[Expired] [IL, MO & More] Midland States Bank $250 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here.

Update 8/31/24: Extended until Offer ends November 15, 2024.

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, AZ.

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

Maximum bonus amount: $250
Availability: IL, MO
Direct deposit required: Yes, $1,500+
Additional requirements: See below
Hard/soft pull: Soft pull
ChexSystems: Yes, not sensitive
Credit card funding: None
Monthly fees: None
Early account termination fee: $40 if closed within six months
Household limit: None listed
Expiration date:January 31, 2023

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Monthly Fees
- 3.2 Early Account Termination Fee
4 Our Verdict

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