Find the latest Monifi promotions, bonuses, and offers here.
UPDATE: The Monifi banking brand will be discontinued. Their operations will merge into its parent company, MidFirst Bank, on September 21, 2022.
Currently, there is a $250 direct deposit bonus when you meet certain requirements.
About Monifi Promotions
Monifi is a fee-free mobile bank built to help fund your future without changing your lifestyle. Set goals, spend smarter, and save faster with just one app.
We will review the current Monifi promotions below.
Monifi $50 Referral Bonus
Monifi is offering a $50 Referral Bonus when you refer a friend to Monifi . Be sure to take advantage of this opportunity,
- What you’ll get: $50 bonus
- Account Type: Checking
- Availability: Nationwide
(No Expiration Date Listed)
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
- Refer a friend or family member to start a Monifi Relationship
- Refer up to 10 people for a total of $500
- Contact information (name, email, phone) that you provide as a referral must match the information provided by the referred customer.
- One prize per person or address (physical or email). Offer may be changed or be withdrawn at any time.
- By providing a referral name at account opening, you agree to participation in the Refer-A-Friend program.
- Sweepstakes terms and conditions apply.
Monifi $250 Direct Deposit Checking Bonus *Expired*
Monifi is offering a $250 bonus when you set up and receive two payroll direct deposits of at least $1,000 each.
- What you’ll get: $250 bonus
- Account Type: Checking
- Availability: Nationwide
- Availability: Nationwide
- Credit Inquiry: Soft Pull
- ChexSystem: Unknown
- Credit Card Funding: Unknown
(Expires May 31, 2022)
| 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
- You can earn $250 when you make two payroll direct deposits of at least $1,000 each into your Spend Balance.
- Set up Direct Deposit by:
- Find your account and routing numbers in the Monifi App under Account Details – from the home screen, select your Spend Balance, and tap the icon at the top right
- Use this Direct Deposit Form to provide your employer with your account information
- Receive $250 when you set up and make two eligible direct deposits of $1,000 USD or more to your Spend Balance within 90 days of opening your Monifi Relationship and maintain a beginning of the day minimum Relationship Balance** of $1,000 USD for fourteen (14) calendar days following your second eligible direct deposit.
- Valid for Monifi Relationships opened between January 1, 2022 and May 31, 2022.
- Eligible direct deposits are electronic deposits of the Relationship owner’s paycheck or pension or government benefits, such as Social Security.
- Person-to-person transactions and direct deposits made from personal accounts do not qualify.
- Relationship Balance is the sum total balance of your Monifi Spend and Monifi Save Balances.
- Limit one incentive per Monifi Relationship.
- $250 USD paid as a credit to your Spend Balance within 90 days of meeting promotion requirements.
- Your Monifi Relationship must be open and in good standing for you to receive the incentive.
- Offer may be changed or withdrawn at any time.
- Account credits are considered interest and will be reported on IRS Form 1099-INT (or applicable tax form).
Monifi $100 Direct Deposit Checking Bonus (Expired)
$100 Direct Deposit Checking Bonus
Monifi is offering a $100 Direct Deposit Checking Bonus when you set up and receive two direct deposits of at least $1,000 each.
- What you’ll get: $100 bonus
- Account Type: Checking
- Availability: Nationwide
(No expiration date listed)
| Western Alliance Bank High-Yield Savings Premier (4.46% APY) | SoFi Checking & Savings ($325 Bonus + 4.20% APY) |
| Upgrade Premier Savings ($200 Bonus + 4.41% APY) | Live Oak Bank Savings ($300 Bonus + 4.30% APY) |
| CIT Bank Platinum Savings (4.70% APY) | Harborstone Credit Union Money Market (4.55% APY) |
How To Earn Bonus
- For a limited time when you make two direct deposits of at least $1,000 each into your Spend Balance.
- Set up Direct Deposit by:
- Find your account and routing numbers in the Monifi App under Account Details – from the home screen, select your Spend Balance, and tap the icon at the top right
- Use this Direct Deposit Form to provide your employer with your account information
- Receive $100 when you set up direct deposit to your Spend Balance and receive two (2) direct deposits of $1,000 USD or more within 90 days of opening your Monifi Relationship.
- The direct deposits must be an electronic deposit of the account owner’s paycheck, pension or government benefits (such as Social Security).
- Limit one (1) incentive per customer. $100 USD paid as a credit to your Spend Balance within 45 days of meeting promotion requirements.
- Offer may be changed or withdrawn at any time.
- Monifi Relationship must be open and in good standing to receive promotion incentive.
How To Waive Monthly Fees
No monthly fees
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Bottom Line
In my opinion, the limited time offer is worth a look. Monifi is a mobile bank so there aren’t any fees associated with their bank account. Be sure to check out this promotion at Monifi while it lasts!
In addition to this, Monifi offers attractive bank bonuses, CD rates, and bank rates.
*Compare Monifi Promotions with other bank bonuses from banks like Huntington, HSBC, Chase, TD, Bank of America, Citibank, and more!*
*Check back on this page for updated Monifi promotions, bonuses, and offers.
Opened account and setup DD with my employer. DD was sent but I had no balance. I called them and they said they closed my account due to business decisions and I’ll have to wait for them to return the money. No bonus of course.
I was thinking of opening an acct with monifi internet bank that has a $200 promotion. I read on bbb website a real bad review about this bank. Can you tell me if this bank is bad news? Thanks