Take a look at the latest Independent Bank bonuses, promotions, and offers here.
Update 1/23/25: The $200 checking bonus has been extended through 6/30/25.
Independent Bank Bonuses Review
With more than 60 locations across Michigan’s lower peninsula, Independent Bank Corporation is a Michigan-based bank holding company with total assets of $3.5 billion. Additionally, with a full range of financial services including commercial banking, mortgage lending, investments, and title services, they are committed to providing exceptional service and value to our customers, our stockholders, and our communities.
I’ll go over the Independent Bank offers below.
Independent Bank $200 Checking Bonus
- What you’ll get: $200
- Eligible account: Checking Account
- Availability: MI (Branch Locator)
- Credit Inquiry: Soft Pull, up to $1,000
- Direct Deposit Required: Yes
- Monthly Fee: $2; waivable
- How to earn it:
- Open a new checking account.
- Earn $100 when you receive 4 or more direct deposit transactions of $50 or more within 90 calendar days of opening your account.
- Earn $100 when you swipe your new debit card 15 times each month for the first 90 calendar days of opening your account.
(Expires 06/30/2025)
| Chase Private Client ($3,000 Bonus) | Fifth Third Preferred Checking ($300 Bonus) |
| KeyBank Checking ($300 bonus) | |
Fine Print
- Subject to 1099-INT reporting.
- Offer paid out within 60 calendar days of qualification.
- Valid for new checking account customers only.
- Cannot be combined with any other offer.
- Account must be in good standing to receive the bonus.
- Account must be opened by June 30, 2025.
Independent Bank $50 Referral Bonuses
You can receive a $50 bonus when you refer your friends and family to open a new checking account and meet certain requirements.
- What you’ll get: $50 Bonus
- Eligible account: Personal Checking Account
- Availability: MI (Branch Locator)
- Credit Inquiry: Soft Pull, up to $1,000
- Direct Deposit Required: Yes
- Monthly Fee: $2; waivable
- How to earn it:
- Get a $50 Mastercard Reward Card when your friend registers, opens a new Independent Bank personal checking account AND completes the following within 60 calendar days of account opening:
- Completes ten (10) debit card transactions (ATM transactions excluded), OR
- Completes at least $100 in direct deposits
- Your friend can earn a $50 Mastercard Reward Card.
- Get a $50 Mastercard Reward Card when your friend registers, opens a new Independent Bank personal checking account AND completes the following within 60 calendar days of account opening:
(Limited time offer)
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($300 Bonus Offer) | Truist Checking ($400 bonus) |
| SoFi Checking & Savings Account ($325 bonus) | |
Fine Print
- $10 minimum deposit is required for all account openings.
- The new account is subject to standard account opening requirements.
- Rewards are subject to 1099-INT for the referred party and 1099-MISC for the referring party for aggregate awards totaling $600 annually.
- Additionally, by participating in the ReferLive program, each party may be aware that the other is, or may become, an Independent Bank customer.
Independent Bank $250 Checking Bonus (Expired)
You can receive a $250 checking bonus when you open a new qualifying checking account.
- What you’ll get: $250
- Eligible account: Checking Account
- Availability: MI (Branch Locator)
- Credit Inquiry: Soft Pull, up to $1,000
- Direct Deposit Required: Yes
- Monthly Fee: $2; waivable
- How to earn it:
- $50 Bonus:
- Complete 10 debit card transactions within a 45 day period
- $100 Bonus:
- Establish a recurring direct deposit of at least $50
- $100 Bonus:
- Maintain a balance of $2,500 or more for 60 days
- $50 Bonus:
(Expires 12/31/2021)
| Chase Private Client ($3,000 Bonus) | Fifth Third Preferred Checking ($300 Bonus) |
| KeyBank Checking ($300 bonus) | |
Fine Print
- Annual Percentage Yield (APY).
- Rate based on monthly volume of debit card swipes.
- Rate subject to change without notice.
- If eStatements are not selected, a $2/month fee will be assessed for paper statements.
- Fee may reduce earnings.
- $10 minimum deposit is required for all accounts at account opening.
- Accounts are subject to standard account opening guidelines.
- Other fees and restrictions may apply.
- Offer valid for new checking account customers only.
- May not be combined with other offers.
- Subject to 1099-INT reporting.
- Offer paid out within 60 calendar days of qualification.
- Expires December 31, 2021.
How to Waive Monthly Fees
- Personal Checking: $2 monthly fee, waivable if enrolled in eStatements
- Eagle Savings Account: $12 quarterly fee, waivable with a minimum daily balance of $300, combined account statements, or eStatements
- Health Savings Account: None
- Swift Savings Account: $12 quarterly fee, waivable if primary account holder is under 18
- Relationship Money Market Account: $12 monthly fee, waivable with a minimum daily balance of $2,500
- Business Freedom Checking: $2 monthly fee, waivable with an average daily balance of $1,000+ or with eStatements
- BusinessFlex Checking: $12 monthly fee, waivable with an average daily balance of $25,000+
- EagleAdvantage Checking: $12 monthly fee, earnings credit can offset fees
- EagleFlex Savings: $12 quarterly fee, waivable with a minimum daily balance of $300+, combined account statements, or eStatements
- Business Money Market: $12 monthly fee, waivable with a minimum daily balance of $1,000+
- EagleAdvantage Money Market: $15 monthly fee, waivable with a minimum daily balance of $10,000+
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Conclusion
In conclusion, both of these bonuses have quite easy requirements but the bonus amount is not very generous. If you know anyone looking to open a new checking account or business checking account then I would highly recommend this promotion. If you do not, there are bonuses out there that may be more suitable for you. Our website Bank Checking Savings has many other great promotions that I recommend you check out if you aren’t interested in this one.
Furthermore, feel free to comment on this post with any questions you may have about Independent Bank, their accounts they offer, or coupon codes.
I would check out a list of our Savings, Money Market, and CD Rates to find other generous promotions you can utilize.
However, 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.
Lastly, Check back often for more Independent Bank Bonuses, Promotions, or Offers!
