Check out the latest Malvern Bank bonuses, promotions, and offers here.
Update 12/3/25: There’s currently a $300 checking bonus available for a limited time along with a $50 referral bonus!
Malvern Bank Bonuses Review
Malvern Bank is headquartered in Malvern, Iowa and was established in 1892. They boast an A health rating and they are focused on providing friendly service, knowledgeable staff, and helping customers meet their financial goals.
I’ll go over the Malvern Bank offers below.
Malvern Bank $300 Checking Bonus
Earn a $300 bonus when you open a new checking account and meet the requirements.
- What you’ll get: $300 bonus
- Eligible account: Checking Account
- Where it’s available: IA (Branch Locator)
- Credit Inquiry: Soft Pull or Hard Pull? Let us know.
- Direct Deposit Required: Yes
- Monthly Fee: None
- How to earn it:
- Open a new Premier Checking account. Malvern Bank is providing a Welcome Bonus of $300.00 (to be paid on day 91 of the account) if the account meets two requirements.
- The account is funded with money not previously held at Malvern Bank.
- The account remains open for 90 days and meets each of the Monthly Requirements for each of the statement cycles.
- Have at least one direct deposit to the account during the statement cycle.
- Make at least ten debit card transactions during the statement cycle.
- Access online banking at least once during the statement cycle.
- Remain enrolled for e-statements during the statement cycle.
(Limited time offer)
| Bank of America Checking ($500 Bonus Offer) | KeyBank Checking ($300 bonus) |
| SoFi Checking & Savings Account ($325 bonus) | |
Fine Print
- The minimum deposit to open this account is $25.00.
- Interest will be compounded and credited to your account on the last day of each month.
- We use the daily-balance computation method to calculate the interest on your account.
- This method applies a daily periodic rate to the principal in the account each day.
- Interest begins to accrue on the no later than the business day we receive credit for the deposit of noncash items (for example, checks).
- At our discretion, we may change the interest rate on your account daily.
- Fees may reduce earnings.
- Bonuses are considered interest and will be reported on IRS Form 1099-INT.
Malvern Bank $50 Referral Bonus
Earn a $50 bonus when you refer someone to open a new checking account and meet the requirements.
- What you’ll get: $50 Bonus
- Eligible account: Checking Account
- Where it’s available: IA (Branch Locator)
- Credit Inquiry: Soft Pull or Hard Pull? Let us know.
- Direct Deposit Required: Yes
- Monthly Fee: None
- How to earn it:
- Refer friends and family to open a consumer checking account.
- All your referral needs to do is:
- Have an opening deposit of $200
- Receive a direct deposit within 30 days of opening
- Keep their account in good standing for 90 days
- Enroll in e-statements
(Limited time offer)
| KeyBank Checking ($300 bonus) | HSBC Premier Checking (Up to $3,500 Cash Bonus), |
Fine Print
- Referrals must be from a current Malvern Bank checking account customer to a new Malvern Bank checking account
customer. - Must be 16 years or older.
- You and your referral will each receive a $50 deposit to your respective Malvern Bank checking account within 30 days of qualifications being met.
- Employees of Malvern Bank and their immediate family members are not eligible.
- By handing this card to the Malvern Bank employee for the referral bonus, you acknowledge that the person who referred you may know that you opened this account.
- The IRS requires the $50 be reported on Form 1099 MISC if the cumulative total of all such items reaches $600.
- Offer subject to change and may be discontinued at any time without notice.
How To Waive Monthly Fees
- Checking: None Listed
- NOW Account: None Listed
- PassBook Savings: None
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Conclusion
If you are currently a resident of Iowa or Missouri and are interested in a new banking experience, then check out this promotion. For a limited time, all you would have to do is refer someone to join Community First Credit Union and you could earn a bonus as well as your referral.
I would check out a list of our Savings, Money Market, and CD Rates to find other generous promotions you can utilize.
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.
Feel free to comment on this post with any questions you may have about Community First Credit Union, their accounts they offer, or coupon codes.
Check back often for more Community First Credit Union Bonuses, Promotions, or Offers!
