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
Contents
The 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
View Comments (7)
It actually sounds pretty easy.
Enroll in bill pay, enroll in zelle, enroll in e-statements, and add your card to Apple wallet. It seems that these four things will get you the bonus
That’s a lot of work for $155…
Here are the options for the 4 "products". The compass rewards checking account also offers 3% up to 25k for 12 debit transactions. https://www.bank-northwest.com/personal/checking/compare-checking-options
Choose the checking account that best works for you, then come in and visit with one of our personal bankers. We'll deposit $100 in your checking account when you pick a minimum of 4 new products or services to get started with below.
Refer-a-Friend
Set-up Two ACH Payments
Open a Saving Account/CD
Set-up a meeting with a Wealth Advisor
Apply for a Consumer Loan
Enroll in Credit Sense***
Set-up Direct Deposit
Mobile Deposit $5
"Like Us Twice" (Facebook, LinkedIn, Twitter, Instagram)
Apply for a Northwest Bank Credit Card
Apply for Home Equity Line of Credit
Get a free Insurance Quote **
Might have to scope this out but seems a little harsh that they make you take out 4 products in addition to base checking account.
You mean I have to talk to another human and present myself in public for this bonus?...
I had to do that with Wells Fargo last year.. but I think it was for $600 so worth it lol.
Ain't Nobody Got Time Fo' Dat!