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Tag: IL bank bonuses

  • [OK, IL KS & MO, CO, In Branch only] Central Bank $500 Business Checking Bonus – Doctor Of Credit

    [OK, IL KS & MO, CO, In Branch only] Central Bank $500 Business Checking Bonus – Doctor Of Credit

    Update 8/31/24: Deal is back with promo code 500BB9, valid until 11/30/24.

    Offer now expires 7/31/24 with new offer code 500BB7.

    Terms state ‘Offer may only be redeemed by the intended recipient and is nontransferable’ so might be targeted. Needs to be opened in branch though so should be able to ask before opening.

    Offer at a glance

    The Offer

    Direct link to offer

    • Central Bank is offering a $500 bonus when you open a new business checking account and complete the following requirements:
      • Use promo code  500BB6
      • Have a $3,000 balance 90 days after account opening

    The Fine Print

    • To receive the $500 checking bonus, open a new business checking account, deposit $50 or more at account opening, and have at least a $3,000 balance 90 days from the date of account opening.
    • Eligibility for this offer will be verified prior to providing the bonus.
    • Bonus will be reported to the IRS as interest.
    • Bonus will be deposited into the business checking account within 10 business days after account(s) 1) meets all requirements AND 2) has been open for 90 days. If checking account is closed within first 90 days a fee may be imposed.
    • Available to new business checking customers only.
    • Offer is not available to those whose accounts have been closed with a negative balance within the last 2 years.
    • You receive only one new checking account opening related bonus every two years from the last date incentive was paid.
    • Only one bonus per business.
    • The new checking account must be open and in good standing up to and including the date any earned bonus is paid in order to receive the bonus.
    • Customer must bring in mailer or use offer code to receive incentive.
    • Offer may only be redeemed by the intended recipient and is nontransferable.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    This account has no monthly fees to worry about.

    Early Account Termination Fee

    A fee is imposed if account is closed within 90 days, unsure what the fee.

    Our Verdict

    Good bonus if it’s available to everybody and not targeted. Funds only need to be there on day 90, but worth putting the funds in there a few days early to make sure. We will add this to our list of the best bank bonuses.

    Hat tip to reader ShawntheShawn

    Useful posts regarding bank bonuses:

    William Charles

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  • [IL, NE, KS, TX, CO, In Branch] FNBO Bank $500 Business Checking Bonus – Doctor Of Credit

    [IL, NE, KS, TX, CO, In Branch] FNBO Bank $500 Business Checking Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $500
    • Availability: In branch only. Chicago, Omaha, Kansas City, Denver, and Dallas
    • Direct deposit required:No
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown, sensitive
    • Credit card funding: None
    • Monthly fees: No
    • Early account termination fee: None
    • Household limit: No
    • Expiration date: 8/31/24

    The Offer

    Direct link to offer

    • FNBO Bank is offering a bonus of $200 or $500. Requirements are as follows:
      • Open your account at a branch and mention promo code BIZCHECKING.
      • Fund your account within 31 days of opening your account a qualifying deposit of $10,000 or more.
      • Maintain your balance for 93 days from account opening.
        • Deposit $10,000 – $19,999.99 and Earn $200
        • Deposit $20,000 and above and Earn $500

    The Fine Print

    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    This account has no monthly fees to worry about.

    Early Account Termination Fee

    I wasn’t able to find a fee schedule.

    Our Verdict

    Unfortunately it’s in branch only. You need to maintain funds for 93 days, for the $500 bonus that works out to be ~10% annualized return. The $200 bonus works out to be ~8% annualized return. Looks like deposits need to be cash?

    Useful posts regarding bank bonuses:

    William Charles

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  • [IL] First Bank of Manhattan $300 Checking Bonus – Doctor Of Credit

    [IL] First Bank of Manhattan $300 Checking Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $300
    • Availability: IL [Branch locations]
    • Direct deposit required: Yes, no minimum specified
    • Additional requirements: See below
    • Hard/soft pull: Unknown
    • ChexSystems: Unknown
    • Credit card funding: Unknown
    • Monthly fees: None
    • Early account termination fee: 180 days, bonus forfeit
    • Household limit:
    • Expiration date: 4/30/24

    The Offer

    Direct link to offer (terms here)

    • First Bank of Manhattan is offering a $300 bonus when you open a new checking account and complete the following requirements:
      • Have an opening deposit of $100+
      • Have a qualifying recurring direct deposit set up and post to your account within 90 calendar days of account opening
      • Make 10 debit card transactions totaling $250 per statement cycle (beginning with the first full statement cycle
      • Enroll and log into online banking/mobile app and estatements within 90 days of account opening.

    The Fine Print

    • Offer is for new checking customer only. Account must be opened with new money. New money is money not held in an account at First Bank of Manhattan at the time of account opening. Offer cannot be combined with any other consumer deposit offer (limit one bonus per
      customer/account).
    • If all bonus qualifications are met, you will receive a bonus credit to your account within 30 days of the end of the qualification period. Account must remain open and active in order to receive the bonus. Offer expires 4/30/2024.
    • A qualifying Direct Deposit is defined as a recurring Direct Deposit of a paycheck, pension, Social Security, or other regular monthly income electronically deposited by an employer or an outside agency into the account. Credit card cash advance transfers and transfers from one
      account to another or deposits made at a branch or ATM do not qualify as qualifying Direct Deposits. Direct deposits processed as a Debit Card credit or via Account to Account or Peer to Peer (e.g., Zelle®, Venmo) transfers do not qualify
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    This account has no monthly fees to worry about.

    Early Account Termination Fee

    Bonus forfeit if account is closed within 180 days.

    Our Verdict

    Not where I thought this bank would be located, but the actual deal seems to be good.

    Hat tip to reader Bockrr

    Useful posts regarding bank bonuses:

    William Charles

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  • [IA, IL] Blackhawk Bank & Trust $100 Checking Bonus – Doctor Of Credit

    [IA, IL] Blackhawk Bank & Trust $100 Checking Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $100
    • Availability: IA, IL
    • Direct deposit required: Yes, ach counts
    • Additional requirements: Below
    • Hard/soft pull: Unknown
    • ChexSystems: Unknown
    • Credit card funding: Unknown
    • Monthly fees: None
    • Early account termination fee: Unknown
    • Household limit: None
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • Blackhawk Bank & Trust is offering a $100 bonus when you open a new checking account and complete the following requirements:
      • Maintains the account for 180 calendar days from account opening.
      • Has at least sixty (60) total posted and settled debit card transactions (or at least ten (10) per monthly statement cycle).
      • Has at least six (6) total posted and settled direct deposits or automatic payments (ACH) (or at least one (1) per monthly statement cycle).
      • Remains enrolled in E-statements during each monthly statement cycle. Minimum balance to open account is $50.

    The Fine Print

    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    This account has no monthly fees

    Early Account Termination Fee

    I wasn’t able to find a fee schedule so unsure if there is any EATF.

    Our Verdict

    A lot of requirements for only a $100 bonus, don’t think this is worth doing personally (especially the debit card requirement) but might be worth it for some people. We won’t add it to the best bank account bonuses.

    Useful posts regarding bank bonuses:

    William Charles

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  • [FL, IL, IN, MO] Busey Bank $300 Checking Bonus – Doctor Of Credit

    [FL, IL, IN, MO] Busey Bank $300 Checking Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $300
    • Availability: FL, IL, IN, MO
    • Direct deposit required: Yes, $1,000+
    • Additional requirements: See below
    • Hard/soft pull: Unknown
    • ChexSystems: Yes
    • Credit card funding: Up to $500
    • Monthly fees: $5, avoidable
    • Early account termination fee: Unknown
    • Household limit: None
    • Expiration date: None

    The Offer

    Direct link to offer

    • Busey Bank is offering a $300 bonus when you open a new checking account and complete the following requirements:
      • Use promo code BUSEY300
      • Have a cumulative direct deposit of at least $1,000 within the first 90 days of opening the account and
      • Activate and use your Busey Debit Mastercard for at least 3 transactions within the first 90 days of opening the account and
      • Enroll in Online Banking with eStatement

    The Fine Print

    • Offer valid for limited time and is available only when opening using the unique offer code for accounts opened online and who qualify as outlined below.
    • You will not qualify for the $300 credit if you are an existing Busey personal checking account customer, you are a Busey Bank employee, OR had a previous personal checking account that was closed within the preceding 12 months OR have received a prior personal checking account incentive at any time. To receive the $300 credit, you must 1) open a new Busey Pillar Banking or Foundation Checking account online; AND 2) complete each of the following within the first 90 days of account opening: Set up cumulative direct deposits totaling at least $1,000 into this account, activate and use your Busey Debit Mastercard for at least 3 transactions, and enroll in online banking with eStatements.
    • Your direct deposits need to be an electronic deposit of your paycheck, pension, government benefits (such as Social Security) from your employer or the government. Person-to-Person and bank transfers between your Busey accounts are not considered a direct deposit. The $300 will be credited into your new account within 10 business days of the preceding month after completing each of the qualifying activity requirements. To receive the credit, your checking account must be open and in good standing.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Foundation checking has no monthly fee with direct deposit or average balance of $100; otherwise, pay a $5 monthly fee.

    Early Account Termination Fee

    I wasn’t able to find a fee schedule so unsure if there is any EATF.

    Our Verdict

    Think this is worth doing as it’s a large bonus, we just don’t have any datapoints on what works as a direct deposit. We will add this to our list of the best bank account bonuses.

    Hat tip to reader Gadget

    Useful posts regarding bank bonuses:

    William Charles

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  • [IL, MI, MO, CA, FL & WI] CIBC US $200 Checking Bonus – In Branch Only – Doctor Of Credit

    [IL, MI, MO, CA, FL & WI] CIBC US $200 Checking Bonus – In Branch Only – Doctor Of Credit

    Update 2/22/24: CIBC now has branches in CA (SF) and FL (Palm Beach). Hat tip to RM

    Update 5/15/23: Deal is back. Hat tip to TOm

    Offer at a glance

    • Maximum bonus amount: $200
    • Availability: In branch only, branches are in IL, MI, MO & WI [Branch locations]
    • Direct deposit required: Direct deposit or ACH automated debit transaction
    • Additional requirements: eStatements
    • Hard/soft pull: Soft pull
    • ChexSystems: Yes
    • Credit card funding: None
    • Monthly fees: None
    • Early account termination fee:
    • Household limit: None listed
    • Expiration date: December 31st, 2019

    The Offer

    Direct link to offer

    • CIBC is offering a $200 checking bonus when you open a new iCan or MyChoice account in branch when you meet the following requirements:
      • Open account with a minimum of $500+
      • Receive at least one direct deposit or ACH automated debit transaction
      • Elect to receive electronic statements

    The Fine Print

    • Bonus will post within 100 days of account opening if requirements are met
    • The account must remain open on the payment date to receive the bonus
    • Only one bonus per person is allowed
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Looks like all the checking accounts are now fee free.

    Early Account Termination Fee

    There is a $25 early account termination fee if the account is closed within 90 days.

    Our Verdict

    We’ve previously posted another CIBC US deal for $300 that could be opened online but was only available to certain employer groupers. Some people were to sign up anyway and then their accounts were closed but CIBC did send them $150 check for the inconvenience. That’s always a good sign in terms of customer service in my opinion. This one should be open to anybody who can get to a branch, even if you live out of state. Definitely worth doing if you’re in the area as it seems like any ACH will trigger the direct deposit requirement. I’ve added it to the best bank bonus page.

    Big thanks to reader, Jason who let us know. Learn how to find bonuses and contribute to the site here.

    Useful posts regarding bank bonuses:

    Post history:

    • Update 8/4/19: Bonus is back for 2019.

    William Charles

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  • [FL, GA, IL, IN, KY, MI, NC, OH, TN, WV, SC] Fifth Third $350 Checking Bonus – Doctor Of Credit

    [FL, GA, IL, IN, KY, MI, NC, OH, TN, WV, SC] Fifth Third $350 Checking Bonus – Doctor Of Credit

    Update 10/28/23: Bonus now $350. Hat tip to Etheostoma

    Update 5/1/23: Bonus now $225.

    Update 2/27/23: Bonus reduced to $275.

    Update 12/2/22: Bonus now $325. Better to wait for $375 to return.

    Update 9/17/22: Bonus is now $250. We have removed this from the best bank bonus page as previously it was $375.

    Update 7/4/22: Extended through September 30, 2022.

    Update 6/11/22: Bonus has been increased to $375.

    Update 5/2/22: Bonus is now $350 instead of $300. Direct deposit requirement reduced to $500 from $1,000.

    Update 4/2/22: Extended until June 30, 2022.

    Update 1/6/22: Extended until 03/31.

    Update 9/8/21: Deal is back and valid until December 31, 2021.

    Update 7/25/21: Deal is back and valid until Sep 30.

    Update 4/12/21: Deal is back until June 30, 2021.

    Update 1/6/2021: Deal is back and valid until March 31, 2021. Online opening no longer offered. Hat tip to reader AllwaysLearning22.

    Update 9/16/20: Deal is back and now requires $2,000 (or $1,000) in direct deposits unfortunately. Better to wait for the no direct deposit deal to return.

    Offer at a glance

    • Maximum bonus amount: $375
    • Availability: Only in the following states: FL, GA, IL, IN, KY, MI, NC, OH, TN, WV, SC (may be only for those within a 50-mile radius of a branch). A lot of the time you’ll need to go in branch to complete the account opening.
    • Direct deposit required: $500+
    • Additional requirements: None
    • Hard/soft pull: Soft
    • ChexSystems: Yes
    • Credit card funding: None
    • Monthly fees: None
    • Early account termination fee: None listed
    • Household limit: None
    • Expiration date: September 30th, 2017 December 31st, 2017. March 31st, 2018 June 30th, 2018 September 30th, 2018 December 31st, 2018 March 31st, 2019 April 30th, 2019 June 30th, 2019 October 31st, 2019. August 31, 2020. September 30th, 2020 October 31, 2020 December 31, 2020 March 31, 2021 Note these offers are known to expire earlier than the expiration date so do not leave it to the last minute.

    The Offer

    Direct link to offer

    • Fifth Third is offering a $350 bonus when you open a new Fifth Third Essential checking account when you complete the following requirements:
      • Make direct deposits totaling $500 or more within 90 days of account opening

     

     

    The Fine Print

    • Offer not available to existing checking or Express Banking customers or to those with a Fifth Third Checking or Express Banking account that has been closed within the last 12 months.
    • Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year.
    • Essential Checking account must be opened between 1/1/2021 and 3/31/2021.
    • Bonus will be deposited into your new checking account within 10 business days of completing requirements.
    • Basic Checking, Express Banking and Business Checking accounts are excluded from this offer.
    • Bonus may be taxable as interest income and reported on IRS Form 1099-INT.

    Avoiding Fees

    Some states are able to open the Free Checking Account with Extra time (now called Momentum checking), that’s the best option if available. Kentucky, Ohio, Indiana, Illinois, and Michigan all have the free option. Other states have another free checking offer.

    Early Account Termination Fee

    This account does not have an early account termination fee

    Our Verdict

    Fifth Third used to to offer a $300 bonus with no direct deposit or a $500 bonus with a direct deposit but neither of those offers have been seen since 2019. The standard bonus has been $300, so this is an increased offer by $50. We will be adding this to our best bank bonus page.

    Useful posts regarding bank bonuses:

    Post history:

    • Update: Some offers now requiring direct deposit, make sure to triple check your offer.
    • Update 6/12/20: Deal is back and valid until August 31, 2020. It looks like they are split testing offers though as I’ve seen offers for $50, $150 and $250 depending on the device I used. Make sure you see the $250 offer before applying, the $150 also has a direct deposit requirement whereas the $250 offer does not.  You can try using a VPN or clearing cookies to get the $250 offer to show. Hat tip to reader newbie & Ben
    • Update 1/4/20: Deal is back and valid until April 30th, 2020. This replaces the $500 deal. A lot of people will prefer this deal as it only requires $500 to be deposited rather than $20,000.
    • Update 7/1/19: Deal has been extended until September 30th, 2019
    • Update 5/20/19: Deal has been extended until June 30th, 2019. Hat tip to YAR
    • Update 1/6/19: Bonus is $250, I’d still recommend waiting for a bonus of $300 instead. There was also a recent $200 + $200 deal as well.
    • Update  07/01/18: Bonus has been extended until September 30th, 2018 but reduced to $200. I’d recommend waiting for the bigger $300 bonus to come back.
    • Update 04/02/18: Bonus is now $250 instead of $200. Can be opened online (e-mail yourself a coupon and then follow the prompts)
    • Update 01/07/18: Bonus is back but is now only $200 instead of $300. Might be worth waiting for a bigger bonus to come along.
    • Bonus has been increased to $300 and can be opened online again! Hat tip to reader Yaobang. Looks like $300 offer is only showing for some people, try incognito mode or google search for ‘Fifth Third’ or ‘Fifth Third $300’ and see if there is an ad for the offer or look at the comments for more ideas.

    William Charles

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