[NE, IA, SD, MN] Northwest Bank $155 Checking Bonus

Update 3/11/24: Now with an extra $55. Hat tip to Bockrr

Offer at a glance

• Maximum bonus amount: $100
• Availability: To apply online, you must be 18 or older, a U.S. citizen or resident alien, and have a U.S. address within the states of Iowa, Nebraska, Minnesota or South Dakota
• Direct deposit required: Unknown
• Additional requirements: Unknown
• Hard/soft pull:Soft pull
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: $50, 90 days
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• Northwest Bank is offering a bonus of $100 when you open a new checking account and complete the following requirements:
  • Meet with a Northwest Bank Personal Bank
  • Select 4 new products or services from the available list, they don’t provide the actual list

The Fine Print

• Not available with any other cash back offer.
• Cash incentive is only available when you meet with a Northwest Bank Personal Banker and select 4 new products or services from the available list.
• Northwest Bank checking account is required.
• The minimum opening balance of $10 is required to receive the bonus; bonus will be deposited into your Northwest Checking account within 7 business days of completing your banker meeting.
• If you received the $100 bonus offer as a result of opening a new checking account, your new checking account is subject to an early account closing fee of $50 (if you close your new account within 90 days of account opening). 0.00% APY effective 6/1/2019. Member FDIC.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

They offer a free checking account with no monthly fees to worry about.

Early Account Termination Fee

$50 fee charged if closed within 90 days of account opening

Our Verdict

We don’t know what the available list is for the 4 items required, so impossible to say if this is a good or bad deal. I imagine it’s probably a bad deal because you need to go in branch and the bonus is only for $100.

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