[OK, AZ] MidFirst $300 Business Checking Bonus

Update 1/9/25: Deal is back until 3/31/2025.

Update 1/9/22: Bonus is back and valid until 3/31/22. Hat tip to reader Daniel J

Offer at a glance

  • Maximum bonus amount: $250
  • Availability: OK, AZ,In branch only [Branch location finder]
  • Direct deposit required: No
  • Additional requirements: See below
  • Hard/soft pull: Soft
  • ChexSystems: Unknown
  • Credit card funding: None
  • Monthly fees: Avoidable
  • Early account termination fee: Account must be open at time of bonus posting
  • Household limit: None mentioned
  • Expiration date: March 29th, 2019 March 31st, 2020. April 30th, 2020 3/31/22

The Offer

Direct link to offer

  • MidFirst Bank is offering a bonus of $300 when you open a new business checking account and complete the following requirements:
    • Maintain an average balance of at least $1,000
    • Enroll in Business Online Banking

 

The Fine Print

  • Offer available in select banking centers only.
  • Offer is limited to a business relationship with no existing or previous MidFirst business checking account.
  • Offer valid for accounts opened 1/2/19 – 3/29/19.
  • Offer subject to change without notice and is not valid with any other offers.
  • Limit one promotional account per business relationship.
  • Offer opportunity is $250 per account when requirements are met within 90 days of account opening: (1) Maintain a year-to-date average ledger balance of at least $750; (2) Enroll in business online banking, either iManage Business Express® (iMBX) or iManage Business Banking® (iMBB); and (3) 25 Bill Pay payments and/or Business Visa Debit Card transactions of a value of at least $25 each or apply for and be approved for a Business Credit Card and make at least one purchase within 90 days of promotional business checking account opening; cash advances do not qualify; $25 minimum purchase required.
  • Account must remain open, active, and in good standing at the time of account credit.
  • Accounts closed within 90 days of opening may be subject to an account closing fee and will forfeit amount equal to the offer value.
  • Account will receive promotional credit within 110 days from account opening.
  • IOLTA accounts are not eligible for the promotion.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Easiest account to keep fee free is the basic business checking account, there is no monthly fee with average monthly ledger of $500+ and eStatements.

Early Account Termination Fee

Account needs to be kept open for the bonus to post

Our Verdict

Looks like you only get 10 bill pays per month for free, so that is something to keep in mind. Previous best business checking bonus was $125, this is significantly better than that and I do think this current bonus is worth doing. I’ll be adding this to our list of the best checking account bonuses.

Useful posts regarding bank bonuses:
    William Charles
  • On January 9, 2025, 12:00

View Comments (18)

  • Just dropped in to open a business account for the promo. They did look up my “business” on the state registrar site during opening. My sole prop business was not listed but was able to talk them into opening it as AZ does not technically require you to register your sole prop. Seems like it would really depend on the banker but should be able to open with a sole prop type business.

    • Can confirm this is also active in Houston branches. Saw this offer on placards everywhere last week alongside the personal bonus.

        • Can't remember if it was $300 or $350. Might be mixing the amounts up with the personal bonus though. I'd call into a branch and ask them about their promotions

        • Probably not. I'm still testing the household limit on the personal bonus which is giving a ton of headaches. Opening in branch and having to come in again after waiting a day on manager approval is super annoying.

          • Yeah that would be very annoying. You are waiting on a manager approval to override the household limit, or chex objections?

            I was thinking possibly open personal at one branch, then biz at another.

  • 12/14/2024 Opened account in person in Houston, TX. They did not mention anything about Chex.
    12/31/2024 $1,000 direct deposit hit
    1/7/2025 $350 bonus posted

    • Do you also have a personal account with them? If so did you open this biz account under a sole prop. or an LLC?

      • Ah shoot, I just realized I posted this on the wrong thread. I did the personal account bonus, not the business one. Sorry!

  • The offer doesn't say it's restricted to OK and AZ, just find your nearest branch. There's one near me in CO. Tempted...

    • I just opened my account at the Cherry Creek location (a representative at the other branch said they didn't have the ability to open business accounts). Certain things to note. Make sure they are able to search you up through the CO Secretary of State website (it only costs $20 to file a document for a trade name, it processes immediately after paying) otherwise they won't open an account with you. Maybe you won't have to go through that with Reuben but Suzanna is definitely a stickler. There isn't a code they input during account opening but they do have a $250 bonus flyer that they can provide just in case they don't pay out. This is the first time I've ever heard of it but there may be an inactivity fee if you don't log into your online account at least once every month. Not sure if that one is enforced.

  • "Offer is limited to a business relationship with no existing or previous MidFirst business checking account." OUCH.

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