Read on to learn more about Midwest Bank promotions, bonuses and offers here.
Update 5/9/24: The $200 checking bonus offer is back through 12/31/24.
About Midwest Bank Promotions
Midwest Bank is headquartered in Pierce, Nebraska and is the 14th largest bank in the state. It is also the 1,053rd largest bank in the nation. It was established in 1882 and as of June of 2021, it had grown to 145 employees at 11 locations.
I’ll review the offers below.
Midwest Bank $200 Checking Bonus
Midwest Bank $200 Checking Bonus
Take advantage of the $200 bonus from Midwest Bank when you open a new qualifying checking account.
- What you’ll get: $200 bonus
- Account Type: Checking Account
- Availability: NE, in branch only (Bank Locator)
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Direct Deposit Requirement: No, ACH deposit is required though (see what works)
- Monthly fees: None
- Early Account Termination Fee: $25, 90 days
- Household Limit: None listed
(Expires 12/31/2024)
| 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
- To receive the $200 bonus, you must:
- Open new checking account
- Receive one ACH deposit of $500 or more in each of the first 3 months of the account being open
- $200 bonus will appear as interest income on current year 1099-INT statement.
- $200 will be deposited after 90 days of account opening if the account has received one ACH deposit of $500 or more in each of the first 3 months of the account being open.
- $200 will appear as interest income on current year 1099-INT statement.
- $100 minimum deposit required to open the account.
- Offer expires December 31, 2024.
- Annual Percentage Yield (APY). 1Per monthly statement cycle. If account fails to meet the monthly deposit and point of sales requirements, the APY is 0.25%. 2 Does not include ATM transactions.
- eStatements are standard for this product.
- Paper statement fee is $5.00. $5.00 monthly dormant fee if account has no activity for 6 months and balance in account is less than $100; cannot be combined with any other promotional offers.
- Account offered to Consumers and Trusts only.
- Limit one account per primary account owner.
- Rates subject to change; current as of 3/1/2024.
How To Waive Monthly Fees
- MY DESIGN PLUS CHECKING: None
- Midwest Savings: Service Charge ($5) waived with a balance over $100
- Premier Money Market: Service Charge ($10) waived with a balance over $5,000
- Health Savings Account: Service Charge ($5) waived with balance over $100
- Free Basic Business: None
- Business Analysis Checking: $6
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Bottom Line
Lastly, Midwest Bank has a ton of offers ranging from $200+. However, if you are unable to visit one, you can still take advantage of their services like online banking and mobile banking.
Additionally, Midwest Bank doesn’t have great rates for CDs and Savings, Consequently, you may want to check out our full list of Bank Rates and CD Rates.
Compare Midwest Bank Promotions with other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Discover Bank, Axos Bank, PNC Bank, BMO, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, U.S. Bank, and more!
Additionally, check back at this page for updated Midwest Bank promotions, bonuses and offers.
If this is the same as last time they offered it, it can only be opened in Norfolk branches (min opening 50, iirc) and no one at the bank seems to know whats going on. Also, it didn’t pay until basically the last day of the terms.