State Bank of The Lakes Bonuses: $150, $300 Checking, Savings Promotions (IL, WI)

You can find the latest State Bank of The Lakes bonuses, promotions, and offers here.

Update 2/5/25: The $300 checking bonus now has a new expiration date of 7/31/25.

State Bank of The Lakes Bonuses Review

State Bank of the Lakes provides Illinois with the resources of a big bank while maintaining the personalized service of a true local community bank.

I’ll go over the State Bank of The Lakes Bonuses below.

State Bank of The Lakes $300 Checking Bonus

• Direct Links:
  • Total Access Checking
  • White Sox Checking
  • Cubs Checking
• What you’ll get: $300 Bonus
• Eligible account: Checking Account
• Where it’s available: IL (Bank Locator)
• Credit Inquiry: Soft Pull or Hard Pull? Let us know.
• Direct Deposit Required: Yes
• Monthly Fee: None
• How to earn it:
  • Open a new Total Access/Cubs/White Sox Checking account now and get a $300 bonus when you
    • Enroll in online banking
    • Activate e-statements through bank’s website
    • Have at least monthly occurring direct deposits totaling $500 or more each month for the qualification period

(Expires 07/31/2025)

Fine Print

• Total Access Checking Bonus Information. Offer valid for accounts opened 2/1/24 – 7/31/25. Offer not available to existing or closed checking account customers of Wintrust Financial Corporation (‘WTFC’) & its subsidiaries or employees. Limit 1 bonus payment per customer, regardless of number of accounts opened; may only be received from 1 WTFC location. Offer combinable with any WTFC savings offer. Bonus payment subject to IRS 1099-INT reporting & may be considered income for tax purposes.
• Total Access Checking Bonus Qualifications. (i) Open new Total Access Checking account; (ii) mention offer during in-branch account opening, visit URL provided, or enter Echecking300 when applying online; (iii) have direct deposits totaling at least $500 per month made to the new account for 2 consecutive calendar months after the calendar month the new account was opened (‘Qualification Period’); & (iv) enroll in online banking & e-statements within the Qualification Period. Your account opening date is the business day that we open your account. If your account is opened on a non-business day (weekends and federal holidays), your account opening date is the next business day. Direct deposit is a payment made by a government agency, employer, or other third-party organization via electronic deposit, but does not include teller/ATM/mobile or remote deposits, wire transfers, digital banking/telephone transfers between accounts at WTFC, external transfers from accounts at other financial institutions, peer-to-peer network payments like Zelle® or Venmo, or debit card transfers & deposits. New account must be open & have a balance greater than $0 to receive bonus payment. Balance determined as of end of each business day as funds currently in the account including deposits & withdrawals made in the business day. For eligible customers, bonus is deposited into the new account within 30 calendar days after the Qualification Period. A listing of WTFC locations can be found here: wintrust.com/locations.

State Bank of The Lakes $150 Checking & Savings Bonus (Expired)

• What you’ll get: $150 Bonus
• Eligible account: Checking & Savings Account
• Where it’s available: IL (Bank Locator)
• Credit Inquiry: Soft Pull or Hard Pull? Let us know.
• Direct Deposit Required: Yes
• Monthly Fee: None
• How to earn it:
  • $100 bonus: Open a Total Access Checking account and:
    • Enroll in online banking & activate e-statements
    • Complete a direct deposit each month for the
      qualification period
  • $50 bonus: Open a Statement Savings account and:
    • Deposit $1,000 of new money
    • Maintain a minimum balance of $1,000 for the
      Qualification Period

(Expires 01/29/2025)

Fine Print

• General Bonus Information. Offers valid for accounts opened 2/1/24 — 1/29/25. Offers not available to existing or closed checking/savings account customers of Wintrust Financial Corporation (‘WTFC’) & its subsidiaries or employees. Limit 1 bonus payment per customer, regardless of number of accounts opened; may only be received from 1 WTFC location. Total Access Checking offer combinable with any WTFC savings offer; Statement Savings offer combinable with any WTFC checking offer. Bonus payment subject to IRS 1099-INT reporting & may be considered income for tax purposes.
• Total Access Checking Bonus Qualifications. (i) Open new Total Access Checking account; (ii) mention offer during in-branch account opening, visit URL provided, or enter TAC100 when applying online; (iii) have direct deposits made to the new account for 2 consecutive calendar months after the calendar month the new account was opened (‘Qualification Period’); & (iv) enroll in online banking & e-statements within the Qualification Period. Direct deposit is a payment made by a government agency, employer, or other third-party organization via electronic deposit, but does not include teller/ATM/mobile or remote deposits, wire transfers, digital banking/telephone transfers between accounts at WTFC, external transfers from accounts at other financial institutions, peer-to-peer network payments like Zelle® or Venmo, or debit card transfers & deposits. New account must be open & have a balance greater than $0 to receive bonus payment. Balance determined as of end of each business day as funds currently in the account including deposits & withdrawals made in the business day. For eligible customers, bonus is deposited into the new account within 30 calendar days after the Qualification Period. A listing of WTFC locations can be found here: www.wintrust.com/locations.
• Statement Savings Bonus Qualifications. (i) Open new Statement Savings account; (ii) mention offer during in-branch account opening, visit URL provided, or enter Savings50 when applying online; (iii) deposit $1,000 or more of new money (defined as money not currently held at any WTFC location); & (iv) maintain minimum balance of at least $1,000 on the last business day of each of the 3 consecutive calendar months following the calendar month the new account is opened (‘Qualification Period’). New account must be open & have a balance greater than $0 to receive bonus payment. Balance determined as of end of each business day as funds currently in the account including deposits & withdrawals made in the business day. For eligible customers, bonus is deposited into the new account within 30 calendar days after the Qualification Period. A listing of WTFC locations can be found here: wintrust.com/locations.

State Bank of The Lake $300 Business Checking Bonus (Expired)

When you open a checking account and meet the requirements, you can receive a $300 bonus.

• What you’ll get: $300 Bonus
• Eligible account: Entrepreneur Checking Account
• Where it’s available: IL
• Credit Inquiry: Soft Pull or Hard Pull? Let us know.
• Direct Deposit Required: No
• Monthly Fee: $10-$25
• How to earn it:
  • Receive a sign up bonus of $300 when you open a new Entrepreneur checking account and complete the following requirements:
    • Deposit and maintain $1,500 or more in new money
    • Complete 5 qualifying transactions
    • Enroll in online banking and activate eStatements

(Expires 12/31/2022)

Fine Print

• This Entrepreneur Checking account bonus offer is not available to existing or closed checking account customers of Wintrust Financial Corporation (WTFC) and its subsidiaries or its active employees.
• Limit 1 bonus payment per customer, regardless of the number of accounts opened.
• If you qualify for this Entrepreneur Checking account bonus offer, you are ineligible to receive this Entrepreneur Checking account bonus offer from any other WTFC location.
• If you qualify for any other WTFC savings offer it may be combined with this Entrepreneur Checking account bonus offer.
• Your new account must be open, in the same product, and have a balance greater than zero to receive the bonus payment.
• If you are a sole proprietorship or a single member LLC, the $300.00 bonus payment is subject to IRS 1099-INT reporting and may be considered income for tax purposes for the tax year in which the bonus was paid.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them.

How To Waive Monthly Fees

• Total Access Checking: None
• Clubs Checking: None
• White Sox Checking: None
• Student Checking: None
• Depaul Checking: None
• NorthWestern Wildcats Checking: None
• Chicago Checking: None
• Money Smart Checking: None
• Chicago Red Stars Checking: None
• Access Plus Checking: $10 monthly fee. Waived with $1,000 minimum daily balance or $2,500 average daily balance for the statement cycle.
• Premier Checking: $25 monthly fee. Waived with $10,000 average daily balance or $75,000 combined average relationship balance for the statement cycle.
• Platinum Preferred Checking: $10 monthly fee. Waived with $1,000 minimum daily balance
• NorthWestern Wildcats Checking: $10 monthly fee. Maintain a $15,000 minimum average daily balance to avoid the monthly account fee.

Conclusion

The bonuses from State Bank of The Lakes are pretty decent, they provide a variety of checking options so sign up if this interests you! However, be sure to check if it’s soft pull or hard pull before you open the account.

I would check out a list of our Savings, Money Market, and CD Rates to find other generous promotions you can utilize.

• 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.