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

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

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:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times