$150 Bonus on Checking Account with M&I Bank

M&I Bank is running a checking account promotion which offers up to $150 bonus on their Cash Back Checking. You just need to complete the following requirements within 60 days upon account opening to avail of this checking account bonus:

  • you can earn $50 when you make at least 5 purchases at the point of sale using your check card
  • you can earn $50 when you setup for at least 2 direct deposits via ACH
  • you can earn $50 when you pay at least 5 bills online

This best checking has a monthly service charge of $10. You can go around this fee if you can satisfy one of the following requirements: make 10 transactions in the form of deposit or withrawal every statement cycle; maintain atleast a minimum daily balance of $1,000; if you’ re below 25 years old the monthly fee is automatically waived.

After the promotion you can still earn thru your cash back checking account for at least $4.25 every month by just satisfying the following requirements:

  • get 0.25% from the total of the qualified purchases using your check card
  • get 25¢ per deposit, you are allowed to make at least a maximum of 8 deposits per statement cycle
  • get 5¢ per online bill payment or ACH debit, you are allowed to make at least 40 online bill payments or ACH debits per statement cycle
  • get 25¢ per month when you subscribe to electronic bank statement

Individuals who want to apply for this cash back checking account are required to deposit at least a minimum of $50 to open an account. You may just complete your online application. You may also contact Marshall and Ilsley Corporation’s customer service with regard to account fee information thru 1-800-642-2657.

Marshall and Ilsley Corporation is headquartered in Wisconsin. The bank started it’s business in 1847. The company currently has a total of $49.1 billion in assets.

M&I Bank operates under the umbrella of Marshall and Ilsley Corporation. It is a Federal Deposit Insurace Corporation member since 1934 with certificate number 1020.

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Posted on 14th April 2011 by Randell in Reward Checking Accounts

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