We’ve been getting tipped off on new checking deals right and left this week as Black Friday and Cyber Monday Deals continue rolling in.
Since the drastic increase of these bonuses we’ve updated our checking account promotions page to include all of the top offers currently available throughout the country. When we disclose checking account deals here, we not only take into account actual monetary incentives (cash bonuses) for signing-up but also the fees associated with the accounts, minimum balance requirements, ATM fee reimbursement, and all other requirements generally smothered in the bank or credit union’s fine print.
Today, we’d like to quickly highlight the newest offer to roll in. It’s not particularly our favorite due to the vast amount of strings attached to the cash bonuses, but it does come with the potential to net new customers $200 if you can meet requirements.
The deal comes from MB Financial based out of Chicago and is only available to residents within it’s geographical borders. This includes citizens of Illinois, Indiana and Pennsylvania. Although just a regional bank, MB is publicly traded (Nasdaq: MBFI) and controls roughly $10 billion in assets.
Terms for Checking Account Bonus:
The $200 checking bonus is broken up into segments which, when completed, will net you a portion of the overall $200. Here is the breakdown of these individual segments:
- Earn $100 for setting up a recurring monthly direct deposit of at least $500.
- Earn $50 for setting up a recurring automatic money transfer of at least $50 to another MB Financial personal savings account or money market account or certificate of deposit.
- Earn a $25 account credit when you pay at least one bill of $25 or more to non-individuals via bill pay at ibankmb.com
- Earn the final $25 when you enroll in e-statements.
So while a $200 bonus sounds quite enticing and lucrative, generally speaking new customers are rarely able to cash in on these types of tiered bonuses as it essentially requires you to make the new bank your primary bank.
For a more simple bonus, check out ING Direct’s limited time checking bonus. It’s only 50 bucks but it comes with no strings attached and zero fees.