$200 Checking Account Bonus at a Michigan Bank

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The Bank of Lenawee is offering a checking account sign-up bonus of up to $200 with a minimum opening balance of $2,500 and direct deposit. Smaller opening balances earn smaller bonuses:

Bonus Min Balance
$25 $50
$50 $101
$75 $501
$100 $1,000
$200 $2,500

You can also get an additional $20 bonus when you bring in your old checks or debit card. The bonus is for the Free Smart and Simple Checking Account which has no minimum balance, no monthly service charges and no per check charges. Some of the important small print for this deal:

Offer applies to new personal checking accounts only with new direct deposit service. One offer per individual. Existing Bank of Lenawee customers can open new accounts but they cannot transfer funds from their own BOL account to qualify. Your cash bonus will be credited to your new account after the first 90 days. Your account must remain active during this period to qualify. You receive 25 free checks for your new account and must purchase any additional checks.

The bank has branches in the Michigan cities of Adrian, Hudson, Morenci, Tecumseh and Waldron. These cities are about 50 miles southwest of Detroit. Credit for finding this deal goes to this iBankDesign thread.

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