[CO, IA, MN, WI] MidWestOne Financial institution $350 Checking Bonus, Direct Deposit Not Required

Replace 5/25/25: Bonus is now $350.

Replace 7/5/20: Deal is again, there’s now a zipper code checker so hopefully individuals will really be authorised now (replace: Looks like the identical concern is happening). Hat tip to reader REJECTION. 

Replace: Looks like all people is being denied with the ‘Thanks in your curiosity in our Energy Checking product. Sadly, you don’t reside in our market and subsequently are ineligible to take part.’ Due to this we gained’t be including this to our greatest financial institution bonus web page.

Provide at a look

• Most bonus quantity: $225
• Availability: CO, FL, MN, WI
• Direct deposit required: Non-compulsory
• Further necessities: eStatements & 15 debit card transactions
• Laborious/comfortable pull: Tender pull
• ChexSystems: Unknown
• Bank card funding: Unknown
• Month-to-month charges: None
• Early account termination payment: Bonus forfeit if closed inside six months
• Family restrict: One
• Expiration date: None listed

The Provide

Direct hyperlink to supply

• MidWestOne Financial institution is providing a bonus of $225 whenever you open a brand new energy checking account and qualify for energy checking rewards in one of many first three energy checking assertion cycles:
  • Have a minimum of one direct deposit, automated debit from a 3rd get together, or On-line Invoice Pay submit and clear.
  • Obtain eStatements
  • Have a minimum of 15 Debit Card purchases submit and clear

The Fantastic Print

• Energy Checking account should be opened on-line utilizing URL: https://www.MidWestOne.financial institution/Power225 or redeemed in-person by presenting mailer at time of account opening.
• Restrict one per family.
• You’ll obtain the $225 deposit into your Energy Checking account inside 15 enterprise days after getting certified for Energy Checking rewards in one of many first three Energy Checking assertion cycles after account opening.
• The “qualification cycle” is identical as the present assertion cycle.
• The assertion cycle ends on the fourth Wednesday of every month.
• $225 bonus will likely be forfeited if account is closed inside 6 months of account opening.
• Bonus will likely be reported to the IRS as miscellaneous revenue.
• Not legitimate with another checking account provide.
• You aren’t required to open a Energy Financial savings account to qualify for $225 bonus.
• All checking account bonuses are handled as revenue/curiosity and as such you need to pay taxes on them

Avoiding Charges

Month-to-month Charges

This account has no month-to-month charges to fret about

Early Account Termination Payment

Bonus will likely be forfeit if the account is closed inside six months of account opening

Our Verdict

Looks like a comparatively straightforward bonus to satisfy the necessities for, evidently they don’t approve accounts routinely so there is likely to be some guide approval concerned. We are going to add this bonus to our greatest financial institution bonus web page.

Hat tip to reader Chris W

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