Available for residents of Minnesota and Wisconsin, Bank Mutual is offering a generous $200 bonus when you sign up and open a new Checking Account with direct deposit by July 15, 2017. To qualify for the bonus, all you would need to do is set up recurring direct deposits totaling $500 or more per month, complete at least 20 debit card transactions as well as setting up online bill pay and pay 5 or more bills, all within 60 days of account opening.
Once you have met the requirements, you will be able to enjoy great account features such as online and mobile banking, access to over 23,000 surcharge-free ATMs in the Bank Mutual, MoneyPass®, and Accel® ATM networks and so much more! If you are currently interested, be sure to head on over to your local branch as soon as you can!
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Bank Mutual Checking Account Summary:
- Apply Now
- Account Type: Checking Account
- Maximum Bonus: $200 Bonus
- Availability: MN, WI (Bank Locator)
- Expiration Date: 07/15/2017
- Soft/Hard Pull: Soft Pull
- Credit Card Funding: Unknown, let us know
- Direct Deposit Requirement: Yes, $500+
- Additional Requirements: See below
- Avoid Monthly Fee: $4.95-$12.95 can be waived by meeting ONE of the following requirements
- Essential Checking: To avoid the $4.95 fee, you must have an external direct deposit, OR be a current student of 25 years old or younger, OR making at least 10 signature-based Debit MasterCard® transactions in the month.
- Select Checking: To avoid the $7.95 fee, you must maintain a $1,500 Minimum Daily Balance, OR have $5,000+ in Combined Deposit Balances, OR have a Bank Mutual Mortgage with auto payments from this account, OR have an active loan relationship of $10,000+
- Elite Checking: To avoid the $12.95 fee, you must have a $5,000 Minimum Daily Balance, OR have $15,000+ in Combined Deposit Balances, OR have a Mutual Financial Group Brokerage/Annuity Relationship of $25,000+, OR be a Principal owner of a business with one of the following Business Accounts: Busines Power Checking, Business Power Bundle Checking, Commercial Analyzed Checking
- Early Termination Fee: Loss of $200 bonus, if account is not open for at least 6 months.
Bank Mutual Checking Requirements:
- Open a Essential, Select or Elite Checking account from Bank Mutual by July 15, 2017.
- Establish a recurring direct deposit of $500 or more
- Make a minimum of 20 debit card purchases
- Enroll in online bill pay and make the minimum five bill payments.
Bank Mutual Bonus Fine Print:
- This offer applies to personal checking accounts opened at select Bank Mutual locations.
- Offer available to new checking customers only. Accounts may not be opened with money currently on deposit with Bank Mutual.
- Minimum balance to open a personal checking account is $100.
- Maximum $200 bonus per household.
- After the qualifying activities are complete, bonus will be credited and considered earned approximately 90 days after account opening.
- Bonus will be credited and considered earned on IRS Form 1099-INT.
- The Annual Percentage Yield (APY) on Elite and Select Checking is .01% and is accurate as of 5/1/17.
- Fees could reduce earnings on these accounts.
- Other rules and restrictions may apply.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them.
Conclusion:
If you are currently a resident of Minnesota or Wisconsin and are currently interested in a new banking experience, then the promotion from Bank Mutual is a great bet for you! For a limited time, all you would have to do is meet a few simple requirements and you could be well on you way to enjoying a generous bonus as well as great account features to better your banking experience. Additionally, you will be able to take advantage of the best service the bank has to offer. However, if this is not for you, be sure to check out our complete list of Bank Deals for all your banking needs!