Here you will find Elgin State Bank promotions, bonuses, and offers.
Currently, they have a $200, $300, $500 checking bonus when you meet all the requirements.
About Elgin State Bank Promotions
Elgin State Bank is part of the 150+ affiliated Wintrust Community Bank. They were established in 1994 and headquartered in Chicago, Illinois, they have around 30 locations in Illinois.
I’ll review the Elgin State Bank Promotions below.
Elgin State Bank $500 Checking & Savings Bonus
Elgin State Bank is offering a $500 Checking & Savings Bonus when you open a new Total Access Checking account and meet the qualifying requirements.
- What you’ll get: $500 bonus
- Account Type: Total Access Checking Account. Statement savings.
- Availability: IL (Bank Locator)
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Unknown
- ChexSystem: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: None listed
- Household Limit: None listed
(Expires 01/29/2025)
| 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
- Earn $300
- Open a new Total Access Checking account,
- Tell us you are aware of this Total Access Checking account bonus offer at account opening;
- Have at least monthly occurring direct deposits totaling $500.00 or more each month made to your new account for 2 consecutive calendar months after the calendar month your new account was opened (‘Qualification Period’).
- Enroll in online banking and activate e-statements within the Qualification Period. A direct deposit is defined as any payment made by a government agency, employer, or other third-party organization that is made via an electronic deposit. A direct deposit does not include teller/ATM/mobile or remote deposits, wire transfers, online banking/telephone transfers between accounts at WTFC, external transfers from other accounts at other financial institutions or ATM/debit card transfers and deposits. After you have completed all the above bonus qualifications, we will deposit the bonus payment into your new account within 30 calendar days after the Qualification Period.
- Earn $200
- Open a new Statement Savings account;
- Tell us you are aware of this Statement Savings account bonus offer at account opening;
- Deposit $15,000.00 or more of new money, defined as money not held at any WTFC location; and
- Maintain a minimum balance of at least $15,000.00 on the last business day of each of the 3 consecutive calendar months following the calendar month your new account is opened
- General Bonus Information. Offers valid for accounts opened 2/1/24 — 1/29/25. Offers not available to existing or closed checking/savings account customers of Wintrust Financial Corporation (‘WTFC’) & its subsidiaries or employees. Limit 1 bonus payment per customer, regardless of number of accounts opened; may only be received from 1 WTFC location. Total Access Checking offer combinable with any WTFC savings offer; Statement Savings offer combinable with any WTFC checking offer. Bonus payment subject to IRS 1099-INT reporting & may be considered income for tax purposes.
- Total Access Checking Bonus Information. If you qualify for this Total Access Checking bonus offer, you are ineligible to receive this Total Access Checking bonus offer from any other WTFC location. If you qualify for any other WTFC savings offer it may be combined with this Total Access Checking account bonus offer. Your new account must be open, in the same product, and have a balance greater than zero to receive the bonus payment. Balance is determined as of the end of each Business Day as the funds currently in your account including deposits and withdrawals made in the Business Day. The $300.00 bonus payment is subject to IRS 1099-INT reporting and may be considered income for tax purposes for the tax year in which the bonus was paid.
- Statement Savings Bonus Information. If you qualify for any other WTFC checking offer it may be combined with this Statement Savings bonus offer. Your new account must be open, in the same product, and have a balance greater than zero to receive the bonus payment. Balance is determined as of the end of each Business Day as the funds currently in your account including deposits and withdrawals made in the Business Day. The $200.00 bonus payment is subject to IRS 1099-INT reporting and may be considered income for tax purposes for the tax year in which the bonus was paid.
Elgin State Bank $300 Checking Bonus
Earn a $300 bonus when you open a new checking account!
Elgin State Bank is offering a $300 bonus when you open a new Total Access Checking account and meet the qualifying requitements.
- What you’ll get: $300 bonus
- Account Type: Total Access Checking Account
- Availability: IL
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Unknown
- ChexSystem: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: None listed
- Household Limit: None listed
(Expires 01/29/2025)
Editor’s Note: You can find the same offer with the White Sox Checking and Cubs Checking accounts.
| 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
- Open a new Total Access Checking account and earn the bonus when you
- Enroll in online banking
- Activate e-statements through bank’s website
- Have at least monthly occurring direct deposits total $500 or more each month for the qualification period
- This Total Access Checking account bonus offer is not available to existing or closed checking account customers of Wintrust Financial Corporation (‘WTFC’) and its subsidiaries or its active employees.
- Limit 1 bonus payment per customer, regardless of the number of accounts opened.
- If you qualify for this Total Access Checking account bonus offer, you are ineligible to receive this Total Access Checking account bonus offer from any other WTFC location.
How to Waive Monthly Fees
- Total Access Checking: No monthly fees for this account
- Access Plus Checking: $10.00 monthly can be waived with $1,000 minimum daily balance or $2,500 average daily balance for the statement cycle.
- Premier Checking: $25.00 monthly can be waived with $10,000 average daily balance or $75,000 combined average relationship balance for the statement cycle.
- Cubs Checking: No monthly fees for this account
- White Sox Checking: No monthly fees for this account
- Student Checking: No monthly fees for this account
- Platinum Preferred Checking: $10.00 monthly can be waived with $1,000 minimum daily balance
- Money Smart Checking: No monthly fees for this account
- Entrepreneur Checking: $15.00 monthly when 75 transactions complete the $1,5000 minimum average collected balance
- Business Community Checking: $15.00 monthly if the $5,000 minimum average balance is not maintained
- Have-It-All Business Checking: $25.00 monthly if the $20,000 minimum average balance is not maintained
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Bottom Line
Lastly, the bonuses at Elgin State Bank offer a wide variety of account features to help you in any situation. Furthermore, the bonuses are great because they have a soft pull, so this won’t affect your credit score. Additionally, they also offer mobile banking so your money is available at any time with the click of a button.
Lastly, your feedback is highly appreciated and makes our site even better!
However, while they have several generous bonuses, Elgin State Bank doesn’t have great rates for CDs and Savings. Furthermore, you may want to check out our full list of Bank Rates and CD Rates.
*Compare Elgin State Bank Promotions with other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO Harris, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, US Bank, and more!*
*Check back at this page for updated Elgin State Bank promotions, bonuses and offers.
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