First Midwest Bank Promotions: $25, $300, $500 Checking, Referral Bonuses [IL, IN, IA, WI]

Find the latest First Midwest Bank promotions, bonuses, and offers here.

They are currently offering a $25, $300, and $500 bonus when you open qualifying account and meet the requirements.

First Midwest Bank Promotions Review

First Midwest Bank is a Chicago-based bank with deep financial resources so they can combine size and stability with quick response, a large array of products with close personal service, and a global perspective with strong local knowledge.

• Availability: IL, IN, IA, WI (Bank Locator)
• Credit Inquiry: Soft Pull
• Credit Card Funding: ACH or cash deposit only now
• Early Termination Fee: None listed, check with CSR for more information

For more current offers, check out our bank bonuses page. Compare First Midwest Bank rates for CDs and Savings with our best rates for Savings  and CD accounts.

Be sure to check more popular bank promotions include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.

I’ll go over First Midwest Bank offers below.

First Midwest Bank $25 Referral Bonus

• What you’ll get: $25 bonus
• Where it’s available: IL, IN, IA
• How to earn it:
  • 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
  • $25 referral bonus will take up to 30 days to show up in your account
• When it expires: No expiration date

(No expiration date)

First Midwest Bank $500 Business Bonus (Expired)

• What you’ll get: $500 bonus
• Where it’s available: IL, IN, IA, WI
• How to earn it:
  • Open any new Essential Business Checking account by November 30, 2021, and earn a $500 bonus when you:
    • Make 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
• When it expires: 11/30/2021

(Expires November 30, 2021)

[Expired] First Midwest Bank $300 Checking Bonus

• What you’ll get: $300 bonus
• Where it’s available: IL, IN, IA, WI
• How to earn it:
  • Open an Easy Checking account by 12/18/20
  • Make deposits totaling $2,500 or more
  • Make 10 debit card purchases of $25 or more
  • Enroll in eStatements
  • Check your account balance on our mobile app
• When it expires: 12/18/2020

(Expires December 18, 2020)

How to Avoid 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.

Author’s Verdict

These offers at First Midwest Bank are rather generous so be sure to act on it while they last. Additionally, these accounts trigger a soft pull, meaning it won’t harm your credit score.

Furthermore, you can find a full list of the best bank promotions here. Finally, remember to bookmark this page because you will always find an updated list of First Midwest Bank promotions here.

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