Northwest Bank of Rockford Bonuses: $300 Checking Promotion (IL)

Find the latest Northwest Bank of Rockford bonuses, promotions, and offers here.

Currently, Northwest Bank of Rockford is offering $300 bonuses when you open a qualifying account and meet all the requirements.

Northwest Bank of Rockford Bonuses Review

Northwest Bank of Rockford is headquartered in ROCKFORD and is the 120th largest bank in the state of Illinois. It is also the 2,104th largest bank in the nation. It was established in 1972 and as of March of 2023, it had grown to 57 employees at 4 locations. Northwest Bank of Rockford has a B+ health rating.

I’ll go over the Northwest Bank of Rockford bonuses & offers below.

Northwest Bank of Rockford $300 Checking Bonus

Earn a $300 bonus when you open qualifying checking account and meeting certain requirements.

• What you’ll get: $300 Bonus
• Eligible account: Checking
• Availability: IL (Locator)
• Credit Inquiry: Hard Pull or Soft Pull? Let us know.
• Direct Deposit Required: Yes
• Monthly Fees: None
• How to earn it:
  • Open a new checking account.
  • To receive a $300.00 bonus, you must have 3 direct ACH deposits made into this account and sign up for e-statements.
  • Each direct deposit must be at least $300.00 or more posted to this account within 90 calendar days of account opening.

(Limited time offer)

Fine Print

• Eligibility Requirements: This offer is for new consumer checking customers only.
• Existing Northwest Bank customers with only a loan, a savings account and/or business checking account are eligible for the offer.
• You are not eligible for this offer if: (1) You are a current Northwest Bank of Rockford customer and (2) you already have a consumer checking account with the bank (either in your own name or with multiple individuals). Minimum amount to open account may range from $25 to $100 depending on the account type.
• To receive a $300.00 bonus, you must have 3 direct ACH deposits made into this account and sign up for e-statements.
• Each direct deposit must be at least $300.00 or more posted to this account within 90 calendar days of account opening.
• A qualifying direct deposit is an ACH (Automated Clearing House) automatic electronic deposit of your salary, pension, Social Security, or other regular income into your bank account.
• Confirm with your employer, agency or company making these payments that they use the ACH network.
• Transfers from one account to another, mobile deposits, Person to Person payments (such as Zelle®) or deposits made at a branch or ATM don’t qualify as a direct deposit.
• If 90th calendar day falls on a weekend or holiday, the following business day will be used to qualify for the promotion.
• If the account is closed by the customer or bank within 90 business days after opening, we may deduct any bonus earned and received at closing, and an account closing fee may be assessed.
• Closing the account will negate any unearned bonus.
• All bonus dollars will be paid in 30 days after the 90-day qualification requirements are met and will be deposited into the new checking account.
• The bonus will be paid on the account opened first if multiple consumer checking accounts are opened during the promotional period.
• An IRS 1099 form may be issued.
• You are responsible for any federal, state, or local taxes due on the bonus and will report income to the tax authorities if applicable.
• Consult your tax advisor.
• Additional Terms and Conditions:
• The offer may be discontinued or changed at any time without notice.
• Geographic restrictions may apply.
• HSA accounts are not eligible for the bonus.
• Account opening is subject to approval.

How To Waive Monthly Fee

• Freedom Checking: No monthly fee. A $3.00 monthly paper statement fee will be charged when not signing up for eStatements.
• My Rewards Checking: No monthly fee. A $3.00 monthly paper statement fee will be charged when not signing up for eStatements.
• Pinnacle Plus Club Checking: No monthly fee. A $3.00 monthly paper statement fee will be charged when not signing up for eStatements.
• Enterprise Free Checking Account: No monthly fee.
• Enterprise Account Analysis Checking Account: With the Enterprise Account Analysis checking account, you’ll be able to offset transaction fees and other costs with compensating balances that remain in your account.

Conclusion

If you live near a Northwest Bank of Rockford location, you have the opportunity to earn a generous bonuses. To earn these bonuses, simply open the eligible accounts and follow the procedures and the bonuses should be in your hands!

Although these bank promotions are rather generous, you can also utilize our list of Savings, Money Market, and CD rates.

• Best Savings/Money Market rates
• Best CD Account rates

If you are not eligible for these promotions, 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.

Check back often for more Northwest Bank of Rockford Bonuses, Promotions, or Offers!