Update 12/16/22: Looks like it can be opened online in all states except: CA; KY; NJ; NY; OH; PA; TX. Hat tip to reader John

Offer at a glance

The Offer

Direct link to offer

  • Midland States Bank is offering a bonus of $250 when you open a new checking account with promo code Check250. Bonus broken down as follows:
    • Have a direct deposit of $1,500 and receive a $150 bonus
    • Complete 20 debit card transactions and receive a $70 bonus
    • Sign up for eStatements and receive a $30 bonus

The Fine Print

  • In order to be eligible for this limited-time offer, you must be 18 years or older and apply online or in-person using the code: Check250.
  • Limit of 1 per person.
  • Checking offer is not available to existing personal checking account holders. New customers may earn up to $250 on personal checking accounts LivTM Simply, LivTM Rewarded, and LivTM Unlimited if the following qualifications are completed within 90 days of opening account: direct deposits via ACH totaling $1500 will receive $150, 20 debit posted card transactions within 90 days (excluding ATM transactions) will receive $70, and E-Statements enrollment receives $30.
  • Incentive is considered interest, producing a 1099-INT form.
  • If the account is closed by you or Midland States Bank within 180 days after opening, you will forfeit the offer and be subject to an account closing fee.
  • After you have completed the above requirements, the offer will be deposited into your new account within 30 business days.
  • Contact us for additional details.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Liv Simply account has no monthly fees to worry about.

Early Account Termination Fee

$40 if closed within six months

Our Verdict

We need to know if this is a hard or soft pull to open. Always nice to see a bonus with no monthly fees to worry about.

Useful posts regarding bank bonuses:

William Charles

Source link

You May Also Like

New 75,000 Miles Bonus for Barclays AAdvantage Aviator Business Card

New 75,000 Miles Bonus for Barclays AAdvantage Aviator Business Card Barclays AAdvantage…

Buy $500 Airbnb Gift Card, Get $75 Best Buy Card

Buy $500 Airbnb Gift Card, Get $75 Best Buy Card Best Buy…

TD Bank Revamps Credit Card Portfolio, Adds Two New Products

TD Bank Revamps Credit Card Portfolio TD Bank today announced the launch…

New Amex Offers for Marriott, Save Up to 40% in US, Canada, Mexico & the Caribbean

New Amex Offers for Marriott Check your American Express credit cards for…