Dedicated to Deposits: Deals, Data, and Discussion

$200 Checking Account Bonus at MB Financial Bank


MB Financial Bank
MB Financial Bank is offering up to $200 for opening a Free Checking Account with Direct Deposit. The promotional page link is on the bank's front page under the "News and updates" section. One promotional payment of $50 is paid each calendar month over the first 4 months for monthly recurring direct deposits.

Update: It looks like they've updated the terms so that the promotion is only available for Chicago area residents. This is now stated on the front page.

I called their toll free number (1-888-422-6562), and I was told that people from any state can apply for the checking account online. On a downside, the CSR said that there's a hard credit pull in the application process (this can temporarily ding your credit score).

The Free Checking has no monthly service charges and has free online bill pay. The minimum opening deposit is $50. Below is the small print from the promotional page (pdf):
Limit of one $200 promotional payment per household. We will credit one $50 promotional payment each calendar month, up to a maximum credit per account of $200 over the first four months the account is open. $200 will be paid only for monthly recurring direct deposits. Promotion credits are subject to 1099 reporting. Minimum balance to open Free Checking is $50. Debit Card available to qualified account holders. Other restrictions and account fees may apply. Personal accounts only. Offer available only to new checking customers to MB Financial Bank. This offer is good as of the ad publication date, and is subject to change.

MB Financial has branches in many areas of Illinois including Chicago. There's also one branch in Philadelphia, Pennsylvania. The bank has been FDIC insured since 1934 (Certificate # 3628).

Credit for this find goes to FW member Villager who posted it at this FW thread.

  Tags: Illinois, Pennsylvania, MB Financial Bank, checking account

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Comment #1 by Anonymous posted on
anyone know if ACH counts as DD?

Comment #2 by Anonymous posted on
I noticed on their webpage ( under "news and updates" the following in parenthesis: "Offer available to Chicago area residents only." Is this promotion really available nationwide?

Comment #3 by Steve (anonymous) posted on
Homepage states that offer is only available to Chicago area residents.

Comment #4 by Banking Guy (anonymous) posted on
Banking Guy
Yup, I'm afraid they've updated their home page with the Chicago-only restriction.

Comment #5 by Anonymous posted on
I just went to the bank and signed up. ACH fees 8$ IN 30$ OUT. This offer is only good for about a week I heard.

Comment #6 by Anonymous posted on
I signed up online.. i think i should get accepted.

About the ACH fees.. if we use ING or Citibank to send transfers to MBFinancial.. will will still get those $8 fees charged? I dont see why we should be charged to send money to them.