Update 3/11/24: Now with an extra $55. Hat tip to Bockrr
Offer at a glance
- Maximum bonus amount: $100
- Availability: To apply online, you must be 18 or older, a U.S. citizen or resident alien, and have a U.S. address within the states of Iowa, Nebraska, Minnesota or South Dakota
- Direct deposit required: Unknown
- Additional requirements: Unknown
- Hard/soft pull:Soft pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: $50, 90 days
- Household limit: None listed
- Expiration date: None listed
The Offer
- Northwest Bank is offering a bonus of $100 when you open a new checking account and complete the following requirements:
- Meet with a Northwest Bank Personal Bank
- Select 4 new products or services from the available list, they don’t provide the actual list
The Fine Print
- Not available with any other cash back offer.
- Cash incentive is only available when you meet with a Northwest Bank Personal Banker and select 4 new products or services from the available list.
- Northwest Bank checking account is required.
- The minimum opening balance of $10 is required to receive the bonus; bonus will be deposited into your Northwest Checking account within 7 business days of completing your banker meeting.
- If you received the $100 bonus offer as a result of opening a new checking account, your new checking account is subject to an early account closing fee of $50 (if you close your new account within 90 days of account opening). 0.00% APY effective 6/1/2019. Member FDIC.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
They offer a free checking account with no monthly fees to worry about.
Early Account Termination Fee
$50 fee charged if closed within 90 days of account opening
Our Verdict
We don’t know what the available list is for the 4 items required, so impossible to say if this is a good or bad deal. I imagine it’s probably a bad deal because you need to go in branch and the bonus is only for $100.
Useful posts regarding bank bonuses: