Find the most up-to-date list of First Midwest Bank bonuses, promotions, and offers here.
Currently, they have bonuses ranging from $25 to $500 for personal and business checking accounts.
First Midwest Bank Bonuses Review
First Midwest Bank is headquartered in Chicago, Illinois and was established in 1933. Since then they have grown to 117 locations and boasts an A+ health rating.
- Availability: IL, IN, IA (Bank Locator)
- Credit Inquiry: Soft Pull
First Midwest Bank rates are not that competitive, so be sure to check our best rates Savings, Money Market, and CD accounts.
If you are not interested in the promotion above, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
I’ll go over all First Midwest Bank offers below.
First Midwest Bank $25 Referral Bonus
First Midwest Bank is offering a $25 when you open refer someone to open a new qualifying checking account.
- What you’ll get: $25 Bonus
- Eligible account: Savings or Checking Account
- Where it’s available: IL, IN, IA
(Does Not Expire)
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($300 Bonus Offer) | SoFi Checking & Savings Account ($325 bonus) |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Fill out the “Tell a Friend” form with proper information
- Give to friend and have them visit a local branch to open an account
- Referral must open a checking, savings, or money market account with $100 minimum opening deposit
- Limited time offer
- May be withdrawn at any time
- May not be combined with any other offer
- The person making the referral: must have a personal First Midwest Bank Checking, Savings or Money Market account
- (Health Savings Accounts, Investor Reserve Savings Accounts, and IRA Money Market Accounts do not qualify)
- Limited to one $25 award per referred address
- You are responsible for all applicable taxes
- Addresses used in previous Tell-a-Friend referrals are not eligible for this offer
- $25 may be subject to tax reporting
- First Midwest Bank employees are not eligible
- Photocopies of this coupon are not accepted
- $25 credit may take up to 30 days to appear in account
First Midwest Bank $500 Business Checking Bonus (Expired)
First Midwest Bank is offering a $500 when you open a new qualifying business checking account.
- What you’ll get: $500 Bonus
- Eligible account: Essential Business Checking Account
- Where it’s available: IL, IN, IA
(Expires November 30, 2021)
| Chase Business Checking ($300 or $500 Bonus) | Axos Business Premium Savings ($375 Bonus) |
| Axos Bank Basic Business Checking ($400 Bonus) | Axos Bank Business Interest Checking ($400 Bonus) |
| Huntington Unlimited Plus Business Checking ($1,000 Bonus) | Huntington Unlimited Business Checking ($400 Bonus) |
| Bluevine Business Checking ($300 Bonus) | Bank of America Business Checking ($200 bonus offer) |
| U.S. Bank Business Checking ( $500 or $900 Bonus) | |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Open any new Essential Business Checking account by November 30, 2021, and do the following:
- Make at least 15 debit or credit transactions within the first three statement periods.
- Maintain a $2,500 average collected balance for the first three statement periods.
- Check your account balance on Business Express, our Business Online Banking platform, within the first 60 days of account opening.
- Once all requirements have been met, $500 credit will be issued as a credit to the account approximately 120 calendar days after account opening.
- The account must be open with a balance greater than zero on the day of bonus processing to receive the $500 credit.
- Promotional credit may be subject to IRS 1099-INT form reporting and may be considered taxable as interest income to you.
- Consult your tax advisor.
- Other than opening the account and completing listed activities, no purchase is necessary.
- Limit of one bonus per client, regardless of the number of accounts and includes all entities owned by or associated with client.
- If multiple accounts are opened with the same signers, only one account will be eligible for the premium.
- Limit of one bonus per mailing address.
- Offer is not available to existing First Midwest Business checking clients (including authorized signers on multiple accounts), accounts that have been closed within the past 24 months, business clients who received a promotional bonus in the last 36 months or First Midwest colleagues.
- This offer is subject to change and may be discontinued at any time.
- Bonus is not available to local, state, or federal government entities or agencies.
- Offer available to businesses located within Illinois, Indiana, Iowa, and Wisconsin and must be opened inside the branch only.
First Midwest Bank $300 Checking Bonus (Expired)
First Midwest Bank is offering a $300 when you open a new qualifying checking account.
- What you’ll get: $300 Bonus
- Eligible account: Easy, Midwest, or Diamond Checking Account
- Where it’s available: IL, IN, IA
(Expired)
| Chase Private Client ($3,000 Bonus) | Fifth Third Preferred Checking ($300 Bonus) |
| KeyBank Checking ($300 bonus) | |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Open an Easy, Midwest, or Diamond Checking account by 9/28/19
- $100 minimum opening deposit
- Within 60 days of account opening:
- Make 10 debit card transactions
- Make deposits totaling $2,500 or more
- Enroll in online banking and e-statements
- Once all requirements have been met, $300 bonus will be issued as a credit to the account within 30 calendar days of the transactions being verified, following the 90 day period from opening
- The account must be open with a positive balance to receive payout
- Promotional credit may be subject to IRS 1099-INT form reporting and may be considered taxable as interest income to you
- Offer only available to residents of Illinois, Indiana, Iowa and Wisconsin
- Consult your tax advisor
- Limit of one bonus per client, regardless of the number of accounts opened
- Offer may be changed or withdrawn at any time without notice
- Offer is not available to existing First Midwest Personal checking clients, accounts that have been closed within 90 days or First Midwest colleagues
How To Waive Monthly Fees
- Student Checking: None
- Easy Checking: $8.99 monthly fee. Waived with one of the following:
- Make qualifying deposits of $100 or more into the account per analysis period
- Maintain an Average Daily Balance of $100
- Upon request if the Account owner is at least 65 years old
- MidWest Checking: $12 monthly fee. Waived with one of the following:
- Make qualifying direct deposits of $1,000 or more per analysis period
- Maintain a minimum daily ledger balance of $2,500
- Diamond Checking: $20 monthly fee. Waived with one of the following:
- Maintain a Mortgage, Home Equity Loan or Line, Personal Trust or Private Banking relationship
- Maintain a $25,000 combined Average Daily Balance in First Midwest checking, savings, money market Accounts and/or Certificate of Deposits
- Maintain a First Midwest Financial Network relationship with a minimum of $25,000 in invested balances
- Statement Savings: $5 monthly fee. Waived with one of the following:
- Maintain a minimum daily Ledger Balance of $200
- Upon request, if the Account owner is less than 18 years old
- Upon request, for the first six (6) analysis periods if you set up an automatic transfer of $25 or more from a Midwest Checking account
- Investor Reserve Savings: $25 monthly fee. Maintain a minimum daily ledger balance of $1,000 to avoid the monthly account fee.
- Diamond Savings: $25 monthly fee. Waived with one of the following:
- Maintain an automatic minimum monthly transfer of $50 or more from your Diamond Checking or Diamond Elite Checking Account to your Diamond Savings Account
- Maintain a minimum daily ledger balance of $1,000
- Money Market: $15 monthly fee. Maintain a minimum daily Ledger Balance of $1,000 to avoid the monthly account fee.
- Premier Money Market: $25 monthly fee. Maintain a minimum daily Ledger Balance of $2,500 to avoid the monthly account fee.
- Diamond Money Market: $25 monthly fee. Maintain a minimum daily Ledger Balance of $2,500 to avoid the monthly account fee.
- Essential Business Checking: $15 monthly fee. Maintain a $1,500 minimum in average collected balance to avoid the monthly account fee.
- Essential Business Checking Plus: $25 monthly fee. Maintain a $5,000 minimum in average collected balance to avoid the monthly account fee.
- Essential Business Checking Deluxe: $80 monthly fee. Maintain a $75,000 minimum in average collected balance in combined business deposit accounts to avoid the monthly account fee.
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Conclusion
These are the current First Midwest Bank bonuses and offers. All three offers provide pretty great bonuses with a variety of options and accounts so if this interests your take advantage! On top of they trigger soft pulls so it will not harm your credit.
Your feedback makes this site even better, so please leave a comment below on your experience and thoughts on this bonus offer!
Check back often for more First Midwest Bank Bonuses, Promotions, or Offers!
