Update 6/29/24: Deal is back and valid until August 30, 2024. Hat tip to SecondMouse
Update 12/2/23: Deal is back and valid until 12/31/23. Looks like it can be opened online in all states except: CA, CO, KS, KY, LA, NJ, NY, OH, OR, PA, TX, FL.
Update 6/25/23: Deal is back and valid until 9/30/2023.
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
Always nice to see a bonus with no monthly fees to worry about. We will add this to our list of the best bank account bonuses.
Useful posts regarding bank bonuses:
