income to you. Consult your tax advisor. Other than opening the account and completing listed activities, no purchase is necessary. Limit of one bonus per client, regardless of the number of accounts and includes all entities owned by or associated with client. Thus even if client has multiple accounts or has ownership in one or more entities, only one bonus will be paid to all of these collectively. If multiple accounts are opened with the same signers, only one account will be eligible for the premium. Limit of one bonus per mailing address. Offer is not available to existing First Midwest Business checking clients (including authorized signers on multiple accounts), accounts that have been closed within the past 24 months, business clients who received a promotional bonus in the last 36 months or First Midwest colleagues. This offer is subject to change and may be discontinued at any time. Bonus is not available to local, state, or federal government entities or agencies. Offer available to businesses located within Illinois, Indiana, Iowa, and Wisconsin and must be opened inside the branch only.
(Expired) First Midwest Bank $300 Checking Bonus
First Midwest Bank is offering a $300 bonus for opening a new Checking Account. Just complete the qualifying activities to earn your bonus.
- What you’ll get: $300 bonus
- Account Type: Checking Account
- Availability: Offer only available to residents of Illinois, Indiana, Iowa and Wisconsin.
(Expires December 18, 2020)
| BMO Smart Money Checking ($300 cash bonus) | BMO Smart Advantage Checking ($300 cash bonus) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| Fifth Third Bank Momentum® Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | Truist Checking ($400 bonus) |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Open a new checking account and complete the following:
- Make deposits totaling $2,500 or more
- Make 10 debit card transactions of $25 or more
- Enroll in online banking and e-statements
- Check your account balance on our mobile app
- Once all requirements have been met, a $300 bonus will be issued as a credit to the account approximately 120 calendar days after account opening in branch or online.
- If the account is closed or does not have a balance greater than zero on the day of bonus processing, the $300 credit will not be issued.
- Promotional credit may be subject to IRS 1099-INT form reporting and may be considered taxable as interest income to you.
- Consult your tax advisor. Offer only available to residents of Illinois, Indiana, Iowa, and Wisconsin.
- Offer may be changed or withdrawn at any time without notice.
- Limit of one bonus per client, regardless of the number of accounts opened.
- Offer is not available to existing First Midwest Personal checking clients (either as the primary or joint account holder), accounts that have been closed within the past 6 months, clients who received a promotional bonus in the last 12 months or First Midwest colleagues.
How To Waive Monthly Fees
- Student Checking: None
- Easy Checking: $8.99 monthly fee. Waived with one of the following:
- Make qualifying deposits of $100 or more into the account per analysis period
- Maintain an Average Daily Balance of $100
- Upon request if the Account owner is at least 65 years old
- MidWest Checking: $12 monthly fee. Waived with one of the following:
- Make qualifying direct deposits of $1,000 or more per analysis period
- Maintain a minimum daily ledger balance of $2,500
- Diamond Checking: $20 monthly fee. Waived with one of the following:
- Maintain a Mortgage, Home Equity Loan or Line, Personal Trust or Private Banking relationship
- Maintain a $25,000 combined Average Daily Balance in First Midwest checking, savings, money market Accounts and/or Certificate of Deposits
- Maintain a First Midwest Financial Network relationship with a minimum of $25,000 in invested balances
- Statement Savings: $5 monthly fee. Waived with one of the following:
- Maintain a minimum daily Ledger Balance of $200
- Upon request, if the Account owner is less than 18 years old
- Upon request, for the first six (6) analysis periods if you set up an automatic transfer of $25 or more from a Midwest Checking account
- Investor Reserve Savings: $25 monthly fee. Maintain a minimum daily ledger balance of $1,000 to avoid the monthly account fee.
- Diamond Savings: $25 monthly fee. Waived with one of the following:
- Maintain an automatic minimum monthly transfer of $50 or more from your Diamond Checking or Diamond Elite Checking Account to your Diamond Savings Account
- Maintain a minimum daily ledger balance of $1,000
- Money Market: $15 monthly fee. Maintain a minimum daily Ledger Balance of $1,000 to avoid the monthly account fee.
- Premier Money Market: $25 monthly fee. Maintain a minimum daily Ledger Balance of $2,500 to avoid the monthly account fee.
- Diamond Money Market: $25 monthly fee. Maintain a minimum daily Ledger Balance of $2,500 to avoid the monthly account fee.
- Essential Business Checking: $15 monthly fee. Maintain a $1,500 minimum in average collected balance to avoid the monthly account fee.
- Essential Business Checking Plus: $25 monthly fee. Maintain a $5,000 minimum in average collected balance to avoid the monthly account fee.
- Essential Business Checking Deluxe: $80 monthly fee. Maintain a $75,000 minimum in average collected balance in combined business deposit accounts to avoid the monthly account fee.
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Bottom Line
These are the current First Midwest Bank promotions and offers. If you would like to leave your contact info below for the referral bonus, feel free. Additionally, the $350 business bonus could be for any small business looking for a checking account!
Feel free to leave a comment below informing us about your experience with First Midwest Bank. Your feedback is highly appreciated and makes our site even better!
*Check back for updated First Midwest Bank promotions, bonuses and offers.
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